DHT (DHT) F-3/A Shelf registration (foreign) (amended)

Exhibit 12.1

Ratio of Earnings to Combined Fixed

Charges and Preferred Dividends

Period ($000)	Year ended Dec. 31, 2016			Year ended Dec. 31, 2015			Year ended Dec. 31, 2014			Year ended Dec. 31, 2013			Year ended Dec. 31, 2012
Earnings available for fixed charges
Profit/(loss) before tax	$	9,354		$	105,430		$	12,973		$	(3,919	)	$	(93,892	)
Less share of profit from associated companies		(649	)		(467	)		(86	)
Less capitalized interest		(1,293	)		(2,271	)		(1,048	)
Plus dividend from associated companies		242			120			107
Plus amortization of capitalized interest		116			3
Plus fixed charges		36,363			35,908			15,334			4,784			7,330
Total Earnings available for fixed charges	$	44,133		$	138,723		$	27,280		$	865		$	-86,562
Fixed Charges:
Interest expense incl. amortization of debt issuance cost	$	35,070			33,637			14,286			4,784			7,330
Plus capitalized interest		1,293			2,271			1,048
Total Fixed Charges	$	36,363		$	35,908		$	15,334		$	4,784		$	7,330
Ratio of Earnings to Fixed Charges		1.21			3.86			1.78			0.18			-11.81