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Hamilton, Bermuda - June 3, 2026
DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today announced it has entered into an agreement with Hanwha Ocean Co., Ltd. for the construction of a new Very Large Crude Carrier (VLCC). The vessel is scheduled for delivery in August 2028.
The vessel will be a sister of the two Hanwha vessels the Company took delivery of in the first quarter of 2026. It will be built to high specifications with premium earning power through advanced fuel economics, reduced emissions and large carrying capacity.
Svein Moxnes Harfjeld, President and Chief Executive Officer of DHT Holdings, Inc., commented:
"We are very pleased with the two newbuildings delivered from Hanwha earlier this year and look forward to adding another vessel to our Antelope Class series through this early delivery opportunity provided by Hanwha." He further stated: "This order reflects our continued focus on maintaining a high-quality, efficient fleet to service our customers while building long-term value for our shareholders."
The project aligns with DHT's disciplined capital allocation strategy, being financed by cash flow from operations, available liquidity, and projected mortgage debt.
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India.
You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance.
For further information please visit www.dhtankers.com.
DHT Holdings, Inc. press release
