DHT Holdings Completes Delivery of 9 VLCCs
Bermuda-based DHT Holdings has completed the delivery of the nine VLCCs acquired from the BW and the contracts for the two newbuildings due for delivery in 2018 have been transferred to DHT. DHT has a fleet of 30 VLCCs, 26 in the water and four under construction scheduled for delivery in 2018, as well as two Aframaxes. The total dwt of the fleet is 9,502,995. The average age of the VLCC fleet is 6.8 years. "In June 2017, we entered into a financing with DNB and Nordea totaling $82.5 million to fund the acquisition of the two VLCC newbuildings ordered from HHI in January 2017. The five year credit facility is divided 50/50 between a term loan and a revolving credit facility and borrowings will bear interest at a rate equal to LIBOR plus a margin of 250 basis points…
Recent Vessel Sales: February 2017
2/19 - MSR NO.
DHT Sells 18-year-old VLCC for $19.1 Mln
Crude oil tanker owner and operator DHT Holdings, Inc. said it has entered into agreement to sell the 1999-built very large crude carrier (VLCC) DHT Phoenix for $19.1 million. The 18-year-old tanker has just completed a “highly profitable” one year time charter at $45,000 per day to an Asian refining company, DHT said. DHT did not identify the new owner in its press release announcing the sale, but said the tanker will be delivered during the second quarter and is expected to retire from the trading fleet. The DHT Phoenix is debt free, and the entire net proceeds will be added to the company's cash balance. The company said it will record a book loss of about $3.5 million in the first quarter 2017 in connection with the sale.
DHT Holdings 3Q Results
DHT Holdings reported revenues for the period from July 1 to September 30, 2011 of $26.6 million, compared to revenues of $23.3 million for the prior-year period. For the quarter there was no profit sharing under our profit-sharing arrangements. Our vessels were on-hire 99.7% for the quarter. This does not include planned off-hire during the quarter related to the DHT Chris completing its special survey and dry-dock. The next scheduled class surveys are special surveys and dry-docks for two VLCCs; one each in the fourth quarter 2011 and first quarter 2012. In addition, two Aframax vessels are scheduled for interim surveys in the fourth quarter of 2011.
