DHT Holdings, Inc. announces acquisition of VLCC
May 07 2014 - 9:07AM
DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today
announced that it has acquired a VLCC built in 2004 at Daewoo for
USD 49.0 million. The vessel will be delivered during the second
quarter of 2014 and will be named DHT Condor. The Company will
finance the acquisition with cash at hand. DHT considers this an
attractive addition to its fleet and will continue to pursue
investment opportunities and grow the Company.
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, Suezmax and Aframax segments. We operate through our
wholly owned management companies in Oslo, Norway and Singapore.
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 transparent
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#1783440
DHT (NYSE:DHT)
Historical Stock Chart
From Mar 2024 to Apr 2024
DHT (NYSE:DHT)
Historical Stock Chart
From Apr 2023 to Apr 2024