DHT Holdings reports Q1 time charter equivalent earnings $50,900 per day

DHT Holdings provided the following business update: “For the first quarter of 2024, the Company estimates time charter equivalent earnings for its fleet at $50,900 per day, comprising of 54,000 per day for the Company’s VLCCs operating in the spot market and $39,500 per day for the Company’s VLCCs on time-charter. The estimated time charter equivalent earnings are based on 2,091 revenue days for the first quarter, of which 1,636 days are spot days. Thus far in the second quarter of 2024, 42% of the available spot days have been booked at an average rate of $54,200 per day on a discharge-to-discharge basis. 54% of the available revenue days, spot and time-charter days combined, have been booked at an average rate of $46,900 per day.”