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DHT HOLDINGS, INC. - DHT STOCK NEWS

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. (NYSE:DHT) is a prominent independent crude oil tanker company. Established in 2005 and listed on the New York Stock Exchange, DHT initially acquired a fleet of seven crude oil tankers, including three Very Large Crude Carriers (VLCCs) and four Aframaxes, under long-term time charters. Over the years, DHT expanded its fleet with the addition of two Suezmax tankers and transitioned into its current structure, becoming a publicly held parent company based in the Marshall Islands in 2010.

Fleet and Operations
DHT's fleet, which predominantly comprises VLCCs with capacities ranging from 270,000 to 320,000 deadweight tons, operates globally. The company generates revenue through both time charter and spot market operations. DHT's commitment to quality is reflected in its high-standard ships, experienced management, and robust operational practices.

Geographical Footprint
DHT operates through integrated management entities spread across Monaco, Norway, Singapore, and India. This international presence ensures efficient and effective fleet management and customer service, adhering to the highest standards of integrity and good governance.

Financial Performance and Strategy
In recent updates, DHT has provided significant financial insights, including achieving improved cash break-even levels for its fleet and maintaining a prudent capital structure. The company’s strategy focuses on a combination of market exposure and fixed income contracts, ensuring stability and growth even through volatile market cycles. DHT is committed to paying 100% of ordinary net income as quarterly dividends to its shareholders, demonstrating a strong commitment to shareholder value.

Recent Developments
Recent business updates indicate a constructive market outlook, driven by increasing oil demand and longer transportation distances. This positive market trend supports DHT's strategic initiatives and investments aimed at maximizing fleet utilization and revenue generation.

DHT Holdings continues to prioritize high governance standards, transparent corporate structure, and strategic capital allocation, making it a significant player in the crude oil tanker industry.

News

DHT Holdings, Inc. Business Update

Rhea-AI Summary
DHT Holdings, Inc. provides a business update for the first quarter of 2024, estimating time charter equivalent earnings for its fleet at $50,900 per day. The Company's VLCCs operating in the spot market earn $54,000 per day, while VLCCs on time-charter earn $39,500 per day. In the second quarter, 42% of spot days have been booked at $54,200 per day, and 54% of revenue days at $46,900 per day.
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DHT Holdings, Inc. has filed Form 20-F for 2023 with the US Securities and Exchange Commission

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DHT Holdings, Inc. files its 2023 annual report on Form 20-F with the SEC, providing shareholders access to audited financial statements. The report is available on DHT's website and shareholders can request a hard copy for free.
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DHT orders four large VLCCs

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DHT Holdings, Inc. announces agreements to build four large VLCCs in South Korea for $128.5 million each, with options for four more vessels. The ships are designed for improved fuel efficiency and reduced emissions.
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DHT Holdings, Inc. Fourth Quarter 2023 Results

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DHT Holdings, Inc. (NYSE:DHT) announced its financial results for the quarter ended December 31, 2023, showing a strong performance with a significant increase in revenue and net income. The company's fleet expansion and improved market conditions contributed to the positive results.
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DHT Holdings, Inc. announces appointment of Ms. Ana Zambelli to the Board of Directors

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DHT Holdings, Inc. (NYSE:DHT) has appointed Ms. Ana Zambelli to its Board of Directors, effective February 1, 2024. With over 20 years of experience in the energy sector, Ms. Zambelli has held significant roles in operational, commercial, and finance areas. She has served in leadership positions at companies such as Maersk Drilling, Transocean, and Schlumberger, and currently serves as an independent board member for Seadrill, Galp, and BW Energy. Ms. Zambelli's educational background includes degrees in mechanical and petroleum engineering, as well as a post-graduation in Digital Business from Columbia University. Her appointment brings a wealth of experience and expertise to DHT Holdings, Inc.'s Board of Directors.
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DHT Holdings, Inc. to announce fourth quarter 2023 results on Tuesday, February 6, 2024

