DHT Holdings, Inc. announces the sale of two VLCCs
DHT Holdings (NYSE:DHT) announced sale agreements for two VLCCs, DHT China and DHT Europe, for a combined price of $101.6 million.
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Rhea-AI Summary
DHT Holdings (NYSE:DHT) announced sale agreements for two VLCCs, DHT China and DHT Europe, for a combined price of $101.6 million. The vessels, built at Hyundai in 2007, are expected to be delivered to the new owner during Q1 2026. After repayment of existing vessel debt of $5.6 million, the company expects approximately $95.0 million in net cash proceeds. DHT anticipates recording gains of $30.4 million and $29.7 million on the two sales.
Positive
- Net cash proceeds of approximately $95.0 million
- Combined sale price of $101.6 million
- Recognized gains of $30.4M and $29.7M
- Deliveries to new owner expected in Q1 2026
Negative
- Repayment of existing vessel debt of $5.6 million
- Reduction of fleet by two VLCCs (built in 2007)
Details
News Market Reaction – DHT
On Dec 29, the day this news came out, DHT closed 0.65% above the previous close.
Data tracked by StockTitan Argus for the Dec 29 session.
Key Figures
- Combined sale price
- $101.6 million
- Sale of DHT China and DHT Europe VLCCs
- Existing vessel debt
- $5.6 million
- Debt to be repaid on the two vessels
- Net cash proceeds
- $95.0 million
- Expected net cash from transaction after debt repayment
- Gain on sale – DHT China
- $30.4 million
- Company-expected accounting gain on vessel sale
- Gain on sale – DHT Europe
- $29.7 million
- Company-expected accounting gain on vessel sale
- Vessel build year
- 2007
- Both VLCCs built at Hyundai in 2007
- Expected delivery window
- Q1 2026
- Planned delivery of vessels to new owner
- Pre-news share price
- $12.22
- Price prior to December 29, 2025 vessel sale announcement
Historical Context
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Q3 2025 financial results released with full report available to investors.
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Announcement of timing and details for upcoming Q3 2025 earnings call.
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Company statement clarifying exposure to China Ministry of Transport port fee measures.
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CEO Svein Moxnes Harfjeld appointed to Board of Directors, effective immediately.
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Q2 2025 financial results released with full report accessible via company links.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
vlccs technical
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HAMILTON, BERMUDA, December 29, 2025 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces that it has entered into an agreement to sell the DHT China and the DHT Europe for a combined price of
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
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