High tanker rates yield record profit for DHT

The high tanker rates of late 2019 ensured the highest quarterly result for DHT Holdings to date. The upturn has continued into 2020, where the tanker company's scrubber efforts have already brought major cost savings.

Photo: DHT Holding / PR

Tanker shipping company DHT Holdings has never earned as much in a single quarter as it did in the last three months of 2019.

With a profit of USD 75.9 million after taxes, the Bermuda-based tanker operator booked its best quarterly result in its 15 years of existence. As much as USD 47 million of these will be paid to shareholders in dividends.

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