DHT Holdings, Inc. announces agreement to acquire a 2018 built VLCC
HAMILTON, BERMUDA, June 19, 2025 – DHT Holdings, Inc. (NYSE:DHT) ('DHT' or the 'Company') today announces that it has entered into an agreement to acquire a VLCC built in 2018 at Hyundai Heavy Industries (HHI), for $107 million. The vessel is scheduled to deliver towards the end of the third quarter of 2025. The acquisition will be financed through the Company's available liquidity and projected mortgage debt. The vessel was built to a high specification by its current owner and is fitted with an exhaust gas cleaning system. The acquisition will improve DHT's age profile and will further improve the DHT fleet's efficiency metrics.
DHT's President & CEO, Svein Moxnes Harfjeld, comments: 'We are always looking for opportunities with the intent of improving earnings per share for our shareholders. This is a sister of vessels built by us in 2018, a design with large carrying capacity and premium earning capabilities, well suited for the trading patterns of our key customers. We believe this to be a fitting addition to our fleet, replacing some of the earnings capacity that has been divested this year, delivering into a market with attractive prospects.'
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 wholly owned management companies in Monaco, Norway, Singapore, and India. 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 fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit www.dhtankers.com.
Forward Looking StatementsThis 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 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 20, 2025.
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.
Contact:Laila C. Halvorsen, CFOPhone: +1 441 295 1422 and +47 984 39 935 E-mail: lch@dhtankers.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
How to buy a house with bad credit
You can get a mortgage with a credit score as low as 620, 580 or even 500, depending on the type of loan. While you might be eligible for a mortgage with a low credit score, you'll pay a higher interest rate for the loan. Some mortgage lenders offer free credit counseling to help you improve your score before applying for a loan. Want to buy a house but worried that your credit isn't good enough to make it happen? You're not alone. Twenty-four percent of Americans who don't currently own a home point to their credit not being good enough as why, according to Bankrate's 2025 Home Affordability Report. While your credit score is the first factor mortgage lenders consider when determining whether you're eligible for a loan, it's not the only piece of the puzzle. Read on to learn how to borrow the money you need to buy a house with bad credit. You can get a mortgage with a lower or bad credit score, but to do so, you'll need to prepare financially to ensure you get the best possible loan terms. Your preparations should include working to improve your credit score before applying, as this will increase your approval odds and put you in the best spot to secure a competitive interest rate. Here are some steps to take: Checking your credit report for errors can help identify any items that may be lowering your credit score. Several factors make up your credit score, including your payment history, amounts owed on current credit and how long you've had credit accounts. Your credit mix and new credit accounts also play a role in your score. If you see a mistake or outdated item related to any one of these factors, contact Equifax, Experian or TransUnion. Each credit bureau has a process for correcting errors and out-of-date information. When working toward buying a home with bad credit, try to pay down what you already owe. Lowering your debt load might not only boost your credit score but also make you eligible for a bigger mortgage, thanks to a better debt-to-income (DTI) ratio. Every mortgage lender is different, and some offer lower rates and fees than others. Research shows that getting multiple rate quotes can save you thousands over a 30-year mortgage. Check out different types of lenders, including banks and online lenders, to see where you get the best offer. Learn more: Best mortgage lenders for bad credit If you have bad credit, consider asking a family member or friend with better credit to co-sign your mortgage. This can help give your application a boost — but only if the co-signer is able and willing to take on the debt. (Note that co-signing is different from co-borrowing.) If you see ads promising 'guaranteed' approval for a mortgage regardless of credit, it's a red flag. Under federal rules, a lender must verify the ability of a borrower to repay a mortgage, so there can't be a 'guarantee' unless that happens. Even if you get that guaranteed approval, it usually comes with excessive or inflated costs. Credit report changes can take time to go through the system, so improved scores might not show up in time for a mortgage application. In this case, you can try getting a rapid rescore through your lender. In this process, your lender submits proof to a credit agency that an applicant has made recent changes or updates to their account that are not yet reflected on their credit report. You'll need to pay for this service, but the expense might be a worthwhile trade-off to get a better interest rate. Loan type Credit score minimum Conventional loan 620 or 660 depending on program FHA loan 580 (or 500 with a minimum 10 percent down payment) VA loan No official requirement, but typically 620 USDA loan No official requirement, but typically 640 Fannie Mae and Freddie Mac each back conventional loans with a lower minimum credit score of 620 and 660, respectively. Both of these loans require just 3 percent down and may offer either a fixed or variable interest rate. Conventional mortgages, however, may have stricter qualification criteria than other types of mortgages, such as FHA or VA loans. The Federal Housing Administration (FHA) insures FHA loans, which allow mortgage lenders to accept a credit score as low as 580 with a 3.5 percent down