DHT Holdings Inc
Latest DHT Holdings Inc News and Updates
Analysts’ Recommendations for Crude Tanker StocksIn Week 28, analysts made no target price revisions or recommendation changes for crude tanker companies.
VLCC Prices Rose First Time in 2017Newbuild VLCC (very large crude carrier) prices rose in May 2017, and this is the first time we’ve seen a rise in prices this year.
Five-year and ten-year VLCC prices increaseWith faster deliveries and employment of vessels, secondhand vessels tend to reflect industry participants’ expectations for medium-term fundamentals.
Energy & Utilities
China’s June Data Impact the Crude Tanker IndustryChina (FXI) released its key economic data for June—import and export data, auto sales data, and the manufacturing index.
Energy & Utilities
China’s April Trade Data and the Crude Oil Tanker IndustryChina, which has the second-largest economy in the world, has a significant impact on the crude tanker industry.
Analyzing Euronav’s Balance Sheet on December 31Euronav had a liquidity of $754 million at the end of the fourth quarter. Euronav has been working to strengthen its liquidity position.
China’s Crude Oil Imports Hit a 2017 LowChina’s General Administration of Customs estimates that China’s crude oil imports fell by 180,000 bpd to 8 MMbpd in August 2017—compared to July 2017.
VLCC, Suezmax, and Aframax Rates Rose in Week 16According to the Weber Weekly Report, VLCC rates on the benchmark route rose from $32,439 per day on April 13, 2017, to $38,884 per day on April 21, 2017.
NAT’s Dividends: 74 Straight Quarters of Payouts to InvestorsNordic American Tankers’ (NAT) dividend yield has ranged from 6.3%–10.36% in the past four quarters. NAT had a dividend yield of 14.17% as of February 11, 2016, one of the highest dividend yields in the industry.
China’s Crude Oil Imports: Bright Spot in 2016 Oil Market?Market estimates from Bloomberg suggest that China’s crude oil imports in 2016 may rise by 8% to 7.2 MMbpd (million barrels per day).
Free Fall of Baltic Dirty Tanker Index: Something to Worry About?On July 1, the Baltic Dirty Tanker Index was at 952 points, the highest in July. Then the index took a free fall and hit 752 points on July 31 and 673 on August 12.
Company & Industry Overviews
Comparing Tanker Companies’ Operating Expenses per DWTVessel operating expenses mainly include crewing, repair and maintenance, and insurance expense, but not fuel cost (DBO).