DHT Holdings, Inc. provides the following business update:

For the second quarter of 2025, the Company estimates time charter equivalent earnings for its fleet at $46,300 per day, comprising of $48,700 per day for the Company’s VLCCs operating in the spot market and $42,800 per day for the Company’s VLCCs on time charter. The estimated time charter equivalent earnings are based on 2,003 revenue days for the second quarter, of which 1,193 days are spot days.

Thus far in the third quarter of 2025, 53% of the available spot days have been booked at an average rate of $40,100 per day on a discharge-to-discharge basis. 73% of the available revenue days, spot and time-charter days combined, have been booked at an average rate of $40,300 per day.

In May 2025, the Company entered into a one-year time charter contract for DHT Bauhinia, built 2007, with a global energy company. The time charter contract has a rate of $41,500 per day. DHT Bauhinia was delivered into the time charter contract at the end of May 2025.
Source: DHT Holdings, Inc.