BW-owned Hafnia has praised the pool tie-up by rivals Norden and Diamond S Shipping, as it revealed a plan to enter a new product tanker sector.

Norden and Diamond S will operate one of the world's largest MR pools, with their new DiaNor venture set to control 90 MR2s.

In a statement, Hafnia said: "We are pleased to see continued interest in consolidating the product tanker segments since last year's merger between BW Tankers and Hafnia – the biggest fully-fledged product tanker merger to date."