DHT Holdings, Inc. announces the sale of two VLCCs

Core Viewpoint - DHT Holdings, Inc. has announced the sale of two vessels, DHT Lotus and DHT Peony, for a total of $103 million, which aligns with the company's strategy to optimize its fleet profile and respond to market trends [1][2]. Financial Summary - The sale price for the two vessels is $103 million, with expected net cash proceeds of approximately $85 million after repaying existing debt of $15.9 million [1]. - The company anticipates recording gains of $17.5 million in the second quarter and $15.5 million in the third quarter from this transaction [1]. Company Background - DHT Holdings, Inc. operates as an independent crude oil tanker company with a fleet focused on the VLCC segment, trading internationally [2]. - The company emphasizes a prudent capital structure, disciplined capital allocation strategy, and high standards of corporate governance [2].