DHT Holdings orders new VLCC from Hanwha Ocean for 2028 delivery

DHT Holdings, Inc. (NYSE: DHT) entered into an agreement with Hanwha Ocean Co., Ltd. for the construction of a new Very Large Crude Carrier scheduled for delivery in August 2028, according to a company statement.

The vessel will be a sister ship to two Hanwha vessels DHT received in the first quarter of 2026. The new VLCC will feature advanced fuel economics, reduced emissions and large carrying capacity, the company said.

"We are very pleased with the two newbuildings delivered from Hanwha earlier this year and look forward to adding another vessel to our Antelope Class series through this early delivery opportunity provided by Hanwha," said Svein Moxnes Harfjeld, President and Chief Executive Officer of DHT Holdings.

DHT plans to finance the project through cash flow from operations, available liquidity, and projected mortgage debt. The Bermuda-based company operates crude oil tankers in the VLCC segment and trades internationally.

The company operates through integrated management companies in Monaco, Norway, Singapore, and India. DHT's fleet consists of crude oil tankers that serve the VLCC market segment.

You May Also Be Interested In

• Murphy Oil announces oil discovery offshore Côte d'Ivoire
• Montana-Dakota Utilities signs power deal with Applied Digital for 430 MW AI campus
• ZenaTech raises Plurilock Security stake to 12% with new share purchase