‘Prudent move’: DHT fixes out VLCC for a year as rate spike

US-listed DHT Holdings has locked in solid earnings for one of its VLCCs through a new term charter.

The company said in a US securities filing that the 300,000-dwt DHT Tiger (built 2017) has been fixed out this month for a year at $52,500 per day.

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The tanker is expected to be delivered into the time charter contract at the end of March, DHT added.