iGEN
Visit IGEN World Explore IGEN Expo
EXPLORE UPGRADE PLANS
BREAKING
UPS Unveils Digital Tools to Attract Small Businesses Amid Strategic Shift from Low-Margin E-Commerce CPKC sets second-quarter revenue record as operating income rises 10% Your Freight Funnel Is Leaking Margin: What Your Reports Won't Show Transponders Off: Saudi Crude Tankers for India Exit Red Sea 'Dark' to Avoid Houthi Blockade Nvidia’s Open Source Alliance Snubs OpenAI and Anthropic, Deepening AI Rift For the First Time, Zoox Can Charge People for Rides in Its Steering-Wheel-Free Robotaxis Chrome's AI-Driven Bug Hunt Spurs Twice-a-Week Security Patches, Google Reports Domestic Sugar Prices to Remain Firm in Short-Term, Says Triveni Engineering Saia’s Softer Q3 Margin Guidance Triggers 12% Share Drop Despite Record Q2 Results Buffalo meat and non-basmati rice lead 14% surge in India's Q1 agri exports UPS Unveils Digital Tools to Attract Small Businesses Amid Strategic Shift from Low-Margin E-Commerce CPKC sets second-quarter revenue record as operating income rises 10% Your Freight Funnel Is Leaking Margin: What Your Reports Won't Show Transponders Off: Saudi Crude Tankers for India Exit Red Sea 'Dark' to Avoid Houthi Blockade Nvidia’s Open Source Alliance Snubs OpenAI and Anthropic, Deepening AI Rift For the First Time, Zoox Can Charge People for Rides in Its Steering-Wheel-Free Robotaxis Chrome's AI-Driven Bug Hunt Spurs Twice-a-Week Security Patches, Google Reports Domestic Sugar Prices to Remain Firm in Short-Term, Says Triveni Engineering Saia’s Softer Q3 Margin Guidance Triggers 12% Share Drop Despite Record Q2 Results Buffalo meat and non-basmati rice lead 14% surge in India's Q1 agri exports
Home ›› Logistics ›› Shipping Freight ›› DHT Expands VLCC Fleet with New Hanwha Order
iGEN
Logistics Shipping & Freight

DHT Expands VLCC Fleet with New Hanwha Order

DHT Holdings has placed an order for a new Very Large Crude Carrier (VLCC) with Hanwha Ocean, continuing its fleet renewal strategy. The new vessel will be delivered in August 2028, following the successful delivery of two sister ships earlier this year.

iG
iGEN Editorial
June 8, 2026
DHT Expands VLCC Fleet with New Hanwha Order

DHT Holdings has secured a newbuilding slot with Hanwha Ocean for a Very Large Crude Carrier (VLCC), scheduled for delivery in August 2028. This move is part of DHT's ongoing fleet renewal program, aimed at enhancing operational efficiency and reducing emissions.

Fleet Expansion and Modernization

DHT Holdings, a New York-listed company, continues to modernize its fleet with the addition of a new VLCC from Hanwha Ocean. This vessel will join the Antelope Class series, known for their high-specification design focused on fuel efficiency and increased cargo capacity.

  • The new VLCC will be a sister ship to two vessels delivered earlier this year.
  • DHT's fleet renewal strategy includes disposing of older tonnage, such as the recent sale of the 2007-built DHT Bauhinia.

"This order reflects our continued focus on maintaining a high-quality, efficient fleet to service our customers while building long-term value for our shareholders," said Svein Moxnes Harfjeld, DHT's President and CEO.

Strategic Implications for Ocean Freight

The addition of this new VLCC is expected to enhance DHT's capacity in the global oil transportation market. With increasing demand for fuel-efficient and environmentally friendly vessels, DHT's investment aligns with industry trends.

Vessel Delivery Year Shipyard
DHT Gazelle 2026 HD Hyundai Samho
New VLCC 2028 Hanwha Ocean

Recommendations for Shippers and Operators

Shippers and operators should monitor DHT's fleet developments as the company continues to enhance its service offerings. The introduction of new, efficient vessels could impact freight rates and capacity availability in the VLCC market.

  • Consider long-term contracts with DHT for stable rates.
  • Evaluate the environmental benefits of newer vessels in logistics planning.

Watch List

  • Global Oil Demand: Changes in oil demand could affect VLCC utilization rates.
  • Regulatory Changes: New environmental regulations may influence fleet strategies.
  • Shipyard Capacity: Monitor Hanwha's ability to meet delivery schedules amid global demand for newbuilds.

Keep Reading

Recommended Stories

Sincere Navigation Sells VLCC Maxim to Sinokor Logistics

Sincere Navigation Sells VLCC Maxim to Sinokor

Sincere Navigation has sold its 2011-built VLCC Maxim to Sinokor, marking its second VLCC sale this year. This transaction highlights Sinokor's active role in the VLCC market.

June 9, 2026
Container Newbuild Delivered Amid Panama Canal Draft Cuts Logistics

Container Newbuild Delivered Amid Panama Canal Draft Cuts

The Behram Box, a containership stranded since the 2008 crisis, has finally been delivered and entered service, highlighting the strong demand for feeder tonnage. Meanwhile, the Panama Canal Authority has announced draft restrictions due to water level concerns, potentially impacting global shipping routes.

June 8, 2026
Seanergy Expands Fleet with Sixth Eco-Friendly Newbuild Logistics

Seanergy Expands Fleet with Sixth Eco-Friendly Newbuild

Seanergy Maritime is advancing its fleet renewal strategy with the addition of a sixth eco-design bulker. This move marks a shift towards modern, fuel-efficient vessels, enhancing fleet quality and long-term earnings.

May 30, 2026
26-Year-Old Car Carrier Chang Sheng Hong Fetches $42 Million at Shanghai Auction, Triple Reserve Logistics

26-Year-Old Car Carrier Chang Sheng Hong Fetches $42 Million at Shanghai Auction, Triple Reserve

The 4,310-ceu car carrier Chang Sheng Hong was sold at auction in Shanghai for approximately $42 million, three times its reserve price of RMB95 million ($14 million). The 26-year-old vessel, built in 2000 at Croatia's Uljanik shipyard, had previously traded as Dresden and was renamed in 2017 after entering Chinese ownership. The sale underscores an extremely tight car carrier market driven by China's surging vehicle exports, with up to 2 million cars shipped on containerships this year.

July 22, 2026