DHT Holdings, Inc. secures one-year time charter for DHT Taiga
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.
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
Key Figures
Market Reality Check
Peers on Argus
DHT slipped 0.54% while only one peer (TNK) appeared in momentum scanning, up 1.19%. Other listed peers showed small mixed moves, indicating this news is more stock-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 18 | Charter agreement | Positive | +2.5% | One-year time charter for VLCC DHT Opal at $90,000 per day. |
| Feb 04 | Earnings release | Positive | +2.1% | Fourth quarter 2025 financial results publication and disclosures. |
| Jan 30 | Asset sale | Positive | +1.6% | Sale of debt-free VLCC DHT Bauhinia with expected $34.2M gain. |
| Jan 21 | Earnings date notice | Neutral | +0.0% | Announcement of timing for Q4 2025 results and conference call. |
| Jan 14 | Business update | Positive | -3.2% | Update on Q4 2025 TCE earnings, booked days, and charter extension. |
Recent news, including vessel sales and charters, has generally seen positive price reactions, with one notable negative move on a business update.
Over the past months, DHT has reported multiple operational updates. A recent one-year charter for DHT Opal and the announced sale of DHT Bauhinia at $51.5M both saw positive price reactions. Earnings and business updates highlighted strong VLCC earnings and forward charter coverage. Today’s DHT Taiga charter at $94,000/day extends that pattern of locking in tonnage at attractive rates, adding to previously disclosed coverage for 2026.
Market Pulse Summary
This announcement adds another fixed-rate contract with a one-year charter for DHT Taiga at $94,000/day, commencing in March 2026. It follows prior updates on charters, asset sales, and strong 2025 earnings, reinforcing visibility on VLCC utilization. Investors may track how additional vessels are employed, upcoming delivery schedules, and broader tanker rate trends to assess how this incremental coverage fits into DHT’s evolving earnings profile.
Key Terms
time charter financial
vlcc technical
AI-generated analysis. Not financial advice.
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
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 key terms of DHT's one-year charter for DHT Taiga (DHT)?
When does the DHT Taiga time charter for DHT begin and who is the counterparty?
How long will DHT Taiga be employed under the new DHT charter and what rate applies?
Does the DHT Taiga charter materially change DHT's fleet utilization for 2026?
What does the $94,000 per day rate mean for DHT shareholders in the near term?
