We are an international shipping company providing seaborne transportation of petroleum products worldwide.
We operate a modern fleet of short-range ("SR"), medium-range ("MR") and long-range1 ("LR1") product tankers that are capable of carrying refined oil products. We intend to continue to operate the majority of our fleet in the spot market primarily through spot market-oriented pools of similarly sized vessels, which we believe will allow us to maximize our utilization and revenues and benefit from a cyclical freight rate recovery.
Tankers Inc. commenced business operations in 2010 with the goal of acquiring and operating high quality product tankers. Our company was formed by several of the former top management team of the international shipping business, TORM A/S and institutional shareholders including Barclays Natural Resource Investments and Castel AS. In 2013, our current organizational structure and operating model was created through a series of transactions which included a renaming to Hafnia Tankers, the acquisition of 10 MR tankers from J. Lauritzen, an equity interest in Hafnia Management A/S and an equity interest in BTS Tanker Partners Limited owning seven SR tankers and two LR1 tankers .
Hafnia Tankers is focused on ownership and chartering of tonnage in the product tanker segment. We plan to strategically expand our fleet through the acquisition of secondhand vessels and newbuilds, in each case, based on a return focused evaluation of price, quality and performance. Our primary objective is to maximize returns to our shareholders as freight rates fluctuate through the shipping cycle. An essential part of the strategy, is to create a company on the foundation of a strong business integrity framework as well as setting the highest standards with respect to safety and quality of the entire business operation.