Dht News

DHT Holdings has taken delivery of the second VLCC newbuilding from Hanwha Ocean.The vessel is named DHT Addax and is entering the spot market.It is the second in a series of four VLCC newbuildings to be delivered to the company during the first half of 2026.The newbuildings are fully funded and will increase the company’s customer offerings and earnings power.The next newbuilding is scheduled for delivery in late March 2026.

The cost of hiring a supertanker from the Middle East to China exceeded $200,000 a day on Thursday for the first time since 2020 as the threat of U.S. attacks on Iran grows and buyers seek to lock in oil cargoes, according to data and market sources.Iran pledged to show flexibility at indirect talks with Washington on their longstanding nuclear dispute on Thursday, with Tehran under pressure to agree to a deal or face U.S. military strikes. The Strait of Hormuz runs along Iran's…

DHT Holdings, Inc. (NYSE:DHT) entered into an agreement to sell the DHT Bauhinia, built in 2007, for a price of $51.5 million. The vessel is expected to be delivered to the new owner during June/July 2026. The vessel is debt free and the company expects to record a gain of $34.2 million related to the sale.

DHT Holdings, Inc. has taken delivery of a VLCC newbuilding from Hanwha Ocean Co., Ltd. The vessel is named DHT Antelope and is entering the spot market. It is the first of a series of four VLCC newbuildings to be delivered to the company during the first half of 2026. The newbuildings are fully funded and will increase the Company’s customer offerings and earnings power. The next newbuilding is scheduled to deliver early March 2026.

Tanker company DHT Holdings, Inc. has entered into a $308.4 million senior secured credit facility for the post-delivery financing of the company’s four newbuildings.The vessels are currently under construction at Hyundai Samho Heavy Industries and Hanwha Ocean, in South Korea and are scheduled for delivery during the first half of 2026.The facility is co-arranged by ING Bank and Nordea Bank Abp, with ING Bank as Coordinator, Facility Agent, Security Agent and ECA Agent. The facility bears interest at a rate equal to SOFR plus a weighted average margin of 1.32%.

DHT Holdings entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries (HHI), for $107 million. The vessel is scheduled to deliver towards the end of the third quarter of 2025. “This is a sister of vessels built by us in 2018, a design with large carrying capacity and premium earning capabilities, well suited for the trading patterns of our key customers," said DHT’s President & CEO, Svein Moxnes Harfjeld. "We believe this to be a fitting addition to our fleet…

DHT Holdings announced it has entered into agreements to build four very large crude carriers (VLCC) in South Korea for delivery between April and December 2026.Two of the large tankers will be constructed at Hyundai Samho Heavy Industries and the other two at Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering), for an average price of $128.5 million. The contracts include options for an additional four vessels that can be delivered during the first half of 2027.The vessels have been ordered to Super Eco-designs and have carrying capacity of about 320,000 metric tons.

ABS, Gaztransport & Technigaz (GTT) and DHT Holdings, Inc. signed a joint development project (JDP) to optimize a new, very large crude carrier (VLCC) with liquified natural gas (LNG) propulsion that meets Class and statutory requirements.The dual fuel vessel is intended to provide flexibility for operations and to reduce greenhouse gas (GHG) emissions.The agreement—signed at the Gastech 2023 conference in Singapore—will see ABS, GTT and DHT focus on optimizing the VLCC design…

When the maritime history books are written, 2020 will be viewed as a year of pivots, re-invention and new paradigms. By February 2020, concerns about marine fuel’s sulfur content quickly shifted to near-term disruptions induced by the COVID-19 pandemic. By mid-year, with demand recovering, the conversation turned to longer term questions surrounding the moves towards reduced maritime carbon emissions and alternative fuels. How will this all impact the current fleet?Perhaps the most extreme reaction to the shifting landscape is the ongoing “pivot” of Scorpio Bulk (NYSE: SALT)…

Bermuda-based crude oil tanker company announced that  it has entered into a three year time charter with a leading refining company for one of its 2012 built very large crude carriers (VLCC).The charter will commence after the vessel completes a scrubber retrofit in the fourth quarter of this year, said the New York-traded company.The time charter has a base rate of $30,000 per day with all earnings up to $37,500 to DHT following a profit sharing structure that includes scrubber economics for earnings in excess to be shared between the customer and DHT.DHT fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Singapore and Oslo, Norway.

Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.The attacks near Iran and the Strait of Hormuz reignited worries about an impact to flows from the Middle East if insurance companies begin to reduce coverage for voyages through the region and additional shipping companies suspend new bookings, analysts said.Such a disruption "could further exacerbate the supply problem…

Oil tanker owners DHT Holdings and Heidmar have suspended new bookings to the Mid-East Gulf, three ship brokers said, following suspected attacks on two oil tankers in the Gulf of Oman on Thursday.DHT has a large fleet of Very Large Crude Carriers (VLCCs) and Heidmar has a wide range of oil tankers.

VLCC owner DHT Holdings announced that its Co-CEOs have relocated to Singapore. The relocation follows changes in the tax law in Norway from 2019 for tax residency of companies formed outside of Norway.The crude oil tanker company said that the new legislation takes into account the place of daily management as well as the place of management and control on board level. The Company's tax residency will remain unchanged in Bermuda.The Company's office in Singapore will hold senior management, chartering, operations, newbuilding supervision and technical management whereas the Company's office in Norway will retain functions within finance, accounting, investor relations, chartering and operations.DHT's fleet trades internationally and consists of crude oil tankers in the VLCC segments.

