DHT orders four VLCCs at Hyundai Samho and Hanwha Ocean

In another sign of the resurgence in VLCC newbuilding orders has ordered four, 320,000 dwt, tankers split equally between Hyundai Samho Heavy Industries and Hanwha Ocean at an average price of $128.5 million.

The vessels are due for delivery between April and December 2026 early delivery dates considering most large dock capacity at major shipyards is full through to 2027.

President & CEO, Svein Moxnes Harfjeld, stated: “We have secured very early and competitive delivery slots to build the most efficient ships and of the highest quality the market has to offer.”

The newbuldings will be scrubber fitted and hold class ready notations for multiple fuels.

The VLCC fleet has seen very low ordering levels in recent year reducing the current orderbook to less than 3% of the existing fleet, however, newbuild contracting has started to return in recent months.

NYSE-listed DHT plans to finance the newbuildings from operational cashflows, available liquidity, and new mortgage debt.