DHT Holdings, Inc. secures one-year time charter for DHT Redwood

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

News Market Reaction – DHT

+6.67%

2 alerts

+6.67% News Effect

+$189M Valuation Impact

$3.02B Market Cap

1.5x Rel. Volume

On the day this news was published, DHT gained 6.67%, reflecting a notable positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $189M to the company's valuation, bringing the market cap to $3.02B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

DHT Redwood charter rate: $105,000 per day Charter duration: One year Vessel build year: 2011 +5 more

8 metrics

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

Market Reality Check

Price: $18.68 Vol: Volume 5,045,693 is 1.55x...

high vol

$18.68 Last Close

Volume Volume 5,045,693 is 1.55x the 20-day average of 3,246,748, indicating elevated interest ahead of this charter news. high

Technical Price at $17.45 is above the 200-day MA of $12.33 and matches the 52-week high, reflecting a strong pre-news uptrend.

Peers on Argus

DHT gained 3.32% while peers were mixed: TNK -0.27%, GLP +0.48%, FLNG +1.18%, LP...

DHT gained 3.32% while peers were mixed: TNK -0.27%, GLP +0.48%, FLNG +1.18%, LPG +1.43%, NVGS +2.23%. The move appears more stock-specific than sector-driven.

Historical Context

5 past events · Latest: Feb 19 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 19	Vessel time charter	Positive	-0.5%	One-year charter for VLCC DHT Taiga at $94,000 per day.
Feb 18	Vessel time charter	Positive	+2.5%	One-year charter for VLCC DHT Opal at $90,000 per day.
Feb 04	Earnings release	Neutral	+2.1%	Reported Q4 2025 results and directed investors to full materials.
Jan 30	Vessel sale	Positive	+1.6%	Announced sale of debt‑free DHT Bauhinia for $51.5M with $34.2M gain.
Jan 21	Earnings date	Neutral	+0.0%	Set schedule and access details for Q4 2025 earnings release.

Pattern Detected

Recent vessel charters and asset sales generally saw positive price alignment, with one divergence on charter news.

Recent Company History

Over recent months, DHT has focused on fleet optimization and contract coverage. On Jan 30, 2026, it agreed to sell the debt‑free DHT Bauhinia for $51.5 million with an expected $34.2 million gain. In February, it secured one‑year time charters for DHT Opal and DHT Taiga, locking in fixed daily rates and visibility into 2026 cash flows. Fourth quarter 2025 results and prior announcements support a narrative of active capital allocation and employment strategy, to which today’s DHT Redwood charter directly relates.

Market Pulse Summary

The stock moved +6.7% in the session following this news. A strong positive reaction aligns with a c...

Analysis

The stock moved +6.7% in the session following this news. A strong positive reaction aligns with a company already trading at a 52-week high and above its 200-day MA. Investors previously responded well to vessel sales and some charter announcements, with several past events showing aligned price gains. However, prior divergence on charter news suggests reactions have not been uniformly strong, and elevated expectations could leave the stock sensitive to changes in charter activity or broader tanker market conditions.

Key Terms

time charter, vlcc

2 terms

time charter financial

"entered into a one-year time charter agreement at $105,000 per day"

A time charter is an agreement where a ship owner rents out their vessel to a customer for a set period, during which the customer has control over the ship’s use and operation. This arrangement matters to investors because it provides a steady income stream for the ship owner and indicates ongoing demand for shipping services, reflecting the health of global trade and transportation markets.

vlcc technical

"for the VLCC DHT Redwood, built in 2011."

A VLCC is a very large crude carrier — one of the biggest types of oil tankers used to move crude oil across oceans. Think of it as a giant delivery truck on water that carries millions of gallons of raw oil between producing regions and refineries; changes in how many VLCCs are available or how much it costs to operate them can affect shipping rates, oil supply flows and margins, and therefore the revenues and valuations of energy and shipping companies.

AI-generated analysis. Not financial advice.

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 $105,000 per day for the VLCC DHT Redwood, built in 2011. The contract is expected to commence in March 2026 and has been concluded with a global energy company.

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 are the terms of DHT's one-year charter for DHT Redwood (DHT)?

DHT secured a one-year time charter at $105,000 per day. According to the company, the charter starts in March 2026 and covers the VLCC DHT Redwood built in 2011.

When does the DHT Redwood charter for DHT begin and who is the counterparty?

The charter is expected to commence in March 2026. According to the company, the agreement was concluded with a global energy company.

How long is the charter for DHT Redwood and what does that mean for DHT shareholders?

The charter term is one year, providing near-term contracted revenue. According to the company, the agreement runs from March 2026 for one year at the stated rate.

What daily rate did DHT secure for the VLCC DHT Redwood (DHT)?

DHT secured a daily rate of $105,000 for the one-year charter. According to the company, this rate applies for the contract period beginning in March 2026.

What are the key vessel details for DHT Redwood mentioned by DHT (NYSE:DHT)?

DHT Redwood is a VLCC built in 2011 and will operate under the one-year charter. According to the company, the contract was agreed with a global energy company and starts March 2026.