DHT Holdings, Inc. announces letter of intent for three additional VLCC newbuildings
January 31 2014 - 10:34AM
DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") has entered
into a letter of intent ("LOI") with Hyundai Heavy Industries Co.,
Ltd. ("HHI") in South Korea for the construction of three
additional VLCCs at a contract price of $97.3 million each,
including $2.3 million in additions and upgrades to the standard
specification, for delivery in September, October and November
2016.
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company.
Our fleet trades internationally and consists of crude oil tankers
in the VLCC, Aframax and Suezmax segments. We operate out of Oslo,
Norway, through our wholly owned management company. You shall
recognize us by our business approach with an experienced
organization with focus on first rate operations and customer
service, quality ships built at quality shipyards, prudent capital
structure with robust cash break even levels to accommodate staying
power through the business cycles, a combination of market exposure
and fixed income contracts for our fleet and a clean corporate
structure maintaining a high level of integrity and good
governance. For further information: www.dhtankers.com.
Forward Looking Statements
This press release contains assumptions, expectations,
projections, intentions and beliefs about future events, in
particular regarding daily charter rates, vessel utilization, the
future number of newbuilding deliveries, oil prices and seasonal
fluctuations in vessel supply and demand. When used in this
document, words such as "believe," "intend," "anticipate,"
"estimate," "project," "forecast," "plan," "potential," "will,"
"may," "should" and "expect" and similar expressions are intended
to identify forward-looking statements but are not the exclusive
means of identifying such statements. These statements
reflect the Company's current views with respect to future events
and are based on assumptions and subject to risks and
uncertainties. Given these uncertainties, you should not
place undue reliance on these forward-looking statements.
These forward-looking statements represent the Company's
estimates and assumptions only as of the date of this press release
and are not intended to give any assurance as to future results.
For a detailed discussion of the risk factors that might
cause future results to differ, please refer to the Company's
Annual Report on Form 20-F, filed with the Securities and Exchange
Commission on April 29, 2013.
The Company undertakes no obligation to publicly
update or revise any forward-looking statements contained in this
press release, whether as a result of new information, future
events or otherwise, except as required by law. In light of
these risks, uncertainties and assumptions, the forward-looking
events discussed in this press release might not occur, and the
Company's actual results could differ materially from those
anticipated in these forward-looking statements.
CONTACT:
Eirik Ubøe, CFO
Phone: +1 441 299 4912 and +47 412 92
712
E-mail: eu@dhtankers.com
HUG#1758444
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