DHT Holdings, Inc. Announces VLCC Newbuilding with Hanwha Ocean for delivery in August 2028
Rhea-AI Summary
DHT (NYSE:DHT) agreed with Hanwha Ocean to build a new Very Large Crude Carrier, scheduled for delivery in August 2028. The VLCC will be a sister ship to two Hanwha-built vessels delivered in Q1 2026 and join DHT’s Antelope Class series.
The vessel is designed for advanced fuel economics, reduced emissions and large carrying capacity, aiming for premium earning potential. The project aligns with DHT’s capital allocation strategy and will be financed through cash flow from operations, available liquidity and projected mortgage debt.
Positive
- New VLCC order adds to Antelope Class fleet with August 2028 delivery
- High-spec design targets fuel efficiency, reduced emissions and premium earning power
- Financing plan uses cash flow from operations and available liquidity
Negative
- Project financing also depends on projected mortgage debt
- New vessel will not enter service until August 2028
News Market Reaction – DHT
In the Jun 4 session, DHT declined 0.92%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 05 | Q1 2026 earnings | Neutral | -0.8% | Reported first-quarter 2026 financial results and provided full report access. |
| Apr 21 | Earnings date set | Neutral | -2.4% | Announced timing and access details for Q1 2026 earnings release and call. |
| Apr 15 | Tanker earnings update | Positive | +2.8% | Provided Q1 2026 business update with strong VLCC TCE and booking levels. |
| Mar 30 | Fleet modernization | Positive | -0.9% | Announced new Antelope-class VLCC delivery and sale of older vessel to new owners. |
| Mar 19 | Annual report filed | Neutral | -3.3% | Filed 2025 Form 20-F with audited financials and company overview. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent DHT news often saw modest or negative price reactions, even around earnings and fleet updates, with one notable positive reaction to a strong TCE business update.
Over the past few months, DHT has focused on fleet modernization and operational performance. A Mar 30 strategic fleet update on Antelope-class deliveries and vessel sales coincided with a small price decline, while an Apr 15 business update detailing strong VLCC TCEs saw a 2.79% gain. Formal filings like the Mar 19 Form 20-F and May 5 Q1 2026 earnings release drew mild negative reactions. Today’s VLCC newbuilding order continues the modernization theme.
Key Terms
very large crude carrier (vlcc) technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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 19, 2026.
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
