DHT Holdings announces LOI for three additional VLCC newbuildings DHT Holdings announced it has entered into a letter of intent with Hyundai Heavy Industries in South Korea for the construction of three additional VLCCs at a contract price of $97.3M each, including $2.3M in additions and upgrades to the standard specification, for delivery in September, October and November 2016.
DHT Holdings announces dividend policy DHT Holdings announced a new policy regarding dividend and capital allocation. As a result of the current tanker market, DHT intends to return at least 60% of its ordinary net income to shareholders. Further, DHT intends to use a significant amount of surplus cash flow after returning such capital to shareholders to deliver its balance sheet. DHT will commence its new capital allocation policy starting with Q2.