DHT Holdings (NYSE:DHT) said it has entered into sale agreements for two very large crude carriers, DHT China and DHT Europe, for a combined consideration of $101.6 million, as the tanker owner continues to optimize its fleet and strengthen liquidity.
The Monaco-based company, which trades on the New York Stock Exchange under the ticker DHT, said the vessels were built by Hyundai Heavy Industries in 2007 and are expected to be delivered to the buyer during the first quarter of 2026.
After repaying $5.6 million of outstanding debt associated with the ships, DHT expects to receive approximately $95 million in net cash proceeds from the transactions.
The company said it anticipates recording accounting gains of $30.4 million on the sale of DHT China and $29.7 million on the sale of DHT Europe.
DHT operates a fleet of crude oil tankers focused primarily on the VLCC segment, which transports oil on long-haul routes between major producing and consuming regions.
The sales come amid continued volatility in global tanker markets, influenced by shifting trade flows, geopolitical risks, and changes in fleet supply dynamics.