DHT News & Events

DHT Holdings provided a business update. For Q1, the company estimates time charter equivalent 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 $106K per day for Q1. So far in Q2, 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.

DHT Holdings continues its fleet modernization program with two key vessel announcements. The company has taken delivery of the DHT Gazelle, a VLCC newbuilding from Hyundai Samho Heavy Industries. The vessel, which is the third in a series of four deliveries during the first half of 2026, will commence a five- to seven-year time charter contract with a major oil company. In its planned fleet renewal, DHT also confirms the delivery of the DHT China (built 2007) to its new owners. The fourth and final newbuilding in the Antilope-class is expected in June 2026, aligning with the earlier announced sale and scheduled mid-year delivery of the DHT Bauhinia (built 2007). The fully funded state-of-the-art newbuildings enhance the company's earnings power, fleet efficiency, and service offerings.