DHT Holdings (NYSE:DHT) said its fleet generated estimated time charter equivalent (TCE) earnings of $78,800 per day in the first quarter of 2026, according to a company statement.
The company’s VLCC vessels operating in the spot market achieved earnings of $91,700 per day, while those on time charter averaged $61,300 per day. These figures were based on 1,994 revenue days during the quarter, of which 1,152 were spot market days.
On a discharge-to-discharge basis, adjusted in line with IFRS 15 Revenue from Contracts with Customers, spot-market VLCC earnings reached $106,000 per day for the quarter.
Looking ahead to the second quarter of 2026, DHT has secured bookings for around 49% of its available spot days at an average rate of $189,500 per day on a discharge-to-discharge basis. Across both spot and time-charter activity, approximately 71% of available revenue days have been fixed at an average rate of $115,400 per day.
DHT Holdings operates a fleet of very large crude carriers (VLCCs) and manages its operations through integrated teams based in Monaco, Norway, Singapore and India.