On June 3, 2026, DHT Holdings, Inc.(“DHT” or the “Company”) announced it has entered into an agreement with Hanwha Ocean for the construction of a new Very Large Crude Carrier (VLCC). The vessel is scheduled for delivery in August 2028.
The vessel will be a sister of the two Hanwha vessels the Company took delivery of in the first quarter of 2026. It will be built to high specifications with premium earning power through advanced fuel economics, reduced emissions and large carrying capacity.
In February 2024, DHT signed a shipbuilding contract with Hanwha Ocean for the “DHT Antelope” and “DHT Addax,” with an option for two more vessels of the same type. Whether the newly signed shipbuilding contract is an option remains uncertain.
The project aligns with DHT’s disciplined capital allocation strategy, being financed by cash flow from operations, available liquidity, and projected mortgage debt.
Svein Moxnes Harfjeld, President and Chief Executive Officer of DHT Holdings, Inc., commented: “We are very pleased with the two newbuildings delivered from Hanwha earlier this year and look forward to adding another vessel to our Antelope Class series through this early delivery opportunity provided by Hanwha.” He further stated: “This order reflects our continued focus on maintaining a high-quality, efficient fleet to service our customers while building long-term value for our shareholders.”
According to its official website, DHT is an independent crude oil tanker company with a fleet of over 20 VLCCs (including those under construction or awaiting sale), operating globally through integrated management companies in Monaco, Norway, Singapore, and India.