DHT Adds Newbuild, Offloads Suezmax

New York-listed tanker owner DHT Holdings, Inc. has taken delivery today of a VLCC newbuilding from South Korean shipbuilder Hyundai Heavy Industries.

The vessel is named DHT Leopard and is entering the spot market. It is the second of a series of six VLCC newbuildings to be delivered to the company from November 2015 to October 2016.

DHT Holdings said that the newbuildings are all fully funded and are expected to contribute greatly to the company’s earnings power. The next newbuilding is scheduled to deliver early April 2016.

In a separate announcement, DHT said that on December 30, 2015, it sold the DHT Trader, a 2000 built Suezmax for USD 26.5 million.

As informed, the entire net proceeds are applied to repay debt under the RBS facility and are in support of the company’s announced capital allocation policy. The company said that the sale will result in a loss of USD 0.8 million, which will be recorded in the fourth quarter 2015.

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