DHT Offloads Suezmax

 

DHT Holdings, Inc. announced having sold the DHT trader on December 30, 2015. The DHT Trader is a 2000 built Suezmax and was sold for $26.5 million. The sale is in accordance with the company's communicated strategy.

The entire net proceeds are applied to repay debt under the RBS facility and are in support of the company's announced capital allocation policy.  The company will record a book loss of $0.8 million in connection with the sale, which will be recorded in the fourth quarter 2015.