Hafnia closes in on 20% of Torm and raises $300m

TORM plc announced a $253M secondary offering of 6.3M Class A shares by OCM Njord Holdings, expected to close on October 7, 2026. The company itself is not selling shares and will not receive proceeds. TORM also issued 97,089 new shares to settle RSUs, with CEO Jacob Balslev Meldgaard exercising 85,067 units. The total share capital now stands at $1,026,507.77.

TORM plc announced a secondary offering of 6.33 million Class A shares by OCM Njord Holdings, raising $253.5M for the seller. The offering, underwritten by J.P. Morgan, is set to close Oct. 7, 2026. TORM's shares are listed on NASDAQ (TRMD, TRMD A).

Nordic-listed tanker companies' shares rose Monday due to record-high shipping rates. Frontline (FRO) gained 6%, while Hafnia (HAFNI), Capital Tankers (CAPT), and TORM (TRMD) increased 4-6%. Suezmax rates jumped 70% week-on-week, impacting companies' revenue and outlook, according to Danske Bank analyst Bendik Folden Nyttingnes.

Hafnia Limited (OSE: HAFNI, NYSE: HAFN) issued 35,488,875 new shares, raising approximately $300 million. The shares were issued to settle a share lending agreement related to a recent offering. The company now has 535,331,154 shares outstanding, all fully paid and trading on Euronext Oslo Børs.

Hafnia Limited issued 35.49M new shares, increasing total outstanding shares to 535.33M. The shares were issued to settle a share lending related to a $300M offering and are now trading on Euronext Oslo Børs. The company has not yet disclosed the use of proceeds or updated guidance.

Hafnia raised $300M via a share sale, issuing 35.49M shares at $8.43 each. The funds will support its balance sheet, increase its stake in TORM to 19.85%, and cover general corporate purposes. Analysts expect Hafnia's revenue and earnings to decline over the next few years, with 2029 projections at $486.1M and $257.7M, respectively.