DHT Holdings, Inc. $(DHT)$ has announced an agreement to acquire a Very Large Crude Carrier (VLCC) built in 2018 at Hyundai Heavy Industries for $107 million. The acquisition is expected to be completed by the end of the third quarter of 2025. The vessel, which features an advanced exhaust gas cleaning system, will be financed through DHT's available liquidity and projected mortgage debt. According to Svein Moxnes Harfjeld, DHT's President & CEO, this move aims to enhance the company's fleet efficiency and replace some of the earnings capacity that has been divested earlier this year.
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