DHT (DHT) 20-F 25 Mar 21 2020 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2020shares
Cover [Abstract]
Entity Registrant Name	DHT Holdings, Inc.
Entity Central Index Key	0001331284
Document Type	20-F
Amendment Flag	false
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Document Transition Report	false
Document Shell Company Report	false
Entity Address, Country	BM
Entity Common Stock, Shares Outstanding	170,798,328
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false

Consolidated Statement of Finan

Consolidated Statement of Financial Position - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	[1],[2]	$ 68,641	$ 67,356
Accounts receivable and accrued revenues	[1]	30,060	107,848
Capitalized voyage expense		1,039	4,151
Prepaid expenses		6,685	4,846
Bunkers, lube oils and consumables		11,854	34,085
Total current assets		118,279	218,286
Non-current assets
Vessels and time charter contracts		1,476,436	1,589,444
Advances for vessel upgrades		17,269	11,652
Other property, plant and equipment		4,772	3,065
Investment in associate company		5,233	4,772
Total non-current assets		1,503,710	1,608,932
Total assets		1,621,989	1,827,218
Current liabilities
Accounts payable and accrued expenses	[1]	18,503	23,998
Derivative financial liabilities	[3]	9,073	4,320
Current portion long-term debt	[1]	3,396	100,385
Other current liabilities		721	605
Deferred shipping revenues		16,236	930
Total current liabilities		47,929	130,239
Non-current liabilities
Long-term debt	[1]	446,562	750,586
Derivative financial liabilities	[3]	14,601	11,279
Other non-current liabilities		3,957	2,664
Total non-current liabilities		465,120	764,530
Total liabilities		513,049	894,768
Equity
Common stock at par value		1,708	1,468
Additional paid-in capital		1,291,505	1,169,537
Accumulated deficit		(188,709)	(240,165)
Translation differences		169	73
Other reserves		4,248	1,531
Total equity attributable to the Company		1,108,921	932,444
Non-controlling interest		19	5
Total equity		1,108,940	932,449
Total liabilities and equity		$ 1,621,989	$ 1,827,218
[1]	Amortized cost.
[2]	Cash and cash equivalents include $299 thousand in restricted cash in 2020 and $221 thousand in 2019, including employee withholding tax.
[3]	Fair value through profit or loss.

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Consolidated Income Statement [Abstract]
Shipping revenues	$ 691,039	$ 535,068	$ 375,941
Operating expenses
Voyage expenses	(140,564)	(187,500)	(161,891)
Vessel operating expenses	(82,188)	(78,327)	(75,800)
Depreciation and amortization	(124,245)	(115,584)	(103,476)
Impairment charges	(12,560)	0	(3,500)
Profit/(loss), sale of vessel	0	0	75
General and administrative expense	(17,890)	(14,789)	(15,052)
Total operating expenses	(377,447)	(396,201)	(359,644)
Operating income	313,591	138,867	16,297
Share of profit from associated companies	1,193	852	858
Interest income	212	1,077	345
Interest expense	(38,408)	(55,332)	(54,211)
Fair value gain/(loss) on derivative financial liabilities	(8,074)	(9,863)	(5,191)
Other financial (expense)/income	(1,334)	(1,790)	(4,943)
Profit/(loss) before tax	267,181	73,812	(46,845)
Income tax expense	(900)	(131)	(83)
Profit/(loss) for the year	266,281	73,680	(46,927)
Attributable to the owners of non-controlling interest	14	2	0
Attributable to the owners of parent	$ 266,266	$ 73,679	$ (46,927)
Basic net income/(loss) per share (in dollars per share)	$ 1.71	$ 0.51	$ (0.33)
Diluted net income/(loss) per share (in dollars per share)	$ 1.61	$ 0.51	$ (0.33)
Weighted average number of shares (basic) (in shares)	155,712,886	143,437,164	143,429,610
Weighted average number of shares (diluted) (in shares)	170,053,975	168,159,876	143,434,921

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Consolidated Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	$ 266,281	$ 73,680	$ (46,927)
Items that will not be reclassified subsequently to profit or loss:
Remeasurement of defined benefit obligation, net of tax	(141)	224	(148)
Items that may be reclassified subsequently to profit or loss:
Exchange gain/(loss) on translation of foreign currency denominated associate and subsidiary	95	42	(53)
Total comprehensive income/(loss) for the period net of tax	266,235	73,946	(47,128)
Attributable to the owners of non-controlling interest	14	2	0
Attributable to the owners of parent	$ 266,221	$ 73,944	$ (47,128)

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-in Additional Capital [Member]	Treasury Shares [Member]	Retained Earnings [Member]	Translation Differences [Member]	Other Reserves [Member]	[1]	Non-controlling Interests [Member]
Balance (Restatement Adjustment [Member]) at Dec. 31, 2017	$ 921,158	$ 1,424	$ 1,140,794	$ 0	$ (226,821)	$ 85	$ 5,676		$ 0
Balance (Impact of transition of IFRS 15 [Member]) at Dec. 31, 2017	(4,734)	0	0	0	(4,734)	0	0		0
Balance at Dec. 31, 2017	925,892	$ 1,424	1,140,794	0	(222,087)	85	5,676		0
Balance (in shares) (Restatement Adjustment [Member]) at Dec. 31, 2017		142,417,407
Balance (in shares) at Dec. 31, 2017		142,417,407
Changes in equity
Profit/(loss) for the year	(46,927)	$ 0	0	0	(46,927)	0	0		0
Other comprehensive income/(loss)	(201)	0	0	0	(148)	(53)	0		0
Total comprehensive income/(loss) for the period net of tax	(47,128)	0	0	0	(47,075)	(53)	0		0
Cash dividends declared and paid	(11,487)	0	0	0	(11,487)	0	0		0
Purchase of treasury shares	(5,026)	$ 0	0	(5,026)	0	0	0		0
Purchase of treasury shares (in shares)		0
Retirement of treasury shares	0	$ (9)	(3,654)	3,662	0	0	0		0
Retirement of treasury shares (in shares)		(892,497)
Issuance of convertible bonds	3,165	$ 0	3,165	0	0	0	0		0
Purchase of convertible bonds	(1,613)	0	(1,613)	0	0	0	0		0
Compensation related to options and restricted stock	2,599	$ 12	6,414	0	0	0	(3,827)		0
Compensation related to options and restricted stock (in shares)		1,175,136
Balance at Dec. 31, 2018	861,668	$ 1,427	1,145,107	(1,364)	(285,383)	32	1,848		0
Balance (in shares) at Dec. 31, 2018		142,700,046
Changes in equity
Profit/(loss) for the year	73,680	$ 0	0	0	73,679	0	0		2
Other comprehensive income/(loss)	265	0	0	0	224	42	0		0
Total comprehensive income/(loss) for the period net of tax	73,946	0	0	0	73,903	42	0		2
Cash dividends declared and paid	(28,685)	0	0	0	(28,685)	0	0		0
Purchase of treasury shares	(3,248)	$ 0	0	(3,248)	0	0	0		0
Purchase of treasury shares (in shares)		0
Retirement of treasury shares	0	$ (11)	(4,602)	4,612	0	0	0		0
Retirement of treasury shares (in shares)		(1,061,241)
Adjustment related to non-controlling interest	3	$ 0	0	0	0	0	0		3
Conversion of convertible bonds	26,435	$ 44	26,391	0	0	0	0		0
Conversion of convertible bonds (in shares)		4,390,025
Compensation related to options and restricted stock	2,331	$ 8	2,640	0	0	0	(317)		0
Compensation related to options and restricted stock (in shares)		790,571
Balance at Dec. 31, 2019	932,449	$ 1,468	1,169,537	0	(240,165)	73	1,531		5
Balance (in shares) at Dec. 31, 2019		146,819,401
Changes in equity
Profit/(loss) for the year	266,281	$ 0	0	0	266,266	0	0		14
Other comprehensive income/(loss)	(45)	0	0	0	(141)	95	0		0
Total comprehensive income/(loss) for the period net of tax	266,235	0	0	0	266,125	95	0		14
Cash dividends declared and paid	(214,669)	0	0	0	(214,669)	0	0		0
Conversion of convertible bonds	119,818	$ 234	119,584	0	0	0	0		0
Conversion of convertible bonds (in shares)		23,377,397
Compensation related to options and restricted stock	5,106	$ 6	2,383	0	0	0	2,717		0
Compensation related to options and restricted stock (in shares)		601,530
Balance at Dec. 31, 2020	$ 1,108,940	$ 1,708	$ 1,291,505	$ 0	$ (188,709)	$ 169	$ 4,248		$ 19
Balance (in shares) at Dec. 31, 2020		170,798,328
[1]	Other reserves are related to share-based payments.

Consolidated Statement of Cash

Consolidated Statement of Cash Flow - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Cash flows from operating activities:
Profit/(loss) for the year	$ 266,281		$ 73,680		$ (46,927)
Items included in net income not affecting cash flows:
Depreciation and amortization	124,245		115,584		103,476
Impairment charges	12,560		0		3,500
Amortization of upfront fees	5,538		8,003		11,559
(Profit)/loss, sale of vessel	0		0		(75)
Fair value (gain)/loss on derivative financial liabilities	8,074		9,863		5,191
Compensation related to options and restricted stock	5,106		2,331		2,599
(Gain)/loss purchase of convertible bond	0		0		3,589
Share of profit in associated companies	(1,193)		(852)		(858)
Changes in operating assets and liabilities:
Accounts receivable and accrued revenues	77,788		(47,651)		(25,421)
Capitalized voyage expenses	3,111		(2,518)		255
Prepaid expenses	(2,265)		(508)		(1,141)
Accounts payable and accrued expenses	(6,914)		(1,033)		8,234
Deferred shipping revenues	15,306		930		0
Bunkers, lube oils and consumables	22,231		(1,874)		(9,994)
Net cash provided by/(used in) operating activities	529,870		155,956		53,985
Cash flows from investing activities:
Investment in vessels	(27,117)		(53,803)		(11,845)
Investment in vessels under construction	0		0		(223,033)
Proceeds from sale of vessels	0		0		46,393
Dividend received from associated company	835		513		409
Investment in property, plant and equipment	(435)		(79)		(88)
Net cash provided by/(used in) investing activities	(26,717)		(53,369)		(188,165)
Cash flows from financing activities
Cash dividends paid	(214,669)		(28,685)		(11,487)
Repayment principal element of lease liability	(467)		(370)		0
Issuance of long-term debt	70,862		64,990		577,685
Purchase of treasury shares	0		(3,248)		(5,026)
Issuance of convertible bonds	0		(7)		38,945
Repayment of long-term debt	(357,595)		(156,430)		(448,285)
Repayment of convertible bonds	0		(6,426)		0
Net cash (used in)/provided by financing activities	(501,868)		(130,176)		151,832
Net increase/(decrease) in cash and cash equivalents	1,285		(27,588)		17,652
Cash and cash equivalents at beginning of period	67,356	[1],[2]	94,944		77,292
Cash and cash equivalents at end of period	68,641	[1],[2]	67,356	[1],[2]	94,944
Specification of items included in operating activities:
Interest paid	35,404		49,233		40,040
Interest received	$ 212		$ 1,077		$ 345
[1]	Amortized cost.
[2]	Cash and cash equivalents include $299 thousand in restricted cash in 2020 and $221 thousand in 2019, including employee withholding tax.

General information

General information	12 Months Ended
	Dec. 31, 2020
General information [Abstract]
General information	Note 1- General information DHT Holdings, Inc. (“DHT” or the “Company”) is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company’s principal executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. DHT Maritime, Inc. (formerly Double Hull Tankers, Inc.) was incorporated on April 14, 2005 under the laws of the Marshall Islands as a wholly owned indirect subsidiary of Overseas Shipholding Group, Inc. (“OSG”). In October 2005, DHT Maritime, Inc. completed its initial public offering. During the first half of 2007, OSG sold all of its common stock of DHT Maritime, Inc. Subsequent to a corporate restructuring in March 2010, DHT Maritime, Inc. was a wholly owned subsidiary of DHT until it was dissolved in November 2018. The Company has 34 material wholly owned subsidiaries, of which 22 are Marshall Island companies, seven are Cayman Islands companies, three are Singapore companies, one is a Monegasque company and one is a Norwegian company. The 22 Marshall Islands subsidiaries and the seven Cayman Islands subsidiaries are vessel-owning companies (the “Vessel Subsidiaries”). The primary activity of each of the Vessel Subsidiaries is the ownership and operation of a vessel. Our principal activity is the ownership and operation of a fleet of crude oil carriers. As of December 31, 2020 our fleet consisted of 27 very large crude carriers, or “VLCCs,” which are tankers ranging in size from 200,000 to 320,000 deadweight tons, or “dwt.” Our fleet principally operates on international routes and had a combined carrying capacity of 8,360,850 dwt. With regards to amounts in the financial statements, these are shown in USD thousands.