payment, or 500 with a 10 percent down payment. While FHA loans have more lenient qualifying criteria, they come with mortgage insurance premiums (upfront and annual) that you'll need to pay no matter your down payment size. If you're a military member, veteran or married to someone who has served in the armed forces, you could benefit from a VA loan backed by the U.S. Department of Veterans Affairs. You don't have to meet a specific credit score minimum to qualify, although many lenders do require a score of at least 620. No down payment is necessary with this loan, but you'll need to pay the VA funding fee. If you have a lower income and want to buy a home in a particular rural area, look into a USDA loan. While not a hard-and-fast rule, most USDA-approved lenders require a minimum credit score of just 640. Like VA loans, USDA loans come with no down payment requirement. Lenders rely on data from the three main credit reporting bureaus, Equifax, Experian and TransUnion. Typically, a lender looks at the middle credit score of the three when considering you for a mortgage. In addition to your scores, the lender will look at your credit report, including total debt and any issues like defaults or late payments. Mortgage lenders most often use the FICO credit scoring model to assess creditworthiness. Here's how those ratings work: Credit score range Rating Below 580 Poor 580-669 Fair 670-739 Good 740-799 Very good 800 or above Excellent Bankrate insight The average credit score of outstanding mortgages in the U.S. as of the fourth quarter of 2024 was 741, according to the Federal Housing Finance Agency. A poor credit score will primarily cost you in the way of a higher interest rate. Here's an example assuming a 30-year conventional loan for $400,000: FICO score APR* Monthly payment Total interest paid 760-850 7.072% $2,681 $565,009 700-759 7.314% $2,746 $588,593 680-699 7.428% $2,777 $599,779 660-679 7.482% $2,792 $605,095 640-659 7.58% $2,819 $614,769 620-639 7.711% $2,855 $627,755 Will you pay more for mortgage insurance with bad credit? It depends on the type of mortgage. Private mortgage insurers — which offer mortgage insurance for conventional loans, known as PMI — base their rates on credit score, among other factors. Generally, if you have a lower credit score, you'll pay more for PMI. On the other hand, if you're getting an FHA loan, your credit score won't impact how much mortgage insurance you pay — those rates depend on the loan term, loan amount and the size of your down payment. Are mortgage rates higher with bad credit? Yes. Generally, if you don't have good credit, that's a sign you're a riskier borrower. To compensate for taking on that risk, your lender will charge you a higher interest rate. Sign in to access your portfolio
Newsweek
an hour ago
- Newsweek
Apple CEO Tim Cook Confirms New Documentary on Lewis Hamilton
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Apple CEO Tim Cook has revealed that a documentary is being made on Lewis Hamilton, inspired by his story of coming from a working-class family who began his racing career in karting and went on to become one of the most successful drivers in Formula One. The topic of the documentary came up as Cook and Hamilton spoke about their roles in the upcoming F1 movie, produced by Jerry Bruckheimer and directed by Joseph Kosinski, scheduled to hit theaters on June 25 (June 27 for North America). Hamilton serves as a co-producer in the movie, who was entrusted with the task of ensuring the movie maintains F1 authenticity. Cook highlighted the role of producing partner Apple Studios in the movie. The tech giant's film and television production division has been producing films since 2019. Lewis Hamilton of Great Britain and Ferrari seeks shade under an umbrella in the pit lane during the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 15, 2025 in Montreal, Canada. Lewis Hamilton of Great Britain and Ferrari seeks shade under an umbrella in the pit lane during the F1 Grand Prix of Canada at Circuit Gilles-Villeneuve on June 15, 2025 in Montreal, Hamilton spoke about his role in an interview, Cook admitted he was inspired by the seven-time world champion and shared his eagerness to share Hamilton's story with the world. He said: "Lewis is very inspiring for me. He came from a working-class family. He broke all of the 'then rules' about who was going to be driving and who couldn't drive. Started with a go-kart and now he's an F1 driver. That's an incredible life story. "Fortunately, we're also doing a documentary on Lewis, and I can't wait. I can't wait, because I think it's the ripple in the pond that will inspire millions of people." Further details about the documentary are yet to be known, especially Hamilton's role in its production. As for the F1 movie, the Briton carried a significant responsibility on his shoulders to ensure it portrayed the sport most realistically. Newsweek Sports reported Hamilton's comments on his role as a co-producer. He said: "I really wanted to make sure the authenticity was there, and it worked for both the younger and the older audience, and then making sure that the racing was true to what it is. "All the other drivers, all the teams, are relying on me to make sure that it does." Hamilton left no stone unturned to maintain F1 realism. He even checked if Brad Pitt was race-ready before filming commenced. The Ferrari driver added: "I really wanted to see, you can actually drive? He already had the knack. He really went in deep." Related: F1 Movie Breaks Boundaries with Apple iPhone Tech For Onboard Cameras
Bloomberg
3 hours ago
- Bloomberg
Home Depot Seeks to Buy GMS in Challenge to QXO Bid, WSJ Says
Home Depot Inc. has made an offer for GMS Inc., potentially setting off a bidding war with QXO Inc. which this week made a $5 billion offer for the building-products distributor, the Wall Street Journal reported Thursday. The offer from Home Depot, the world's largest home-improvement retailer, is for an undetermined sum, the Journal said, citing people with knowledge of the matter.
