DHT Holdings (DHT) Announces Business Update

HAMILTON, BERMUDA, January 14, 2025 – DHT Holdings, Inc. (NYSE: DHT) (“DHT” or the “Company”) today provides the following business update:

For the fourth quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $38,800 per day, comprising of $38,200 per day for the Company’s VLCCs operating in the spot market and $40,500 per day for the Company’s VLCCs on time-charter. The estimated time charter equivalent earnings are based on 2,206 revenue days for the fourth quarter, of which 1,619 days are spot days.

For the full year of 2024, the Company estimates charter equivalent earnings for its fleet at $45,200 per day, comprising of $47,200 per day for the Company’s VLCCs operating in the spot market and $38,900 per day for the Company’s VLCCs on time-charter. The estimated time charter equivalent earnings are based on 8,595 revenue days for 2024, of which 6,520 days are spot days.

Thus far in the first quarter of 2025, 51% of the available spot days have been booked at an average rate of $31,400 per day on a discharge-to-discharge basis. 65% of the available revenue days, spot and time-charter days combined, have been booked at an average rate of $35,800 per day.

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