Significant accounting principl

Significant accounting principles	12 Months Ended
	Dec. 31, 2020
Significant accounting principles [Abstract]
Significant accounting principles	Note 2 - Significant accounting principles Statement of compliance The DHT Holdings, Inc. consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). Basis of preparation The financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The principal accounting policies are set out below. Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and entities controlled by the Company (and its subsidiaries). Unless otherwise specified, all subsequent references to the “Company” refer to DHT and its subsidiaries. Control is achieved where the Company has power over the investee, is exposed or has the rights to variable returns from its investment with an entity and has the ability to affect those returns through its power over the entity. The results of subsidiaries acquired or disposed during the year are included in the consolidated financial statements from the effective date of acquisition or up to the effective date of disposal, as appropriate. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. All intercompany balances and transactions have been eliminated upon consolidation. Acquisitions made by the Company which do not qualify as a business combination under IFRS 3, “Business Combinations,” are accounted for as asset acquisitions. Business combinations Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, liabilities incurred by the Company to the former owners of the acquiree and the equity interests issued by the Company in exchange for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred. At the acquisition date, the identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition are recognized at their fair value, except for non-current assets that are classified as held for sale and are recognized at the lower of carrying amount and fair value less cost to sell, and deferred tax assets and liabilities which are recognized at nominal value. Goodwill arising on acquisition is recognized as an asset measured at the excess of the sum of the consideration transferred, the fair value of any previously held equity interest and the amount of any non-controlling interests in the acquiree over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Company’s interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities exceed the total consideration of the business combination, the excess is recognized in the income statement immediately. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts or circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that date. Investments in associates An associated company is an entity over which the Company has significant influence and that is not a subsidiary or a joint arrangement. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Company has 20% to 50% of the voting rights unless other terms and conditions affect the Company’s influence. The investments in associates are accounted for using the equity method. Such investments are initially recognized at cost. Cost includes the purchase price and other costs directly attributable to the acquisition such as professional fees and transaction costs. Under the equity method, the interest in the investment is based on the Company’s proportional share of the associate’s equity, including any excess value and goodwill. The Company recognizes its share of net income, including depreciation and amortization of excess values and impairment losses, in “Share of profit from associated companies”. The financial statements of the associate are prepared for the same reporting period as the Company. When necessary, adjustments are made to bring the accounting policies in line with those of the Company. After application of the equity method, the Company determines whether it is necessary to recognize an impairment loss. Cash and cash equivalents Interest-bearing deposits that are highly liquid investments and have a maturity of three months or less when purchased are included in cash and cash equivalents. Cash and cash equivalents are recorded at their nominal amount on the statement of financial position. Vessels Vessels are stated at historical cost, less accumulated depreciation and accumulated impairment losses. For vessels purchased, these costs include expenditures that are directly attributable to the acquisition of these vessels. Depreciation is calculated on a straight-line basis over the useful life of the vessels, taking residual values into consideration, and adjusted for impairment charges or reversal of prior impairment charges, if any. The estimated useful lives and residual values are reviewed at least at each year end, with the effect of any changes in estimate accounted for on a prospective basis. We assume an estimated useful life of 20 years. Each vessel’s residual value is equal to the product of its lightweight tonnage and an estimated scrap rate per ton. Capitalized drydocking costs are depreciated on a straight-line basis from the completion of a drydocking to the estimated completion of the next drydocking. Capitalized scrubber costs are depreciated on a straight-line basis from the time of installation of the equipment to the end of the estimated useful life. Vessels under construction — pre-delivery installments The initial pre-delivery installments made for vessels are recorded in the statement of financial position as “Advances for vessels under construction” under Non-current assets. Vessels under construction are presented at cost less identified impairment losses, if any. Costs relating to vessels under construction include pre-delivery installments to the shipyard and other vessel costs incurred during the construction period that are directly attributable to construction of the vessels, including borrowing costs, if any, incurred during the construction period. Advances for vessel upgrades Advances related to scrubber retrofits and capital expenditures are recorded in the statement of financial position as “Advances for vessel upgrades” under Non-current assets. Advances for vessel upgrades will be capitalized and moved to “Vessels and time charter contracts” under Non-current assets upon completion of maintenance or completion of installation. Docking and survey expenditure The Company’s vessels are required to be drydocked every 30 to 60 months. The Company capitalizes drydocking costs as part of the relevant vessel and depreciates those costs on a straight-line basis from the completion of a drydocking to the estimated completion of the next drydocking. The residual value of such capital expenses is estimated at nil. Drydock costs include a variety of costs incurred during the drydock project, including expenses related to the drydock preparations, tank cleaning, gas-freeing and re-inerting, purchase of spare parts, stores and services, port expenses at the drydock location, general shipyard expenses, expenses related to hull and outfitting, external surfaces and decks, cargo and ballast tanks, engines, cargo systems, machinery, equipment and safety equipment on board the vessel as well as classification, Condition Assessment Program surveys and regulatory requirements. Costs related to ordinary maintenance performed during drydocking are charged to the income statement as part of vessel operating expenses for the period which they are incurred. Vessels held for sale Vessels are classified separately as held for sale as part of current assets in the statement of financial position when their carrying amount will be recovered through a sale of transaction rather than continuing use. For this to be the case, the asset must be available for immediate sale in its present condition and its sale must be highly probable. For the sale to be highly probable, the appropriate level of management must be committed to a plan to sell the asset, and an active program to locate a buyer and complete the plan must have been initiated. Further, the asset must be actively marketed for sale at a price that is reasonable in relation to its current fair value. In addition, the sale should be expected to qualify for recognition as a completed sale within one year from the date of classification. The probability of shareholders’ approval should be considered as part of the assessment of whether the sale is highly probable. Vessels classified as held for sale are measured at the lower of their carrying amount and fair value less cost to sell. Impairment of vessels The carrying amounts of vessels held and used are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be fully recoverable. An asset’s recoverable amount is the higher of an asset’s or cash generating unit’s (“CGU”) fair value less cost of disposal based on third-party broker valuations and its value in use and is determined for each individual asset, unless the asset does not generate cash inflows that are largely independent of those other assets or groups of assets. The Company views each vessel as a separate CGU. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. Such impairment is recognized in the income statement. In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. The Company assesses at each reporting date if there is any indication that an impairment recognized in prior period may no longer exist or may have decreased. A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the recoverable amount, however, not to an extent higher than the carrying amount that would have been determined, had no impairment loss been recognized in prior years. Such reversals are recognized in the income statement. Property, plant and equipment other than vessels Property, plant and equipment are stated at historical cost less accumulated depreciation and any impairment charges. Depreciations are calculated on a straight-line basis over the asset’s expected useful life and adjusted for any impairment charges. Expected useful life is five years for furniture and fixtures and three years for computer equipment and software. Expected useful lives are reviewed annually. Ordinary repairs and maintenance costs are charged to the income statement during the financial period in which they are incurred. Major assets with different expected useful lives are reported as separate components. Property, plant and equipment are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset exceeds its recoverable amount. The difference between an asset’s carrying amount and its recoverable amount is recognized in the income statement as impairment. Property, plant and equipment that suffered impairment are reviewed for possible reversal of the impairment at each reporting date. Bunkers Bunkers is stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and delivery cost less discounts. Leases Effective from January 1, 2019, the Company adopted the new accounting standard IFRS 16 using the modified retrospective method. IFRS 16 introduced a comprehensive model for the identification of lease arrangements and accounting treatments for both lessors and lessees. The Company currently has one category of lease related to leased office space in Monaco, Singapore and Norway where the Company is a lessee. The Company assesses whether a contract is or contains a lease at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low-value assets. For these leases, the Company recognizes the lease payment as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. The lease liability is initially measured at present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Subsequently, the lease liability is measured by increasing the carrying amount to reflect interest on the lease liability (using an effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: • The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. • The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). • A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. • The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. • Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. Revenue and expense recognition The Company recognizes revenue from the following major sources: • Revenue from time charters • Revenue from spot charters Revenues from time charters are accounted for as operating leases and are thus recognized on a straight-line basis over the rental periods of such charters. Revenue is recognized from delivery of the vessel to the charterer until the end of the lease term. Effective from January 1, 2018, the Company adopted IFRS 15 Revenue from Contracts with Customers Revenue is measured based on the consideration to which the Company expects to be entitled in a contract with a customer and excludes amounts collected on behalf of third parties. The Company recognizes revenue when it transfers control of a product or service to a customer. For vessels operating on spot charters, voyage revenues are, under the new revenue standard, recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port if they qualify as fulfilment cost under IFRS 15. To recognize costs incurred to fulfil a contract as an asset, the following criteria shall be met: (i) the costs relate directly to the contract, (ii) the costs generate or enhance resources of the entity that will be used in satisfying performance obligations in the future and (iii) the costs are expected to be recovered. Vessel expenses are expensed when incurred and include crew costs, vessel stores and supplies, lubricating oils, maintenance and repairs, insurance and communication costs. Effective from January 1, 2019, the Company adopted IFRS 16 Leases The Company has entered into time charters where the Company has the opportunity to earn additional hire when vessel earnings exceed the basic hire amounts set forth in the charters. Additional hire, if any, is calculated and paid either monthly, quarterly or semi-annually in arrears and recognized as revenue in the period in which it was earned in accordance with IFRS 16. Financial liabilities Financial liabilities are classified as either financial liabilities “at fair value through profit or loss” (FVTPL) or “other financial liabilities”. The FVTPL category comprises the Company’s derivatives. Other financial liabilities of the Company are classified as “other financial liabilities”. (a) Other financial liabilities Other financial liabilities, including debt, are initially measured at fair value, net of transaction costs. Other financial liabilities are subsequently measured at amortized cost using the effective interest method, with interest expense recognized on an effective yield basis. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that discounts estimated future cash payments through the expected life of the financial liability, or, where appropriate, a shorter period. (b) Derivatives The Company uses interest rate swaps to convert part of the interest-bearing debt from floating to fixed rate. Derivatives are initially recognized at fair value at the date a derivative contract is entered into and are subsequently re-measured to their fair value at each reporting date. The resulting gain and loss is recognized in profit or loss immediately. The interest rate swaps does not qualify for hedge accounting. Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions. Fair value is an exit price regardless of whether that price is directly observable or estimated using another valuation technique. Financial assets — receivables Trade receivables are measured at amortized cost using the effective interest method, less any impairment. Normally, the interest element could be disregarded since the receivables are short term. The Company regularly reviews its accounts receivables and estimates the amount of uncollectible receivables each period and establishes an allowance for uncollectible amounts. The amount of the allowance is based on the age of unpaid amounts, information about the current financial strength of customers and other relevant information. Derecognition of financial assets and financial liabilities The Company derecognizes a financial asset only when the contractual rights to cash flows from the asset expire, or when it transfers the financial asset and substantially all risks and reward of ownership of the asset to another entity. The Company derecognizes financial liabilities when, and only when, the Company’s obligations are discharged, cancelled or expire. Foreign currency The functional currency of the Company and each of the Vessel Subsidiaries is the U.S. dollar. This is because the Company’s vessels operate in international shipping markets, in which revenues and expenses are settled in U.S. dollars, and the Company’s most significant assets and liabilities in the form of vessels and related liabilities are denominated in U.S. dollars. For the purposes of presenting these consolidated financial statements, the assets and liabilities of the Company’s foreign operations are translated into U.S. dollars using exchange rates prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during the period, in which case the exchange rates at the date of the transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity. Classification in the Statement of Financial Position Current assets and current liabilities include items due less than one year from the reporting date, and items related to the operating cycle, if longer, and those primarily held for trading. The current portion of long-term debt is included as current liabilities. Other assets than those described above are classified as non-current assets. Where the Company holds a derivative as an economic hedge (even if hedge accounting is not applied) for a period beyond 12 months after the reporting date, the derivative is classified as non-current (or separated into current and non-current). Related parties Parties are related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are related if they are subject to common control or common significant influence. Key management personnel of the Company are also related parties. All transactions between the related parties are recorded at estimated market value. Taxes The Company is a foreign corporation that is not subject to United States federal income taxes. Further, the Company is not subject to income taxes or tax reporting requirements imposed by the Marshall Islands, the country in which it is incorporated. The Company’s management companies domiciled in Monaco, Norway and Singapore are taxable in local jurisdictions. Income tax expense represents the sum of the taxes currently payable and deferred tax. Taxes payable are provided based on taxable profits at the current tax rate. Deferred taxes are recognized on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all temporary differences and deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilized. Stock Compensation Employees of the Company receive remuneration in the form of restricted common stock that is subject to vesting conditions. Equity-settled share-based payment is measured at the fair value of the equity instrument at the grant date. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of equity instruments that will eventually vest. Pension For defined benefit retirement plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial valuations being carried out at the end of each reporting period. Remeasurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling (if applicable) and the return on plan assets (excluding interest), is reflected immediately in the statement of financial position with a charge or credit recognized in other comprehensive income in the period in which it occurs. Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to profit or loss. Past service cost is recognized in profit or loss in the period of a plan liability or asset. The retirement benefit obligation recognized in the consolidated statement of financial position represents the actual deficit or surplus in the Company’s defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any economic benefit available in the form of refunds from the plans or reductions in future contributions to the plans. Segment information As the Company’s business is limited to operating a fleet of crude oil tankers, management has organized the entity as one segment based upon the service provided. Consequently, the Company has one operating segment as defined in IFRS 8, Operating Segments. Use of estimates The preparation of financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Areas where significant estimates have been applied are: • Depreciation • Drydock period • Value in use Use of judgment In the process of applying the Company’s accounting policies, management has made the following judgments which have the most significant effect on the amounts recognized in the financial statements: Impairment Each of the Company’s vessels has been treated as a separate CGU as the vessels have cash inflows that are largely independent of the cash inflows from other assets and therefore can be subject to a value-in-use analysis. Judgment has been applied in connection with the assessment of indicators of impairment or reversal of prior impairment. Application of new and revised International Financial Reporting Standards (“IFRSs”) (a) New and revised IFRSs, and interpretations mandatory for the first time for the financial year beginning January 1, 2020. Impact of the initial application of Interest Rate Benchmark Reform amendments to IFRS 9 and IFRS 7 In September 2019, the IASB issued Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7). These amendments modify specific hedge accounting requirements to allow hedge accounting to continue for affected hedges during the period of uncertainty before the hedged items or hedging instruments affected by the current interest rate benchmarks are amended as a result of the on-going interest rate benchmark reforms. The amendments are not relevant to the Company given that it does not apply hedge accounting to its benchmark interest rate exposures. Impact of the initial application of COVID-19-Related Rent Concessions Amendment to IFRS 16 In May 2020, the IASB issued COVID-19-Related Rent Concessions (Amendment to IFRS 16) that provides practical relief to lessees in accounting for rent concessions occurring as a direct consequence of COVID-19, by introducing a practical expedient to IFRS 16. The practical expedient permits a lessee to elect not to assess whether a COVID-19-related rent concession is a lease modification. A lessee that makes this election shall account for any change in lease payments resulting from the COVID-19-related rent concession the same way it would account for the change applying IFRS 16 if the change were not a lease modification. The practical expedient applies only to rent concessions occurring as a direct consequence of COVID-19 and only if all of the following conditions are met: a) The change in lease payments results in revised consideration for the lease that is substantially the same as, or less than, the consideration for the lease immediately preceding the change; b) Any reduction in lease payments affects only payments originally due on or before June 30, 2021 (a rent concession meets this condition if it results in reduced lease payments on or before June 30, 2021 and increased lease payments that extend beyond June 30, 2021); and c) There is no substantive change to other terms and conditions of the lease. The amendment is not relevant to the Company as it does not have rent concessions occurring as a direct consequence of COVID-19. Impact of the initial application of other new and amended IFRS Standards that are effective for the current year In the current year, the Company has applied the below amendments to IFRS Standards and Interpretations issued by the IASB that are effective for an annual period that begins on or after January 1, 2020. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements. Amendments to References to the Conceptual Framework in IFRS Standards The Company has adopted the amendments included in Amendments to References to the Conceptual Framework in IFRS Standards for the first time in the current year. The amendments include consequential amendments to affected Standards so that they refer to the new Framework. Not all amendments, however, update those pronouncements with regard to references to and quotes from the Framework so that they refer to the revised Conceptual Framework. Some pronouncements are only updated to indicate which version of the Framework they are referencing to (the IASC Framework adopted by the IASB in 2001, the IASB Framework of 2010, or the new revised Framework of 2018) or to indicate that definitions in the Standard have not been updated with the new definitions developed in the revised Conceptual Framework. The Standards which are amended are IFRS 2, IFRS 3, IFRS 6, IFRS 14, IAS 1, IAS Amendments to IFRS 3 Definition of a business The Company has adopted the amendments to IFRS 3 for the first time in the current year. The amendments clarify that while businesses usually have outputs, outputs are not required for an integrated set of activities and assets to qualify as a business. To be considered a business an acquired set of activities and assets must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. The amendments remove the assessment of whether market participants are capable of replacing any missing inputs or processes and continuing to produce outputs. The amendments also introduce additional guidance that helps to determine whether a substantive process has been acquired. The amendments introduce an optional concentration test that permits a simplified assessment of whether an acquired set of activities and assets is not a business. Under the optional concentration test, the acquired set of activities and assets is not a business if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar assets. The amendments are applied prospectively to all business combinations and asset acquisitions for which the acquisition date is on or after January 1, 2020. Amendments to IAS 1 and IAS 8 Definition of material The Company has adopted the amendments to IAS 1 and IAS 8 for the first time in the current year. The amendments make the definition of material in IAS 1 easier to understand and are not intended to alter the underlying concept of materiality in IFRS Standards. The concept of ‘obscuring’ material information with immaterial information has been included as part of the new definition. The threshold for materiality influencing users has been changed from ‘could influence’ to ‘could reasonably be expected to influence’. The definition of material in IAS 8 has been replaced by a reference to the definit

