HAMILTON, BERMUDA, January 14, 2025 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today provides the following business update:
For the fourth quarter of 2024, the Company estimates equivalent timecard earnings for its fleet at $38,800 per day, consisting of $38,200 per day for the Company’s VLCCs operating in the spot market and $40,500 per day for VLCCs of the Company with a time limit. Estimated equivalent timecard earnings are based on 2,206 revenue days for the fourth quarter, of which 1,619 days are spot days.
For the full year 2024, the Company estimates charter equivalent revenue for its fleet to be $45,200 per day, consisting of $47,200 per day for the Company’s VLCCs operating in the spot market and $38,900 per day for VLCC- of of the Company with time limit. Estimated equivalent timecard earnings are based on 8,595 revenue days for 2024, of which 6,520 days are spot days.
So far in the first quarter of 2025, 51% of available spot days have been booked at an average rate of $31,400 per day on a discharge-to-discharge basis. 65% of available revenue days, combined day and card days, are booked at an average rate of $35,800 per day.
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore and India. You may recognize us from our well-known business approach as an experienced organization with a focus on first-rate operations and customer service; our quality ships; our prudent capital structure that promotes sustainable strength over business cycles; our mix of market exposure and fixed income contracts for our fleet; our counter-cyclical philosophy regarding investments, our fleet employment and capital allocation; and our transparent corporate structure while maintaining a high level of integrity and good governance. For more information, please visit www.dhtankers.com.
Forward-Looking Statements
This press release contains certain forward-looking statements and information about the Company that are based on the beliefs of the Company’s management, as well as assumptions, expectations, predictions, intentions and beliefs about future events. When used in this document, words such as “believe”, “aim”, “anticipate”, “estimate”, “project”, “anticipate”, “plan”, “potential”, “will”, “may”, “should” and “expect” and similar expressions are intended to identify forward-looking statements, but are not exclusive means of identifying such statements. These statements reflect the Company’s current views regarding future events and are based on assumptions and i SUBJECT risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to provide any assurance of results. For a detailed discussion of risk factors that could cause changes in future results, please refer to the Company’s Annual Report on Form 20-F, filed on SEC on March 20, 2024.
The Company does not undertake to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the future events discussed in this press release may not occur and the Company’s actual results may differ materially from those anticipated in these forward-looking statements.
Contact:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
Email: lch@dhtankers.com
