DHT Holdings to sell DHT Scandinavia for $43.4M

DHT Holdings (DHT) has entered into agreement to sell the DHT Scandinavia, a 2006 built VLCC, for $43.4M. The company expects to deliver the vessel to its new owner in January 2025. The vessel has no outstanding bank debt and the sale proceeds will be allocated to general corporate purpose, hereunder investments in vessels, share buy-backs or prepayment of debt. The sale will reduce the average age of the company’s fleet and improve its AER, EEOI and CII metrics.