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Fri, Aug

DHT Holdings bags financing for future-fit VLCC quartet

DHT Holdings bags financing for future-fit VLCC quartet

Green Energy
DHT Holdings bags financing for future-fit VLCC quartet

Bermuda-headquartered crude oil tanker company DHT Holdingshas entered into a $308.4 million senior secured credit facilityfor the post-delivery financing of four of the company’s newbuilds currently under construction in South Korea.

Illustration only; Ultra-large crude oil carrier built by Hanwha Ocean; Photo: Hanwha Ocean

The vessels in question are a quartet of environmentally friendly very large crude carriers (VLCCs) booked by DHT Holdings in February last year from South Korean giants HD Hyundai Samho, part of HD Korea Shipbuilding & Marine Engineering (HD KSOE), and Hanwha Ocean.

The vessels, presently under the names of DHT Addax, Antelope, Gazelle and Impala, are planned to be handed over in 2026. Two boast a capacity of 320,000 dwt and the other pair will have a capacity of 319,000 dwt. As previously divulged, the ships will be Tier III compliant, with class-ready notations for multiple fuels.

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As disclosed, the credit facility is co-arranged by ING Bank and

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