DHT Takes Delivery of VLCC DHT Lion

Bermuda-headquartered crude oil tanker company, DHT Holdings, has taken delivery of a very large crude carrier (VLCC) newbuilding from South Korean shipbuilder Hyundai Heavy Industries. 

The 299,900 dwt vessel is named DHT Lion and is entering the spot market. It is the third of a series of six VLCC newbuildings to be delivered to the company from November 2015 to October 2016. The crude oil tanker with a gross tonnage of 154,000 t is sailing under the flag of Hong Kong.

“The newbuildings are all fully funded and are expected to contribute greatly to the company’s earnings power,” DHT Holdings reported.

DHT reported in February annual net income of USD 105.3 million for 2015, compared to net income of USD 12.9 million in 2014, due to a stronger market as well as the delivery of the VLCC DHT Jaguar.

The company has a fleet of 17 VLCCs, 1 Suezmax, 2 Aframaxes and 3 newbuildings. The next newbuild is scheduled to be delivered in July 2016.