DHT Holdings Inc. crude oil tanker company has agreed to offload a 2006-built VLCC for $43.4m. The 317,826-dwt VLCC DHT Scandinavia was agreed to be sold at that price, according to the shipowner, who didn’t disclose the name of the buyer.
The company expects to deliver the vessel to its new owner in January 2025.
The VLCC has no outstanding bank debt, DHT Holdings Inc. said, and the sale proceeds will be allocated to general corporate purpose.
This means for investments in vessels, share buy-backs or prepayment of debt.
The sale is expected to reduce the average age of the company’s fleet and improve its AER, EEOI and CII metrics, the owner added.
Meanwhile, the shipowner entered into a one-year time charter contract for the vessel DHT Lion, built in 2016, in the third quarter of 2024.
The time charter contract has a rate of $55,000 per day and the vessel was delivered into the time charter contract toward the end of the third quarter.
DHT’s fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Norway, Singapore, and India.
