- DHT Holdings brings forward BWTS and scrubber retrofits
- as a result of low rates, DHT took the decision to accelerate drydocking for repairs and retrofits
VLCC owner DHT Holdings is bringing forward a ballast water treatment system (BWTS) and scrubber installations due to the weak tanker market says an article on Seatrade Maritime.
Q2 2021 net profit
For the first half of 2021 DHT’s fleet of 27 VLCCs earned an average rate of $25,500 per day. The tanker owner reported a Q2 2021 net profit of $800,000, down from $11.6m in Q1 2021, and $135.8m in the same period a year earlier.
Reduced consumption of products
“The virus outbreak led to reduced global consumption of refined oil products resulting in a build-up of shore-based inventories of both feedstock and end products. Further, leading oil producers have reduced supply with 3 the view to rebalancing the oil markets.
To accelerate drydocking
As such, demand is partly being satisfied by drawing down on inventories, resulting in reduced demand for transportation,” DHT said in its results announcement. As a result of low rates, DHT took the decision to accelerate drydocking for repairs and retrofits.
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Source: Seatrade Maritime
