Hafnia Limited is an international chemical and product tanker shipping company that transports refined petroleum products and chemical cargoes in bulk liquid form across global markets using a fleet of owned and chartered vessels in various size categories. The company generates revenue primarily through spot market voyage charters, longer-term time charter agreements, commercial pool participation, and bareboat charter arrangements, with income highly sensitive to market-driven tanker freight rates that fluctuate based on global oil supply and demand, vessel capacity, geopolitical developments, and economic conditions. Hafnia serves a global customer base including oil majors, refineries, and independent traders, and operates in a cyclical industry where earnings depend significantly on factors beyond the company's control such as international trade flows, environmental regulations, and vessel supply dynamics.