DHT Holdings Enters Firm Contract for Three VLCC Newbuildings

DHT Holdings, Inc. said on Friday that, with regards to the letter of intent announced on January 31, 2014, it has entered into firm contracts to construct three VLCCs at Hyundai Heavy Industries Co., Ltd. (“HHI”) in South Korea.

The contract price is $97.3 million for each vessel, including $2.3 million in additions and upgrades to the standard specification.

Subsequently, the company’s orderbook consist of six VLCCs ordered at HHI that are scheduled for delivery in April, July, two in September, October and November 2016.

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DHT Holdings, February 16, 2014