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DHT Holdings benefits from new VLCC vessels in Q2

Norwegian VLCC player DHT Holdings put a lid on the second quarter with increased revenue and improved earnings in a development which is particularly attributable to contributions from several new ships in the carrier's fleet.

Photo: DHT

Oslo-based DHT Holdings, which is especially active in the major VLCC tanker segment, sustained the positive developments into the second quarter of the year.

Revenue increased in this period to USD 98.7 million up from USD 82.9 million in the same quarter 2015, while the net result headed in the same direction and came to USD 35.5 million in this quarter, an increase from USD 22.1 million last year, according to the interim report from DHT Holdings.

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