Search results for: DHT Holdings

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  • 17 March 2015
    Business & Finance

    Bermuda-headquartered crude oil tanker company DHT Holdings has agreed on charters for four of its tankers, one VLCC, two Aframaxes and one Suezmax. The VLCC DHT Chris has been chartered to an unnamed commodity house for a period of about 10 months from February 2015 at a rate of USD 45,000 per day. The two Aframax vessels, […]

  • 17 August 2018
    Business & Finance

    DHT Holdings agreed to exchange existing convertible notes due 2019 and entered into private placement contracts.

  • 7 March 2017
    Business & Finance

    Crude oil tanker company DHT Holdings has entered into an agreement to sell its oldest very large crude carrier (VLCC), the 1999-built DHT Phoenix. The 307,200 dwt vessel was bought by an undisclosed shipowner for a price of USD 19.1 million, slightly over its market value of USD 18.4 million. DHT Holdings said that it […]

  • 16 May 2017
    Business & Finance

    In a written response to the board of DHT Holdings, John Fredriksen’s tanker operator Frontline has again requested that the company’s board engage in “good faith negotiations” on the earlier proposed business combination between the parties. Additionally, Frontline asked the board of Bermuda-based DHT Holdings to redeem the poison pill and permit the tanker operator to take its offer […]

  • 26 November 2015
    Business & Finance

    Bermuda-based crude oil tanker company DHT Holdings took delivery of a very large crude carrier (VLCC) newbuilding on November 23 from South Korean shipbuilder Hyundai Heavy Industries. The new 299,900 dwt VLCC vessel, named DHT Jaguar, has already entered the spot market. DHT Jaguar is the first of a series of six VLCC newbuildings to be delivered to the company […]

  • 3 May 2016
    Business & Finance

    Bermuda-based crude oil tanker owner and operator DHT Holdings has sold its 2001-built Suezmax DHT Target to an undisclosed buyer for a price of USD 22.5 million, the company said. DHT Holdings said that the move was made in support of its fleet renewal program, and that its final Suezmax vessel, which was sold in April, is expected to […]

  • 14 August 2019
    Business & Finance

    The deal was signed for a period of three years with an undisclosed refining company.

  • 9 February 2017
    Business & Finance

    After the Board of Directors of crude oil tanker firm DHT Holdings rejected Frontline’s proposal earlier in February, John Fredriksen-controlled tanker owner and operator said that its offer was very attractive. “We believe that our offer to DHT shareholders is highly compelling since it provides a meaningful upfront premium, while also giving all shareholders the opportunity […]

  • 9 May 2019
    Business & Finance

    DHT Holdings returned to profitability in the first quarter of this year.

  • 2 November 2018
    Business & Finance

    DHT Holdings extended time-charters for two of its VLCCs to an unnamed oil major.

  • 4 February 2016
    Business & Finance

    Bermuda-based crude oil tanker owner and operator DHT Holdings reported annual net income of USD 105.3 million for 2015, compared to net income of USD 12.9 million in 2014. According to the company, the increase comes as a result of strong fourth quarter results due to a stronger market as well as the delivery of the VLCC […]

  • 9 August 2017
    Business & Finance

    Due to lower tanker rates the crude oil tanker operator DHT Holdings saw a drop in its net income in the second quarter of 2017. DHT Holdings’ net income for the quarter plunged to USD 4.8 million, compared to a net income of USD 35.6 million seen in the same three-month period in 2016. The difference […]

  • 23 January 2014
    Business & Finance

    DHT Holdings, Inc. (DHT) has agreed to acquire two VLCCs built in 2006 and 2007 for a total of $99.0 million. The vessels will be delivered during February 2014. The company will fund the acquisition through a combination of conventional mortgage financing and an acquisition facility. “DHT considers this an attractive addition to its fleet […]

  • 14 November 2017
    Business & Finance

    Crude oil tanker company DHT Holdings has managed to narrow its net loss in the third quarter of 2017 to USD 5 million, compared to a net loss of USD 75.7 million. Shipping revenues for the three-month period ended September 30 reached USD 84.3 million, against shipping revenues of USD 64.8 million reported in the third […]

  • 24 October 2019
    Business & Finance

    DHT Holdings ended the third quarter of this year with a net loss despite posting higher shipping revenues.

  • 24 April 2018
    Business & Finance

    DHT Holdings secures a USD 485 million credit facility for the refinancing of 13 VLCCs.

  • 7 February 2019
    Business & Finance

    DHT Holdings managed to return to the black in the fourth quarter of 2018, as revenues continued rising.

  • 6 February 2018
    Business & Finance

    DHT Holdings delivers a net loss of USD 7.5 million in the fourth quarter of 2017.

  • 10 February 2019
    Business & Finance, Rules & Regulation

    DHT Holdings firm on economics of installing scrubbers as some countries ban use of EGCS in ports and coastal waters.

  • 7 February 2018
    Business & Finance

    Tanker transportation is hit by inventory drawdowns and deliveries of newbuildings.

  • 8 May 2017
    Business & Finance

    Crude oil tanker owner DHT Holdings has once again said no to Frontline, as its Board of Directors unanimously rejected the proposal, submitted on April 25, to acquire all of the outstanding shares of common stock of DHT at a ratio of 0.8 Frontline shares for each DHT share. In a letter to Robert Hvide Macleod, Principal […]

  • 9 January 2014
    Business & Finance

    DHT Holdings, Inc. has declared its option to construct a VLCC at Hyundai Heavy Industries Co., Ltd. (“HHI”) in South Korea with a contract price of $92.7 million, including certain additions and upgrades to the standard specification. The contractual terms are the same as for the two VLCC orders announced in December 2013. Subsequently, the […]