The tanker owner’s profit of $31.5m for the first quarter of 2016, compared to a $23.2m profit in the same period a year earlier.
DHT Holdings has exited the suezmax market selling the 2001-built DHT Target for $22.5m, taking a $8.1m impairment charge on the vessel in Q1 recognising it as an asset for sale.
The company’s VLCCs operating in the spot achieved time charter equivalent earnings of $62,600 per day in the first quarter of 2016.
DHT Holdings took delivery of two VLCC newbuildings in the first quarter and a further three will join its fleet this year and are “expected to contribute significantly to the company’s earnings”.
Including the newbuildings the company has a fleet of 20 VLCCs and two suezmaxes.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.