Segment information

Segment information	12 Months Ended
	Dec. 31, 2020
Segment information [Abstract]
Segment information	Note 3 - Segment information Operating Segments: Since DHT’s business is limited to operating a fleet of crude oil tankers, management has organized and manages the entity as one segment based upon the service provided. The Company’s chief operating decision makers (“CODM”), being the Chief Executive Officers, review the Company’s operating results on a consolidated basis as one operating segment as defined in IFRS 8, Operating Segments. Entity-wide disclosures: Information about major customers: As of December 31, 2020, the Company had 27 vessels in operation of which 18 were on time charters and nine were vessels operating in the spot market. For the period from January 1, 2020 to December 31, 2020, five customers represented $78,513 thousand, $57,777 thousand, $55,371 thousand, $53,711 thousand, and $37,670 thousand, respectively, of the Company’s revenues. For the period from January 1, 2019 to December 31, 2019, five customers represented $84,067 thousand, $79,161 thousand, $73,629 thousand, $39,477 thousand, and $34,786 thousand, respectively, of the Company’s revenues. For the period from January 1, 2018 to December 31, 2018, five customers represented $76,015 thousand, $38,408 thousand, $19,269 thousand, $18,692 thousand, and $18,679 thousand, respectively, of the Company’s revenues.

Charter arrangements

Charter arrangements	12 Months Ended
	Dec. 31, 2020
Charter arrangements [Abstract]
Charter arrangements	Note 4 — Charter arrangements The below table details the Company’s shipping revenues: (Dollars in thousands) 2020 2019 2018 Time charter revenues* $ 182,663 $ 57,472 $ 64,462 Voyage charter revenues 508,375 477,595 311,480 Shipping revenues $ 691,039 $ 535,068 $ 375,941 * 2020 and 2019 time charter revenue is presented in accordance with IFRS 16 Leases, Revenue from Contracts with Customers. The following summarizes the Company’s vessel employment as of December 31, 2020 Vessel Type of Employment Expiry VLCC DHT Amazon Time charter with profit sharing Q3 2021 DHT Bauhinia Time charter Q1 2021 DHT Bronco Spot DHT China Time charter with profit sharing Q2 2021 DHT Colt Time charter Q3 2022 DHT Condor Spot DHT Edelweiss Time charter Q1 2021 DHT Europe Time charter Q1 2021 DHT Falcon Spot DHT Hawk Time charter Q1 2021 DHT Jaguar Spot DHT Lake Time charter Q1 2021 DHT Leopard Spot DHT Lion Time charter Q1 2021 DHT Lotus Spot DHT Mustang Time charter Q2 2021 DHT Opal Time charter Q3 2021 DHT Panther Spot DHT Peony Time charter Q1 2021 DHT Puma Time charter Q1 2021 DHT Raven Time charter Q1 2021 DHT Redwood Time charter Q1 2021 DHT Scandinavia Spot DHT Stallion Time charter Q2 2022 DHT Sundarbans Time charter with profit sharing Q4 2021 DHT Taiga Time charter with profit sharing Q4 2022 DHT Tiger Spot Future charter payments: The future revenues expected to be received from the time charters (not including any potential profit sharing) for the Company’s vessels on existing charters as of the reporting date are as follows: (Dollars in thousands) Year Amount 2021 $ 99,264 2022 23,049 2023 — 2024 — Thereafter — Net charter payments $ 122,313 Any extension periods, unless already exercised as of December 31, 2020, are not included. Revenues from a time charter are not received when a vessel is off-hire, including time required for normal periodic maintenance of the vessel. In arriving at the minimum future charter revenues, an estimated time for off-hire to perform periodic maintenance on each vessel has been deducted, although there is no assurance that such estimate will be reflective of the actual off-hire in the future. Contract balances: Contract balances and related disclosures have been included in the following places in the notes to the Company’s consolidated financial statements: Note Accounts receivable and accrued revenues notes 8,9 Voyage expenses are capitalized (Dollars in thousands) 2020 2019 2018 Capitalized voyage expense $ 1,039 $ 4,151 $ 1,633 During the twelve months of 2020, $4,151 thousand was amortized related to voyages in progress as of December 31, 2019, and $397 thousand was amortized related to the voyages in progress as of December 31, 2020. No impairment losses were recognized in the period. During the twelve months of 2019, $1,633 thousand was amortized related to voyages in progress as of December 31, 2018, and $4,440 thousand was amortized related to the voyages in progress as of December 31, 2019. No impairment losses were recognized in the period. During the twelve months of 2018, $1,515 thousand was amortized and no impairment losses were recognized in the period. Deferred Shipping Revenues: Deferred shipping revenues relates to charter hire payment paid in advance. As of December 31, 2020, $16,236 thousand was recognized as deferred shipping revenues in the consolidated statement of financial position while $930 thousand was recognized as deferred shipping revenues as of December 31, 2019. Concentration of risk: As of December 31, 2020, 18 of the Company’s 27 vessels were chartered to 10 different counterparties and nine vessels were operated in the spot market. As of December 31, 2019, five of the Company’s 27 vessels were chartered to four different counterparties and 22 vessels were operated in the spot market. As of December 31, 2018, five of the Company’s 27 vessels were chartered to four different counterparties and 22 vessels were operated in the spot market. The Company believes that the concentration of risk is limited and can be adequately monitored.

Earnings per share ("EPS")

Earnings per share ("EPS")	12 Months Ended
	Dec. 31, 2020
Earnings per share ("EPS") [Abstract]
Earnings per share ("EPS")	Note 5 - Earnings per share (“EPS”) The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share assumes the exercise of all dilutive stock options and restricted shares using the treasury stock method. The components of the calculation of basic EPS and diluted EPS are as follows: (Dollars in thousands) 2020 2019 2018 Profit/(loss) for the period used for calculation of EPS - basic $ 266,266 $ 73,679 $ (46,927 ) Interest and amortization on the convertible notes $ 6,766 $ 12,177 $ - Profit/(loss) for the period used for calculation of EPS - dilutive $ 273,032 $ 85,856 $ (46,927 ) Basic earnings per share: Weighted average shares outstanding - basic 155,712,886 143,437,164 143,429,610 Diluted earnings per share: Weighted average shares outstanding - basic 155,712,886 143,437,164 143,429,610 Dilutive equity awards 65,873 133,342 5,311 Dilutive shares related to convertible notes 14,275,217 24,589,370 - Weighted average shares outstanding - dilutive 170,053,975 168,159,876 143,434,921

