DHT Holdings, Inc. announces the sale of two VLCCs
DHT Holdings (NYSE:DHT) has announced the sale of two VLCCs, the DHT Lotus and DHT Peony, for a combined price of $103 million. Both vessels, built in 2011 at Bohai Shipbuilding Heavy Industry Co, China, were originally acquired in 2017 as part of BW Group's VLCC fleet acquisition for $115.8 million.
The vessels are scheduled for delivery to the new owner in April and July. After repaying existing debt of $15.9 million, the transaction will generate net cash proceeds of approximately $85.0 million. The company expects to record gains of $17.5 million and $15.5 million in the second and third quarters respectively.
DHT Holdings (NYSE:DHT) ha annunciato la vendita di due VLCC, la DHT Lotus e la DHT Peony, per un prezzo complessivo di 103 milioni di dollari. Entrambe le navi, costruite nel 2011 presso Bohai Shipbuilding Heavy Industry Co, in Cina, erano state acquistate nel 2017 come parte dell'acquisizione della flotta VLCC del BW Group per 115,8 milioni di dollari.
Le navi saranno consegnate al nuovo proprietario rispettivamente in aprile e luglio. Dopo il rimborso di un debito esistente di 15,9 milioni di dollari, l'operazione genererà proventi netti in contanti di circa 85,0 milioni di dollari. La società prevede di registrare utili di 17,5 milioni e 15,5 milioni di dollari nel secondo e terzo trimestre rispettivamente.
DHT Holdings (NYSE:DHT) ha anunciado la venta de dos VLCC, el DHT Lotus y el DHT Peony, por un precio combinado de 103 millones de dólares. Ambos buques, construidos en 2011 en Bohai Shipbuilding Heavy Industry Co, China, fueron adquiridos originalmente en 2017 como parte de la adquisición de la flota VLCC de BW Group por 115,8 millones de dólares.
Los buques están programados para ser entregados al nuevo propietario en abril y julio. Tras pagar una deuda existente de 15,9 millones de dólares, la operación generará ingresos netos en efectivo de aproximadamente 85,0 millones de dólares. La compañía espera registrar ganancias de 17,5 millones y 15,5 millones en el segundo y tercer trimestre, respectivamente.
DHT Holdings (NYSE:DHT)는 두 척의 VLCC 선박인 DHT Lotus와 DHT Peony를 총 1억 300만 달러에 매각했다고 발표했습니다. 두 선박은 2011년 중국 Bohai Shipbuilding Heavy Industry Co에서 건조되었으며, 2017년 BW Group의 VLCC 선단 인수의 일환으로 1억 1,580만 달러에 원래 매입되었습니다.
이 선박들은 각각 4월과 7월에 새로운 소유주에게 인도될 예정입니다. 기존 부채 1,590만 달러를 상환한 후, 이번 거래로 약 8,500만 달러의 순현금 수익이 발생할 것입니다. 회사는 2분기와 3분기에 각각 1,750만 달러와 1,550만 달러의 이익을 기록할 것으로 예상합니다.
DHT Holdings (NYSE:DHT) a annoncé la vente de deux VLCC, le DHT Lotus et le DHT Peony, pour un prix total de 103 millions de dollars. Les deux navires, construits en 2011 chez Bohai Shipbuilding Heavy Industry Co en Chine, avaient été acquis initialement en 2017 dans le cadre de l'acquisition de la flotte VLCC du BW Group pour 115,8 millions de dollars.
Les navires doivent être livrés au nouveau propriétaire en avril et en juillet. Après le remboursement d'une dette existante de 15,9 millions de dollars, la transaction générera des recettes nettes en liquidités d'environ 85,0 millions de dollars. La société prévoit d'enregistrer des gains de 17,5 millions et 15,5 millions respectivement au deuxième et troisième trimestre.
DHT Holdings (NYSE:DHT) hat den Verkauf von zwei VLCCs, der DHT Lotus und der DHT Peony, für einen Gesamtpreis von 103 Millionen US-Dollar angekündigt. Beide Schiffe, gebaut 2011 bei Bohai Shipbuilding Heavy Industry Co in China, wurden ursprünglich 2017 im Rahmen der Übernahme der VLCC-Flotte der BW Group für 115,8 Millionen US-Dollar erworben.
Die Schiffe sollen im April bzw. Juli an den neuen Eigentümer übergeben werden. Nach der Rückzahlung bestehender Schulden in Höhe von 15,9 Millionen US-Dollar wird die Transaktion Netto-Cash-Erlöse von etwa 85,0 Millionen US-Dollar generieren. Das Unternehmen erwartet, im zweiten und dritten Quartal Gewinne von 17,5 Millionen bzw. 15,5 Millionen US-Dollar zu verbuchen.
- Sale generates substantial net cash proceeds of $85.0 million
- Company will record significant gains totaling $33 million across Q2 and Q3
- Strategic fleet optimization aligning with market trends
- Debt reduction of $15.9 million through vessel sale
- Reduction in fleet size and operating capacity
HAMILTON, BERMUDA, April 15, 2025 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces that it has entered into an agreement to sell the DHT Lotus and the DHT Peony for a combined price of
President & CEO, Svein Moxnes Harfjeld, stated:
“These two vessels have served us well over the past eight years. We have taken this opportunity to fine-tune our fleet profile, aligning our service offering with customer needs and market trends.”
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
How much will DHT Holdings receive from selling the two VLCCs?
What gains will DHT record from the VLCC vessel sales in 2025?
When were the DHT Lotus and DHT Peony originally acquired by DHT Holdings?
When will DHT Holdings deliver the sold VLCCs to the new owner?
How much existing debt will DHT Holdings repay through this VLCC sale?
