DHT Holdings Provides Business Update; Estimates Time Charter Equivalent Earnings For Its Fleet At $50,900 Per Day For Q1
Portfolio Pulse from Benzinga Newsdesk
DHT Holdings has updated its business outlook, estimating its Time Charter Equivalent (TCE) earnings at $50,900 per day for Q1. For Q2 2024, 42% of spot days are booked at $54,200 per day, and 54% of total revenue days are booked at $46,900 per day.
April 11, 2024 | 8:17 pm
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DHT Holdings projects strong TCE earnings for Q1 and has secured favorable booking rates for Q2 2024, indicating robust demand and operational efficiency.
The reported TCE earnings and booking rates for DHT Holdings suggest a strong operational performance and demand for its shipping services. This positive business update is likely to instill confidence among investors, potentially leading to a short-term uptick in DHT's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100