DHT Holdings Shares Rise as Spot Rates Surge in Fourth Quarter
DHT Holdings said about half of its available spot days were booked at an average $509,100 daily rate in the fourth quarter.
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what happened
Shares of DHT Holdings climbed 6.6% to $26.28 after the company reported stronger spot rates so far in the fourth quarter. The stock has more than doubled year to date.
About half of the available spot days have been fixed at an average $509,100 per day on a discharge-to-discharge basis. Overall, the company estimates that roughly 78% of available revenue days, covering both spot and time-charter operations, are booked at an average $225,200 per day.
For the third quarter, DHT Holdings had projected fleet TCE earnings of $141,300 per day. That included $167,100 per day for VLCCs in the spot market and $114,200 per day for VLCCs on time charter. The estimate was based on 2,055 revenue days, including 1,054 spot days.
why it matters
The figures show stronger earnings rates for large tankers operating in the spot market than for vessels on time charter. DHT Holdings’ results remain linked to fleet utilization and the mix between spot and contracted days.
instruments
sources
- DHT Holdings Stock Gains as Spot Rates Jump in 4Q — Newsmetry API, 12 October 2026 at 14:38 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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