On 18 October 2005, DHT Maritime, Inc. (formerly Double Hull Tankers, Inc.) (NYSE: DHT) commenced operations as an independent tanker company. The Company acquired seven double hull crude oil tankers from Overseas Shipholding Group, Inc. (OSG), a market leader in global energy transportation services with a fleet of more than 100 crude tankers and petroleum product carriers. In December 2007 and January 2008, DHT took delivery of two Suezmax tankers. DHT's modern fleet consists of three Very Large Crude Carriers (VLCCs), two Suezmax tankers and four Aframax tankers.

The seven vessels acquired from OSG in 2005 were originally chartered to OSG on October 18 2005 for periods ranging from five to six and one-half years. OSG also has options to extend the charters for an additional five to eight years depending on vessel. In December 2008 OSG declare part of the extension options whereby the charter period was extended by 1 ½ years for two of the vessels and 12 months for five of the vessels, respectively. DHT receives a base charter hire and expects, through a profit sharing agreement, to benefit from earnings over and above the base charter hire rates. The vessels are operated in the largest commercial tanker pools in their segments: Tankers International and Aframax International, respectively. The vessels are technically operated (crewing, maintenance, repairs, drydockings etc.) by a subsidiary of OSG. The two Suezmax tankers are on seven and ten year bareboat charters to OSG, respectively and are commercially operated in the Suezmax International pool.

On March 1, 2010, DHT Maritime, Inc. completed a series of transactions that resulted in DHT Holdings, Inc., a newly formed corporation organized in the Marshall Islands, becoming the publicly held parent company of DHT Maritime, Inc. As a result of the transactions, each shareholder of DHT Maritime, Inc. holds one share of DHT Holdings, Inc. common stock for each share of DHT Maritime, Inc. common stock held by such shareholder immediately prior to the series of transactions.

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