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DHT Holdings Issues Preliminary Q2 Time-Charter Earnings Update

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DHT Holdings (DHT) expects time-charter equivalent earnings of $126,700 per day for its fleet in Q2, including $162,600 per day for its very large crude carriers operating in the spot market and $90,800 per day for vessels on time charter.

In Q3, 48% of available spot days have been booked at an average rate of $139,700 per day, while 74% of total available revenue days, including spot and time-charter days, have been booked at an average rate of $94,300 per day, the company said Monday in a statement.

DHT also signed a three-year time charter for the VLCC DHT Jaguar at $75,000 per day with a global energy company. The contract is expected to begin in September.

DHT shares rose 1.7% in after-hours trading.

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