DHT Holdings, Inc. provides the following business update:
For the second quarter of 2023, the Company estimates time charter equivalent earnings for its fleet at $56,300 per day, comprising of $36,200 per day for the Company’s VLCCs on time-charter and $64,800 per day for the Company’s VLCCs operating in the spot market.
Thus far in the third quarter of 2023, 37% of the available VLCC spot days have been booked at an average rate of $48,000 per day on a discharge-to-discharge basis. 51% of the available VLCC days, spot and time-charter days combined, have been booked at an average rate of $42,200 per day.
During the second quarter of 2023, the Company has completed the installation of the two final exhaust gas cleaning systems in the retrofit project. Following this, all of DHT’s vessels are now fitted with exhaust gas cleaning systems.
The Company has received commitment of a $45 million secured credit facility under the incremental facility with ING as agent. The new facility will have an interest rate equal to SOFR plus a margin of 1.80% and is otherwise in line with the “DHT-style” financing. The facility will finance the acquisition of the 2018 built VLCC announced in May, which is expected to deliver later this month.
