HAMILTON, BERMUDA, August 29, 2022 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) announces that it has entered into agreement to sell the DHT Edelweiss, a 2008 built VLCC, for $37.0 million. The vessel is not fitted with an Exhaust Gas Cleaning System and is due for its 3rd Special Survey and installation of a Ballast Water Treatment System in the first quarter of 2023. The Company expects to deliver the vessel to its new owner during the third quarter. The sale will reduce the average age of the Company’s fleet and improve its AER and EEOI metrics. The vessel’s outstanding bank debt of about $12.2 million will be repaid in connection with the sale and the Company expects to record a gain of about $6.8 million in the third quarter of 2022. Following the abovementioned sale and the recently announced retrofit program, 100% of the Company’s fleet will be fitted with Exhaust Gas Cleaning Systems by the first quarter of 2023.
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway and Singapore. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our counter cyclical philosophy with respect to investments, employment of our fleet, and capital allocation; and our transparent corporate structure maintaining a high level of integrity and good governance. For further information please visit www.dhtankers.com.
Forward Looking Statements
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect DHT’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company’s Annual Report on Form 20-F, filed with the SEC on March 25, 2022.
The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935