Hafnia names CFO

Hafnia Tankers, the expanding Danish product tanker-focussed shipowner, has named its first chief financial officer.

The shipowner has recruited Georg A Whist (43) who was previously worked as Nordea Bank’s head of Europe, Asia & Middle East at Shipping, Offshore and Oil Service division.

Hafnia Tankers said Whist brings with him 18 years of international banking experience.

“We have known and worked with Georg for the past decade and are therefore extremely pleased that he is now joining the Hafnia team,” said chief executive Mikael Skov.

“Georg comes with both experience and insights into the financial and accounting characteristics of the shipping sphere, as well as strong relations among investors in the capital markets.”

Last month Hafnia Tankers booked a 26% jump in net profit for the first three months of 2014 in its first full quarter as a public company.

Net income was $1.75m, while revenue increased six-fold to $26.7m. However, operating costs rose ten-fold to $23.3m.

The quarter saw Hafnia take delivery of the last seven of ten MR tankers acquired from compatriot shipowner J Lauritzen.

It has a fleet of 19 non-eco tankers consisting of seven 39,000-dwt vessels, ten MRs and a pair of LR1s.

It also has eight eco-design MR product tankers on order at China’s Guangzhou Shipyard International and six 39,000-dwt tankers at Hyundai Mipo Dockyard all for delivery between 2015 and 2016.

Hafnia, which raised $235m from a private placement in Norway last October, trades on Oslo’s Over The Counter (OTC) market.