DHT Holdings, Inc. announced yesterday that, on March 15, 2016, it took delivery of a VLCC newbuilding from Hyundai Heavy Industries.

DHT Holdings takes delivery of VLCC newbuilding - DHT Lion

DHT VLCC - Image: DHT Holdings

The vessel is named DHT Lion and is entering the spot market. It is the third of a series of six VLCC newbuildings to be delivered to the company from November 2015 to October 2016.

The newbuildings are all fully funded and are expected to contribute greatly to the company's earnings power. The next newbuilding is scheduled to deliver in July 2016.

DHT is an independent crude oil tanker company operating a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments. We operate through our wholly owned management companies in Oslo, Norway and Singapore.

Source: DHT Holding