• 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 June 27

18:36 Hapag-Lloyd to implement new GRI for all dry, reefer, flat rack and open top containers from East Asia to US and Canada
18:06 JAXPORT Board of Directors unanimously approves start of Jacksonville Harbor Deepening
17:52 Vympel Shipyard launches fourth Grachonok-class boat of Project 21980
17:36 DNV GL updates the widely used recommended practice for free spanning pipelines
17:24 Vyborg Shipyard hosted meeting focused on localization of ship equipment production in the Russian Federation
17:06 DOF Subsea contract awards in the North Sea and in Canada
16:43 Panama Canal commemorates one-year anniversary of expanded Canal
16:40 Coal exports via Rosterminalugol terminal hit 11 mln t milestone this year (photo)
16:19 Wood Group secures FEED for Alexandroupolis LNG project in Northern Greece
16:12 Port of Helsinki publishes instructions for the safe LNG bunkering of ships
15:55 Insolvency administrator and representatives of Port Equipment LLC shut off from company assets at the port of Vyborg
15:47 Damen Multi-role Aviation Training Vessel arrives in home port of Sydney, Australia
14:44 Krylov State Research Center announces opening of its 40-MW electrical test unit on 28 June 2017
14:26 NYK selected for FTSE4Good Index for the 15th straight year
14:22 Russia’s General Board of State Expert Review approves construction of utilities for sea terminal in Pionersky (Kaliningrad region)
14:03 Norway to implement maritime broadband communication on ships and planes in public service
13:47 Glosten completes design of 150-passenger hybrid electric ferry for Kitsap Transit
13:30 Wan Hai Lines enhances China - Southeast Asia service network
13:23 Goodman increases warehouse space at its logistics centre at the Port of Gdansk
13:17 DFDS Logistics uses biofuel for trucks in Gothenburg
12:58 Bunker prices go up at the Far East ports of Russia (graph)
12:07 RF Navy’s missile ships practiced interaction in the Baltic Sea
11:39 Arctic Economic Council welcomes Statoil as Northern Partner
11:15 NIBULON launches the last tugboat in a series of three vessels of Project 121M
10:48 Ministry of Infrastructure of Ukraine appoints new Head of USPA's Nikolaev branch
10:16 New Skangas Board member appointed
09:52 Brent Crude futures price up 0.28% to $46.17, Light Sweet Crude – up 0.23% to $43.48
09:35 Passenger Port of St. Petersburg welcomed 19 cruise ships last week
09:13 Baltic Dry Index up to 884 points

2017 June 26

18:04 2 MOL-operated / managed vessels selected as 2016 'Best Quality Ships Award'
17:51 Gas from Lithuanian LNG terminal will be stored in the Latvian Inčukalns storage facility for the first time
17:34 EUROGATE publishes first sustainability report
17:04 Diving support vessel Redsborg from the Wagenborg Offshore sets direction to St. Eustatius
16:48 Murmansk Region and Gazprom Geologorazvedka sign agreement on social and economic development
16:34 ZIM deploys an 11,000 TEU vessel in the Asia-ECSA Trade
16:04 Upcoming State of the Baltic Sea report to be in focus in the 2018 HELCOM Ministerial Meeting
15:50 Baltic Sea Tug Agency provided towing and mooring services to the largest bulk carrier welcomed by the port of Ust-Luga (photo)
15:34 Aker Solutions to supply umbilicals for Mozambique's first offshore field development
15:04 DEME’s subsidiary GeoSea to install offshore foundations for EnBW offshore wind farm Albatros in Germany
14:38 Nevsky Shipyard will launch dry cargo vessel of Project RSD 49 on 29 June 2017 (photo)
14:19 Damen prepares Columbus for summer cruise season
14:15 Average wholesale prices for М-100 HFO down to RUB 9,573 in RF spot market
13:49 Rosterminalugol welcomed the largest bulker in the history of Ust-Luga port (photo)
12:56 Upcoming State of the Baltic Sea report to be in focus in the 2018 HELCOM Ministerial Meeting
12:03 New City Terminal entrance improves accessibility of Rotterdam’s city and port
11:34 Port of Rotterdam Authority contracts four PortXL start-ups
11:11 Baltic Sea Tug Agency LLC assisted floating crane involved in lifting of sunken barge (photo)
10:48 Decade-old Betuwe Route crucial for sustainable growth of port of Rotterdam
10:25 Seafarer abandonment was the subject of a seminar held at IMO Headquarters
10:00 Brent Crude futures price up 0.98% to $46.22, Light Sweet Crude – up 1.09% to $43.48
09:37 Nevsky Shipyard starts mooring trials of salvage tug Kalas
09:16 Baltic Dry Index up to 870 points

2017 June 25

14:10 NYK Rumina receives Japanese Pilots' Best Quality Ship Award
14:08 JAXPORT welcomes largest containership to ever call a Florida port

2017 June 24

08:22 Viking Cruises christens Viking Sky in Tromsø, Norway
08:20 Atlas Maritime join the V8 Pool
08:08 Van Oord starts collaboration with start-up acceleration platform PortXL
08:06 Day of the Seafarer is on 25 June

2017 June 23

18:04 CMA CGM announces PSS from Asia to North Europe
17:50 Severnaya Verf will launch the Gremyashchy, corvette of Project 20385, on 30 June 2017