Could Hafnia and TORM combine? ハフニア、トームとの統合はあるのか

Oaktree’s 11-year involvement comes to an end as Brookfield indirectly holds 19.86%

Oaktreeの11年にわたる関与が終幕、Brookfieldが19.86%を間接保有

　The shareholder structure surrounding Hafnia and TORM, both of which operate large fleets in the global product tanker market, is undergoing significant change.

 As of the end of March 2026, Hafnia had 109 owned vessels and nine chartered-in vessels, while Hafnia Pools operated more than 170 vessels, including those owned by third-party owners. TORM, meanwhile, is expected to have a fleet of 103 vessels, including ships it has agreed to acquire.

■The full article covers the following points (approximately 2,000 Japanese characters)

→ Hafnia and TORM each operate product tanker fleets of around 100 vessels, with the article comparing their business areas and fleet composition

→ Oaktree participated in TORM’s restructuring in 2015, as its shareholder structure undergoes significant change after around 11 years

→ Brookfield indirectly holds 19.86% of TORM, with the article explaining how the stake shifted following its full acquisition of Oaktree

→ Hafnia acquired a 13.97% stake in TORM for about $311m, and has also referred in official disclosures to the possibility of a business combination

→ The article examines the management links between Hafnia and TORM, as well as Hafnia’s past collaboration with MOL in the product tanker sector

　(The full article is available to subscribers in English and Japanese. The Japanese version follows the English article.)

ハフニア、トームとの統合はあるのか

Oaktreeの11年にわたる関与が終幕、Brookfieldが19.86%を間接保有

　世界のプロダクトタンカー市場で大規模な船隊を展開するHafniaとTORMを巡り、株主構成が大きく変化している。

Hafniaは2026年3月末時点で保有船109隻、用船9隻を展開し、第三者船主を含むHafnia Poolsでは170隻超を運航する。一方、TORMも取得契約済みの船舶を含め、船隊が103隻となる見通しだ。

■記事本文では以下の内容を読むことができます（記事全文約2,000文字）

→ HafniaとTORMはいずれも100隻規模のプロダクトタンカー船隊を展開、両社の事業領域と船隊構成を比較

→ Oaktreeは2015年のTORM再建に参画、約11年を経て株主構造が大きく変化

→ BrookfieldがTORM株19.86%を間接保有、Oaktree完全取得による持ち分移行の仕組みを整理

→ HafniaはTORM株13.97%を約3億1,100万ドルで取得、企業結合の可能性にも公式資料で言及

→ HafniaとTORMの人的な接点に加え、Hafniaと商船三井によるプロダクトタンカーでの協業実績も紹介

（続きは英語と日本語で書かれた有料版の本文でお読みください。日本語の記事は英文記事に続いて掲載されています）