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Hamilton, Bermuda - October 9, 2024
DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today provides the following business update:
For the third quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $42,400 per day, comprising of $43,700 per day for the Company's VLCCs operating in the spot market and $38,800 per day for the Company's VLCCs on time-charter.
The estimated time charter equivalent earnings are based on 2,184 revenue days for the third quarter, of which 1,622 days are spot days.
Thus far in the fourth quarter of 2024, 32% of the available spot days have been booked at an average rate of $37,000 per day on a discharge-to-discharge basis. 50% of the available revenue days, spot and time-charter days combined, have been booked at an average rate of $39,200 per day.
In the third quarter of 2024, the Company entered into a one-year time charter contract for DHT Lion, built 2016. The time charter contract has a rate of $55,000 per day.
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India.
You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet, and capital allocation; and our transparent corporate structure maintaining a high level of integrity and good governance. For further information please visit www.dhtankers.com.
DHT Holdings, Inc. press release
