DHT Holdings, Inc. announces agreement to install scrubbers on twelve of its VLCCs
July 03 2018 - 7:01AM
HAMILTON, BERMUDA, July 3, 2018 - DHT Holdings, Inc. (NYSE:DHT)
("DHT" or the "Company") today announced that it has entered into
agreements to install exhaust gas cleaning systems, also know as
scrubbers, on twelve of its VLCCs. The Company has entered
into agreement with Alfa Laval to supply the systems and has also
secured shipyard capacity to install all systems within
2019. The systems will be installed on ships built between
2012 and 2004, the part of the fleet that stands to achieve the
greatest economic benefit. These twelve systems will come in
addition to the two systems being installed on the newbuildings DHT
Bronco and DHT Mustang set for delivery later this quarter from
Hyundai Heavy Industries. As such, DHT will have a total of
fourteen VLCCs fitted with scrubbers when the IMO Sulphur Cap will
be implemented January 1, 2020.
The Company has received proposals to finance the majority of
the project with debt and is confident to conclude this in the near
future.
The Company stated: "We look at the upcoming IMO Sulphur Cap as
an opportunity for DHT rather than a threat. We come well
prepared and are very pleased with the timely project we have put
in place. This project could potentially create a
super-profit for the ships in question and boost the already
significant operational leverage in DHT."
Alfa Laval is the leading supplier of shipboard exhaust gas
cleaning systems with more than 100 scrubbers in operation.
Alfa Laval's track record offers credibility with respects to
timely project execution and reliable
operations.
About DHT Holdings, Inc. DHT is an independent crude oil
tanker company operating a fleet of crude oil tankers in the VLCC
and Aframax segments. We operate through our wholly owned
management companies in Oslo, Norway and Singapore. For
further information: www.dhtankers.com.
Forward Looking Statements This press release contains
certain forward-looking statements and information relating to the
Company that are based on beliefs of the Company's management as
well as assumptions, expectations, projections, intentions and
beliefs about future events, in particular regarding dividends
(including our dividend plans, timing and the amount and growth of
any dividends), daily charter rates, vessel utilization, the future
number of newbuilding deliveries, oil prices and seasonal
fluctuations in vessel supply and demand. When used in this
document, words such as "believe," "intend," "anticipate,"
"estimate," "project," "forecast," "plan," "potential," "will,"
"may," "should" and "expect" and similar expressions are intended
to identify forward-looking statements but are not the exclusive
means of identifying such statements. These statements
reflect the Company's current views with respect to future events
and are based on assumptions and subject to risks and
uncertainties. Given these uncertainties, you should not
place undue reliance on these forward-looking statements.
These forward-looking statements represent the Company's
estimates and assumptions only as of the date of this press release
and are not intended to give any assurance as to future results.
For a detailed discussion of the risk factors that might
cause future results to differ, please refer to the Company's
Annual Report on Form 20-F, filed with the Securities and Exchange
Commission on April 24, 2018. The Company undertakes no obligation
to publicly update or revise any forward-looking statements
contained in this press release, whether as a result of new
information, future events or otherwise, except as required by law.
In light of these risks, uncertainties and assumptions, the
forward-looking events discussed in this press release might not
occur, and the Company's actual results could differ materially
from those anticipated in these forward-looking statements.
CONTACT: Laila C. Halvorsen, CFO Phone: +1 441 299 4981 and
+47 984 39 935 E-mail: lch@dhtankers.com
Erica Binde, Manager Investor Relations & Business Analysis
Phone: +47 975 91 102 E-mail: eb@dhtankers.com
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