Crude Oil Tanker Company Swings Back To Profit

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DHT Holdings Inc, the Bermudian-based crude oil tanker company, has reported net income of $62 million for fiscal 2022 largely owing to a strong fourth quarter, reports The Royal Gazette.

Net profit

That compares to a net loss of $11.5 million in 2021.

The difference between the two periods mainly reflects higher tanker rates, the company said.

Net profit in the fourth quarter was $61.8 million, compared to a net loss in the fourth quarter of 2021 of $2.9...

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