DHT (DHT) Sells Last Chinese-Built Tanker Amid U.S. Port Fee Considerations

Mar 27, 2025

DHT Holdings (DHT, Financial) has completed the sale of its final Chinese-built Very Large Crude Carrier (VLCC), transitioning to an all Korean-built fleet. This move aligns with potential U.S. plans to impose significant fees on Chinese-built vessels, possibly up to $1.5 million per port call. The recently sold 2011 VLCC, DHT Lotus, fetched close to $55 million, comparable to market valuations. DHT is the first company of its kind to completely divest from Chinese-built ships, potentially avoiding proposed hefty U.S. port charges.

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