DHT Holdings, Inc. secures one-year time charter for DHT Redwood
DHT Holdings (NYSE:DHT) entered a one-year time charter for the VLCC DHT Redwood at $105,000 per day.
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Rhea-AI Summary
DHT Holdings (NYSE:DHT) entered a one-year time charter for the VLCC DHT Redwood at $105,000 per day. The vessel, built in 2011, is scheduled to commence the charter in March 2026 and the contract was concluded with a global energy company.
Positive
- One-year charter secured at $105,000 per day
- Charter expected to commence March 2026
- Agreement concluded with a global energy company
Negative
- Short-term duration: contract length is one year
- Vessel age: DHT Redwood was built in 2011
Details
News Market Reaction – DHT
On Feb 24, the first trading day after this news, DHT closed 6.67% above the previous close.
Data tracked by StockTitan Argus for the Feb 24 session.
Key Figures
- DHT Redwood charter rate
- $105,000 per day
- One-year time charter commencing March 2026
- Charter duration
- One year
- Time charter agreement for DHT Redwood
- Vessel build year
- 2011
- Build year of VLCC DHT Redwood
- DHT Taiga charter rate
- $94,000 per day
- One-year charter announced Feb 19, 2026
- DHT Opal charter rate
- $90,000 per day
- One-year charter announced Feb 18, 2026
- DHT Bauhinia sale price
- $51.5 million
- Vessel sale agreement announced Jan 30, 2026
- Gain on DHT Bauhinia sale
- $34.2 million
- Expected gain from Bauhinia transaction
- Q4 2025 shipping revenues
- $143.9 million
- Reported in Feb 5, 2026 Form 6-K
Historical Context
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One-year charter for VLCC DHT Taiga at $94,000 per day.
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One-year charter for VLCC DHT Opal at $90,000 per day.
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Reported Q4 2025 results and directed investors to full materials.
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Announced sale of debt‑free DHT Bauhinia for $51.5M with $34.2M gain.
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Set schedule and access details for Q4 2025 earnings release.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
time charter financial
vlcc technical
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HAMILTON, BERMUDA, February 23, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced it has entered into a one-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 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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