DHT Holdings announced the acquisition of a 2018-built Very Large Crude Carrier (VLCC) for $107 million, with delivery expected by the end of Q3 2025. The vessel, built at Hyundai Heavy Industries, features an exhaust gas cleaning system and will be financed through available liquidity and projected mortgage debt. The acquisition aims to improve DHT's fleet age profile and efficiency metrics. The VLCC is a sister ship to DHT's 2018-built vessels, offering large carrying capacity and premium earning capabilities. This strategic move replaces earnings capacity from recent fleet divestitures and positions DHT to capitalize on attractive market prospects.
DHT Holdings ha annunciato l'acquisizione di una Very Large Crude Carrier (VLCC) costruita nel 2018 per 107 milioni di dollari, con consegna prevista entro la fine del terzo trimestre 2025. La nave, realizzata presso Hyundai Heavy Industries, 猫 dotata di un sistema di depurazione dei gas di scarico e sar脿 finanziata tramite liquidit脿 disponibile e un previsto finanziamento ipotecario. L'acquisizione mira a migliorare il profilo di et脿 della flotta di DHT e i parametri di efficienza. La VLCC 猫 una nave gemella di quelle costruite da DHT nel 2018, offrendo una grande capacit脿 di carico e capacit脿 di guadagno premium. Questa mossa strategica sostituisce la capacit脿 di guadagno derivante dalle recenti cessioni della flotta e posiziona DHT per sfruttare le prospettive di mercato favorevoli.
DHT Holdings anunci贸 la adquisici贸n de un Very Large Crude Carrier (VLCC) construido en 2018 por 107 millones de d贸lares, con entrega prevista para finales del tercer trimestre de 2025. El buque, construido en Hyundai Heavy Industries, cuenta con un sistema de limpieza de gases de escape y ser谩 financiado mediante liquidez disponible y deuda hipotecaria proyectada. La adquisici贸n busca mejorar el perfil de edad de la flota de DHT y sus m茅tricas de eficiencia. El VLCC es un buque gemelo de los construidos por DHT en 2018, ofreciendo gran capacidad de carga y capacidades de generaci贸n de ingresos premium. Esta estrategia reemplaza la capacidad de ingresos de recientes desinversiones en la flota y posiciona a DHT para aprovechar las atractivas perspectivas del mercado.
DHT Holdings a annonc茅 l'acquisition d'un Very Large Crude Carrier (VLCC) construit en 2018 pour 107 millions de dollars, avec une livraison pr茅vue d'ici la fin du troisi猫me trimestre 2025. Le navire, construit chez Hyundai Heavy Industries, est 茅quip茅 d'un syst猫me de nettoyage des gaz d'茅chappement et sera financ茅 gr芒ce 脿 la liquidit茅 disponible et 脿 un emprunt hypoth茅caire pr茅vu. Cette acquisition vise 脿 am茅liorer le profil d'芒ge de la flotte de DHT ainsi que ses indicateurs d'efficacit茅. Le VLCC est un navire jumeau de ceux construits par DHT en 2018, offrant une grande capacit茅 de transport et des capacit茅s de revenus premium. Cette d茅marche strat茅gique remplace la capacit茅 de revenus issue des r茅centes cessions de flotte et positionne DHT pour tirer parti des perspectives de march茅 attractives.
DHT Holdings hat den Erwerb eines 2018 gebauten Very Large Crude Carrier (VLCC) f眉r 107 Millionen US-Dollar bekannt gegeben, mit einer geplanten Lieferung bis Ende des dritten Quartals 2025. Das bei Hyundai Heavy Industries gebaute Schiff verf眉gt 眉ber ein Abgasreinigungssystem und wird durch verf眉gbare Liquidit盲t sowie geplante Hypothekendarlehen finanziert. Die Akquisition zielt darauf ab, das Altersprofil und die Effizienzkennzahlen der DHT-Flotte zu verbessern. Der VLCC ist ein Schwesterschiff der 2018 von DHT gebauten Schiffe und bietet gro脽e Ladekapazit盲t sowie erstklassige Ertragsm枚glichkeiten. Dieser strategische Schritt ersetzt die Ertragskapazit盲t aus j眉ngsten Flottenver盲u脽erungen und positioniert DHT, um von attraktiven Marktchancen zu profitieren.
Positive
Strategic acquisition of a modern 2018-built VLCC with exhaust gas cleaning system
Vessel acquisition will improve fleet age profile and efficiency metrics
Sister ship to existing fleet vessels, ensuring operational familiarity and efficiency
Replaces earnings capacity from recent divestitures in an attractive market
Negative
Significant capital expenditure of $107 million required for the acquisition
Additional debt burden through projected mortgage financing
HAMILTON, BERMUDA, June 19, 2025 鈥� DHT Holdings, Inc. (NYSE:DHT) (鈥淒HT鈥� or the 鈥淐ompany鈥�)聽today announces that it has entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries (HHI), for $107 million. The vessel is scheduled to deliver towards the end of the third quarter of 2025. The acquisition will be financed through the Company鈥檚 available liquidity and projected mortgage debt.聽The vessel was built to a high specification by its current owner and is fitted with an exhaust gas cleaning system. The acquisition will improve DHT鈥檚 age profile and will further improve the DHT fleet鈥檚 efficiency metrics.聽
DHT鈥檚 President & CEO, Svein Moxnes Harfjeld, comments: 鈥淲e are always looking for opportunities with the intent of improving earnings per share for our shareholders.聽This is a sister of vessels built by us in 2018, a design with large carrying capacity and premium earning capabilities, well suited for the trading patterns of our key customers.聽We believe this to be a fitting addition to our fleet, replacing some of the earnings capacity that has been divested this year, delivering into a market with attractive prospects.鈥澛�
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 wholly owned 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 fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit .
Forward Looking Statements This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company鈥檚 management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as 鈥渂elieve,鈥� 鈥渋ntend,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥減roject,鈥� 鈥渇orecast,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥渨ill,鈥� 鈥渕ay,鈥� 鈥渟hould鈥� and 鈥渆xpect鈥� 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鈥檚 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鈥檚 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鈥檚 Annual Report on Form 20-F, filed with the SEC on March 20, 2025.
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鈥檚 actual results could differ materially from those anticipated in these forward-looking statements.
Contact: Laila C. Halvorsen, CFO Phone: +1 441聽295 1422 and +47 984 39 935 E-mail: [email protected]
FAQ
How much is DHT Holdings paying for the 2018-built VLCC?
DHT Holdings is paying $107 million for the 2018-built VLCC.
When will DHT Holdings take delivery of the new VLCC?
The vessel is scheduled for delivery towards the end of the third quarter of 2025.
How will DHT Holdings finance the VLCC acquisition?
The acquisition will be financed through the company's available liquidity and projected mortgage debt.
What special features does the acquired VLCC have?
The vessel is fitted with an exhaust gas cleaning system and was built to high specifications at Hyundai Heavy Industries.
Why is DHT Holdings acquiring this specific VLCC?
The acquisition aims to improve fleet age profile, enhance efficiency metrics, and replace earnings capacity from recent divestitures while capitalizing on attractive market prospects.
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, to receive support.
