DHT Holdings Secures 7-Year Charter for VLCC Appaloosa

Tanker operator DHT Holdings, listed on the New York Stock Exchange, has signed a long-term charter for one of its VLCCs, the DHT Appaloosa.

Led by CEO Svein Moxnes Harfjeld, the company confirmed that the 2018-built, 319,200 dwt vessel has been fixed for a seven-year term with an undisclosed global energy firm. The charter will commence in May 2025, with a base rate of $41,000 per day.

In addition to the fixed daily rate, the agreement includes a profit-sharing clause. Any index-linked earnings above $41,000 will be split evenly between DHT and the charterer, based on the vessel’s specifications.

The deal also features options for a further two-year extension.

This latest agreement follows the company’s recent one-year fixture of its 2017-built DHT Tiger at a higher rate of $52,500 per day, announced last month.