ShippingWatch

Norway's DHT Holdings makes drastic impairment

DHT Holdings impaired its tanker fleet by more than USD 76 million in the third quarter which triggered a bottom line deficit of the same size.

Photo: PR-foto: DHT Holdings

Listed VLCC carrier, DHT Holdings, headquartered in Oslo, made an extreme impairment on its fleet of large crude carriers which triggered a net loss in the third quarter of USD 75.7 million, shows the carrier's interim report for the quarter.

Cleansed of the impairment for a total of USD 76.6 million on the fleet, which counts 20 VLCCs (Very Large Crude Carriers) and two Aframaxes, the quarter came to a small profit on the bottom line of USD 900,000 after an operating result (EBITDA) of USD 29.5 million, according to the report.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs