DHT Holdings, Inc. announces agreement to acquire a 2018 built VLCC

Core Viewpoint - DHT Holdings, Inc. has announced the acquisition of a VLCC built in 2018 for $107 million, aimed at enhancing the efficiency and age profile of its fleet [1][2]. Company Overview - DHT is an independent crude oil tanker company operating internationally with a fleet focused on the VLCC segment [3]. - The company emphasizes a strong operational approach, quality ships, prudent capital structure, and disciplined capital allocation strategies [3]. Acquisition Details - The acquired vessel is scheduled for delivery towards the end of Q3 2025 and will be financed through available liquidity and projected mortgage debt [1]. - The vessel features an exhaust gas cleaning system and is expected to improve DHT's fleet efficiency metrics [1]. Strategic Intent - The acquisition is part of DHT's strategy to improve earnings per share for shareholders and replace earnings capacity that has been divested earlier in the year [2]. - The new vessel is designed for large carrying capacity and premium earning capabilities, aligning with the trading patterns of key customers [2].