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HomeMaritime NewsRegionsAmericasBigger losses in Q2 for DHT Holdings

Bigger losses in Q2 for DHT Holdings

Bigger losses in Q2 for DHT Holdings
New York-listed DHT Holdings reported growing losses in the second quarter with a net loss of $7.7m.

The tanker owner reported revenues of $10.3m in the second quarter down from $12.4m in the first quarter of the year when it lost $3.3m.

The company said the decline in revenues was due to, “to a fleet reduction from 12 to eight vessels and vessels coming off fixed rate charters”.

DHT Holdings took an additional loss $100,000 in the second quarter on the VLCC DHT Regal which it sold for $23m, taking a $600,000 loss on the sale in the first quarter.

The company used $6.4m in net cash for operation activities in the second quarter.

TAGS: Europe Tankers DHT Holdings

 

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