DHT Holdings, Inc. released a business update, estimating time charter equivalent (TCE) earnings for its fleet in the fourth quarter of 2024 at $38,800 per day. This includes $38,200 per day for VLCCs in the spot market and $40,500 per day for time-chartered vessels. The Q4 estimates are based on 2,206 revenue days, with 1,619 days in the spot market.
For the full year 2024, the company estimates fleet TCE earnings at $45,200 per day, comprising $47,200 per day for spot market VLCCs and $38,900 per day for time-chartered vessels. These full-year estimates are based on 8,595 revenue days, with 6,520 days in the spot market, providing a comprehensive view of the year's operational performance.
Looking ahead to the first quarter of 2025, DHT Holdings reported that 51% of its available spot days have been booked at an average rate of $31,400 per day. Additionally, 65% of the combined available revenue days, including both spot and time-charter days, have been booked at an average rate of $35,800 per day, offering early insight into the upcoming quarter's revenue generation.
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