DHT Holdings: Tanker market in complete upturn

Tanker carrier DHT Holdings is optimistic about the market conditions for major tankers in spite of a USD 8.1 million deficit in the 2nd quarter 2014, one of the company's two CEOs, Trygve P. Munthe, tells ShippingWatch.

Photo: DHT Holdings

A deficit does not make co-CEO of tanker carrier DHT Holdings, Trygve P. Munthe, falter. Quite the opposite, as things are only going one way for the tanker market - up, he tells ShippingWatch in relation to the tanker carrier's 2nd quarter interim report.

DHT Holdings - which is listed on the New York Stock Exchange and whose management is Norwegian - finished the quarter with a deficit of USD 8.1 million, a slightly bigger loss than the USD 7.7 million deficit in the same quarter last year. Net revenue came to USD 14.5 million, an improvement from USD 10.3 million in the same period 2013. The tanker markets are traditionally weaker in the 2nd quarter, and on this basis the carrier is pleased with the result, says Trygve P. Munthe (photo, left):

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