DHT Holdings, Inc. Strategic Fleet Update
DHT Holdings (NYSE:DHT) announced continued fleet modernization with delivery of the DHT Gazelle, a VLCC newbuilding from Hyundai Samho Heavy Industries, and transfer of the DHT China (built 2007) to new owners on March 30, 2026.
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Rhea-AI Summary
DHT Holdings (NYSE:DHT) announced continued fleet modernization with delivery of the DHT Gazelle, a VLCC newbuilding from Hyundai Samho Heavy Industries, and transfer of the DHT China (built 2007) to new owners on March 30, 2026.
The Gazelle is the third of four Antilope‑class deliveries scheduled in H1 2026 and will begin a 5–7 year time charter with a major oil company. A fourth newbuilding is expected in June 2026; the company says the fully funded newbuildings improve earnings power, fleet efficiency, and service offerings.
Positive
- Delivery: Third of four newbuildings delivered in H1 2026
- Charter: DHT Gazelle to commence a 5–7 year time charter with a major oil company
- Fleet renewal: Older vessel DHT China (built 2007) delivered to new owners
- Funding: Newbuildings described as fully funded, reducing financing uncertainty
Negative
- None.
Details
News Market Reaction – DHT
On Mar 30, the day this news came out, DHT closed 0.94% below the previous close.
Data tracked by StockTitan Argus for the Mar 30 session.
Key Figures
- Newbuild deliveries
- 4 VLCC newbuildings
- Series of four deliveries during first half of 2026
- Gazelle delivery order
- 3rd in series of 4
- DHT Gazelle VLCC newbuilding from Hyundai Samho
- Time charter length
- 5–7 years
- DHT Gazelle contract with a major oil company
- DHT China build year
- 2007
- DHT China delivered to new owners as part of fleet renewal
- DHT Bauhinia build year
- 2007
- Sale and scheduled mid-year delivery aligned with final newbuilding
- Final newbuilding timing
- June 2026
- Fourth and final Antilope-class VLCC expected delivery
Historical Context
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Filed 2025 Form 20-F with audited financial statements and disclosures.
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Took delivery of DHT Addax, second fully funded VLCC newbuilding.
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Appointed Erik Bartnes to Board, adding tanker industry experience.
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Secured one-year time charter for DHT Redwood at $105,000 per day.
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Secured one-year time charter for DHT Taiga at $94,000 per day.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
vlcc technical
time charter financial
newbuilding technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
HAMILTON, BERMUDA, March 30, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) continues its fleet modernization program with two key vessel announcements today.
The Company has taken delivery of the DHT Gazelle, a VLCC newbuilding from Hyundai Samho Heavy Industries. The vessel, which is the third in a series of four deliveries during the first half of 2026, will commence a five- to seven-year time charter contract with a major oil company.
In its planned fleet renewal, DHT also confirms the delivery of the DHT China (built 2007) to its new owners today.
The fourth and final newbuilding in the Antilope-class is expected in June 2026, aligning with the earlier announced sale and scheduled mid-year delivery of the DHT Bauhinia (built 2007).
The fully funded state-of-the-art newbuildings enhance the Company’s earnings power, fleet efficiency, and service offerings.
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
FAQ
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