Vessels and subsidiaries

Vessels and subsidiaries	12 Months Ended
	Dec. 31, 2020
Vessels and subsidiaries [Abstract]
Vessels and subsidiaries	Note 6 - Vessels and subsidiaries The Vessels are owned by companies incorporated in the Marshall Islands or Cayman Islands. The Vessel Subsidiaries are wholly owned directly by the Company. The primary activity of each of the Vessel Subsidiaries is the ownership and operation of a Vessel. In addition, the Company has a vessel-chartering subsidiary and three subsidiaries, DHT Management S.A.M. (Monaco), DHT Management AS (Norway) and DHT Ship Management (Singapore) Pte. Ltd., that perform management services for DHT and its subsidiaries. The following table sets out the details of the Vessel Subsidiaries included in these consolidated financial statements: Company Vessel name Dwt Flag State Year Built DHT Mustang Inc DHT Mustang 317,975 Hong Kong 2018 DHT Bronco Inc DHT Bronco 317,975 Hong Kong 2018 DHT Colt Inc DHT Colt 319,713 Hong Kong 2018 DHT Stallion Inc DHT Stallion 319,713 Hong Kong 2018 DHT Tiger Limited DHT Tiger 299,629 Hong Kong 2017 DHT Puma Limited DHT Puma 299,629 Hong Kong 2016 DHT Panther Limited DHT Panther 299,629 Hong Kong 2016 DHT Lion Limited DHT Lion 299,629 Hong Kong 2016 DHT Leopard Limited DHT Leopard 299,629 Hong Kong 2016 DHT Jaguar Limited DHT Jaguar 299,629 Hong Kong 2015 DHT Opal Inc DHT Opal 320,105 Hong Kong 2012 Samco Theta Ltd DHT Sundarbans 314,249 RIF 2012 Samco Iota Ltd DHT Taiga 314,249 Hong Kong 2012 DHT Peony Inc DHT Peony 320,013 Hong Kong 2011 DHT Lotus Inc DHT Lotus 320,142 Hong Kong 2011 Samco Eta Ltd DHT Amazon 314,249 RIF 2011 Samco Kappa Ltd DHT Redwood 314,249 Hong Kong 2011 DHT Edelweiss Inc DHT Edelweiss 301,021 Hong Kong 2008 Samco Epsilon Ltd DHT China 317,794 RIF 2007 Samco Delta Ltd DHT Europe 317,713 Hong Kong 2007 DHT Bauhinia Inc DHT Bauhinia 301,019 Hong Kong 2007 DHT Hawk Inc DHT Hawk 298,923 Hong Kong 2007 Samco Gamma Ltd DHT Scandinavia 317,826 Hong Kong 2006 DHT Falcon Inc DHT Falcon 298,971 Hong Kong 2006 DHT Lake Inc DHT Lake 298,564 Hong Kong 2004 DHT Raven Inc DHT Raven 298,563 Hong Kong 2004 DHT Condor, Inc. DHT Condor 320,050 Hong Kong 2004 DHT Eagle, Inc. DHT Eagle ** 309,064 Hong Kong 2002 DHT Phoenix, Inc. DHT Phoenix *** 307,151 Hong Kong 1999 Cathy Tanker Corporation DHT Cathy* 115,000 Marshall Islands 2004 Sophie Tanker Corporation DHT Sophie* 115,000 Marshall Islands 2003 * DHT Sophie and DHT Cathy were sold to one buyer in October 2018. Both vessels were delivered to the buyer during fourth quarter 2018. ** DHT Eagle was sold in November 2017 and was delivered to the buyer in December 2017. *** DHT Phoenix was sold and delivered to new owners in June 2017. Vessels and time charter contracts (Dollars in thousands) Vessels Drydock Scrubbers Time charter contracts Total Cost As of January 1, 2020 2,014,093 43,820 42,482 6,600 2,106,997 Transferred from vessels upgrades 4,896 9,480 8,589 - 22,964 Disposals - (8,505 ) - - (8,505 ) As of December 31, 2020 2,018,989 44,795 51,071 6,600 2,121,456 Accumulated depreciation and impairment As of January 1, 2020 (487,996 ) (17,880 ) (6,507 ) (5,170 ) (517,553 ) Charge for the period (96,153 ) (12,756 ) (13,525 ) (978 ) (123,412 ) Impairment charges (12,560 ) - - - (12,560 ) Disposals 8,505 8,505 As of December 31, 2020 (596,709 ) (22,130 ) (20,032 ) (6,148 ) (645,020 ) Net book value As of December 31, 2020 1,422,279 22,665 31,039 452 1,476,436 Cost As of January 1, 2019 2,007,385 44,818 12,652 6,600 2,071,456 Additions* (42 ) (375 ) (721 ) - (1,139 ) Transferred from vessels upgrades 6,750 2,493 30,552 - 39,795 Disposals - (3,116 ) - - (3,116 ) As of December 31, 2019 2,014,093 43,820 42,482 6,600 2,106,997 Accumulated depreciation and impairment As of January 1, 2019 (391,894 ) (9,171 ) (388 ) (4,193 ) (405,647 ) Charge for the period (96,102 ) (11,824 ) (6,118 ) (978 ) (115,022 ) Disposals - 3,116 - - 3,116 As of December 31, 2019 (487,996 ) (17,880 ) (6,507 ) (5,170 ) (517,553 ) Net book value As of December 31, 2019 1,526,097 25,941 35,976 1,430 1,589,444 Vessel upgrades As of January 1, 2020 1,371 - 10,281 - 11,652 Additions 6,313 12,745 9,524 - 28,581 Transferred to vessels (4,896 ) (9,480 ) (8,589 ) - (22,964 ) As of December 31, 2020 2,788 3,265 11,216 - 17,269 As of January 1, 2019 - - - - - Additions 8,121 2,493 40,832 - 51,446 Transferred to vessels (6,750 ) (2,493 ) (30,552 ) - (39,795 ) As of December 31, 2019 1,371 - 10,281 - 11,652 * Additions in 2019 relates to adjustments to capitalized expenses in 2018. Depreciation We have assumed an estimated useful life of 20 years for our vessels. Depreciation is calculated taking residual value into consideration. Each vessel’s residual value is equal to the product of its lightweight tonnage and an estimated scrap rate per ton. Estimated scrap rate used as a basis for depreciation is $300 per ton. Capitalized drydocking costs are depreciated on a straight-line basis from the completion of a drydocking to the estimated completion of the next drydocking. Capitalized scrubber costs are depreciated on a straight-line basis from the time of installation through the accounting year 2022, reflecting the period they are expected to be of use providing economical values. Carrying Value and Impairment A vessel’s recoverable amount is the higher of the vessel’s fair value less cost of disposal and its value in use. The carrying values of our vessels may not represent their fair market value at any point in time since the market prices of second-hand vessels tend to fluctuate with changes in charter rates and the cost of constructing new vessels. Historically, both charter rates and vessel values have been cyclical. The carrying amounts of vessels held and used by us are reviewed for potential impairment or reversal of prior impairment charges whenever events or changes in circumstances indicate that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel. Each of the Company’s vessels have been viewed as a separate CGU as the vessels have cash inflows that are largely independent of the cash inflows from other assets and therefore can be subject to a value in use analysis. Given the significance of these assets to our financial reporting, an impairment charge and/or reversal of previously recognized impairments could have a material impact on the Company’s financial reporting. Management continuously monitors both external and internal factors to determine if there are indicators that the vessels may be impaired or, in case of previously recognized impairment, that there are indicators that this may be reversed. Possible external factors include changes in the current market conditions, charter rates, market capitalization to book value of equity, and broker rates. Possible internal factors include weighted average cost of capital and changes in circumstances affecting the physical condition of the vessels. To the extent it is determined that indicators of impairment and/or reversal of previously recognized impairment exist, the value in use is estimated for the respective vessels. A reversal of a previously recognized impairment loss is recorded only to the extent there has been an increase in the estimated service potential of an asset, either from use or sale. For the year ended December 31, 2020, impairment indicators were identified for some of our vessels, due to the difference between the carrying value and the estimated market value of the vessel, and thus the Company performed further testing to determine the recoverable amount of the cash generating units. When determining the recoverable amount of the cash generating units, management applies a significant level of judgment when determining the assumptions used to calculate the value in use for each cash generating unit, especially regarding the expected future charter rates and the weighted average cost of capital. Although current charter rates are observable and there is some available information about expected future charter rates, history has proven that the charter rates are seasonal in nature and volatile. In developing estimates of future cash flows, we must make significant assumptions about future use of vessels, ship operating expenses, drydocking expenditures, utilization rate, fixed commercial and technical management fees, residual value of vessels and the estimated remaining useful lives of the vessels in addition to the future charter rates and weighted average cost of capital as described above. These assumptions are based on historical trends and current market conditions as well as future expectations. Estimated outflows for ship operating expenses and drydocking expenditures are based on a combination of historical and budgeted costs and are adjusted for assumed inflation. Utilization, including estimated off-hire time, is based on historical experience. The more significant factors that could impact management’s assumptions regarding time charter equivalent rates include (i) unanticipated changes in demand for transportation of crude oil cargoes, (ii) changes in production or supply of or demand for oil, generally or in specific geographical regions, (iii) the levels of tanker newbuilding orders or the levels of tanker scrappings, (iv) changes in rules and regulations applicable to the tanker industry, including legislation adopted by international organizations such as the IMO or by individual countries and vessels’ flag states, (v) changes in our vessels’ relative exposure to the spot and time charter markets and (vi) the prevalence of profit sharing arrangements in our time charter contracts. When calculating the charter rate to use for a particular vessel class in its impairment testing, we rely on the contractual rates currently in effect for the remaining term of existing charters and estimated daily time charter equivalent rates for each vessel class for the unfixed days over the estimated remaining useful lives of each of the vessels as described below. Although management believes that the assumptions used to evaluate potential impairment or reversal of prior impairment charges are reasonable and appropriate at the time they were made, such assumptions are highly subjective and could change, possibly materially, in the future. Reasonable changes in the assumptions for the discount rate or future charter rates could lead to a value in use for some of our vessels that is higher than, equal to or less than the carrying amount for such vessels. For the year ended December 31, 2020, the Company recorded a non-cash impairment charge of $12.6 million related to three vessels, DHT China with $2.8 million, DHT Europe with $6.3 million and DHT Scandinavia with $3.5 million, respectively. The recoverable amount as of December 31, 2020 was $38.4 million for DHT China, $38.0 million for DHT Europe and $40.4 million for DHT Scandinavia, respectively. In the fourth quarter of 2020, we adjusted the carrying value of DHT China, DHT Europe and DHT Scandanavia through a non-cash impairment charge of $7.6 million. The impairment test was performed using an estimated WACC of 8.59%. As DHT operates in a non-taxable environment specific to shipping revenues, the WACC is the same on a before- and after-tax basis. The rates used for the impairment testing were as follows: (a) the current Forward Freight Agreements (“FFA”) for the first two years, estimated by Braemar ACM Shipbroking, and (b) the 25-year historical average spot rates as reported by Clarksons Shipping Intelligence thereafter. The Company’s decision to use FFA rates for the first two years was based on the Company’s exposure to the spot market and the limited market availability of FFA rates beyond the first two years. The Company’s determination to use historical average spot rates rather than time charter rates was based on the Company’s exposure to the spot market, including the prevalence of profit sharing arrangements in time charter contracts. The Company’s determination to use the 25-year historical average for spot rates was based on the Company’s belief that such time period provides a rate that is most representative of longer-term performance as it mitigates the impact of the highly cyclical nature of the tanker industry. The time charter equivalent FFA rates used for the impairment test as of December 31, 2020 for the VLCCs was $19,610 per day for 2021 and $25,279 per day for 2022. Thereafter, the time charter equivalent rate used for the VLCCs was $42,466. The above rates were reduced by 20% for vessels above the age of 15 years based on lower earnings for the Company’s older vessels due to (a) charterers demanding lower rates for older vessels, (b) longer waiting time for cargo for older vessels as charterers prefer the younger vessels and (c) older vessels being less fuel-efficient. Also, reflecting the lower fuel consumption for modern vessels, $4,000 per day has been added through 2022 for VLCCs built in 2015 and later, and $4,000 per day has been added through 2022 for VLCCs with scrubbers. For vessels on charter we assumed the contractual rate for the remaining term of the charter. The most sensitive and/or subjective assumptions that have the potential to affect the outcome of the impairment assessment for the vessels are the WACC and the future rates. Decreasing the WACC by 0.5% would decrease the impairment charge by $1.5 million. Increasing/decreasing the future rates by $500 per day would decrease/increase the impairment charge by $1.4 million. In the third quarter of 2020, we adjusted the carrying value of DHT China, DHT Europe and DHT Scandanavia through a non-cash impairment charge of $4.9 million. The impairment test was performed using an estimated WACC of 8.12%. The time charter equivalent FFA rates used for the impairment test as of September 30, 2020 for the VLCCs was $20,107 per day for the fourth quarter of 2020, $21,550 per day for 2021 and $21,194 per day for the first three quarters of 2022. Thereafter, the time charter equivalent rate used for the VLCCs was $42,557. The above rates were reduced by 20% for vessels above the age of 15 years based on lower earnings for the Company’s older vessels due to (a) charterers demanding lower rates for older vessels, (b) longer waiting time for cargo for older vessels as charterers prefer the younger vessels and (c) older vessels being less fuel-efficient. Also, reflecting the lower fuel consumption for modern vessels, $4,000 per day has been added through 2022 for VLCCs built in 2015 and later, and $3,000 per day has been added through 2022 for VLCCs with scrubbers. For vessels on charter we assumed the contractual rate for the remaining term of the charter. In 2019, we did not perform an impairment test because we concluded that there were no indicators of impairment or reversal of prior impairment. The key factors evaluated included the development in estimated values for our tankers, market conditions, our estimated WACC and the carrying amount of our net assets compared to our market capitalization as of December 31, 2019. In the third quarter of 2018, we recorded an impairment charge of $3.5 million related to the agreed upon sale of DHT Cathy and DHT Sophie. The impairment charge reflected the difference between the carrying value of the vessels and the estimated net sales price. The sale was agreed to in October 2018 and the vessels were delivered to the buyer in December 2018. Intangible assets Time charter contracts Expected useful life Carrying amount (Dollars in thousands) 2020 2019 DHT China charter Finite 452 1,430 Total 452 1,430 Intangible assets with a finite expected useful life are as a general rule amortized on a straight-line basis over the expected useful life. The remaining amortization period of the intangible asset is 0.5 years. The time charter contract is presented on the same line as vessels in the statement of financial position. Pledged assets As of December 31, 2020, 22 of the Company’s 27 vessels were pledged as collateral under the Company’s secured credit facilities and the Company had five unencumbered vessels. Technical Management Agreements The Company has entered into agreements with technical managers which are responsible for the technical operation and upkeep of the vessels, including crewing, maintenance, repairs and drydockings, maintaining required vetting approvals and relevant inspections, and to ensure DHT’s fleet complies with the requirements of classification societies as well as relevant governments, flag states, environmental and other regulations. Under the ship management agreements, each vessel subsidiary pays the actual cost associated with the technical management and an annual management fee for the relevant vessel.

Accounts payable and accrued ex

Accounts payable and accrued expenses	12 Months Ended
	Dec. 31, 2020
Accounts payable and accrued expenses [Abstract]
Accounts payable and accrued expenses	Note 7 - Accounts payable and accrued expenses Accounts payable and accrued expenses consist of the following: (Dollars in thousands) 2020 2019 Accounts payable $ 2,811 $ 7,913 Accrued interest 719 3,462 Accrued voyage expenses 1,593 8,865 Accrued employee compensation 4,176 2,976 Other* 9,204 782 Total accounts payable and accrued expenses $ 18,503 $ 23,998 *Other includes accrued operating expenses and accrued capital expenditures in 2020 and accrued operating expenses in 2019.

