DHT finances four VLCCs
DHT Holdings has secured debt financing for four of its new buildings VLCCs on order at Hyundai Heavy Industries (HHI).
May 21, 2014
The financing covers about 50% of the vessels' pricetags, with total debt service cost of around $11,100 per vessel day, subject to LIBOR rates.
"DHT is experiencing strong interest and support from the ship lending community," commented DHT. "The banks appreciate our focus on moderate leverage and cash break-even levels and have responded with competitive pricing and terms. Through these facilities, we are very pleased to have expanded our banking universe by adding ABN Amro, Nordea and Danish Ship Finance to our group of relationship banks."
DHT has six VLCCs on order at HHI with an average price of $95.5m, with delivery dates from November 2015 through to october 2016.
About the Author
You May Also Like