Product tanker giant Hafnia is in no hurry to fix its vessels on term charters as rates fall in the spot market.
The Singapore-based, BW Group-owned company said it remains on a watching brief as it evaluates the level of forward rates compared to one-voyage deals.
“Our view is, and always has been, we constantly value and review the current forward market for either time charter or other ways of fixing our earnings, and compare that to our view of the spot market,” chief executive Mikael Skov told analysts on its first-quarter conference call.