Financial instruments

Financial instruments	12 Months Ended
	Dec. 31, 2020
Financial instruments [Abstract]
Financial instruments	Note 8 - Financial instruments Categories of financial instruments (Dollars in thousands) Carrying amount Financial assets 2020 2019 Cash and cash equivalents (1)(3) $ 68,641 $ 67,356 Accounts receivable and accrued revenues (1) 30,060 107,848 Total financial assets $ 98,700 $ 175,204 Financial liabilities Accounts payables and accrued expenses (1) $ 18,503 $ 23,998 Derivative financial liabilities, current (2) 9,073 4,320 Current portion long-term debt (1) 3,396 100,385 Long-term debt (1) 446,562 750,586 Derivative financial liabilities, non-current (2) 14,601 11,279 Total financial liabilities $ 492,135 $ 890,569 (1) Amortized cost. (2) Fair value through profit or loss. (3) Cash and cash equivalents include $299 thousand in restricted cash in 2020 and $221 thousand in 2019, including employee withholding tax. Fair value of non-derivative financial instruments It is assumed that fair value of non-derivative financial instruments is equal to the nominal amount for all financial assets and liabilities. With regards to trade receivables, the credit risk is not viewed as significant. With regards to the credit facilities, these are floating rate with terms and conditions considered to be according to market terms and no material change in credit risk; consequently, it is assumed that carrying value has no material deviation from fair value. Measurement of fair value It is only derivatives that are classified within a fair value measurement category and recognized at fair value in the statement of financial position. Fair value measurement is based on Level 2 in the fair value hierarchy as defined in IFRS 13 Fair Value Measurement. Derivatives - interest rate swaps Expires Notional amount Fair value (Dollars in thousands) 2020 2019 2020 2019 Swap pays 2.987%, receive floating Apr. 20, 2023 $ 42,000 44,400 2,541 1,748 Swap pays 3.012%, receive floating Apr. 20, 2023 $ 42,000 44,400 2,564 1,780 Swap pays 3.019%, receive floating Sept. 29, 2023 $ 30,743 33,310 2,131 1,425 Swap pays 3.019%, receive floating Sept. 29, 2023 $ 29,829 32,396 2,060 1,380 Swap pays 2.8665%, receive floating Sep. 29, 2023 $ 46,260 48,830 3,147 1,976 Swap pays 2.8785%, receive floating Jun. 30, 2023 $ 40,673 43,240 2,513 1,681 Swap pays 2.885%, receive floating Sept. 29, 2023 $ 45,618 48,188 3,139 1,961 Swap pays 2.897%, receive floating Sept. 30, 2023 $ 40,851 43,419 2,792 1,789 Swap pays 3.020%, receive floating Sept. 29, 2023 $ 39,167 41,734 2,786 1,859 Total carrying amount $ 357,141 379,916 23,673 15,600 Interest-bearing debt Interest Remaining notional Carrying amount (Dollars in thousands) 2020 2019 Credit Agricole Credit Facility LIBOR + 2.19 % 37,839 37,626 55,719 Danish Ship Finance Credit Facility LIBOR + 2.00 % 36,400 36,015 38,929 Nordea Credit Facility LIBOR + 2.40 % 110,933 109,423 207,175 ABN Amro Credit Facility LIBOR + 2.40 % 269,505 266,895 432,581 ABN Amro Revolving Credit Facility LIBOR + 2.50 % - - - Convertible Senior Notes due 2021 4.50 % - - 116,568 Total carrying amount 454,677 449,959 850,972 As of December 31, 2020, $70.3 million was undrawn under the Nordea Credit Facility and $100.0 million was undrawn under the ABN Amro Credit Facility. Interest on all our credit facilities is payable quarterly in arrears except the Danish Ship Finance Credit Facility which has interest payable semi-annually in arrears. The credit facilities are principally secured by the first-priority mortgages on the vessels financed by the credit facility, assignments of earnings, pledge of shares in the borrower, insurance and the borrowers’ rights under charters for the vessels, if any, as well as a pledge of the borrowers’ bank account balances. Reconciliation of liabilities arising from financing activities The table below details changes in liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Company’s consolidated statement of cash flows as cash flows from financing activities. Non-cash changes As of January 1, 2020 (1) Financing cash flows (2) Amortization Equity component of convertible notes Other changes (3) As of December 31, 2020 Bank loans 734,404 (286,733 ) 2,288 449,959 Convertible Senior Notes due 2021 116,568 3,250 (119,818 ) - Office leases 2,846 (467 ) 1,681 4,060 Total (4) 853,817 (287,199 ) 5,538 (119,818 ) 1,681 454,019 Non-cash changes As of January 1, 2019 (1) Financing cash flows (2) Amortization Equity component of convertible notes Other changes (3) As of December 31, 2019 Bank loans 823,299 (91,440 ) 2,545 734,404 Convertible Senior Notes due 2019 32,009 (6,426 ) 851 (26,434 ) - Convertible Senior Notes due 2021 111,968 (7 ) 4,607 116,568 Office leases 1,484 (370 ) 1,732 2,846 Total (4) 968,759 (98,243 ) 8,003 (26,434 ) 1,732 853,817 (1) The opening balance as of January 1, 2019, includes the initial recognition of a lease liability of $1.5 million resulting from the adoption of IFRS 16 Leases. (2) The cash flows from bank loans make up the net amount of issuance of long-term debt and repayment of long-term debt in the statement of cash flows . (3) Other changes for the year 2020 and 2019 represent new, modified office leases and foreign exchange effects during the year related to IFRS 16 Leases (4) The reconciliation does not include interest rate swaps, which are described in note 8.

