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

DHT (NYSE:DHT) entered a one-year time charter for the VLCC DHT Taiga at $94,000 per day.

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

DHT (NYSE:DHT) entered a one-year time charter for the VLCC DHT Taiga at $94,000 per day. The vessel, built in 2012, is scheduled to commence the contract in March 2026 and the charter counterparty is described as a global energy company.

This secures near-term employment for DHT Taiga and provides a defined cash rate for the one-year period commencing March 2026.

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Positive

  • One-year time charter secured at $94,000/day
  • Charter concluded with a global energy company

Negative

  • Charter term limited to one year, offering short-term coverage
  • Vessel age: built 2012, indicating an older asset
Argus Feb 20 session
+3.32% close to close Open Argus
Details

News Market Reaction – DHT

On Feb 20, the first trading day after this news, DHT closed 3.32% above the previous close.

Data tracked by StockTitan Argus for the Feb 20 session.

Key Figures

Charter rate: $94,000 per day Charter term: One year Vessel build year: 2012 +1 more
Charter rate
$94,000 per day
One-year time charter for VLCC DHT Taiga
Charter term
One year
Duration of DHT Taiga time charter
Vessel build year
2012
Construction year of VLCC DHT Taiga
Charter start
March 2026
Expected commencement of DHT Taiga charter

Historical Context

5 past events · Latest: Feb 18
5 events
  1. Feb 18

    Charter agreement

    24h Move
    +2.5%

    One-year time charter for VLCC DHT Opal at $90,000 per day.

  2. Feb 04

    Earnings release

    24h Move
    +2.1%

    Fourth quarter 2025 financial results publication and disclosures.

  3. Jan 30

    Asset sale

    24h Move
    +1.6%

    Sale of debt-free VLCC DHT Bauhinia with expected $34.2M gain.

  4. Jan 21

    Earnings date notice

    24h Move
    +0.0%

    Announcement of timing for Q4 2025 results and conference call.

  5. Jan 14

    Business update

    24h Move
    -3.2%

    Update on Q4 2025 TCE earnings, booked days, and charter extension.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

time charter, vlcc
2 terms
time charter financial
"announced it has entered into a one-year time charter agreement at $94,000 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
"at $94,000 per day for the VLCC DHT Taiga, built in 2012."
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. How Rhea-AI works. Not financial advice.

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

HAMILTON, BERMUDA, February 19, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announced it has entered into a one-year time charter agreement at $94,000 per day for the VLCC DHT Taiga, built in 2012. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the key terms of DHT's one-year charter for DHT Taiga (DHT)?

The contract is a one-year time charter at $94,000 per day. According to the company, it commences in March 2026 and covers the VLCC DHT Taiga built in 2012 with a global energy company as charterer.

When does the DHT Taiga time 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 and will run for one year at $94,000/day.

How long will DHT Taiga be employed under the new DHT charter and what rate applies?

DHT Taiga is contracted for one year at a daily rate of $94,000. According to the company, the employment secures near-term cash flow beginning March 2026.

Does the DHT Taiga charter materially change DHT's fleet utilization for 2026?

It secures employment for DHT Taiga for one year beginning March 2026, improving utilization for that asset. According to the company, the charter provides a defined daily rate but only covers the vessel for one year.

What does the $94,000 per day rate mean for DHT shareholders in the near term?

The rate locks in a high daily revenue stream for DHT Taiga for one year starting March 2026. According to the company, this provides short-term revenue visibility for that specific VLCC during the charter period.

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