DHT Holdings confirms timecharter extensions for three VLCCs

DHT Holdings confirms timecharter extensions for three VLCCs

NYSE-listed DHT Holdings has secured timecharter extensions on three of its VLCCs, which it says will bring in 1,800 days of timecharter equivalent earnings with a total value of around $85m. 

The timecharter of Samco Taiga (314,200 dwt, built 2012) has been extended for a further two years at a rate of $45,000 daily, DHT said today. Brokers previously reported the charterer is ExxonMobil, and the extension period commenced on October 23.

Samco Redwood (314,200 dwt, built 2011) has also had its timecharter extended by another two years for $47,300 daily.

Samco Europe (317,300 dwt, built 2007) has had its contract extended by another year at a daily rate of $53,200.

The vessels were among the seven VLCCs purchased by DHT from Singapore’s Samco Shipholding in 2014 for $322m en bloc.

London-based shipbroker and timecharter specialist Alibra Shipping today estimates daily rates of $49,500 for a one-year VLCC timecharter and $42,500 for a two-year charter.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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