DHT Holdings Bags 3-Year Time Charter

August 13, 2019

Bermuda-based crude oil tanker company announced that  it has entered into a three year time charter with a leading refining company for one of its 2012 built very large crude carriers (VLCC).

The charter will commence after the vessel completes a scrubber retrofit in the fourth quarter of this year, said the New York-traded company.

The time charter has a base rate of $30,000 per day with all earnings up to $37,500 to DHT following a profit sharing structure that includes scrubber economics for earnings in excess to be shared between the customer and DHT.

DHT fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Singapore and Oslo, Norway.

Logistics News

Ship Design, Maritime Accidents and There’s a Master on the Run

Ship Design, Maritime Accidents and There’s a Master on the Run

Maersk: Effective US Tariffs Average Around 21% Currently

Maersk: Effective US Tariffs Average Around 21% Currently

US Grain Shipments Surge 9% in face of Chinese Tariffs

US Grain Shipments Surge 9% in face of Chinese Tariffs

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Subscribe for Maritime Logistics Professional E‑News

French President Macron announces 'historic' Airbus/Malaysia Airlines deal
Operator reports that parts of the Czech grid are affected by outages
INDIA RUPEE: Rupee little changed at the end of week, but looming deadline for tariffs in focus