Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and …
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Competitive advantage assessment
Key strengths
ROIC Sustainably Above PeersROIC at 83.9th percentile exceeds peers and WACC, demonstrating superior capital allocation.
Operating Leverage in EffectOperating leverage is evident (score 0.72), with margins expanding over time.
Key risks
Commodity Pressure / Weak DifferentiationGross margin at 37.5th percentile with high volatility suggests weak pricing power or commoditized products.
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.29), suggesting weak customer stickiness.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Hafnia Limited ranks #13 of 34
scored companies in Marine Shipping by moat score — the top 38%.
The widest moat in the group is Euroseas Ltd. (ESEA)
at 86/100.
Moat scores for companies ranked near HAFN in Marine Shipping
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 75
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 47
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 68
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 50
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 56
· 15% of the moat score
Scale matters only when it converts into economics.
Hafnia Limited (HAFN) scores 56 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #13 of 34 scored companies in Marine Shipping, the top 38%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Marine Shipping. Its strongest defense is Cost Advantage (75/100) and its weakest is Pricing Power (42/100).
How does Hafnia Limited compare with other Marine Shipping companies?
Hafnia Limited ranks #13 of 34 scored companies in Marine Shipping by moat score. The widest moat in Marine Shipping is Euroseas Ltd. (ESEA) at 86/100. The companies ranked closest are BW LPG Limited (BWLP) at 59 just above it and Matson, Inc. (MATX) at 56 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Marine Shipping. The defenses are then weighted to produce the overall score out of 100.
Why is Hafnia Limited scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Hafnia Limited?
The Corporate Default template measures 6 defenses, and HAFN scores: Pricing Power (42), Cost Advantage (75), Customer Stickiness (47), Capital Efficiency (68), Resilience (50), Scale & Market Position (56). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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