DHT Posts Record Q2 VLCC Spot Rates of $162,600/Day and Locks In a New 3-Year Charter
DHT sits 66% above its 52-week low of $10.61.
Summary
DHT Holdings reported a new high in Q2 2026 estimated VLCC spot TCE of $162,600/day and secured a 3-year time charter at $75,000/day for the DHT Jaguar. Q3 spot bookings stand at $139,700/day, signaling some softening but still robust rates.
Key Events · Earnings and Guidance · DHT
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Record Q2 Spot VLCC Rates
Estimated VLCC spot TCE of $162,600 per day in Q2 2026, up sharply from prior quarters, on 1,007 spot days.
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New 3-Year Time Charter
VLCC DHT Jaguar (built 2015) fixed at $75,000 per day for 3 years, commencing September 2026, with a global energy major.
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Q3 Bookings Show Moderation
48% of Q3 spot days booked at $139,700 per day; total fleet TCE booked at $94,300 per day, reflecting a seasonal pullback from Q2 peaks.
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Fleet Utilization
Q2 revenue days totaled 2,012, with spot days accounting for 1,007, indicating high fleet employment.
Analysis · DHT · Energy & Transportation
A tight tanker market propelled DHT's Q2 spot VLCC earnings to an estimated $162,600 per day—nearly double the prior quarter's already robust levels. Adding visible cash flow, the company secured a new 3-year time charter at $75,000 per day for a 2015-built VLCC. While Q3 bookings point to moderating spot rates of $139,700 per day, they remain historically high. This update confirms the tanker upcycle is delivering exceptional earnings, though the sequential decline in spot bookings warrants attention.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DHT was trading at $17.61 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $10.61 to $20.55. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.