• 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 March 24

14:42 FSUE Rosmorport Executive Director took part in the conference “Port Infrastructure of Russia”
14:20 Svitzer and Sanmar sign contract for a newbuild 80 tbp ASD escort tug
14:01 Icebreakers of FSUE Rosmorport have escorted 5,573 this season
13:37 BPO debate at the European Parliament focused on Baltic ports in the TEN-T network
13:15 MOL completes study project to equip in-service vessels with SOX scrubber systems
12:53 IMO participated in the 20th E-Navigation Committee meeting in France
12:35 ClassNK issues first EGCS ready notation
12:32 World Maritime University and UN Environment step up cooperation to achieve Sustainable Development Goals
12:01 CMA CGM to launch a unique offer between Asia and West Coast South America
12:00 Bunker market at Russian port of Novorossiysk sees mixed price movements (graph)
11:38 DNV GL welcomes B.A.P Carrasco to fleet
11:11 Spring floods on the Lower Volga forecasted to begin in April
10:49 Guam’s oil spill recovery capacity significantly improved
10:24 VNT organized a public discussion on the Vapour Recovery Unit project
09:58 Brent Crude futures price up 0.24% to $50.68, Light Sweet Crude – up 0.347% to $47.86
09:35 Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
09:17 Baltic Dry Index up to 1,196 points

2017 March 23

18:16 NDQ sets up in Maritime Logistic Zone in Zeebrugge
18:06 COSCO (Dalian) Shipyard delivers a module carrier
17:55 Zelenodolsk Plant and Krylov Centre striving to expand cooperation
17:36 Rhenus takes a 40 percent shareholding in the ARKON Shipping Group
17:16 Nakilat transitions LNG Mesaimeer to in-house management
17:12 MABUX: The state of uncertainty on global fuel market
17:06 Port Bronka is officially announced as a deepwater port
16:52 Anglo-Eastern, Optimarin and Saga join forces for ground-breaking Manila-based BWT training facility
16:40 MacGregor and Rolls-Royce to explore implications of autonomy for container ships
16:10 Throughput of Chinese ports up 7.1% to 1.36 bln t in Jan-Feb'17
16:03 DHT Holdings announces acquisition of 11 VLCCs from BW Group
15:48 Port of Singapore throughput up 7% to 99.15 mln t in Jan-Feb'17
15:25 SENAN takes delivery of four Interceptor 1102 vessels from Damen
14:52 Corvettes of RF Navy's Baltic Fleet carried out artillery strike on ship detachment of conditional enemy
14:29 Rail Baltica progress discussed with the European Coordinator Ms. Trautmann
14:01 VSTEP and Damen sign cooperation agreement for Royal Bahamas Defence Force project
13:46 Murmansk Region Governor Marina Kovtun took part in “Fishery in the Arctic" conference
13:13 Project Deepening and Widening of Mumbai Harbour Channel and JN Port Channel (Phase-II) gets governmental approval
12:55 Heading towards the 2020 sulphur limit highlighted during maritime industry events in Denmark
12:34 Unique crane equipment delivered to Zvezda shipbuilding complex
12:12 Ulstein Verft is about to complete ship service on the sixth ship this year
11:51 Bunker prices are slightly up at the Far East ports of Russia (graph)
11:30 Two NYK vessels receive Panama Canal's Green Connection Award
11:17 First fish terminal created at the port of Petropavlovsk-Kamchatsky (photo)
11:01 APL extends cargo assurance for protection against cargo-in-transit risks
10:31 Ocean Yield ASA announces delivery of container vessel with 15 years charter
10:13 Brent Crude futures price up 0.75% to $51.02, Light Sweet Crude – up 0.79% to $48.42
10:10 THE Alliance starts new Mediterranean services
09:59 German Federal Office for Agriculture and Food awards Damen Fisheries Research Vessel contract
09:52 Baltic Dry Index up to 1,190 points
09:36 CITLE offers market entry to western China
09:19 Finnpilot Pilotage Ltd.’s result for 2016

2017 March 22

18:50 FAS Russia oblidges NCSP transfer revenue from its monopolistic activities into the federal budget
17:45 Ukraine’s water transport carried 1,000 passengers in Jan-Feb'17, down 32%, Y-o-Y
17:24 Caspian Flotilla ships are getting ready to participate in the Sea Cup 2017 international contest
17:06 Svitzer purchases newbuild 80 tbp ASD escort tug
16:51 ORBCOMM, Pole Star and Weatherdock launch Class B vessel tracking solution
16:30 USC of Russia and ZPMC (China) sign memorandum of cooperation (photo)
15:46 RF Transport Ministry sees prospects of creating dry bulk area of port Taman in 2020-2025
15:21 CMA CGM announces FAK rates from April 1st, 2017
15:00 Rosmorrechflot appoints Harbour Masters of Dikson and Dudinka ports
14:25 Handling and mooring tariff changed in the Kaliningrad Seaport
14:02 Navantia chooses MAN main and GenSet engines to power two fleet-support-tanker newbuildings