DHT Holdings Up 59% YTD with VLCC Delivery and $101.6M Vessel Sales
DHT Holdings stock has gained 59.05% year-to-date, closing Monday at $18.97 after a 4.9% weekly rise driven by elevated crude tanker rates and fleet upgrades. The company added a VLCC in January, sold two vessels for $101.6m in December, and booked 76% of Q1 2026 spot days at $78,900.
1. Stock Performance
DHT Holdings closed Monday at $18.97, up 4.9% from Friday’s $18.07 and up 59.05% year-to-date. The stock is also up 30.60% over the past month, 89.47% over the past year, and 327.98% over five years, reflecting strong market momentum.
2. Fleet Modernization
In January 2026, DHT Holdings took delivery of a new fuel-efficient VLCC, expanding its modern fleet. In December 2025, the company sold two older vessels for $101.6 million, strengthening its balance sheet and focusing capital on newer tonnage.
3. Charter Rate Bookings
The company has secured bookings for 76% of Q1 2026 spot days at an average $78,900 per day, well above the $18,300 per day breakeven level. This strong forward cover positions DHT to capture elevated crude tanker rates and support cash flows.