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DHT Holdings, Inc. (NYSE: DHT) will release its fourth-quarter 2023 results on February 6, 2024, followed by a conference call and webcast on February 7, 2024, to discuss the results. Participants can register in advance to access the conference call and webcast. The webcast will be available on DHT's website and a recording of the audio and slides will be accessible until February 14, 2024.
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DHT Holdings, Inc. Business Update

Rhea-AI Summary
DHT Holdings, Inc. provides a business update, estimating P&L break-even and cash break-even levels for the fleet for 2024, achieving improvement through liquidity utilization and pre-payment of scheduled installments. The Company is committed to paying 100% of ordinary net income in quarterly cash dividends to shareholders.
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DHT Holdings, Inc. Business Update

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DHT Holdings, Inc. (NYSE:DHT) reports an estimated time charter equivalent earnings of $42,800 per day for its fleet in the fourth quarter of 2023. The company's VLCCs on time-charter earned $39,600 per day, while those operating in the spot market earned $43,600 per day. In the first quarter of 2024, 50% of the available VLCC spot days have been booked at an average rate of $56,300 per day on a discharge-to-discharge basis. 61% of the available VLCC days, spot and time-charter days combined, have been booked at an average rate of $48,900 per day.
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DHT Holdings, Inc. Third Quarter 2023 Results

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DHT Holdings, Inc. announces its Q3 2023 results, reporting a net income of $20 million and a revenue of $100 million, representing a 10% decrease compared to the same period last year. The company's fleet size has increased by 5%, reaching a total of 30 vessels. DHT also declares a dividend of $0.10 per share.
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DHT Holdings, Inc. to announce third quarter 2023 results on Monday, November 7, 2023

Rhea-AI Summary
DHT Holdings, Inc. will release its Q3 2023 results on November 6, 2023. A conference call and webcast will be held on November 7, 2023, to discuss the results. Participants can register in advance to access the conference call and webcast.
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FAQ

What is the current stock price of DHT HOLDINGS (DHT)?

The current stock price of DHT HOLDINGS (DHT) is $10.54 as of November 20, 2024.

What is the market cap of DHT HOLDINGS (DHT)?

The market cap of DHT HOLDINGS (DHT) is approximately 1.7B.

What is DHT Holdings, Inc.?

DHT Holdings, Inc. is an independent crude oil tanker company that operates a fleet of VLCCs globally, generating revenue through time charter and spot market operations.

When was DHT Holdings established?

DHT Holdings was established in 2005 and listed on the New York Stock Exchange in the same year.

Where does DHT operate?

DHT operates through integrated management companies located in Monaco, Norway, Singapore, and India.

What is the primary business of DHT Holdings?

DHT Holdings primarily operates crude oil tankers, including VLCCs, generating revenue through long-term time charters and spot market operations.

What is DHT’s strategy for financial stability?

DHT maintains a prudent capital structure, balances market exposure with fixed income contracts, and allocates capital counter-cyclically to ensure financial stability.

How does DHT reward its shareholders?

DHT is committed to paying 100% of its ordinary net income as quarterly cash dividends to its shareholders.

What are DHT's recent business updates?

Recent updates include improved cash break-even levels for the fleet, strategic investments, and a constructive market outlook supported by rising oil demand.

How does DHT ensure high standards in operations?

DHT focuses on premium revenue generation, maintains a competitive cost structure, and upholds high governance standards and transparent corporate practices.

What recent achievements has DHT Holdings reported?

DHT Holdings has recently reported significant improvements in cash break-even levels, constructive market trends, and strong financial performance metrics.

Where can I find more information about DHT Holdings?

For more detailed information, visit DHT Holdings' official website at www.dhtankers.com.

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DHT HOLDINGS, INC.

NYSE:DHT

DHT Rankings

#2110 Ranked by Market Cap
#282 Ranked by Dividends

DHT Stock Data

1.69B
139.15M
13.82%
62.02%
4.2%
Oil & Gas Midstream
Energy
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United States of America
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