DHT Holdings Orders New VLCC for August 2028, Strong Buy Upgrade Cites $91,700 Dayrates
DHT•DHT Holdings ordered a new high-spec Antelope Class VLCC from Hanwha Ocean for August 2028 delivery, financed by operations cash flow, available liquidity and mortgage debt. Analysts upgraded to Strong Buy after Q1 spot rates hit $91,700/day, 88% of Q2 days at $168,300/day and a 16.3% projected dividend yield.
1. VLCC Newbuilding Agreement
DHT Holdings signed a contract with Hanwha Ocean for one new high-spec Antelope Class VLCC, sister to two vessels delivered in Q1 2026, with delivery scheduled for August 2028 and financing via operations cash flow, available liquidity and projected mortgage debt.
2. Strong Buy Rating Boosted by Rising Dayrates
The stock was upgraded to Strong Buy after Q1 spot rates reached $91,700 per day, 88% of Q2 spot days were booked at $168,300 per day and the company’s 100% net income payout policy underpins a projected 16.3% dividend yield.
