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Hamilton, Bermuda - April 15, 202
DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today provided the following business update:
For the first quarter of 2026, the Company estimates time charter equivalent ("TCE") earnings for its fleet at $78,800 per day, comprising $91,700 per day for the Company's VLCCs operating in the spot market and $61,300 per day for the Company's VLCCs on time charter. These estimated TCE earnings are based on 1,994 revenue days during the quarter, of which 1,152 days were spot days.
The estimated TCE earnings on a discharge-to-discharge basis for the Company's VLCCs operating in the spot market, i.e. adjusted for the impact of IFRS 15 Revenue from Contracts with Customers, were $106,000 per day for the first quarter of 2026.
Thus far in the second quarter of 2026, approximately 49% of the available spot days have been booked at an average rate of $189,500 per day on a discharge-to-discharge basis. In total, 71% of the available revenue days, including both spot and time-charter days, have been booked at an average rate of $115,400 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.
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 fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit www.dhtankers.com.
DHT Holdings, Inc. press release
