DHT fixes four on time charters

DHT fixes four on time charters

Oslo: New York-listed DHT Holdings has booked time charter contracts for four of its vessels.

VLCC DHT Chris (309,285dwt, built 2001) commenced a 10 month charter in February with a major commodity house at a rate of $45,000 per day. Aframax vessels, DHT Sophie (115,000dwt, built 2003) and DHT Cathy (115,000dwt, built 2004), have been chartered to an oil major for a period of 24 months commencing April/May 2015 at $22,500 per day. Lastly, Suezmax DHT Target (164,626dwt, built 2001) goes to an oil major this month for 12 months at $30,000 per day.

DHT says the four contracts will contribute $20m after operating expenses and debt servicing over the last three quarters of this year. The Olso-headquartered company has 18 tankers on the water, 14 of them VLCCs, with an additional 6 VLCCs on order.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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