DHT Holdings, Inc. Business Update
11 Juli 2024 - 10:15PM
HAMILTON, BERMUDA, July 11, 2024 – DHT Holdings, Inc.
(NYSE:DHT) (“DHT” or the “Company”) today provides the following
business update:
For the second quarter of 2024, the Company estimates time
charter equivalent earnings for its fleet at $49,100 per day,
comprising of $52,700 per day for the Company’s VLCCs operating in
the spot market and $36,400 per day for the Company’s VLCCs on
time-charter. The estimated time charter equivalent earnings are
based on 2,114 revenue days for the second quarter, of which 1,644
days are spot days.
Thus far in the third quarter of 2024, 48% of the available spot
days have been booked at an average rate of $45,600 per day on a
discharge-to-discharge basis. 61% of the available revenue days,
spot and time-charter days combined, have been booked at an average
rate of $42,300 per day.
In the second quarter of 2024, the Company entered into a
one-year time charter contract with a refining company for DHT
Europe, built 2007. The time charter contract has a rate of $49,500
per day and the vessel is intended to trade in the Atlantic basin,
servicing a European refinery.
As previously announced, the Company has entered into agreements
to build four large VLCCs with originally expected delivery between
April and December 2026. The expected delivery has been expedited,
hence increasing revenue days in 2026. We expect the first vessel
to be delivered in February, the second vessel in April, the third
vessel in May and the fourth and final vessel is expected to be
delivered in July 2026.
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.
Forward Looking StatementsThis press release
contains certain forward-looking statements and information
relating to the Company that are based on beliefs of the Company’s
management as well as assumptions, expectations, projections,
intentions and beliefs about future events. When used in this
document, words such as “believe,” “intend,” “anticipate,”
“estimate,” “project,” “forecast,” “plan,” “potential,” “will,”
“may,” “should” and “expect” and similar expressions are intended
to identify forward-looking statements but are not the exclusive
means of identifying such statements. These statements reflect the
Company’s current views with respect to future events and are based
on assumptions and subject to risks and uncertainties. Given these
uncertainties, you should not place undue reliance on these
forward-looking statements. These forward-looking statements
represent the Company’s estimates and assumptions only as of the
date of this press release and are not intended to give any
assurance as to future results. For a detailed discussion of the
risk factors that might cause future results to differ, please
refer to the Company’s Annual Report on Form 20-F, filed with the
SEC on March 20, 2024.
The Company undertakes no obligation to publicly update or
revise any forward-looking statements contained in this press
release, whether as a result of new information, future events or
otherwise, except as required by law. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed
in this press release might not occur, and the Company’s actual
results could differ materially from those anticipated in these
forward-looking statements.
Contact:Laila C. Halvorsen, CFOPhone: +1 441 295 1422 and
+47 984 39 935 E-mail: lch@dhtankers.com
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