• 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 August 22

11:59 Maritime security code under review
11:36 ABB’s Onboard DC Grid enables integration of energy storage on specialized hybrid wind farm vessel
11:24 Stealth Maritime Corp. comments on collision of Navy vessel and its Liberia flagged tanker
11:12 FESCO launches its first transit train between China and Europe via Mongolia
10:44 About RUB 14 bln spent for construction of Vykhodnoy-Lavna line under MTH project – Murmansk Region Governor (photo)
10:20 Brent Crude futures price up 0.58% to $51.97, Light Sweet Crude – up 0.59% to $47.81
09:57 Association of Commercial Sea Ports congratulates the management and the team of UCL Holding on the group’s 10th anniversary!
09:35 Coal exports via Rosterminalugol terminal hit 15 mln t milestone this year (photo)
09:14 Baltic Dry Index up to 1,099 points

2017 August 21

18:06 Bahri completes registration of ASLAF under Saudi national flag
17:51 BC Ferries releases first quarter results
17:28 Khersones sailing ship takes part in celebrations marking Yalta City Day
17:06 ClassNK paves the way for HKC verification expansion to South-East Asia
16:53 Passenger Port of St. Petersburg welcomed 15 cruise ships last week
16:32 CMA CGM announces GRI from Asia to Panama, the Caribbean and Cuba on PEX2 service
16:14 Damen launches free dredge calculator
15:46 Linter Shipping Agency congratulates UCL Holding with its 10th anniversary!
15:18 Vice-Admiral Kulakov, major ASW ship of RF Navy’s Northern Fleet made the first business call to Cyprus
14:57 Admiral Vladimirsky research vessel of RF Navy's Baltic Fleet crossed the English Channel
14:29 MNP Group congratulates the team of UCL Holding on the 10th anniversary!
14:00 Average wholesale prices for М-100 HFO up to RUB 11,601 in RF spot market
13:33 RF President gives instructions for allocation of RUB 100 bln in 2017 to modernize BAM and Transsib infrastructure
13:02 Qatar and RasGas complete the first co-loading of LNG for split delivery
12:51 Vostochny Port’s Phase 3 obtains 34 units of small-scale mechanization equipment for RUB 300 mln (photo)
12:46 Nakilat and Shell complete first phase of LNG carrier management transition programme
12:02 Marine Engineering Bureau congratulates its colleagues from Universal Cargo Logistics Holding on the 10th anniversary!
10:48 Total to acquire Maersk Oil for USD 7.45bn
10:40 Brent Crude futures price down 0.06% to $52.69, Light Sweet Crude – flat at $48.66
10:17 Weatherdock's easyONE gets TOP grade at YACHT magazine test reports
09:56 Bunkering tanker Aginskoye will operate at the ports of Varna and Bourgas (Bulgaria)
09:34 Russian Maritime Register of Shipping congratulates UCL Holding management and personnel on the anniversary
09:17 TEN charters two Suezmaxes
09:13 Baltic Dry Index up to 1,260 points

2017 August 18

18:21 TOTE plans to establish new U.S. mainland to Hawai’i shipping service
18:06 CMA CGM announces FAK Rates from Asia to Mediterranean
17:55 NCSP volumes for 7M 2017 totaled 85.2 mln tons
17:27 Alexander Masko re-elected as Director General of Murmansk Commercial Seaport (photo)
17:06 Austal and ASC Shipbuilding re-commit to sovereign national shipbuilding endeavour
16:42 Nuclear-powered icebreaker 50 Let Pobedy sets a record having reached the North Pole for 79 hours
16:18 IBIA supports continued efforts to protect MFM integrity and expanding application to terminal loadings
16:16 Fjord Line doubles the capacity on the fastest route between Norway and Denmark
15:45 Sea Port of Saint-Petersburg renews its equipment
15:19 Finnish Transport Agency reports increase of import/export volumes in international seaborne trade of HI’17
14:51 Indicative bunker prices go down at the port of Saint-Petersburg (graph)
14:26 Marine Rescue Service of Rosmorrechflot congratulates the team of UCL Holding on the group’s 10th anniversary!
14:04 Severodvinsk nuclear submarine of the Northern Fleet carried out missile firing
13:40 Arctic Economic Council took part in 2017 North Pacific Arctic Conference
13:02 CMA CGM announces GRI from Asia to Mexico, West Coast South America & West Coast Central America
12:37 Tuco Marine delivers hydrographic survey boat to Nelleman Survey
12:23 LNG Croatia announces investigation of the seabed at LNG terminal site
11:38 Nevsky Shipyard congratulates the team of UCL Holding with the group’s 10th anniversary!
11:09 Team Tankers International announces Q2 2017 results
10:45 FSBI Baltic Sea Ports Administration congratulates the team of UCL Holding on the group’s anniversary!
10:22 Brent Crude futures price down 0.12% to $50.97, Light Sweet Crude – down 0.13% to $47.03
10:00 Port of Cardiff invests over £4 million to support steel sector
09:37 Tehnoros congratulates the team of UCL Holding on the group’s anniversary!
09:14 Baltic Dry Index up to 1,247 points
07:48 Admiral Vidal Francisco Soberón Sanz takes part in a symbolic coin ceremony at Damen Schelde Naval Shipbuilding

2017 August 17

18:06 Carnival Paradise to offer five additional cruises to Havana, Cuba, from port of Tampa in 2018
17:50 10 cruise ships will call at the Port of Southampton this weekend