DHT Books Q4 Spot at ~$509K/Day; Q3 TCE $141K/Day
DHT has more than doubled off its 52-week low of $10.83.
Summary
DHT reported Q3 fleet TCE of $141,300/day on 2,055 revenue days, with spot at $167,100 and time-charter at $114,200. For Q4, about 50% of spot days are booked at roughly $509,100/day, and 78% of total revenue days are estimated at $225,200/day. These rates are exceptionally strong and imply significant near-term cash flow. The stock is trading near its 52-week high, reflecting the robust VLCC rate environment. This update provides concrete booking data that supports earnings and dividend expectations.
At the time of this announcement, DHT was trading at $25.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4B. The 52-week trading range was $10.83 to $25.07. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.