The Company principal activity is the ownership and operation of a fleet of crude oil carriers.
As of December 31, 2010 they fleet consisted of three very large crude carriers, or “VLCCs,” which are tankers ranging in size from 200,000 to 320,000 deadweight tons, or “dwt,” two Suezmaxes, which are tankers ranging in size from 130,000 to 170,000 dwt, and four Aframax tankers, or “Aframaxes,” which are tankers ranging in size from 80,000 to 120,000 dwt. They fleet principally operates on international routes and had a combined carrying capacity of 1,656,921 dwt. They strategy is to employ our vessels in a combination of charters with stable cash flow and market exposure.
History
The Company was incorporated on 14 April 2005. Its common stock is listed on the New York Stock Exchange on 13 October 2005.
On 18 October 2005, the Company commenced operations as an independent tanker company. In October 2005, the Company completed its initial public offering (IPO) by issuing and selling to the public 16,000,000 common shares, par value 0.01 per share, at a price to the public of 12.00 per share, raising gross proceeds of 192 million before deduction of underwriting discounts, commissions and expenses of approximately 13.8 million. Simltaneously with the IPO, The Company acquired seven double hull crude oil tankers from Overseas Shipholding Group, Inc. (OSG), a market leader in global energy transportation services with a fleet of more than 100 crude tankers and petroleum product carriers, in exchange for cash and shars of its common stock. The Company s modern fleet consists of three Very Large Crude Carriers (VLCCs) and four Aframax tankers.
All seven vessels were chartered to OSG on 18 October 2005 for periods ranging from five to six and one-half years. OSG has options to extend the charters for an additional five to eight years depending on vessel. In return, the Company receives a base charter hire and expects, through a profit sharing agreement, to benefit from earnings over and above the base charter hire rates. The vessels are operated in the largest commercial tanker pools in their segments: Tankers International and Aframax International, respectively. The vessels are technically operated (crewing, maintenance, repairs, drydockings etc.) by a subsidiary of OSG at fixed cost to the Company.
On 4 December 2007, the Company acquired a Suezmax tanker, the Overseas London for a total purchase price of USD 90.3K.
Change of name
The Company has changed its name from Double Tankers Hull Inc to DHT Maritime Inc with effective from 18 June 2008.
Restructuring - Change of Holding Company
The Company announced that it has completed a series of transactions that resulted in DHT Holdings, Inc., a newly formed corporation organized in the Marshall Islands, becoming the publicly held parent company of DHT Maritime, Inc with effective on 1 March 2010. For trading and reporting purposes, DHT Holdings is the successor to DHT Maritime.
In September 2014, DHT acquired 100 of the shares in Samco Shipholding, a then privately owned ship owning company based in Singapore. At the time of the transaction, Samco s fleet consisted of seven VLCCs with an average age of 4.5 years and several of the ships with timecharter contracts to oil majors. Included in the transaction was Samco s 50 ownership in Goodwood Ship Management, a ship management company based in Singapore
Headquarters
Clarendon House, 2 Church Street
Hamilton; Bermuda;
Postal Code: HM 11
Contact Details: Purchase the Dht Holdings Inc. report to view the information.
Website: http://www.dhtankers.com
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