Tanker company DHT Holdings (DHT) report Q3 2024 results on 11/12/24, including
- Rev of $141.1M
- Profit of $35.2M
- Daily avg TCE of $42,400 (spot avg $43,700)
- Declared Q3 div of 22c/sh
Towards the end of Q3, DHT secured a 1-yr time charter at a very nice rate ($55K daily). Given their avg TCE for vessels under time-charters was < $40K daily, this is a very positive rate development.
DHT have a 4 vessel newbuild program - that suggests some Capex spending this year and next.