Bermuda-based crude oil tanker company DHT Holdings plans to fit exhaust gas cleaning systems on two thirds of its very large crude carriers (VLCCs) to comply with the impending 2020 sulphur cap.The oil tanker owner-operator said that the retrofit program encompass 16 ships built between 2004 and 2012, representing the ships within our fleet that stands to gain the greatest economic benefits. Additionally, the two newbuildings delivered from Hyundai Heavy Industries this year had scrubbers installed, taking the total to 18 out of 27 ships with scrubbers."As we have stated, we are neither for nor against scrubbers, but deem it our responsibility to position DHT as best as we can ahead of the implementation of the new regulations.

The crude oil tanker company operating a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments, DHT Holdings announced that it has secured commitment to a $50 million financing for its earlier publicized scrubber retrofit project, subject to final documentation.The financing is structured through an increase of the existing $300 million secured credit facility entered into in the second quarter of 2017. The increased facility will bear the same interest rate equal to Libor + 2.40%.The increased facility is available immediately and will have quarterly repayments of $2.5 million commencing second quarter 2020, aligned with the implementation of IMO2020 and expected economic benefits.

The crude oil tanker company operating a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments, DHT Holdings has reached agreements to exchange existing convertible notes due 2019.DHT Holdings has entered into separate, privately negotiated exchange agreements with certain holders of its outstanding 4.5% Convertible Senior Notes due 2019  to exchange approximately $67.5 million aggregate principal amount of the Existing Notes for approximately $74.2 million aggregate principal amount of the Company's new 4.5% Convertible Senior Notes due 2021. The Company also announced that it has entered into private placement purchase…

DHT Holdings, Inc. will have exhaust gas cleaning systems, also know as scrubbers, retrofitted on a dozen of its tanker vessels ahead of the IMO Sulphur Cap due to enter force January 1, 2020.The Bermuda headquartered ship owner said it has entered into agreement with manufacturer Alfa Laval to supply the systems and has also secured shipyard capacity to install all systems within 2019.The scrubbers will be installed on very large crude carriers (VLCC) built between 2012 and 2004, “the part of the fleet that stands to achieve the greatest economic benefit,” the ship owner said.“We look at the upcoming IMO Sulphur Cap as an opportunity for DHT rather than a threat. We come well prepared and are very pleased with the timely project we have put in place.

GLOG, NM, NAP down early Fri by ~5 pct, ~8 pct and ~3 pct, respectively. Lead analyst Noah Parquette sees most shipping sectors recovering, notes that dry bulk and LNG shipping have progressed furthest but crude tankers' risk trough could be extended to early 2019 on high scrapping activity and low orders. Meanwhile, the Baltic Exchange Dry Index has dropped by ~18 pct since the beginning of the year.

Shares in crude oil tanker firm Frontline jump 10.5 pct to 34.48 crowns. DNB Markets predicts VLCC spot rates set to increase from $22,000 a day in 2018 to $41,000 a day by 2020. On asset values, DNB sees an 11 percent upside to VLCC resale prices by 2019 and 27 percent upside by 2020. DHT, Euronav, Frontline, Gener8 Maritime and Teekay are all upgrade to buy from hold. Share price target in DHT lifted to $5.2 from $4.0, Euronav to $10.7 from $9.0, Frontline NOK 42 from NOK 33 and Gener8 Maritime to $7.4 from $4.9 and Teekay to $1.8 from $1.5. DNB Markets says tanker stocks with moderate leverage have been unchanged year over year which shows that the downside has been taken out.

Tanker operator Euronav is to buy U.S. rival Gener8 Maritime to create one of the world's top oil shipping fleets, the companies said on Thursday, in an all-stock deal worth an estimated $490 million. Tanker companies have faced tough conditions in recent months, partly due to a glut of ships available for hire, and as a result have been looking for ways to build scale and cut costs. The Euronav deal is the first major M&A transaction since Oslo-listed tanker player Frontline said in June it had abandoned its pursuit of New York-listed rival DHT Holdings . Euronav, headquartered in Belgium, said the deal would create a tanker group with "tangible economies of scale" and an estimated market capitalisation of about $1.8 billion.

The global market for crude oil tankers remains too fragmented and needs consolidation among owners, one of the industry's leading companies said on Wednesday. Oslo-listed Frontline, the oil shipping arm of billionaire investor John Fredriksen, also said the market for crude carriers is expected to remain weak until the second half of 2018. "The tanker market is highly fragmented with many owners who have one or two vessels," Frontline Chief Executive Robert Hvide Macleod told analysts in a conference call.

DHT Holdings, Inc. said it has appointed Susan Reedy to its board of directors as a Class I Director with a term expiring at the company's 2020 annual shareholders meeting. In connection with Reedy's appointment, the company's board has increased to six directors. Reedy’s appointment as a director is in accordance with the Investor Rights Agreement (IRA) entered into between the company and BW Group Limited on April 20, 2017. Pursuant to the IRA, BW Group is entitled to nominate two persons to the company's board. Reedy is the second person to be nominated by BW Group as a director. Reedy has over 17 years of corporate legal experience. She is currently Head of Legal - Special Projects for BW Group and served as Deputy Managing Director & General Counsel of BW Ventures from 2011 to 2016.

Oslo-listed tanker firm Frontline, controlled by shipping tycoon John Fredriksen, reported a deeper than expected second-quarter loss on Wednesday and said markets were likely to remain weak for the next few quarters due to overcapacity. The company reported a loss of $19.4 million for the second quarter, against analysts' expectations for a $17 million deficit, and said it would not pay a dividend. By 0714 GMT Frontline's shares were down 5.6 percent at 40.5 Norwegian crowns ($5.22). "The upcoming quarters may present challenges as vessel supply continues to increase," Frontline said on Wednesday, adding it aims to take advantage of weak markets to buy vessels.