DHT reported their Q3 results earlier today. Company had already provided Q3 rate estimates a few weeks ago.
- Revenue of $130.3M
- Profit of $31M
- Q3 dividend of 19c/sh
- Took delivery of vessel acquired in H1 2023 - a 2018-build VLCC
- Adjusted Spot time charter avg of $42300 daily
Overall, pretty decent. All vessels in the fleet have scrubbers. Debt load is very reasonable - ~ $20M per vessel. Or less than scrap value.
VLCC rate recovery seems slower than other crude tanker categories.