DHT Holdings, Inc. announces completion of delivery of all vessels acquired from BW Group and transfer of two newbuilding con...
June 27 2017 - 7:55AM
HAMILTON, BERMUDA, June 27, 2017 - DHT Holdings, Inc. (NYSE:DHT)
("DHT") announced that it has completed the delivery of the nine
VLCCs acquired from the BW Group Limited and the contracts for the
two newbuildings due for delivery in 2018 have been transferred to
DHT. DHT has a fleet of 30 VLCCs, 26 in the water and four
under construction scheduled for delivery in 2018, as well as two
Aframaxes. The total dwt of the fleet is 9,498,752.
Senior management commented: "The delivery of the fleet
acquired from BW has been conducted in a speedy and efficient
manner, speaking volumes of the professionalism and commitment by
everyone involved both onshore and onboard the ships. Our
fleet has expanded by about 50% at what we think is an opportune
time in the cycle. The transaction will deliver cost
synergies by lowering G&A expenses per ship and is projected to
be accretive to DHT's earnings. Importantly, it will further
improve our already competitive cash break even levels."
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company operating a fleet
of crude oil tankers in the VLCC and Aframax segments. We operate
through our wholly owned management companies in Oslo, Norway and
Singapore. For further information: www.dhtankers.com.
Forward Looking Statements This press release contains
certain forward-looking statements and information relating to the
Company that are based on beliefs of the Company's management as
well as assumptions, expectations, projections, intentions and
beliefs about future events, in particular regarding dividends
(including our dividend plans, timing and the amount and growth of
any dividends), 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 March 23, 2017. 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.
CONTACTS: Eirik Uboe CFO Phone: +47 41292712 E-mail:
eu@dhtankers.com
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