Financial risk management, obje

Financial risk management, objectives and policies	12 Months Ended
	Dec. 31, 2020
Financial risk management, objectives and policies [Abstract]
Financial risk management, objectives and policies	Note 9 - Financial risk management, objectives and policies Financial risk management The Company’s principal financial liabilities consist of long-term debt, and, when applicable, current portion of long-term debt and derivatives. The main purpose of these financial liabilities is to finance the Company’s operations. The Company’s financial assets mainly comprise cash. The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the management of these risks. Market risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise four types of risk: interest rate risk, currency risk, commodity price risk and other price risk. Financial instruments affected by market risk are debt, deposits and derivative financial instruments. a) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s exposure to the risk of changes in interest rates relates primarily to the Company’s long-term debt with floating interest rates. To manage this risk, the Company has at times entered into interest rate swaps in which the Company agrees to exchange, at specified intervals, the difference between fixed and variable rate interest amounts calculated by reference to an agreed-upon notional principal amount. As of December 31, 2020, the Company had nine interest rate swaps with a total aggregate notional amount of $357,141 thousand as discussed in Note 8. Interest rate risk sensitivity The sensitivity analyses below have been determined based on the exposure to interest rates for both derivatives and floating rate long-term debt. For floating rate long-term debt, the analysis is prepared assuming the amount of liability outstanding at the reporting date was outstanding for the whole year. 2020: If interest rates had been 50 basis points higher/lower and all other variables were held constant, the Company’s: ● profit for the year ended December 31, 2020 would decrease/increase by $488 thousand; and ● other comprehensive income would not be affected 2019: If interest rates had been 50 basis points higher/lower and all other variables were held constant, the Company’s: ● profit for the year ended December 31, 2019 would decrease/increase by $1,805 thousand; and ● other comprehensive income would not be affected. ● loss for the year ended December 31, 2018 would decrease/increase by $2,152 thousand; and ● other comprehensive income would not be affected. b) Foreign currency risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company has only immaterial currency risk since all revenue and major expenses, including all vessel expenses and financial expenses, are in US dollars. Consequently, no sensitivity analysis is prepared. Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations, resulting in financial loss to the Company. The Company is exposed to credit risk from its operating activities (primarily for trade receivables) and from its financing activities, including deposits with banks and financial institutions. Credit risks related to receivables During 2020, the Company’s vessels were either trading in the spot market or on short to medium term time charters to different counterparties. As of December 31, 2020, 18 of the Company’s 27 vessels are chartered to 10 different counterparties and nine vessels are operated in the spot market. During 2019, the Company’s vessels were either trading in the spot market or on short to medium term time charters to different counterparties. As of December 31, 2019, five of the Company’s 27 vessels are chartered to four different counterparties and 22 vessels are operated in the spot market. During 2018, the Company’s vessels were either trading in the spot market or on short to medium term time charters to different counterparties. As of December 31, 2018, five of the Company’s 27 vessels are chartered to four different counterparties and 22 vessels are operated in the spot market. See Note 5 for further details on employment of the Company’s vessels. Time charter hire is paid to DHT monthly in advance. Credit risk related to cash and cash equivalents and accounts receivables The Company seeks to diversify credit risks on cash by holding the majority of the cash in six financial institutions, namely, DNB, Nordea, Credit Agricole, OCBC, ABN AMRO and CFM Indosuez. As of December 31, 2020, five customers represented $9,380 thousand, $6,836 thousand, $5,962 thousand, $2,730 thousand and $2,454 thousand, respectively, of the Company’s accounts receivables. The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting dates was: (Dollars in thousands) 2020 2019 Cash and cash equivalents $ 68,641 $ 67,356 Accounts receivable and accrued revenues 30,060 107,848 Maximum credit exposure $ 98,700 $ 175,204 Liquidity risk The Company manages its risk of a shortage of funds by continuously monitoring maturity of financial assets and liabilities, and projected cash flows from operations such as charter hire, voyage revenues and vessel operating expenses. Certain of our credit agreements contain financial covenants requiring that at all times the borrowings under the credit facilities plus the actual or notional cost of terminating any of their interest rates swaps not exceed a certain percentage of the charter-free market value of the vessels that secure each of the credit facilities. Vessel values are volatile and a decline in vessel values could result in prepayments under the Company’s credit facilities. The following are contractual maturities of financial liabilities, including estimated interest payments on an undiscounted basis. Swap payments are the net effect from paying fixed rate/ receive LIBOR. The LIBOR interest spot rate at December 31, 2020 (and spot rate at December 31, 2019 for comparatives) is used as a basis for preparation. As of December 31, 2020 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 19,110 $ 475,441 $ - $ 494,552 Interest rate swaps 8,541 12,415 - 20,956 Total $ 27,651 $ 487,857 $ - $ 515,507 As of December 31, 2019 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 140,707 $ 855,593 $ - $ 996,301 Interest rate swaps 3,523 8,105 - 11,629 Total $ 144,230 $ 863,699 $ - $ 1,007,929 Capital management A key objective in relation to capital management is to ensure that the Company maintains a strong capital structure in order to support its business. The Company evaluates its capital structure in light of current and projected cash flow, the relative strength of the shipping markets, new business opportunities and the Company’s financial commitments. In order to maintain or adjust the capital structure, the Company may adjust or eliminate the amount of dividends paid to shareholders, issue new shares or sell assets to reduce debt. The Company is within its financial covenants stipulated in its credit agreements. Credit Agricole Credit Facility On June 22, 2015, we entered into the Credit Agricole Credit Facility with Credit Agricole to refinance the outstanding amount under a credit agreement with Credit Agricole that financed DHT Scandinavia (“Tranche A”) as well as a financing commitment of up to $50 million to fund the acquisition of one VLCC from HHI (“Tranche B”). The Credit Agricole Credit Facility is between and among Credit Agricole, as lender, the Credit Agricole Borrowers, and DHT Holdings, Inc., as guarantor. Samco Gamma Ltd. was permitted to borrow the full amount of Tranche A. In 2016, in advance of the delivery of DHT Tiger from HHI on January 16, 2017, we borrowed $48.7 million under Tranche B. Borrowings bear interest at a rate equal to LIBOR + 2.1875%. Subsequent to a voluntary prepayment of $5.0 million in June 2016 and the prepayment of the outstanding loan on DHT Scandinavia, totaling $12.7 million, in September 2020, Tranche B is repayable in 28 quarterly installments of $0.7 million from March 2017 to December 2023 and a final payment of $29.7 million in December 2023. The Credit Agricole Credit Facility contains a covenant requiring that at all times the charter-free market value of the vessel that secures the Credit Agricole Credit Facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the Credit Agricole Credit Facility, DHT, on a consolidated basis, shall maintain a value adjusted tangible net worth of $200 million, the value adjusted tangible net worth shall be at least 25% of the value adjusted total assets, unencumbered consolidated cash shall be at least the higher of (i) $20 million and (ii) 6% of our gross interest-bearing debt and DHT, on a consolidated basis shall have working capital greater than zero. “Value adjusted” is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company’s vessel (as determined quarterly by an approved broker). The Credit Agricole Credit Facility is secured by, among other things, a first-priority mortgage on DHT Tiger, a first-priority assignment of earnings, insurances and intercompany claims, a first-priority pledge of the balances of the Borrower’s bank accounts and a first-priority pledge over the shares in the Borrower. The Credit Agricole Credit Facility contains covenants that prohibit the Borrower from, among other things, incurring additional indebtedness without the prior consent of the lender, permitting liens on assets, merging or consolidating with other entities or transferring all or any substantial part of their assets to another person. Danish Ship Finance Credit Facility In November 2014, we entered into a credit facility in the amount of $49.4 million to fund the acquisition of one of the VLCCs to be constructed at HHI through a secured term loan facility between and among Danish Ship Finance A/S, as lender, a wholly owned special purpose vessel-owning subsidiary, as borrower, and DHT Holdings, Inc., as guarantor (the “Danish Ship Finance Credit Facility”). The full amount of the Danish Ship Finance Credit Facility was borrowed in November 2015. In April 2020, we agreed to a $36.4 million refinancing with Danish Ship Finance A/S. The refinancing was in direct continuation to the original loan and is a five-year term loan with final maturity in November 2025, subject to earlier repayment in certain circumstances. Borrowings bear interest at a rate equal to LIBOR + 2.00% and are repayable in 10 semiannual installments of $1.2 million each and a final payment of $24.3 million at final maturity. The Danish Ship Finance Credit Facility is secured by, among other things, a first-priority mortgage on the vessel financed by the Danish Ship Finance Credit Facility, a first-priority assignment of earnings, insurances and intercompany claims, a first-priority pledge of the balances of the borrower’s bank accounts and a first-priority pledge over the shares in the borrower. The Danish Ship Finance Credit Facility contains covenants that prohibit the borrower from, among other things, incurring additional indebtedness without the prior consent of the lender, permitting liens on assets, merging or consolidating with other entities or transferring all or any substantial part of its assets to another person. The Danish Ship Finance Credit Facility contains a covenant requiring that at all times the charter-free market value of the vessel that secures the Danish Ship Finance Credit Facility be no less than 135% of borrowings. Also, we covenant that, throughout the term of the Danish Ship Finance Credit Facility, DHT, on a consolidated basis, shall maintain a value adjusted tangible net worth of $300 million, the value adjusted tangible net worth shall be at least 25% of value adjusted total assets and unencumbered consolidated cash shall be at least the higher of (i) $30 million and (ii) 6% of our gross interest-bearing debt. “Value adjusted” is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company’s vessels (as determined quarterly by an approved broker). ABN AMRO Revolving Credit Facility In November 2016, the Company entered into a secured five-year revolving credit facility with ABN AMRO totaling $50.0 million to be used for general corporate purposes including security repurchases and acquisitions of ships (the “ABN AMRO Revolving Credit Facility”), between and among ABN AMRO Bank N.V. Oslo Branch (“ABN AMRO”) or any of its affiliates, as lender, Samco Delta Ltd. and Samco Eta Ltd., as borrowers (each, a special purpose vessel-owning, wholly owned subsidiary of DHT), and DHT Holdings, Inc., as guarantor. In April 2018, we entered into an agreement with ABN AMRO to increase the revolving credit facility to $57.3 million with a quarterly reduction of $1.8 million starting July 31, 2018. In June 2019, the Company entered into an agreement with ABN AMRO to amend the repayment terms under the ABN AMRO Revolving Credit Facility by reducing the quarterly repayment installments thereunder from $1.8 million to $1.3 million. In September 2020, the Company canceled in full the commitments under the ABN AMRO Revolving Credit Facility. Nordea Credit Facility In April 2017, we entered into a six-year credit facility in the amount of $300 million with Nordea, DNB, ABN AMRO, Danish Ship Finance, ING, SEB and Swedbank, as lenders, several wholly owned special purpose vessel owning subsidiaries as borrowers, and DHT Holdings, Inc., as guarantor (the “Nordea Credit Facility”), for the financing of the cash portion of the acquisition of BW’s VLCC fleet as well as the remaining installments under the two newbuilding contracts. $204 million of the $300 million credit facility was borrowed during the second quarter of 2017 in connection with delivery of the nine VLCCs in water from BW. The remaining $96 million was borrowed in connection with the delivery of DHT Stallion and DHT Colt in the second quarter of 2018. Borrowings bear interest at a rate equal to LIBOR + 2.40%. The Nordea Credit Facility is secured by, among other things, a first-priority mortgage on the vessels financed by the credit facility, a first-priority assignment of earnings, insurances and intercompany claims, a first-priority pledge of the balances of each of the borrowers’ bank accounts and a first-priority pledge over the shares in each of the borrowers. The credit facility contains covenants that prohibit the borrowers from, among other things, incurring additional indebtedness without the prior consent of the lenders, permitting liens on assets, merging or consolidating with other entities or transferring all or any substantial part of their assets to another person. The Nordea Credit Facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, we covenant that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain a value adjusted tangible net worth of $300 million, the value adjusted tangible net worth shall be at least 25% of the value adjusted total assets and unencumbered consolidated cash shall be at least the higher of (i) $30 million and (ii) 6% of our gross interest-bearing debt. “Value adjusted” is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company’s vessels (as determined quarterly by one approved broker). Subsequent to the sale of DHT Utah in November 2017 and DHT Utik in January 2018, the delivery of DHT Stallion in April 2018 and DHT Colt in May 2018, the prepayment of DHT Lake and DHT Raven in November 2019, the prepayment of $35 million in March 2019 and the prepayment of $37.0 million in August 2020, the quarterly installments are $4.2 million with a final payment of $82.3 million in the second quarter of 2023. In September 2018, DHT secured commitment to a $50 million scrubber financing structured through an increase of the existing $300 million secured credit facility entered into in the second quarter of 2017. The increased facility bears the same interest rate equal to LIBOR + 2.40%. In connection with the prepayment of DHT Lake and DHT Raven in November 2019, the scrubber financing tranche of the Nordea Credit Facility was reduced to $45.0 million. The scrubber financing tranche is repayable in quarterly installments of $2.25 million with a final payment of $18 million in the second quarter of 2023. In May and November 2020, the Company prepaid $25.8 million and $25.8 million, respectively, under the Nordea Credit Facility. The voluntary prepayments were made for all regular installments for 2021 and 2022, respectively. ABN AMRO Credit Facility In April 2018, we entered into a $484 million credit facility with ABN AMRO, Nordea, Credit Agricole, DNB, ING, Danish Ship Finance, SEB, DVB and Swedbank, as lenders, two special purpose wholly owned vessel-owning subsidiaries as borrowers, and DHT Holdings, Inc. as guarantor for the financing of eleven VLCCs and two newbuildings. Borrowings bear interest at a rate equal to LIBOR + 2.40%. In March 2020 and September 2020, we prepaid $57.8 million and $42.2 million, respectively, under the revolving credit facility tranche and subsequent to the payments, the loan is repayable in quarterly installments of $8.3 million through Q2 2024 with a final payment of $186.1 million with the last installment. In June 2020, we prepaid $33.4 million under the ABN AMRO Credit Facility. The voluntary prepayment was made for all regular installments for 2021. The credit facility is secured by, among other things, a first-priority mortgage on the vessel financed by the credit facility, a first-priority assignment of earnings, insurances and intercompany claims, a first-priority pledge of the balances of each of the borrowers’ bank accounts and a first-priority pledge over the shares in each of the borrowers. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain a value adjusted tangible net worth of $300 million, value adjusted tangible net worth shall be at least 25% of value adjusted total assets and unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt. “Value adjusted” is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company’s vessels (as determined quarterly by an approved broker). Convertible Senior Notes due 2019 In September 2014, in connection with the acquisition of the shares of Samco, the Company issued $150 million aggregate principal amount of convertible senior notes due 2019 in a private placement to institutional accredited investors. The net proceeds of approximately $145.5 million (after placement agent expenses, but before other transaction expenses) were used, along with the net proceeds of the September 2014 registered direct offering of common stock and cash on hand, to fund the acquisition of shares in Samco. The Company paid interest at a fixed rate of 4.50% per annum, payable semiannually in arrears. The convertible senior notes due 2019 were convertible into common stock of DHT at any time until one business day prior to their maturity. The initial conversion price for the convertible senior notes due 2019 was $8.125 per share of common stock (equivalent to an initial conversion rate of 123.0769 shares of common stock per $1,000 aggregate principal amount of convertible senior notes due 2019), subject to customary anti-dilution adjustments. In October 2019, holders of $26,434,000 in aggregate principal amount of the Company’s convertible senior notes due 2019 exercised their right to convert their notes into shares at the conversion price of $6.0216 per share. As a result, the Company issued 4,389,858 shares of common stock. The remaining $6,426,000 in aggregate principal amount was repaid in cash. Convertible Senior Notes due 2021 In August 2018, the Company entered into separate, privately negotiated exchange agreements with certain holders of its outstanding 4.5% convertible senior notes due 2019 to exchange approximately $73.0 million aggregate principal amount of the convertible senior notes due 2019 for approximately $80.3 million aggregate principal amount of the Company’s new 4.5% convertible senior notes due 2021. The Company also entered into private placement purchase agreements with investors to issue approximately $44.7 million aggregate principal amount of the Company’s new 4.5% convertible senior notes due 2021 for gross proceeds of approximately $41.6 million. We received net proceeds of approximately $38.9 million after the payment of placement agent fees. Upon the completion of such private exchanges and private placement, the aggregate principal amount outstanding of convertible senior notes due 2021 was $125.0 million. The Company paid interest at a fixed rate of 4.50% per annum, payable semiannually in arrears. The convertible senior notes due 2021 were convertible at the option of the holder at any time prior to the business day immediately preceding the maturity date of the convertible senior notes due 2021 as specified in the 2021 Notes Indenture. The initial conversion price for the convertible senior notes due 2021 was $6.2599 per share of common stock (equivalent to an initial conversion rate of 159.7470 shares of common stock per $1,000 aggregate principal amount of convertible senior notes due 2021), subject to customary anti-dilution adjustments. In December 2019, $1,000 principal amount of convertible senior notes due 2021 was converted into 167 shares of common stock. As a result, the aggregate principal amount outstanding of convertible senior notes due 2021 was $124,999,000 as of December 31, 2019. In July 2020, the Company sent notice of its intention to redeem all of the Company’s outstanding convertible senior notes due 2021, on the August 21, 2020 redemption date, at a price equal to 100% of the principal amount of securities being redeemed plus accrued and unpaid interest. On August 21, 2020, the Company announced that holders of $124,999,000 aggregate principal amount of the Company’s convertible senior notes due 2021, representing all of the outstanding convertible senior notes due 2021, had exercised their right to convert their securities into shares of the Company’s common stock at a conversion price of $5.3470 per share (representing a conversion rate of approximately 187.0208 shares of common stock per $1,000 principal amount of convertible senior notes due 2021), as a result of which the Company issued 23,377,397 shares of common stock.

Stockholders' equity and divide

Stockholders' equity and dividend payment	12 Months Ended
	Dec. 31, 2020
Stockholders' equity and dividend payment [Abstract]
Stockholders' equity and dividend payment	Note 10 - Stockholders’ equity and dividend payment Stockholders’ equity: (Dollars in thousands, except per share data) Common stock Preferred stock Issued at December 31, 2018 142,700,046 Restricted stock issued 790,571 Conversion of convertible bonds 4,390,025 Retirement of treasury shares (1,061,241 ) Issued at December 31, 2019 146,819,401 Restricted stock issued 601,530 Conversion of convertible bonds 23,377,397 Issued at December 31, 2020 170,798,328 Par value $ 0.01 $ 0.01 Number of shares authorized for issue at December 31, 2020 250,000,000 Common stock Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders. Convertible Notes Offering Please see note 9 for information on the convertible senior notes. Preferred stock: Terms and rights of preferred shares will be established by the board when or if such shares would be issued. Dividend payment: Dividend payment as of December 31, 2020: Per share Payment date: Total payment Common February 25, 2020 $ 47.0 million $ 0.32 May 26, 2020 $ 51.5 million $ 0.35 September 2, 2020 $ 82.0 million $ 0.48 November 25, 2020 $ 34.2 million $ 0.20 Total payment as of December 31, 2020: $ 214.7 million $ 1.35 Dividend payment as of December 31, 2019: Per share Payment date: Total payment Common February 26, 2019 $ 7.1 million $ 0.05 May 28, 2019 $ 11.4 million $ 0.08 August 29, 2019 $ 2.8 million $ 0.02 November 14, 2019 $ 7.3 million $ 0.05 Total payment as of December 31, 2019: $ 28.7 million $ 0.20 Dividend payment as of December 31, 2018: Per share Payment date: Total payment Common February 28, 2018 $ 2.9 million $ 0.02 May 30, 2018 $ 2.9 million $ 0.02 August 31, 2018 $ 2.9 million $ 0.02 November 23, 2018 $ 2.9 million $ 0.02 Total payment as of December 31, 2018: $ 11.5 million $ 0.08 On February 25, 2021, DHT paid a dividend of $0.05 per common share to shareholders of record as of February 18, 2021, resulting in a total dividend payment of $8.6 million.

