2024-07-05 04:19:22 ET
Summary
- DHT is renewing its fleet with 4 new VLCCs, that are expected to have superior economics compared to the current fleet.
- Q1 2024 results showed a marginal increase in shipping revenues, adjusted EBITDA, and net income.
- DHT has a healthy balance sheet with low financial leverage. Buybacks have been missing lately, but 100% of net income goes to shareholders via dividends.
Overview
DHT ( DHT ) is a tanker company that exclusively owns Very Large Crude Carriers ("VLCCs") and the fleet presently consists of 24 VLCCs , with the majority of those tankers operating in the spot market. I have covered DHT occasionally over the last few years and those articles can be found here . I last covered the stock in February of this year ....
Read the full article on Seeking Alpha
For further details see:
DHT: Lot To Like About DHT If The Tanker Market Continues To Improve