DHT Holdings, Inc. announces firm contract for 3 VLCC newbuildings

DHT Holdings, Inc. (DHT) announced that, with regards to the letter of intent announced on January 31, 2014, it has entered into firm contracts to construct three VLCCs at Hyundai Heavy Industries Co., Ltd. ("HHI") in South Korea with a contract price of $97.3 million each, including $2.3 million in additions and upgrades to the standard specification. Subsequently, the company's orderbook consist of six VLCCs ordered at HHI that are scheduled for delivery in April, July, two in September, October and November 2016.

DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC, Aframax and Suezmax segments. We operate out of Oslo, Norway, through our wholly owned management company. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for our fleet and a clean corporate structure maintaining a high level of integrity and good governance.
Source: DHT Holdings, Inc.