DHT Holdings sells 2001-built VLCC

MARCH 17, 2017 — DHT Holdings, Inc. (NYSE:DHT) reports that it has entered into agreement to sell the DHT Ann, a 2001 built VLCC, for $24.8 million.

The sale is in accordance with the company's fleet renewal strategy. The company will deliver the vessel to its new owners during the second quarter and it is expected to retire from the trading fleet.

About $13.0 million of bank debt will be repaid in connection with the sale and the company will record a book loss of about $4.0 million in the first quarter 2017.

The sale follows that of DHT Phoenix, a VLCC delivered by Daewoo Shipbuilding and Marine Engineering in 1991, which was sold by DHT earlier this month for $19.1 million.

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