DHT reports Q3 2023

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.

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