Shipowner of crude oil tankers DHT Holdings has revealed a new $45 million secured credit facility, with ING as agent, that will finance the acquisition of the 2018-built VLCC announced in May, which is expected to deliver later this month.
The new facility will have an interest rate equal to SOFR plus a margin of 1.80% and is otherwise in line with the “DHT-style” financing, the owner said.
The New-York listed company also reports a jump in its time charter equivalent earnings for its fleet for the second quarter of 2023 at $56,300 per day, comprising of $36,200 per day for the company’s VLCCs on time-charter, and $64,800 per day for the company’s VLCCs operating in the spot market.
In the third quarter of 2023, the owner said 37% of the available VLCC spot days have been booked at an average rate of $48,000 per day, on a discharge-to-discharge basis.
51% of the available VLCC days, spot and time-charter days combined, have been booked at an average rate of $42,200 per day.
In a business update the crude oil tanker owner also informed that all of DHT’s vessels are now fitted with exhaust gas cleaning systems.
The owner in the second quarter of 2023 has completed the installation of the two final exhaust gas cleaning systems in the retrofit project.
