DHT

DHT Edelweiss Vessel To Be Sold For $37 Million

DHT Holdings Inc. said it agreed to sell its DHT Edelweiss vessel for $37 million in a deal that reduces the average age of its fleet while improving its environmental footprint, says an article published on Market Watch.

Remove particulate matter

The Hamilton, Bermuda, crude-oil tanker company said the Edelweiss, a VLCC built in 2008, isn’t fitted with an exhaust-gas cleaning system, also known as a scrubber, which is used to remove particulate matter and harmful components from the exhaust...

https://mfame.guru/dht-edelweiss-vessel-to-be-sold-for-37-million/

Why this tanker shipping depression is different from past slumps

tanker

Shipping busts can be even more exciting than shipping booms. When spot rates crash, debt comes due, vessels are arrested, bankruptcies pile up and vultures swoop in.

But not all shipping collapses are so action-packed. Sometimes things never devolve into total crisis mode. Sometimes the market gets stuck in limbo — like tankers are now.

Tanker rates have wallowed at or near historic lows throughout 2021, weighed by oil inventory destocking, COVID-struck demand and a stubborn aversion to...

https://www.freightwaves.com/news/why-this-tanker-shipping-depression-is-different-from-past-slumps

Fixing and Failing: A “Prevailing Feature” of Volatile Tanker Market

  • Rising oil prices, which make floating storage less attractive, is a negative for tanker demand.
  • Investors might not be getting the right numbers and may be interpreting reported rates incorrectly.
  • The real market rate is the level of fully fixed deals, but broker reports and indices cited take into account the initially reported fixtures.

U.S.-listed tanker owners reported record-high results, executives confirmed strengthening rates on conference calls and the broader stock market was...

https://mfame.guru/fixing-and-failing-a-prevailing-feature-of-volatile-tanker-market/

Amidst Chaotic Yards & VLCC Spot Market Boom, DHT Postpones Scrubber Retrofitting

In a major development, VLCC owner DHT Holdings has announced that they are planning to postpone six scrubber retrofit projects given the booming VLCC spot market, says an article published in Seatrade Maritime News. 

Retrofitting Chaotic Yards

Giving an update on DHT’s scrubber retrofit projects during its third quarter earnings call co-ceo Svein Moxnes Harfjeld said that the company had completed scrubber retrofits on eight of its vessels with two more currently in the yard expected to be...

http://mfame.guru/amidst-chaotic-yards-vlcc-spot-market-boom-dht-postpones-scrubber-retrofitting/