• 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 May 25

11:39 Сore functions of London Protocol to participants at workshop in Accra, Ghana
10:55 Arctia strengthens its customer relations team
10:17 Gazprom Neft reports record net income for Q1 2017
09:46 Brent Crude futures price up 0.80% to $54.39, Light Sweet Crude – up 0.76% to $51.75
09:28 Baltic Dry Index down to 934 points
09:12 Keppel secures contract to build LNG carriers worth over S$100m
08:39 Nor Lines and Rolls-Royce sign landmark Power-by-the-hour service agreement
08:14 Wärtsilä propellers and shaft generator system chosen for two new RoRo vessels

2017 May 24

18:01 Finnish Business Community took over AEC Chairmanship at AEC Annual Meeting
17:55 Port of Hamburg’s total throughput up by 1.7 percent at 35.4 million tons in the first quarter of 2017
17:44 RAO/CIS Offshore to be held on 12 - 15 September 2017 in Saint-Petersburg, Russia
17:41 Piraeus Port Authority investment plans tabled at 4th Posidonia Sea Tourism Forum
17:37 Greece is open for cruise industry business says Greek minister at Posidonia Sea Tourism Forum
17:00 Hapag-Lloyd and UASC complete merger
16:26 Throughput of NCSP Group up 1.4% to 50.6 mln t in 4M’17
16:02 MOL starts initiative to develop enhanced operational support tool
15:37 VSM reports record number of merchant vessel orders received by German yards
15:02 Australia develops new blockchain security architecture TBSx3
14:35 Stolt-Nielsen Gas orders two small-scale LNG carriers, with options for three additional ships
14:02 Port of Oakland vessel calls to Southeast Asia up 50 percent
13:44 Port of Hamburg’s total throughput in QI’2017 was up 1.7% at 35.4 mln t
13:23 Vympel Shipyard launches fast patrol boat of Project 12150 Mangust for Sakhalin Border Department of Russia’s FSB (photo)
13:02 ABS launches new and completely mobile application from ABS Nautical Systems
12:31 Pharma logistics services expanding strongly in Antwerp
12:14 “K” Line announces delivery of woodchip carrier “FORESTAL GAIA”
11:49 OSC launches its VLCCs commercial chartering desk
11:17 World’s first LPG-fueled ferry design using GE gas turbine completes HAZID meetings
10:51 BC Ferries will take final acceptance and ownership of its newest vessel, Salish Raven, upon final inspection once the vessel arrives in B.C.
10:20 Brent Crude futures price up 0.22% to $54.27, Light Sweet Crude – up 0.17% to $51.56
09:58 Russian Railways set to facilitate implementation of BAM, Transsib and NLR projects
09:33 Indicative bunker prices go up at the port of Saint-Petersburg (graph)
09:15 Baltic Dry Index down to 949 points

2017 May 23

18:10 Passenger Port of Saint Petersburg welcomes maiden call of Mein Schiff 3
17:51 Spliethoff further extends its Medliner service to Sagunto, Spain
17:27 RF Navy's Black Sea Fleet practiced rescuing a crew of conditionally distressed submarine
17:06 Wagenborg installed the Bøkfjord bridge in Kirkenes (Norway)
16:44 Sovcomflot demonstrated TCE revenues of USD 274.4 million in Q1’17 amid tanker market slowdown
16:35 Keppel to build two additional dredgers worth S$120 million for Jan De Nul
16:22 CMA CGM launches service between the west coast ports of North, Central and South America
16:13 Severomorsk major landing ship of RF Navy’s Northern fleet finished completing tasks in the Mediterranean and entered the Atlantic Ocean (photo)
15:50 Ukraine’s water transport carried 3,000 passengers in Jan-April'17, down 3.3%, Y-o-Y
15:25 Accra, Ghana will host the Ports and Intermodal West Africa Conference on 17-19 July 2017
15:04 Vallianz scores new charter contracts worth up to US$ 115 million for 4 vessels
14:49 TTS Group signs new contract for naval vessels
14:21 Design of nuclear-powered icebreaker-leader discussed at the Krylov Centre
13:56 Igor Ponomarev elected as Director General of Severnaya Verf shipyard (photo)
13:29 Okskaya shipyard sent fourteenth tanker of Project RST27, Balt Flot 15, for sea trials (photo)
13:02 Essar Shipping acquires a Panamax vessel of 74,005 DWT
12:43 MOL sets sights on construction of LNG-fueled tugboat
12:07 Rashid Sharipov elected as Chairman of NCSP BoD (photo)
11:42 Bunker prices show no considerable changes at the Far East ports of Russia (graph)
11:18 Ultra-modern 5,800 cbm LNG bunker vessel Coralius named in ceremony
10:59 National maritime transport policy training held in Antigua and Barbuda
10:23 Brent Crude futures price down 0.91% to $53.38, Light Sweet Crude – down 0.92% to $50.66
10:04 Kalmar delivers five RTG to Evergreen in Taiwan
09:46 Tender on construction of terminal in Pionersky (Kaliningrad Region) declared void
09:25 Baltic Dry Index up to 954 points
09:04 One Sea - Autonomous Maritime Ecosystem introduced roadmaps to autonomous shipping
08:40 Rolls-Royce uses MTU propulsion for biggest High-Speed Catamaran in the Mediterranean
08:37 Svitzer places order for four additional tugs from Sanmar Shipyards