Core Viewpoint - DHT Holdings, Inc. is addressing the recent announcement by the Ministry of Transport in China regarding special port fees for US-linked vessels, emphasizing that its fleet is structured to minimize US ownership influence [1]. Company Structure - Each vessel in DHT's fleet is owned by a non-U.S. entity, built in a non-U.S. jurisdiction, does not fly the U.S. flag, and is managed from locations in Monaco, Norway, Singapore, and India [2]. - DHT is incorporated in the Marshall Islands and headquartered in Bermuda, with management functions distributed across Monaco, Norway, and Singapore [2]. Shareholder Composition - The company has a broad shareholder base, with U.S. nationals representing only 20% of the Board of Directors [2]. - DHT is not aware of any U.S. shareholders or groups controlling 25% or more of its shares, although two U.S. entities hold more than 5% of shares, Dimensional Fund Advisors LP (approximately 7.2%) and FMR LLC (approximately 15.1%) [4]. Business Operations - DHT operates as an independent crude oil tanker company with a fleet focused on the VLCC segment, emphasizing quality operations and customer service [5]. - The company maintains a prudent capital structure and a disciplined capital allocation strategy, which includes cash dividends, vessel investments, debt prepayments, and share buybacks [5].
DHT Statement Relating to October 10, 2025 China Ministry of Transport Announcement