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DHT fixes VLCC above $100,000 a day
DHT New York-listed tanker owner DHT Holdings has secured another high-paying long-term charter, fixing one of its oldest VLCCs at a rate above $100,000 per day.
Dr.G.R.Balakrishnan Feb 25 2026 Marine News

DHT fixes VLCC above $100,000 a day

The Svein Moxnes Harfjeld-led company has sealed a one-year charter deal for the 2011-built DHT Redwood at $105,000 per day.

The contract is set to kick off in March 2026 and has been concluded with an undisclosed global energy major.

The fixture adds to a string of record-setting deals emerging in the resurgent VLCC market, where owners are locking in premium returns on period business.

The latest charter follows two earlier deals for the 2012-built VLCCs DHT Opal and DHT Taiga, fixed at $90,000 and $94,000 per day, respectively. The agreement also backs up broker reports that several VLCCs have recently been discussed for 12-month employment at rates above $100,000 per day.

DHT has recently been trimming older tonnage, with two 2007-built vessels already agreed for sale and expected to leave the fleet shortly. The HD Hyundai Samho Heavy Industries-built DHT Redwood is currently the second-oldest vessel in the DHT fleet on a fully-delivered basis, behind its sister ship DHT Amazon, also delivered in 2011