Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By


DHT Holdings

Headquartered in Bermuda and managed from Norway, DHT owned 29 crude carriers with a total capacity of 8.6m dwt as of end-August—including 26 VLCCs.

DHT was originally formed and listed on the NYSE in 2005. Most of its vessels are managed by Goodwood Ship Management, a Singapore-based ship management firm of which it owns 50%.


Recent performance


Co-Chief Executive Officers: Svein Moxnes Harfjeld, Trygve P. Munthe

View fleet data | View share price


Recent performance

DHT posted second-quarter losses amid distressed earning levels for VLCCs in the period.

The company recorded a net loss of $28.2m in April-June, largely in line with the street consensus. By comparison, it posted a net profit of $4.8m during the year-ago period.

While shipping revenues fell to $67.2m from $86.3m, DHT reported only a 9.1% year-on-year gain in operating expenses to $79.4m.

The company’s VLCC fleet achieved average daily earnings of $14,700 per vessel in the second quarter, as those in spot trading earned $11,900 per day and those on time charters earned $22,000 per day.

Those earnings were much lower than the VLCC fleet’s average daily earnings of $27,700 during the same period of 2017, when those in spot trading recorded $23,500 per day and those on time charters achieved $37,000.

However, DHT said in a quarterly report that it had booked 60% of the available VLCC spot days in the third quarter at an average rate of $21,100 per day as of early August.

DHT has declared a cash dividend of $0.02 per share for the second quarter, the same as the previous quarter.

Latest From DHT

DHT sees weaker VLCC rates ahead

Even in a weaker market, the US-listed company would generate cash because its breakeven level is low

Tankers and Gas DHT

DHT saves $14.6m by using scrubbers

So far this quarter, 58% of the available spot days have been booked at an average rate of $81,600 per day on a discharge-to-discharge basis

Tankers and Gas Bunkers

BW Group plans to sell stake in DHT

DHT expects closure of the offer for 10% of its shares to happen around November 21

BW firms DHT

DHT to postpone scrubber fittings given tanker spot market bull run

Company executives say that the highest rate it achieved during the recent market frenzy was $190,000 per day

Tankers and Gas DHT

DHT to install scrubbers on 12 of its very large crude carriers

The tanker giant will have 12 VLCCs built between 2004 and 2012, as well as two newbuilding, installed with scrubbers

Europe Norway

DHT appoints new chief financial officer

Laila Halvorsen has served as chief controller and accountant since 2014 after 17 years with Western Bulk

Norway Tankers and Gas
See All