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News  ›  GlobeNewswire Inc.

DHT Holdings, Inc. announces the sale of two VLCCs

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
DHT Holdings, Inc. announces the sale of two VLCCs

DHT Holdings announced the sale of two crude oil tankers (DHT China and DHT Europe) for a combined $101.6 million. After debt repayment of $5.6 million, the company expects net cash proceeds of approximately $95.0 million and will record gains of $30.4 million and $29.7 million respectively from the sales. Both vessels, built in 2007, are expected to be delivered in Q1 2026.

Insights
CMCSA   positive

Company is investing $4 billion in California technology infrastructure, expanding rural internet access, and supporting local community digital opportunities through grants and library contributions


DHT   positive

The company is generating significant net cash proceeds ($95 million) and substantial gains ($60.1 million combined) from the asset sale. This demonstrates effective capital allocation and provides liquidity for potential dividends, debt reduction, or share buybacks, which aligns with the company's stated disciplined capital allocation strategy.