DHT Holdings, Inc. provided a business update, estimating time charter equivalent (TCE) earnings for its fleet in the second quarter of 2025 at $46,300 per day. This figure includes $48,700 per day for VLCCs operating in the spot market and $42,800 per day for vessels on time charter. The Q2 estimates are based on 2,003 revenue days, with 1,193 days in the spot market.
For the third quarter of 2025, the company reported that 53% of its available spot days have been booked at an average rate of $40,100 per day on a discharge-to-discharge basis. Additionally, 73% of the combined available revenue days, including both spot and time-charter days, have been booked at an average rate of $40,300 per day, providing early visibility into the upcoming quarter's performance.
In May 2025, DHT Holdings entered into a one-year time charter contract for the DHT Bauhinia, a 2007-built vessel, with a global energy company at a rate of $41,500 per day. The DHT Bauhinia was delivered into this time charter contract at the end of May 2025, adding to the company's portfolio of fixed-income contracts.
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