Welcome to our dedicated page for Dht Holdings news (Ticker: DHT), a resource for investors and traders seeking the latest updates and insights on Dht Holdings stock.
DHT Holdings Inc. (DHT) maintains a leading position in global crude oil transportation through its fleet of VLCCs (Very Large Crude Carriers). This page serves as the definitive source for corporate news and operational updates from the maritime logistics specialist, offering investors and industry observers direct access to essential developments.
Discover official announcements covering earnings results, fleet expansion initiatives, and strategic partnerships. Our curated collection provides insights into DHT's balanced approach to time charter contracts and spot market engagements, critical to understanding its market-responsive business model.
Stay informed about operational milestones across DHT's international hubs in Monaco, Singapore, and Norway. The company's focus on corporate governance and environmental compliance in maritime operations is reflected through transparent disclosures and management commentary.
Bookmark this page for streamlined access to DHT's financial communications and market positioning updates. Regular monitoring ensures you remain current with developments impacting one of the VLCC sector's most strategically managed operators.
DHT Holdings, Inc. (NYSE:DHT) reported its financial results for Q3 2020, emphasizing its commitment to prudent capital structure and operational excellence. The company manages a fleet of VLCC crude oil tankers, with operations in Monaco, Singapore, and Oslo. Key focus areas include dividend plans, charter rates, and vessel utilization affected by market dynamics. Despite uncertainties affecting future projections, DHT's robust cash break-even levels support its resilience amid market fluctuations.
DHT Holdings, Inc. (NYSE: DHT) will announce its third quarter 2020 results post-market on November 9, 2020. A conference call and webcast are scheduled for November 10, 2020, at 8:00 a.m. EST, featuring a slide presentation to discuss the quarterly results. Interested parties can join the call by dialing the specified numbers or via the webcast link provided. Additionally, an audio replay will be accessible until November 17, 2020. The company, specializing in VLCC crude oil tankers, operates globally with a focus on operational excellence and sound governance.
DHT Holdings announced a significant conversion of its 4.5% Convertible Senior Notes due 2021. Holders of $124,999,000 of these Securities opted to convert them into 23,377,397 shares of Common Stock at a price of $5.3470 per share. This conversion increases the total outstanding shares from 147,420,931 to 170,798,328, reflecting a conversion rate of approximately 187.0208 shares per $1,000 of Securities. This move may impact the company’s capital structure and shareholder value significantly.
DHT Holdings reported its financial results for Q2 2020, ending June 30. The company is a leader in the crude oil tanker sector, operating VLCCs internationally. Despite the global challenges posed by the pandemic, DHT maintains a focus on operational excellence and customer satisfaction. The management highlighted their prudent capital structure and robust cash flow, which positions the company well for future market fluctuations.
The full report is accessible here.
DHT Holdings, Inc. will announce its Q2 2020 results after market close on August 10, 2020. A conference call and webcast will occur on August 11, 2020, at 8:00 a.m. EST to discuss the results. Investors can join the conference call via different phone numbers based on their location. An audio replay will be available until August 18, 2020. DHT operates as an independent crude oil tanker company, focusing on quality operations, prudent capital structure, and a transparent corporate structure.
DHT Holdings, Inc. (NYSE: DHT) announced its intention to redeem all outstanding 4.5% Convertible Senior Notes due 2021 on August 21, 2020. This redemption will occur at 100% of the principal amount plus accrued interest. Holders may convert their notes into common stock at a rate of 187.0208 shares per $1,000 principal until August 20, 2020. Detailed terms are provided in the notice sent to note holders. The company emphasizes this announcement is not an offer to buy or sell securities.
DHT Holdings announced significant updates on June 25, 2020. The time-charter for DHT Scandinavia has been cancelled due to delays, while DHT Stallion secured a two-year charter at $41,800 per day. The average base rate across ten charters stands at $50,673 per day. The company pre-paid $59.2 million in loan installments and estimates that its spot ships need to earn $2,800 per day for H2 2020 and $11,400 for 2021 to cover cash costs. Currently, DHT has covered 97% of 2Q 2020 spot days at an average rate of $90,100.
DHT Holdings, Inc. held its 2020 Annual Meeting of Shareholders virtually on June 18, 2020. During the meeting, shareholders elected Jeremy Kramer as Class I Director for a three-year term and ratified Deloitte AS as the independent registered public accounting firm for the fiscal year ending December 31, 2020. DHT operates as an independent crude oil tanker company with a fleet focusing on the VLCC segment and maintains a commitment to high operational standards and prudent capital management.
DHT Holdings, Inc. announced an adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2021, effective May 18, 2020. The conversion price has been revised from $5.6468 per share to $5.3470 per share following the declaration of a cash dividend of $0.35 per share, to be paid on May 26, 2020. Shareholders of record as of May 19, 2020, will receive the dividend. This adjustment results in approximately 187.0208 shares of common stock per $1,000 principal amount of Notes. Further details are available on DHT's website.
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