• 2017 January 11 18:24

    DHT Holdings completes repair of its tanker's rudder

    DHT Holdings, Inc. ("DHT") identified during a routine inspection of the DHT Jaguar (YB 2015) a fracture surrounding the inspection window of the rudder. The vessel is the first in a series of six VLCCs. Following a root cause analysis conducted by the builder Hyundai Heavy Industries (HHI) and classification society American Bureau of Shipping (ABS), DHT implemented a permanent repair plan for a rudder design improvement on the DHT Jaguar and its sister ships. DHT has completed the work and has in relation to this incurred 105 off-hire days during the fourth quarter of 2016, equaling to about 5% of its trading days during the same period. The repair cost has been covered by HHI under its warranty obligation, DHT said in a press release.

    DHT agreed with HHI to defer the delivery of its final newbuilding originally scheduled for delivery during the fourth quarter of 2016.  The vessel, which will be named DHT Tiger, will be delivered during January 2017 at no additional cost to DHT, positively impacting her value.

    DHT is also taking this opportunity to update on its VLCC spot trading.  The spot earnings for the fourth quarter of 2016 came in at $34,300 per day.  DHT has to date booked 32% of its first quarter 2017 VLCC spot days at an average rate of $53,000 per day.

    Further, during the fourth quarter the company has under its buy-back program repurchased $23 million of its convertible senior notes in the open market at an average price of 90.4%.  Including repurchases made during the first half of 2016, the company has during 2016 repurchased $27 million at an average price of 91.7%.  At the current conversion price of $6.6570, the company has reduced the potential dilution related to the convertible notes by 4,055,880 shares, equal to about 4% based on the current outstanding share count.

    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 and Aframax segments. We operate through our integrated management companies in Oslo, Norway and Singapore. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for our fleet and a transparent corporate structure maintaining a high level of integrity and good governance.




2017 December 9

06:36 Hapag-Lloyd to increase rates for all cargoes and all container types from North East Asia to Australia
06:35 British Ports looking for cross border trade solutions as the UK and EU pass first big hurdle in the Brexit negotiations
06:30 Polarcus secures funding for 3D broadband project in Australia
04:11 CMA CGM GROUP completes the acquisition of MERCOSUL Line and strengthens its service offering in South America

2017 December 8

21:46 Neptumar agency successfully completes challenging two-phased delivery of project cargo from China to St. Petersburg
18:17 Yamal LNG loads first batch of LNG on Christophe de Margerie tanker
18:06 Wison multifunctional LNG Distributor granted AiP by DNV GL
17:06 China Classification Society signs Framework Agreement with MAN
16:58 Sredne-Nevsky Shipyard is ready to lay down yet another mine countermeasures vessel for RF Navy (photo)
16:27 Ice-class ships Spasatel Demidov, Admiral Lazarev and Admiral Serebryakov will assist vessels in the Kerch Strait this winter (photo)
16:05 MAN PrimeServ China signs Service Station Agreement with Zhoushan Xinya Shipyard
15:36 CMA CGM premium service to optimize CO2 emissions
15:34 Morsviazsputnik and Qiwi Blockchain Technology signed cooperation agreement (photo)
15:10 Port of Liepaja (Latvia) handled 6 mln t of cargo in 11M’17, up 18% Y-o-Y
14:46 ABB opens first ABB Ability™ Collaborative Operation Center in China
14:19 ABB AbilityTM extended with digital turbocharging solutions for marine
13:48 Sovcomflot’s Christophe de Margerie named Engineering Project of the Year at 2017 Platts Global Energy Awards
13:43 Jumbo signs LOI to order new LNG powered offshore construction vessel
13:25 Bunker prices go down at the port of Novorossiysk, Russia (graph)
13:01 Teekay Tankers announces management change
12:30 Le Havre, France hosts "Women in Port Management" course
12:01 Port of Virginia posts results for Nov 2017
11:43 LUKOIL starts drilling of first production well at Filanovsky field's Phase 2
11:22 FESCO transported 21 000 tons of cargo to northern Russia
11:01 BMT awarded new funding for autonomous navigation
10:40 Brent Crude futures price up 0.06% to $62.24, Light Sweet Crude – up 0.02% to $56.7
10:19 Bunker prices go down at the Port of Saint-Petersburg, Russia (graph)
10:01 Diana Shipping announces time charter contract for m/v Boston
09:38 Murmansk Sea Fishing Port handled 308,800 t in 11M’17, up 8.8% (photo)
09:20 Baltic Dry Index up to 1,679 points
09:13 Wärtsilä Linesafe for propeller shafts revolutionises bearing design
08:12 Ports of Long Beach and Los Angeles ask for proposals to reduce vessels’ at-berth emissions
07:11 ME-GI/ME-LGI dual-fuel engines hit 100,000 operating hours
06:12 ABS Executive lays out vision for future of shipping
05:12 Fincantieri launches new cruise ship “Nieuw Statendam”
04:13 London leads with first Air Quality Strategy for a UK port
03:13 CSSC GWS smart ship project achieves LR cyber-enabled ship (CES) descriptive notes
02:13 DNV GL presents GTT and TECHNOLOG with GASA statement for exoskeleton LNG tanks
01:24 SBM Offshore awarded turnkey contract for Statoil’s Johan Castberg turret mooring system

2017 December 7

18:15 MABUX Weekly Report: Rising oil production in the U.S. may pressure bunker prices
18:11 Throughput of port Riga (Latvia) down 6.7% to 31.11 mln t in 11M’17
17:50 Antwerp will host European Environmental Ports Conference on 16-17 May 2018
17:28 The Port of Gdansk gets yet another EU subsidy
17:05 Crowley’s newest LNG-fueled ConRo ship launched at VT Halter Marine
16:35 Prosafe extends standstill agreement with Cosco
16:16 Port Bronka presents railway-yard project for Russia to take over dry bulk cargo flows (photo)
16:05 OOCL introduces Japan Vietnam Service
15:37 Wärtsilä enters joint project agreement for shuttle tanker development
15:12 Aker Solutions to design Johan Castberg FPSO accommodation unit
15:03 Russian Arctic to face period of serious changes - Deputy PM of Russia
14:37 Seaports of Ukraine handled 121 mln t of cargo in 11M’17, up 0.6% Y-o-Y
14:14 USPA and EBRD signed an Agreement on joint development of concession projects in two ports
13:51 Warships of RF Navy's Pacific Fleet arrive on visit to Myanmar
13:20 Marintec China: DNV GL awards DSIC a pair of AiP certificates
13:00 USC is looking into building 40 MW icebreaker powered by LNG
12:38 Russia's state expert evaluation authority approves Phase 1 of Vostochny-Nakhodka transport hub (photo)
12:02 Throughput of port Murmansk expected to make 51 mln t in 2017, 71 mln t in 2020
11:59 Damen delivers Cutter Suction Dredger 450 to Vesirakennus Ojanen Oy in Finland
11:39 Coal transshipment facilities to be shifted from the center of Murmansk to the western coast of the Kola Bay
11:11 Light fuel is in short supply at the Far East ports of Russia (graph)