DHT Holdings, Inc. Business Update; For Q3 2023, The Company Estimates Time Charter Equivalent Earnings For Its Fleet At $42,500 Per Day
Portfolio Pulse from Benzinga Newsdesk
DHT Holdings, Inc. (NYSE:DHT) has provided a business update for Q3 2023, estimating time charter equivalent earnings for its fleet at $42,500 per day. This includes $35,500 per day for the Company's VLCCs on time-charter and $44,700 per day for the Company's VLCCs operating in the spot market. In Q4 2023, 38% of the available VLCC spot days have been booked at an average rate of $34,800 per day, and 50% of the available VLCC days, spot and time-charter days combined, have been booked at an average rate of $35,000 per day.
October 10, 2023 | 8:27 pm
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POSITIVE IMPACT
DHT Holdings' estimated earnings for Q3 2023 and booking rates for Q4 2023 indicate a positive financial outlook for the company.
The company's estimated earnings for Q3 2023 and booking rates for Q4 2023 are higher than average, indicating a strong financial performance. This could lead to an increase in the company's stock price in the short term.
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