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DHT reports better rates in fourth quarter

DHT Holdings enters the red in the third quarter in a pressured tanker market, while the crude oil carrier reports higher rates in the fourth quarter and expectations of a stronger 2022.

Photo: PR / DHT Holdings

Major crude oil carrier DHT Holdings continues to dive in the third quarter, with a declining revenue and a bottom line that has entered the red.

The crude oil carrier generated revenue of USD 59.1 million from its fleet of large VLCC super tankers, a drop from USD 65.9 million in the second quarter and USD 142.2 million in the same period last year, shows the financial report released Wednesday.

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