New York-listed crude oil tanker company DHT Holdings has reached an agreement to sell two of its very large crude carriers (VLCCs), the 317,794-dwt DHT China and the317,713-dwt DHT Europe, for a combined price of $101.6m.

Both vessels were constructed at the Hyundai shipyard in 2007. The hand-over to the new owner is scheduled for the first quarter of 2026.

After repayment of existing debt on the vessels, amounting to $5.6m in aggregate, DHT expects the transaction to generate net cash proceeds of approximately $95.0m.

Furthermore, the company expects to record gains of $30.4m and $29.7m respectively to the sales.

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