DHT delays HHI newbuilding

Crude oil tanker firm DHT Holdings has reached an agreement with Hyundai Heavy Industries to defer the delivery of its final VLCC new building. The vessel was originally scheduled for delivery during the fourth quarter of 2016, with the delay caused by a repair plan put in place for its VLCCs.

DHT ordered a series of six VLCCs in total in 2013 and 2014. DHT Holdings said it has found a fracture surrounding the inspection window of the rudder during routine inspection of the DHT Jaguar, which was delivered by HHI in 2015, and it has implemented a permanent repair plan for a rudder design improvement on the DHT Jaguar and its sister ships.

The vessel, which is to be named DHT Tiger, will be delivered during January 2017 at no additional cost to DHT.

So far, DHT has booked 32% of its first quarter 2017 VLCC spot days at an average rate of $53,000 per day.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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