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HAMILTON, BERMUDA - DHT Holdings, Inc. (NYSE:DHT), a $1.83 billion market cap crude oil tanker company with strong financial health according to InvestingPro analysis, clarified Monday that its fleet should not be subject to the special port fees China announced it would collect from US-linked vessels starting October 10, 2025.
The crude oil tanker company, which maintains an impressive 8.41% dividend yield and has sustained dividend payments for 18 consecutive years, stated that each vessel in its fleet is directly owned by a non-U.S. entity, was built outside the United States, does not fly the U.S. flag, and is operated from management companies in Monaco, Norway, Singapore, and India.
DHT emphasized that it is incorporated under Marshall Islands law with headquarters in Bermuda, and U.S. nationals represent only 20% of its board of directors. The company also noted that based on publicly available information, it is not aware of U.S. shareholders controlling 25% or more of its shares or voting rights in aggregate.
According to the company's statement, the latest beneficial ownership reports show two U.S. entities holding significant stakes: Dimensional Fund Advisors LP with approximately 7.2% and FMR LLC with approximately 15.1%. However, DHT pointed out that these holdings combined remain below the 25% threshold, and the company cannot verify if the ultimate beneficial owners behind these entities are U.S. persons.
DHT operates a fleet of crude oil tankers in the VLCC (Very Large Crude Carrier) segment through integrated management companies across Monaco, Norway, Singapore, and India.
The statement was issued in response to the Chinese Ministry of Transport's announcement regarding special port fees for US-linked vessels.
In other recent news, DHT Holdings reported its Q2 2025 earnings, delivering an earnings per share (EPS) of $0.35, which exceeded analyst expectations of $0.27. However, the company's revenue came in at $92.8 million, slightly below the forecast of $94.38 million, missing the mark by 1.67%. In addition to the earnings report, DHT Holdings announced the appointment of Svein Moxnes Harfjeld to its Board of Directors. Harfjeld, who has been the President and CEO since 2010, brings over three decades of experience in the global shipping industry to the board. Erik A. Lind, Chairman of the Board, highlighted Harfjeld's strategic insight and operational expertise as valuable assets for the company. These developments reflect DHT Holdings' ongoing efforts to strengthen its leadership and meet financial targets.
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