General & Administrative Expens

General & Administrative Expenses	12 Months Ended
	Dec. 31, 2020
General & Administrative Expenses [Abstract]
General & Administrative Expenses	Note 11- General & Administrative Expenses General and Administrative Expenses: (Dollars in thousands) 2020 2019 2018 Total Compensation to Employees and Directors $ 14,163 $ 10,331 $ 11,289 Office and Administrative Expenses 2,413 2,633 2,449 Audit, Legal and Consultancy 1,313 1,826 1,314 Total General and Administrative Expenses $ 17,890 $ 14,789 $ 15,052 Stock Compensation The Company currently maintains the 2019 Incentive Compensation Plan (the “2019 Plan”) for the benefit of directors and senior management. Different awards may be granted under the 2019 Plan, including stock options, restricted shares/restricted stock units and cash incentive awards. Stock Options The exercise price for options cannot be less than the fair market value of a common stock on the date of grant. Restricted shares Restricted shares can neither be transferred nor assigned by the participant. Vesting conditions Awards issued vest subject to continued employment or office, except that if a member of the board of directors ceases service on the board of directors prior to the applicable vesting date for any reason, his or her restricted stock will immediately vest in full. The awards have graded vesting. For some of the awards there is an additional vesting condition requiring certain market conditions to be met. The 2019 Plan may allow for different criteria for new grants. Stock Compensation Series Number of shares/ options Vesting Period Fair value at grant date (1) Granted October 2005, stock options 965 10 years $ 144.00 (2) Granted March 2012, restricted shares 14,515 3 years 13.80 (3) Granted June 2013, restricted shares 155,000 4 years 4.15 (4) Granted June 2013, stock options 155,000 5 years 1.31 (5) Granted June 2013, stock options 155,000 5 years 0.97 (6) Granted February 2014, restricted shares 29,333 3 years 6.92 (7) Granted February 2014, restricted shares 29,333 3 years 6.33 (8) Granted February 2014, restricted shares 29,333 3 years 5.63 (9) Granted February 2014, restricted shares 88,000 3 years 7.61 (10) Granted June 2014, restricted shares 95,666 3 years 6.41 (11) Granted June 2014, restricted shares 95,666 3 years 5.74 (12) Granted June 2014, restricted shares 95,666 3 years 5.13 (13) Granted June 2014, restricted shares 287,000 3 years 7.15 (14) Granted January 2015, restricted shares 850,000 3 years 8.81 (15) Granted January 2016, restricted shares 824,000 2 years 6.65 (16) Granted January 2017, restricted shares 900,000 2 years 4.61 (17) Granted January 2018, restricted shares 355,000 1 year 3.92 (18) Granted January 2018, restricted shares 212,000 3 years 2.30 (19) Granted January 2019, restricted shares 360,000 3 years 4.25 (20) Granted January 2019, restricted shares 200,000 3 years 3.04 (21) Granted March 2019, restricted shares 210,000 1 year 4.60 (22) Granted January 2020, restricted shares 460,000 3 years 8.22 (23) Granted January 2020, restricted shares 150,000 1 year 8.22 (24) Granted January 2020, restricted shares 200,000 1 year 3.5637 The following reconciles the number of outstanding restricted common stock and share options: Restricted common stock Share options Weighted average exercise price ** Outstanding at December 31, 2017 1,086,331 310,000 $ 9.64 Granted 567,000 Exercised* 1,085,331 Forfeited 22,500 310,000 9.64 Outstanding at December 31, 2018 545,500 - $ - Outstanding at December 31, 2018 545,500 - $ - Granted 770,000 Exercised* 755,500 Forfeited - Outstanding at December 31, 2019 560,000 - $ - Outstanding at December 31, 2019 560,000 - $ - Granted 810,000 Exercised* 550,002 Forfeited - Outstanding at December 31, 2020 819,998 - $ - *Does not include shares in lieu of dividends **To be adjusted for dividends declared and paid subsequent to the respective grant dates. Stock Compensation Expense (Dollars in thousands) 2020 2019 2018 Expense recognized from stock compensation $ 4,792 $ 2,532 $ 2,458 The fair value on the vesting date for shares that vested in 2020 was $4.25 for 125,649 shares, $3.56 for 207,786 shares, $4.60 for 235,650 shares and $8.22 for 32,445 shares. The fair value on the vesting date for shares that vested in 2019 was $4.61 for 281,094 shares, $3.92 for 80,101 shares, $2.30 for 212,823 shares, $3.04 for 206,118 shares and $4.60 for 10,435 shares. The fair value on the vesting date for shares that vested in 2018 was $3.38 for 891,136 shares, $3.50 for 264,000 shares and $4.30 for 20,000 shares. All share-based compensation is equity-settled and no payments were made for the vested shares. The average contractual life for the outstanding stock compensation series was 0.75 years as of December 31, 2020. Valuation of Stock Compensation For the year 2019, a total of 660,000 shares of restricted stock was awarded to management in January 2020, of which 253,334 vested in January 2021, 53,333 shares will vest in January 2022 and 153,333 shares will vest in January 2023, subject to continued employment or office, as applicable. The calculated fair value at grant date was equal to the share price at grant date. The remaining 200,000 shares vested subject to certain market conditions in May 2020 and the calculated fair value was $3.5637 per share. For the year 2018, a total of 560,000 shares of restricted stock was awarded to management in January 2019, of which 120,000 shares vested in January 2020, 120,000 shares vested in January 2021 and 120,000 shares will vest in January 2022, subject to continued employment or office, as applicable. The calculated fair value at grant date was equal to the share price at grant date. The remaining 200,000 shares vested subject to certain market conditions in May 2019 and the calculated fair value was $3.04 per share. For the year 2019, a total of 150,000 shares were awarded to the board of directors in January 2020. The calculated fair value at grant date was equal to the share price at grant date and 30,000 shares vested in June 2020. The remaining 120,000 shares will vest in June 2021. For the year 2018, a total of 210,000 shares of restricted stock were awarded to the board of directors in March 2019. The calculated fair value at grant date was equal to the share price at grant date and the shares vested in June 2020. If a member of the board of directors ceases service on the board of directors prior to the applicable vesting date for any reason, his or her restricted stock will immediately vest in full. The grants of restricted stock to management and the board of directors described above were generally granted in the beginning of the year following the year to which they relate. Compensation of Directors and Executives Remuneration of Directors and Executives as a group: (Dollars in thousands) 2020 2019 2018 Cash compensation $ 3,897 $ 3,518 $ 3,989 Pension cost 33 36 202 Share compensation* 4,364 2,003 2,250 Total remuneration $ 8,293 $ 5,556 $ 6,441 * Share compensation reflects the expense recognized. Shares held by Directors and Executives: 2020 2019 2018 Directors and Executives as a group* 2,303,011 3,615,221 3,155,503 *Includes 619,998 (2019: 440,000, 2018: 465,000) shares of restricted stock subject to vesting conditions. In connection with termination of an Executive’s employment, the Executives of the Company may be entitled to an amount equal to 18 months’ base salary and any unvested equity awards may become fully vested in certain circumstances.

Related parties

Related parties	12 Months Ended
	Dec. 31, 2020
Related parties [Abstract]
Related parties	Note 12 - Related parties Related party transactions relate to the Company’s subsidiaries, associated company, employees and members of the board of directors. Transactions between the Company and its subsidiaries have been eliminated on consolidation and are not disclosed in this note. Subsequent to DHT’s acquisition of the shares in Samco, the Company owns 50% of Goodwood. As of December 31, 2020, Goodwood is the technical manager for 24 of the Company’s vessels. In 2020, total technical management fees paid to Goodwood were $3,310 thousand. In 2019, total technical management fees paid to Goodwood were $3,300 thousand. In 2018, total technical management fees paid to Goodwood were $3,305 thousand. Further, DHT has issued certain guarantees for certain of its subsidiaries. This mainly relates to the Company’s credit facilities, which are all guaranteed by DHT Holdings.

Pensions

Pensions	12 Months Ended
	Dec. 31, 2020
Pensions [Abstract]
Pensions	Note 13 - Pensions The Company is required to have an occupational pension scheme in accordance with Norwegian law on required occupational pensions (“lov om obligatorisk tjenestepensjon”) for the employees in DHT Management AS. The Company’s pension scheme satisfies the requirements of this law and comprises a closed defined benefit scheme. At the end of the year, there were 12 participants in the benefit plan. Defined benefit pension The Company established a defined benefit plan for qualifying employees in 2010. Under the plan, the employees, from age 67, are entitled to 70% of their base salary at retirement date. Parts of the pension are covered by payments from the National Insurance Scheme in Norway. The defined benefit plan is insured through an insurance company. Calculation of this year’s pension costs: (Dollars in thousands) 2020 2019 2018 Current service cost 293 406 403 Financial costs 9 14 10 Pension costs for the year 302 420 413 The amounts recognised in the statement of financial position at the reporting date are as follows: 2020 2019 2018 Present value of the defined benefit obligation 1,793 2,494 1,971 Fair value of plan assets 1,362 1,788 1,614 Net pension obligation 431 707 357 Remeasurement loss/(gain) 181 (287 ) 182 Net balance sheet recorded pension liability December 31 612 420 539 Change in gross pension obligation: Gross obligation January 1 1,439 2,090 1,708 Current service cost 289 401 398 Interest charge on pension liabilities 31 54 42 Past service cost - curtailment/plan amendment - - - Settlement (gain) - - - Social security expenses (37 ) (31 ) (57 ) Remeasurements loss/(gain) 73 (1,055 ) 119 Exchange rate differences 71 (21 ) (119 ) Gross pension obligation December 31 1,866 1,439 2,090 Change in gross pension assets: Fair value plan asset January 1 1,019 1,551 1,282 Interest income 18 36 27 Settlement - - - Employer contribution 266 216 404 Remeasurements (loss)/gain (108 ) (768 ) (63 ) Exchange rate differences 58 (16 ) (99 ) Fair value plan assets December 31 1,254 1,019 1,551 The Company expects to contribute $234 thousand to its defined benefit pension plan in 2021. Assumptions 2020 2019 2018 Discount rate 1.70 % 2.30 % 2.60 % Yield on pension assets 1.70 % 2.30 % 2.60 % Wage growth 2.25 % 2.25 % 2.75 % G regulation* 2.00 % 2.00 % 2.50 % Pension adjustment 0.00 % 0.50 % 0.80 % Average remaining service period 19 19 18 *Increase of social security base amount (“G”) as per Norwegian regulations.

Tax

Tax	12 Months Ended
	Dec. 31, 2020
Tax [Abstract]
Tax	Note 14 - Tax The Company is a foreign corporation that is not subject to United States federal income taxes. Further, the Company is not subject to income taxes imposed by the Marshall Islands, the country in which it is incorporated, and there are no U.S. legal entities. The Monegasque company, DHT Management S.A.M., is subject to income taxation in Monaco, the Norwegian management company, DHT Management AS, is subject to income taxation in Norway and the subsidiaries in Singapore, DHT Ship Management (Singapore) Pte. Ltd., DHT Chartering (Singapore) Pte. Ltd. and DHT Management Pte. Ltd., are subject to income taxation in Singapore. The tax effects for the companies are disclosed below. Specification of income tax: (Dollars in thousands) 2020 2019 2018 Income tax payable $ 587 $ 111 $ 74 Tax expenses related to previous year 309 32 1 Change in deferred tax 5 (12 ) 8 Total income tax expense $ 900 $ 131 $ 83 Specification of temporary differences and deferred tax: (Dollars in thousands) December 31, 2020 December 31, 2019 December 31, 2018 Property, plant and equipment $ 2 $ (13 ) $ (164 ) Pensions (612 ) (420 ) (539 ) Total basis for deferred tax (610 ) (432 ) (703 ) Deferred tax liability(asset), net (1)(2) $ (140 ) $ (102 ) $ (155 ) Deferred tax (asset), gross (3) (161 ) (126 ) (155 ) Deferred tax liability, gross (3) 21 24 - (1) Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position. (2) The general income tax rate is reduced from 23% to 22%, effective from fiscal year 2019, and reduced from 24% to 23%, effective from fiscal year 2018. (3) Deferred tax liability is related to the subsidiary in Singapore and cannot be offset with the deferred tax asset related to the subsidiary in Norway. Reconciliation of effective tax rate: (Dollars in thousands) 2020 2019 2018 Profit/(loss) before income tax $ 267,181 $ 73,812 $ (46,845 ) Expected income tax assessed at the tax rate for the Parent company (0%) - - - Adjusted for tax effect of the following items: Income in subsidiary, subject to income tax 900 131 83 Total income tax expense $ 900 $ 131 $ 83

Investment in associate company

Investment in associate company	12 Months Ended
	Dec. 31, 2020
Investment in associate company [Abstract]
Investment in associate company	Note 15 - Investment in associate company (Dollars in thousands) 2020 2019 Investment in associate company $ 5,233 $ 4,772 Details of associate are as follows: Name of associate Principal activities Place of incorporation and business Effective equity interest 2020 2019 Goodwood Ship Management Pte. Ltd. Ship management Singapore 50% 50% The following summarizes the share of profit of the associate that is accounted for using the equity method: (Dollars in thousands) Company’s share of 2020 2019 - Profit after taxation $ 1,193 $ 852 - Other comprehensive income for the year, net of tax $ 104 $ 44 - Total comprehensive income for the year $ 1,297 $ 896

