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.

BY OLE ANDERSEN

Published: 02.11.16 at 15:32

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.

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