DHT upgrades newbuilds for commercial flexibility

1 min read     Updated on 30 Jun 2026, 02:00 AM
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Reviewed by
Naman SScanX News Team
AI Summary

DHT Holdings, Inc. is implementing design upgrades on two Hyundai newbuilds, DHT Impala and DHT Gazelle, to enhance commercial flexibility and trading eligibility. DHT Impala will deliver in late July 2026, ahead of schedule, while DHT Gazelle will undergo upgrades in Q3 2026 after completing initial cargo commitments. The company will substitute DHT Gazelle with DHT Addax to maintain charter continuity, while vessels from Hanwha, including DHT Antelope, DHT Addax, and the future DHT Oryx, remain unaffected.

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DHT Holdings, Inc. has announced proactive design upgrades for two newbuild Very Large Crude Carriers (VLCCs) delivering from Hyundai this year to ensure optimal trading eligibility and enhance commercial flexibility. The company detailed the implementation schedule for DHT Impala and DHT Gazelle, while confirming that other recent deliveries from Hanwha do not require modifications.

Fleet Upgrade Schedule

DHT Impala is now expected to deliver in late July 2026 with the design upgrade fully integrated, moving well ahead of the original contractual deadline of December 2026. DHT Gazelle, which delivered in March 2026, will complete its current cargo commitments before returning to the shipyard for the planned upgrade in the third quarter of 2026. To maintain uninterrupted service under its long-term time charter, DHT will substitute DHT Gazelle with DHT Addax, which was also delivered in March 2026.

Unaffected Vessels

The company clarified that its newbuildings delivered from Hanwha in January and March 2026, DHT Antelope and DHT Addax, are not affected by these upgrades. Additionally, DHT Oryx, scheduled for delivery in August 2028, requires no modifications. DHT emphasized its commitment to maintaining high operational standards and fleet flexibility through these initiatives.

Vessel Name Shipyard Delivery Status Upgrade Required
DHT Impala Hyundai Late July 2026 Yes
DHT Gazelle Hyundai March 2026 Yes (Q3 2026)
DHT Antelope Hanwha January 2026 No
DHT Addax Hanwha March 2026 No
DHT Oryx Hanwha August 2028 No

What specific commercial advantages or trading routes will the design upgrades unlock for the Hyundai-built vessels?

How will the temporary substitution of DHT Addax for DHT Gazelle impact the company's short-term revenue or charter rates?

What is the estimated capital expenditure for the DHT Gazelle retrofit, and will it be capitalized or expensed?

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DHT Holdings elects Jeremy Kramer to board, ratifies auditor

1 min read     Updated on 22 Jun 2026, 04:34 PM
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Reviewed by
Anirudha BScanX News Team
AI Summary

DHT Holdings, Inc. elected Jeremy Kramer to its Board of Directors as a Class I director for a three-year term and ratified Ernst & Young AS as its independent registered public accounting firm for the fiscal year ending December 31, 2026. The voting took place at the 2026 Annual Meeting of Shareholders held on June 18, 2026, with 63.03% of issued shares represented.

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DHT Holdings, Inc. elected Jeremy Kramer to its Board of Directors as a Class I director for a three-year term and ratified Ernst & Young AS as its independent registered public accounting firm for the fiscal year ending December 31, 2026. The decisions were made during the company's 2026 Annual Meeting of Shareholders held on June 18, 2026.

Shareholders holding an aggregate of 101,497,532 common shares were present or represented by proxy at the meeting, representing approximately 63.03% of the issued and outstanding common shares as of the record date on April 23, 2026.

Voting Results

The voting outcomes for the proposals were as follows:

Election of Director

Jeremy Kramer was elected as a Class I director for a term of three years. The votes cast were 70,975,622 in favor, representing 69.93% of the total votes cast. There were 26,847,647 withheld votes and 3,674,263 broker non-votes.

Votes For Votes Withheld Broker Non-Votes
70,975,622 26,847,647 3,674,263

Ratification of Independent Registered Public Accounting Firm

Shareholders ratified the selection of Ernst & Young AS as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The votes cast were 101,354,521 in favor, representing 99.86% of the total votes cast. There were 80,357 votes against and 62,654 abstentions.

Votes For Votes Against Abstentions
101,354,521 80,357 62,654

DHT Holdings, Inc. is an independent crude oil tanker company operating internationally in the VLCC segment. The company manages its fleet through integrated management companies in Monaco, Norway, Singapore, and India.

What strategic expertise does Jeremy Kramer bring to the board, and how might his appointment influence DHT Holdings' future direction?

How will the significant number of withheld votes for the director election impact the company's governance strategy moving forward?

What factors might drive shareholder engagement levels in future meetings given the current participation rate?

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