On November 9, New York-listed tanker owner DHT Holdings disclosed in its third-quarter 2026 earnings report that it has signed a contract with Hanwha Ocean for the construction of one Very Large Crude Carrier (VLCC). The new vessel is scheduled for delivery in April 2029; the contract price was not disclosed.
Including these latest orders, DHT has contracted a total of four VLCCs from Hanwha Ocean over the past two years. The shipbuilding contracts were signed in February 2024 (for two vessels), June 2026 (for one vessel), and November 2026 (for one vessel). The first two vessels—named DHT Antelope and DHT Addax—were delivered in the first quarter of 2026, while the third vessel is scheduled for delivery in August 2028.
DHT stated that the newly contracted vessels are sister ships to the three VLCCs previously ordered from Hanwha Ocean. With a capacity of 320,000 deadweight tonnes (DWT) and built to high-end specifications, these vessels offer exceptional profitability, driven by superior fuel efficiency, low emissions, and a massive cargo-carrying capacity.
Regarding fleet expansion, DHT’s most recent vessel delivery took place on July 24, with the receipt of the DHT Impala—a 320,000 DWT VLCC built by HD Hyundai Samho. This vessel is the fourth and final newbuild that DHT was scheduled to take delivery of by 2026. As of September 30, 2026, DHT’s fleet comprised 23 operational VLCCs, with a total capacity exceeding 7.18 million DWT.
Regarding quarterly performance, DHT’s profit after tax reached $270.9 million for the third quarter of 2026, reflecting a sustained upturn in the tanker market and the company’s strong commercial performance. For the first three quarters of 2026, DHT’s profit after tax totaled $633.7 million—the highest level of profitability in the company’s history—further underscoring the robust growth trend within the market environment.
In terms of quarterly performance, DHT’s after-tax profit reached $270.9 million in the third quarter of 2026, reflecting the continued strength of the tanker market and the company’s robust business performance. For the first three quarters of 2026, DHT’s after-tax profit totaled $633.7 million, marking the company’s highest-ever profit level and underscoring the steady growth of the market environment.