DHT Holdings Acquires 2018-Built VLCC for $107 Million to Enhance Fleet Efficiency and Age Profile

DHT Holdings acquired a 2018-built VLCC for $107 million, financed through available liquidity and mortgage debt. The acquisition will enhance DHT's fleet efficiency and age profile, and aligns with the company's strategy to improve earnings per share for shareholders. However, the acquisition involves significant capital expenditure and inherent risks associated with forward-looking statements and market conditions.

June 19, 2025

DHT Holdings, Inc. (NYSE: DHT) has announced an agreement to acquire a very large crude carrier (VLCC) built in 2018 at Hyundai Heavy Industries (HHI) for $107 million. The vessel is scheduled to deliver towards the end of the third quarter of 2025. The acquisition will be financed through the company's available liquidity and projected mortgage debt [1].

The acquisition is part of DHT's strategy to enhance its fleet efficiency and improve its age profile. The vessel, built to high specifications and fitted with an exhaust gas cleaning system, will replace some of the earnings capacity lost from divestitures earlier this year. DHT's President & CEO, Svein Moxnes Harfjeld, commented on the acquisition, stating that it aligns with the company's focus on improving earnings per share for shareholders and is well-suited for the trading patterns of their key customers [1].

The acquisition is expected to boost DHT's fleet efficiency metrics and align with the company's disciplined financial strategy. However, it also involves significant capital expenditure and raises concerns about the company's financial stability and leverage. The press release includes forward-looking statements, indicating potential risks and uncertainties regarding future performance [1].

References:
[1] https://www.globenewswire.com/news-release/2025/06/19/3102331/0/en/DHT-Holdings-Inc-announces-agreement-to-acquire-a-2018-built-VLCC.html