New York-listed crude oil tanker company DHT Holdings Inc. has inked an agreement to sell a tanker built in 2007 at Daewoo.

The tanker owner said on Friday that it has reached a deal to sell the 301,019-dwt DHT Bauhinia, built in 2007, for a price of $51.5m.

The vessel is expected to be delivered to its new owner during June or July 2026.

As informed, the vessel is debt free and the company expects to record a gain of $34.2m related to the sale.

At the beginning of the year, the owner took delivery of the 320,000-dwt VLCC newbuilding DHT Antelope from Hanwha Ocean Co., Ltd. It is the first of a series of four VLCC newbuildings to be delivered to the company during the first half of 2026.

In December, the company also sealed an agreement to sell the DHT China and the DHT Europe for a combined price of $101.6m.

Both vessels were built at Hyundai in 2007. After repayment of existing debt on the vessels, amounting to $5.6m in aggregate, the transaction is expected to generate net cash proceeds of approximately $95m. The company said it expects to record gains of $30.4m and $29.7m respectively to the sales.

DHT fleet trades internationally and consists of crude oil tankers in the VLCC segment. The company operates through its wholly-owned management companies in Monaco, Norway, Singapore, and India.