ShippingWatch

DHT Holdings' result plunges on diving supertanker rates

Since the second quarter this year, spot rates on supertankers have gone down by more than 50 percent, and this impacts DHT Holdings' result for the period.

Svein Moxnes Harfjeld, Co-CEO (right) & Trygve P. Munthe, Co-CEO (left). | Photo: DHT Holdings/PR-foto

The boom in the tanker market this spring has petered out, and this can be felt at tanker operator DHT Holdings.

The rates on VLCC supertankers climbed to historic highs earlier this year following a price war between Saudi Arabia and Russia, which flooded the market with cheap crude oil.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Further reading

Related articles

Trial banner

Latest news

See all jobs