DHT Holdings, Inc. (NYSE:DHT) - Letter to Shareholders from the Co-CEOs


We have announced during this year that we will fit exhaust gas cleaning systems, commonly referred to as scrubbers, on two thirds of our VLCC fleet.  

The retrofit program encompass 16 ships built between 2004 and 2012, representing the ships within our fleet that stands to gain the greatest economic benefits.  

Additionally, the two newbuildings delivered from Hyundai Heavy Industries this year had scrubbers installed, taking the total to 18 out of 27 ships with scrubbers.


As we have stated, we are neither for nor against scrubbers, but deem it our responsibility to position DHT as best as we can ahead of the implementation of the new regulations.  

We believe scrubbers to be an economical way to comply with the new regulations and want with this communication to share some important details in our scrubber program.  Fifteen of the scrubbers that we will install will be able to clean the Sulphur content in the exhaust gas down to 0.1%, enabling these ships to operate with scrubbers within emission control areas (ECA) and ports, where permitted.  

Secondly, we configured our fuel tank lay-out allowing us to carry various grades of fuels facilitating the flexibility to consume compliant fuels with 0.5% or less Sulphur content when in emission control areas and in ports that does not permit scrubbers.  

We have elected this configuration in anticipation of countries implementing stricter rules related to use of scrubbers when ships operate in their respective near seas and ports.                


Looking beyond scrubbers, you should continue to expect consistency in our strategy, transparency in our communications and for us to do what we have said we are going to do.  

We like our current position.  With the last newbuilding delivered in October in time for the current market upturn, we now have all ships in the water earning money.  Following our financing efforts this year, we have no significant debt maturities until 3Q 2021.  

We are focused and we work hard to create value to your shareholding by pursuing what we expect to be a rewarding business plan. 



Posted by 뜨락 뜨락(Countrylife4u)

DHT Holdings, Inc. announces the resignation of Carsten Mortensen and appointment of Anders Onarheim to its board of directors


HAMILTON, BERMUDA, October 3, 2018 - DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today announced that Mr. Carsten Mortensen has resigned from the Company's board of directors and that the Company has appointed Mr. Anders Onarheim to its board of directors, effective immediately, as a Class III Director with a term expiring at the Company's 2021 annual meeting of shareholders.



Mr. Anders Onarheim has more than 30 years of experience from the capital markets, both in Norway and internationally.  His experience includes 16 years at Carnegie Investment Bank in Norway, where he served as Managing Director and then CEO, as well as several years as Executive Director in the investment banking division of Goldman Sachs in London, and as Vice President of institutional sales at Merrill Lynch in New York and London.  He has held a number of board directorships within both industrial companies and investment firms.  Current directorships include North Energy ASA, Reach Subsea ASA and BW LPG.  He holds an MBA from Washington University of St. Louis where he graduated in 1986.  Mr. Onarheim is a Norwegian citizen and resident.


ABOUT DHT HOLDINGS, INC.

DHT is an independent crude oil tanker company operating a fleet of crude oil tankers in the VLCC and Aframax segments.  We operate through our integrated management companies in Oslo, Norway and Singapore.  For further information: www.dhtankers.com.



Posted by 뜨락 뜨락(Countrylife4u)

DHT Holdings, Inc. announces sale of its three oldest VLCCs


DHT Holdings, Inc. (NYSE:DHT) ("DHT") announced that it has entered into agreement to sell its three oldest VLCCs; DHT Utah and DHT Utik, both built 2001 and DHT Eagle built 2002 to one buyer for a total price of $66.5 million. About $33.5 million of bank debt will be repaid in connection with the sale of the three vessels.

The Company expects to deliver the DHT Utah and DHT Eagle to its new owner before end of 2017 and the DHT Utik in January 2018. 


The Company will record a book loss of about $3.5 million in the fourth quarter of 2017 in connection with the sale.  The loss is primarily related to the DHT Eagle. Subsequent to the sale, the average age of DHT's fleet of VLCCs is 6.1 years.

 

The sale is in accordance with the company's fleet renewal strategy. DHT enjoys a strong position with its robust balance sheet, high quality fleet, best-in-class cash break-even levels, competitive cost structure and attractive time charter contracts.

Posted by 뜨락 뜨락(Countrylife4u)


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