DHT upgrades newbuilds for commercial flexibility
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.

*this image is generated using AI for illustrative purposes only.
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?

























