Dht Holdings Inks Seven-Year Vlcc Time Charter Deal

DHT Holdings Inc. crude oil tanker company has secured this month a seven-year time charter contract for DHT Appaloosa, 318,918-dwt, built in 2018, with a “global energy company.”

The time charter contract has a fixed base rate of $41,000 per day plus an index-based profit-sharing structure calculated on the ship’s specifications.

Meanwhile, all index-based earnings in excess of $41,000 will be shared equally between the customer and DHT. As reported, the customer has the option to extend for two additional years.

The vessel DHT Appaloosa is expected to deliver into the time charter contract in May 2025.

The company last month entered into a one-year time charter contract for the DHT Tiger, built in 2017, with a “global energy company.” The time charter contract has a rate of $52,500 per day.

The 299,629-dwt vessel DHT Tiger was delivered into the time charter contract at the end of March 2025.

DHT, which operates through its integrated management companies in Monaco, Norway, Singapore, and India, has a fleet of crude oil tankers in the VLCC segment.