DHT Holdings, Inc. announces delivery of VLCC newbuilding
Rhea-AI Summary
DHT (NYSE:DHT) has taken delivery of the second VLCC newbuilding, DHT Addax, from Hanwha Ocean and is deploying the vessel into the spot market.
This is the second of four VLCC newbuildings scheduled for delivery in the first half of 2026; the newbuildings are fully funded and the next delivery is planned for late March 2026.
Positive
- Second of four VLCC newbuildings delivered in H1 2026
- DHT Addax entering the spot market immediately
- Newbuildings are reported as fully funded, reducing near-term financing risk
Negative
- None.
News Market Reaction – DHT
On the day this news was published, DHT gained 4.98%, reflecting a moderate positive market reaction. This price movement added approximately $135M to the company's valuation, bringing the market cap to $2.86B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
DHT fell 0.43% while key tanker peers were mixed: TNK -5.52%, LPG -3.92%, NVGS -1.79%, FLNG -0.42%, and GLP +1.55%, pointing to company-specific rather than broad sector-driven trading.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 24 | Board appointment | Neutral | -0.1% | New director with extensive tanker and maritime board experience appointed. |
| Feb 23 | Charter secured | Positive | +6.7% | One-year time charter for VLCC DHT Redwood at $105,000 per day. |
| Feb 19 | Charter secured | Positive | +3.3% | One-year time charter for VLCC DHT Taiga at $94,000 per day. |
| Feb 18 | Charter secured | Positive | +2.5% | One-year time charter for VLCC DHT Opal at $90,000 per day. |
| Feb 04 | Earnings release | Positive | +2.1% | Fourth quarter 2025 results released with full report available to investors. |
Recent operational and earnings updates have generally been followed by positive price reactions, especially VLCC charter announcements.
Over the past month, DHT has reported several VLCC employment wins and solid financials. One-year time charters for DHT Opal, Taiga, and Redwood at daily rates between $90,000 and $105,000 all saw positive next-day moves. Q4 2025 results on Feb 4 also coincided with a gain. A neutral board appointment on Feb 24 had little impact. Today’s VLCC newbuilding delivery fits the pattern of fleet and earnings power expansion news.
Market Pulse Summary
This announcement adds another fully funded VLCC, DHT Addax, to the fleet, entering the spot market and forming the second of four newbuildings delivering in the first half of 2026. It builds on recent high-rate VLCC charters and strong Q4 2025 results, supporting management’s focus on earnings power. Investors may track utilization of the new vessel, spot rate trends, and the timing of the remaining deliveries, including the next ship due in late March 2026.
Key Terms
vlcc technical
spot market financial
AI-generated analysis. Not financial advice.
HAMILTON, BERMUDA, March 6, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces that it has taken delivery of the second VLCC newbuilding from Hanwha Ocean Co., Ltd. The vessel is named DHT Addax and is entering the spot market. It is the second in a series of four VLCC newbuildings to be delivered to the Company during the first half of 2026. The newbuildings are fully funded and will increase the Company’s customer offerings and earnings power. The next newbuilding is scheduled for delivery in late March 2026.
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.
Forward Looking Statements
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company’s Annual Report on Form 20-F, filed with the SEC on March 20, 2025.
The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.
Contact:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
E-mail: lch@dhtankers.com
FAQ
What did DHT (NYSE:DHT) announce on March 6, 2026 about vessel deliveries?
Will the newly delivered DHT Addax begin commercial operations immediately for DHT (DHT)?
How many VLCC newbuildings will DHT (NYSE:DHT) receive in the first half of 2026?
Are the VLCC newbuildings for DHT (DHT) financed and what does the company say about funding?
When is the next VLCC newbuilding delivery scheduled for DHT (NYSE:DHT)?
