DHT Holdings, Inc. announces firm contract for 3 VLCC newbuildings
February 14 2014 - 4:27PM
DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today
announced that, with regards to the letter of intent announced on
January 31, 2014, it has entered into firm contracts to construct
three VLCCs at Hyundai Heavy Industries Co., Ltd. ("HHI") in South
Korea with a contract price of $97.3 million each, including $2.3
million in additions and upgrades to the standard specification.
Subsequently, the company's orderbook consist of six VLCCs ordered
at HHI that are scheduled for delivery in April, July, two 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#1762202
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