DHT orders another VLCC at South Korea's Hanwha Ocean, scheduled for delivery in 2028
2026-06-05 14:42
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en.Wedoany.com Reported - DHT Holdings has placed an additional order for a very large crude carrier (VLCC) at South Korea's Hanwha Ocean, with the vessel scheduled for delivery in August 2028.

The New York-listed tanker company stated that this new vessel will be a sister ship to the two VLCCs it ordered from Hanwha in 2024 and delivered earlier this year. DHT said the vessel will adopt the same high-specification design, focusing on fuel efficiency, emission reduction, and enhanced carrying capacity, but did not disclose the specific price. Market sources estimate the transaction value at around $130 million.

Svein Moxnes Harfjeld, President and CEO of DHT, said the company's recent experience with receiving Hanwha-built vessels played a key role in the decision. Harfjeld noted that the company is very satisfied with the two newbuildings delivered from Hanwha earlier this year and looks forward to adding another vessel to the "Antelope Class" series through this early delivery opportunity offered by Hanwha. He pointed out that this order reflects the company's continued focus on maintaining a high-quality, efficient fleet to serve customers while creating long-term value for shareholders.

This order further extends DHT's fleet renewal program. The company has been introducing a series of modern VLCCs while gradually disposing of older tonnage. In March, the company took delivery of the "DHT Gazelle" from HD Hyundai Samho, the third of four VLCC newbuildings scheduled for delivery in the first half of 2026, and has secured a five-to-seven-year charter with a major oil company. The fourth and final vessel under the current "Antelope Class" program is scheduled for delivery later this month.

As new vessels arrive, DHT is reducing older ships in its fleet. Earlier this year, the company agreed to sell its oldest vessel, the 2007-built "DHT Bauhinia," for $51.5 million, with delivery to the new owner scheduled around mid-2026.

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