ExpansionJun 12, 2026, 04:13 PM
DHT Holdings Orders New VLCC for 2028 Delivery; Secures $250M Credit Facility
AI Summary
DHT Holdings, Inc. announced two significant developments. The company entered into an agreement with Hanwha Ocean Co., Ltd. for the construction of a new Very Large Crude Carrier (VLCC), scheduled for delivery in August 2028. This vessel will be a sister to two delivered earlier in 2026, enhancing the company's fleet with advanced fuel economics and reduced emissions. Additionally, DHT Holdings secured a new $250 million reducing revolving credit facility with a seven-year tenor, maturing in June 2033, which will strengthen its liquidity and optimize its capital structure.
Key Highlights
- Agreement for new Very Large Crude Carrier (VLCC) with Hanwha Ocean.
- Vessel scheduled for delivery in August 2028.
- New VLCC is a sister to two vessels delivered in Q1 2026.
- Secured new $250 million reducing revolving credit facility.
- Credit facility has a seven-year tenor, maturing June 2033.
- Interest rate for facility is SOFR plus 135 basis points.
- Facility includes a $250 million uncommitted accordion.
Price Impact
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