DHT Holdings announces delivery of second VLCC newbuilding, DHT Addax, enhancing fleet and market presence.
Quiver AI Summary
DHT Holdings, Inc. announced the delivery of its second VLCC newbuilding, named DHT Addax, from Hanwha Ocean Co., Ltd., which will enter the spot market. This vessel is part of a series of four newbuildings scheduled for delivery in the first half of 2026, all of which are fully funded and aimed at enhancing the company's customer offerings and earnings potential. The next ship in the series is expected to be delivered in late March 2026. DHT operates a fleet of crude oil tankers internationally and emphasizes its commitment to quality operations, capital management, and corporate governance. The company also issued a warning regarding the forward-looking statements in the press release, advising caution in reliance on projections about future results.
Potential Positives
- DHT Holdings, Inc. has successfully taken delivery of its second VLCC newbuilding, DHT Addax, enhancing its fleet capacity.
- The new vessel is entering the spot market, which may increase the company's market exposure and potential earnings.
- With the newbuildings fully funded, DHT is positioned to strengthen its financial standing and customer offerings.
- Three additional VLCC newbuildings are expected to be delivered in the first half of 2026, indicating ongoing growth and investment in the fleet.
Potential Negatives
- Despite the delivery of new vessels, the press release emphasizes that there are significant uncertainties and risks associated with the company's future results, suggesting a potential lack of stability.
- The reliance on forward-looking statements may raise concerns for investors regarding the credibility of the company's projections and strategic plans.
- The press release does not provide specific details on the current financial performance or market conditions, which could lead to uncertainty among stakeholders about the company's immediate viability and operational environment.
FAQ
What is the name of the newly delivered VLCC by DHT Holdings?
The newly delivered VLCC is named DHT Addax.
How many VLCC newbuildings is DHT expecting?
DHT is expecting a total of four VLCC newbuildings to be delivered in 2026.
When is the next newbuilding scheduled for delivery?
The next newbuilding is scheduled for delivery in late March 2026.
What market will the DHT Addax enter?
The DHT Addax will enter the spot market.
What does DHT Holdings focus on in their operations?
DHT Holdings focuses on first-rate operations, customer service, and maintaining a disciplined capital allocation strategy.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DHT Hedge Fund Activity
We have seen 156 institutional investors add shares of $DHT stock to their portfolio, and 128 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ENCOMPASS CAPITAL ADVISORS LLC removed 1,899,098 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $22,694,221
- MAREX GROUP PLC added 1,066,552 shares (+5860.2%) to their portfolio in Q4 2025, for an estimated $13,022,599
- POINTSTATE CAPITAL LP removed 885,740 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $10,584,593
- CITADEL ADVISORS LLC added 766,744 shares (+320.1%) to their portfolio in Q4 2025, for an estimated $9,361,944
- JACOBS LEVY EQUITY MANAGEMENT, INC added 731,103 shares (+inf%) to their portfolio in Q4 2025, for an estimated $8,926,767
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 621,826 shares (+33.5%) to their portfolio in Q4 2025, for an estimated $7,592,495
- PUBLIC SECTOR PENSION INVESTMENT BOARD added 608,601 shares (+447.5%) to their portfolio in Q4 2025, for an estimated $7,431,018
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DHT Analyst Ratings
Wall Street analysts have issued reports on $DHT in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BTIG issued a "Buy" rating on 02/04/2026
- Evercore ISI Group issued a "Outperform" rating on 10/28/2025
To track analyst ratings and price targets for $DHT, check out Quiver Quantitative's $DHT forecast page.
$DHT Price Targets
Multiple analysts have issued price targets for $DHT recently. We have seen 3 analysts offer price targets for $DHT in the last 6 months, with a median target of $16.0.
Here are some recent targets:
- Gregory Lewis from BTIG set a target price of $18.0 on 02/04/2026
- Omar Nokta from Jefferies set a target price of $16.0 on 10/30/2025
- Jonathan Chappell from Evercore ISI Group set a target price of $15.0 on 10/28/2025
Full Release
HAMILTON, BERMUDA, March 6, 2026 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces that it has taken delivery of the second VLCC newbuilding from Hanwha Ocean Co., Ltd. The vessel is named DHT Addax and is entering the spot market. It is the second in a series of four VLCC newbuildings to be delivered to the Company during the first half of 2026. The newbuildings are fully funded and will increase the Company’s customer offerings and earnings power. The next newbuilding is scheduled for delivery in late March 2026.
About DHT Holdings, Inc.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our fleet employment with a combination of market exposure and fixed income contracts; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit
www.dhtankers.com
.
Forward Looking Statements
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company’s management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as “believe,” “intend,” “anticipate,” “estimate,” “project,” “forecast,” “plan,” “potential,” “will,” “may,” “should” and “expect” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company’s Annual Report on Form 20-F, filed with the SEC on March 20, 2025.
The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.
Contact:
Laila C. Halvorsen, CFO
Phone: +1 441 295 1422 and +47 984 39 935
E-mail: [email protected]
