DHT Holdings, Inc. Business Update
Rhea-AI Summary
DHT Holdings (NYSE:DHT) issued a business update for 2026. For the second quarter of 2026, the company estimates fleet-wide time charter equivalent (TCE) earnings of $126,700 per day, including $162,600 per day for VLCCs in the spot market and $90,800 per day for VLCCs on time charter, based on 2,012 revenue days, of which 1,007 were spot days.
For the third quarter of 2026 to date, about 48% of available spot days are booked at an average of $139,700 per day, and 74% of total available revenue days are booked at an average rate of $94,300 per day. In July, DHT entered a 3-year time charter at $75,000 per day for the VLCC DHT Jaguar, built in 2015, expected to commence in September 2026 with a global energy company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Q2 2026 estimated fleet TCE $126,700 per day on 2,012 revenue days
- Q2 2026 spot VLCC TCE $162,600 per day on 1,007 spot days
- Q3 2026 spot coverage 48% of available days at $139,700 per day
- Q3 2026 total coverage 74% of available revenue days at $94,300 per day
- DHT Jaguar charter 3-year VLCC time charter at $75,000 per day from September 2026
Negative
- Q3 2026 booked average TCE of $94,300 per day vs Q2 2026 estimated fleet TCE of $126,700 per day
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 29 | Fleet upgrade update | Neutral | -3.2% | Announced VLCC upgrade plan and related charter management adjustments across the fleet. |
| Jun 22 | Annual meeting results | Neutral | +3.8% | Reported 2026 shareholder meeting outcomes and auditor ratification vote results. |
| Jun 04 | Credit facility announcement | Neutral | -0.9% | Entered new $250 million reducing revolving credit facility to enhance liquidity. |
| Jun 03 | Newbuilding order | Neutral | -0.9% | Ordered new VLCC from Hanwha Ocean for delivery in August 2028. |
| May 05 | 1Q26 earnings report | Neutral | -0.8% | Released first quarter 2026 financial results and detailed report availability. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news over the past few months has led to modest single-digit moves in both directions, with no clear pattern of consistently positive or negative reactions.
Key Terms
time charter equivalent financial
time charter financial
spot market financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
HAMILTON, BERMUDA, July 13, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today provides the following business update:
For the second quarter of 2026, the Company estimates time charter equivalent (“TCE”) earnings for its fleet at
Thus far in the third quarter of 2026, approximately
In July, the Company entered into a 3-year time charter agreement at
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