Condensed Financial Information

Condensed Financial Information of DHT Holdings, Inc. (parent company only)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]
Condensed Financial Information of DHT Holdings, Inc. (parent company only)	Note 16 - Condensed Financial Information of DHT Holdings, Inc. (parent company only) SEC Rule 12-04 Condensed Financial Information of Registrant requires DHT to disclose condensed financial statements of the parent company when the restricted net assets of consolidated subsidiaries exceed 25% of consolidated net assets as of the end of the most recently completed fiscal year. For purposes of the test, restricted net assets of consolidated subsidiaries shall mean that amount of the registrant’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations), which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party (i.e., lender, regulatory agency, foreign government, etc.). The restricted net assets of consolidated subsidiaries exceeded 25% of the consolidated net assets of the parent company as of December 31, 2020, 2019 and 2018. The restricted assets mainly relate to assets restricted by covenants in our secured credit agreements entered into by the Company’s vessel-owning subsidiaries. FINANCIAL POSITION (Dollars in thousands) ASSETS December 31, December 31, Current assets 2020 2019 Cash and cash equivalents $ 5,310 $ 22,492 Accounts receivable and prepaid expenses 1,679 874 Amounts due from related parties 84,725 62,822 Total current assets $ 91,713 $ 86,188 Investments in subsidiaries $ 434,172 $ 468,817 Loan to subsidiaries 324,420 526,574 Investment in associate company 201 201 Total non-current assets $ 758,793 $ 995,593 Total assets $ 850,506 $ 1,081,780 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $ 170 $ 2,416 Total current liabilities $ 170 $ 2,416 Non-current liabilities Long-term debt $ - $ 116,568 Total non-current liabilities $ - $ 116,568 Total liabilities $ 170 $ 118,984 Stockholders' equity Stock $ 1,708 $ 1,468 Paid-in additional capital 1,245,449 1,121,047 Accumulated deficit (396,820 ) (159,719 ) Total stockholders' equity $ 850,336 $ 962,796 Total liabilities and stockholders' equity $ 850,506 $ 1,081,780 INCOME STATEMENT (Dollars in thousands) Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Jan. 1 - Dec. 31, 2018 Impairment charge $ (35,278 ) $ 455 $ (93,452 ) Dividend income 17,081 25,519 9,909 General and administrative expense (19,148 ) (14,782 ) (13,735 ) Operating income/(loss) $ (37,345 ) $ 11,192 $ (97,279 ) Interest income $ 21,434 $ 27,943 $ 24,893 Interest expense (6,766 ) (12,177 ) (10,341 ) Other financial income/(expenses) 245 17 (3,416 ) Profit/(loss) for the year $ (22,433 ) $ 26,975 $ (86,143 ) Statement of Comprehensive Income (Dollars in thousands) Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Jan. 1 - Dec. 31, 2018 Profit/(loss) for the year $ (22,433 ) $ 26,975 $ (86,143 ) Total comprehensive income/(loss) for the period $ (22,433 ) $ 26,975 $ (86,143 ) Attributable to the owners $ (22,433 ) $ 26,975 $ (86,143 ) In the condensed financial statements of the parent company, the parent company’s investments in subsidiaries were recorded at cost less any impairment. An assessment for impairment was performed when there was an indication that the investment had been impaired or the impairment losses recognized in prior years no longer existed. CASH FLOW (Dollars in thousands) Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Jan. 1 - Dec. 31, 2018 Cash Flows from Operating Activities: Profit/(loss) for the year $ (22,433 ) $ 26,975 $ (86,143 ) Items included in net income not affecting cash flows: Amortization 3,250 5,459 4,733 Impairment charge 35,278 (455 ) 93,452 Compensation related to options and restricted stock 4,204 693 663 (Gain)/loss purchase convertible bond - - 3,589 Changes in operating assets and liabilities: Accounts receivable and prepaid expenses (805 ) (500 ) (125 ) Accounts payable and accrued expenses (2,246 ) (1,317 ) 2,279 Amounts due to related parties (43,313 ) (63,280 ) (72,365 ) Net cash used in operating activities $ (26,063 ) $ (32,425 ) $ (53,917 ) Cash flows from Investing Activities Loan to subsidiaries $ 223,550 $ 75,500 $ 58,990 Investment in vessels under construction - - (21,263 ) Net cash provided by investing activities $ 223,550 $ 75,500 $ 37,727 Cash flows from Financing Activities Cash dividends paid $ (214,669 ) $ (28,685 ) $ (11,487 ) Purchase of treasury shares - (3,248 ) (5,026 ) Issuance of convertible bonds - (7 ) 38,945 Repayment of convertible bonds - (6,426 ) - Net cash (used in)/provided by financing activities $ (214,669 ) $ (38,366 ) $ 22,432 Net (decrease)increase in cash and cash equivalents $ (17,182 ) $ 4,709 $ 6,242 Cash and cash equivalents at beginning of period 22,492 17,783 11,540 Cash and cash equivalents at end of period $ 5,310 $ 22,492 $ 17,783 The condensed financial information of DHT Holdings Inc. has been prepared using the same accounting policies as set out in the accompanying consolidated financial statements except that the cost method has been used to account for investments in its subsidiaries. A reconciliation of the profit/(loss) and equity of the parent company only between cost method of accounting and equity method of accounting for investments in its subsidiaries are as follows: Profit/(Loss) Reconciliation (Dollars in thousands) Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Jan. 1 - Dec. 31, 2018 Profit/(loss) of the parent company only under cost method of accounting $ (22,433 ) $ 26,975 $ (86,143 ) Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting 288,653 46,969 39,014 Profit/(loss) of the parent company only under equity method of accounting $ 266,221 $ 73,944 $ (47,128 ) Equity Reconciliation (Dollars in thousands) December 31, 2020 December 31, 2019 Equity of the parent company only under cost method of accounting $ 850,336 $ 962,796 Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting 358,384 69,731 Equity of the parent company only under equity method of accounting $ 1,208,720 $ 1,032,527 Dividends from subsidiaries are recognized when they are authorized. During the year ended December 31, 2020, the parent company recorded dividend income from its subsidiaries of $15,000 thousand. During the year ended December 31, 2019, the parent company recorded dividend income from its subsidiaries of $25,007 thousand. During the year ended December 31, 2018, the parent company recorded dividend income from its subsidiaries of $9,500 thousand. During the year ended December 31, 2020, the parent company was a guarantor for all of its credit facilities. Please refer to Notes 8 and 9 for a listing and summary of the credit facilities.

Events after the reporting date

Events after the reporting date	12 Months Ended
	Dec. 31, 2020
Events after the reporting date [Abstract]
Events after the reporting date	Note 17 - Events after the reporting date In January 2021, for the year 2020, a total of 699,000 shares of restricted stock were awarded to management pursuant to the 2019 Plan, of which 153,066 shares will vest in January 2022, 153,067 shares will vest in January 2023, 119,900 shares will vest prior to December 2023 and 153,067 shares will vest in January 2024. The remaining 119,900 shares will vest subject to certain market conditions prior to December 2023. The above vesting is subject to continued employment or office, as applicable, as of the relevant vesting date. The estimated fair value at grant date was equal to the share price at grant date for 579,100 shares and $3.22 per share for 119,900 shares. In January 2021, a total of 175,000 shares of restricted stock were awarded to the board of directors pursuant to the 2019 Plan. The estimated fair value at grant date was equal to the share price at grant date and the shares will vest in June 2022. On January 21, 2021, the Company announced that it has entered into agreement to acquire two VLCCs built 2016 at DSME (Daewoo) for a total of $136 million. The first vessel was delivered on February 18, 2021 and the second vessel is scheduled to deliver during the first half of 2021. The Company will finance the acquisition with available liquidity and projected mortgage debt hence it is expected to be accretive to DHT’s earnings per share. The vessels were built to high specifications by their current owner and are fuel efficient, scrubber fitted Eco-designs that will further improve the DHT fleet’s efficiencies, amongst others its Annual Efficiency Ratio (AER) and Energy Efficiency Operational Index (EEOI) metrics. The Company has drawn $15 million to fund the deposit for the two VLCCs and further $50 million in connection with the delivery of the first vessel, both of which have been drawn under the revolving credit facility tranche of the Nordea Credit Facility. On February 8, 2021, DHT announced that it would pay a dividend of $0.05 per common share on February 25, 2021, to shareholders of record as of February 18, 2021. This resulted in a total dividend payment of $8.6 million. The financial statements were approved by the board of directors on March 17, 2021, and authorized for issue.

Significant accounting princi_2

Significant accounting principles (Policies)	12 Months Ended
	Dec. 31, 2020
Significant accounting principles [Abstract]
Statement of compliance	Statement of compliance The DHT Holdings, Inc. consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).
Basis of preparation	Basis of preparation The financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The principal accounting policies are set out below.
Basis of consolidation	Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and entities controlled by the Company (and its subsidiaries). Unless otherwise specified, all subsequent references to the “Company” refer to DHT and its subsidiaries. Control is achieved where the Company has power over the investee, is exposed or has the rights to variable returns from its investment with an entity and has the ability to affect those returns through its power over the entity. The results of subsidiaries acquired or disposed during the year are included in the consolidated financial statements from the effective date of acquisition or up to the effective date of disposal, as appropriate. The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. All intercompany balances and transactions have been eliminated upon consolidation. Acquisitions made by the Company which do not qualify as a business combination under IFRS 3, “Business Combinations,” are accounted for as asset acquisitions.
Business combinations	Business combinations Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, liabilities incurred by the Company to the former owners of the acquiree and the equity interests issued by the Company in exchange for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred. At the acquisition date, the identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition are recognized at their fair value, except for non-current assets that are classified as held for sale and are recognized at the lower of carrying amount and fair value less cost to sell, and deferred tax assets and liabilities which are recognized at nominal value. Goodwill arising on acquisition is recognized as an asset measured at the excess of the sum of the consideration transferred, the fair value of any previously held equity interest and the amount of any non-controlling interests in the acquiree over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Company’s interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities exceed the total consideration of the business combination, the excess is recognized in the income statement immediately. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts or circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that date.
Investments in associates	Investments in associates An associated company is an entity over which the Company has significant influence and that is not a subsidiary or a joint arrangement. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Company has 20% to 50% of the voting rights unless other terms and conditions affect the Company’s influence. The investments in associates are accounted for using the equity method. Such investments are initially recognized at cost. Cost includes the purchase price and other costs directly attributable to the acquisition such as professional fees and transaction costs. Under the equity method, the interest in the investment is based on the Company’s proportional share of the associate’s equity, including any excess value and goodwill. The Company recognizes its share of net income, including depreciation and amortization of excess values and impairment losses, in “Share of profit from associated companies”. The financial statements of the associate are prepared for the same reporting period as the Company. When necessary, adjustments are made to bring the accounting policies in line with those of the Company. After application of the equity method, the Company determines whether it is necessary to recognize an impairment loss.
Cash and cash equivalents	Cash and cash equivalents Interest-bearing deposits that are highly liquid investments and have a maturity of three months or less when purchased are included in cash and cash equivalents. Cash and cash equivalents are recorded at their nominal amount on the statement of financial position.
Vessels	Vessels Vessels are stated at historical cost, less accumulated depreciation and accumulated impairment losses. For vessels purchased, these costs include expenditures that are directly attributable to the acquisition of these vessels. Depreciation is calculated on a straight-line basis over the useful life of the vessels, taking residual values into consideration, and adjusted for impairment charges or reversal of prior impairment charges, if any. The estimated useful lives and residual values are reviewed at least at each year end, with the effect of any changes in estimate accounted for on a prospective basis. We assume an estimated useful life of 20 years. Each vessel’s residual value is equal to the product of its lightweight tonnage and an estimated scrap rate per ton. Capitalized drydocking costs are depreciated on a straight-line basis from the completion of a drydocking to the estimated completion of the next drydocking. Capitalized scrubber costs are depreciated on a straight-line basis from the time of installation of the equipment to the end of the estimated useful life.
Vessels under construction - pre-delivery installments	Vessels under construction — pre-delivery installments The initial pre-delivery installments made for vessels are recorded in the statement of financial position as “Advances for vessels under construction” under Non-current assets. Vessels under construction are presented at cost less identified impairment losses, if any. Costs relating to vessels under construction include pre-delivery installments to the shipyard and other vessel costs incurred during the construction period that are directly attributable to construction of the vessels, including borrowing costs, if any, incurred during the construction period.
Advances for vessel upgrades	Advances for vessel upgrades Advances related to scrubber retrofits and capital expenditures are recorded in the statement of financial position as “Advances for vessel upgrades” under Non-current assets. Advances for vessel upgrades will be capitalized and moved to “Vessels and time charter contracts” under Non-current assets upon completion of maintenance or completion of installation.
Docking and survey expenditure	Docking and survey expenditure The Company’s vessels are required to be drydocked every 30 to 60 months. The Company capitalizes drydocking costs as part of the relevant vessel and depreciates those costs on a straight-line basis from the completion of a drydocking to the estimated completion of the next drydocking. The residual value of such capital expenses is estimated at nil. Drydock costs include a variety of costs incurred during the drydock project, including expenses related to the drydock preparations, tank cleaning, gas-freeing and re-inerting, purchase of spare parts, stores and services, port expenses at the drydock location, general shipyard expenses, expenses related to hull and outfitting, external surfaces and decks, cargo and ballast tanks, engines, cargo systems, machinery, equipment and safety equipment on board the vessel as well as classification, Condition Assessment Program surveys and regulatory requirements. Costs related to ordinary maintenance performed during drydocking are charged to the income statement as part of vessel operating expenses for the period which they are incurred.
Vessels held for sale	Vessels held for sale Vessels are classified separately as held for sale as part of current assets in the statement of financial position when their carrying amount will be recovered through a sale of transaction rather than continuing use. For this to be the case, the asset must be available for immediate sale in its present condition and its sale must be highly probable. For the sale to be highly probable, the appropriate level of management must be committed to a plan to sell the asset, and an active program to locate a buyer and complete the plan must have been initiated. Further, the asset must be actively marketed for sale at a price that is reasonable in relation to its current fair value. In addition, the sale should be expected to qualify for recognition as a completed sale within one year from the date of classification. The probability of shareholders’ approval should be considered as part of the assessment of whether the sale is highly probable. Vessels classified as held for sale are measured at the lower of their carrying amount and fair value less cost to sell.
Impairment of vessels	Impairment of vessels The carrying amounts of vessels held and used are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of a particular asset may not be fully recoverable. An asset’s recoverable amount is the higher of an asset’s or cash generating unit’s (“CGU”) fair value less cost of disposal based on third-party broker valuations and its value in use and is determined for each individual asset, unless the asset does not generate cash inflows that are largely independent of those other assets or groups of assets. The Company views each vessel as a separate CGU. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. Such impairment is recognized in the income statement. In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. The Company assesses at each reporting date if there is any indication that an impairment recognized in prior period may no longer exist or may have decreased. A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the recoverable amount, however, not to an extent higher than the carrying amount that would have been determined, had no impairment loss been recognized in prior years. Such reversals are recognized in the income statement.
Property, plant and equipment other than vessels	Property, plant and equipment other than vessels Property, plant and equipment are stated at historical cost less accumulated depreciation and any impairment charges. Depreciations are calculated on a straight-line basis over the asset’s expected useful life and adjusted for any impairment charges. Expected useful life is five years for furniture and fixtures and three years for computer equipment and software. Expected useful lives are reviewed annually. Ordinary repairs and maintenance costs are charged to the income statement during the financial period in which they are incurred. Major assets with different expected useful lives are reported as separate components. Property, plant and equipment are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset exceeds its recoverable amount. The difference between an asset’s carrying amount and its recoverable amount is recognized in the income statement as impairment. Property, plant and equipment that suffered impairment are reviewed for possible reversal of the impairment at each reporting date.
Bunkers	Bunkers Bunkers is stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and delivery cost less discounts.
Leases	Leases Effective from January 1, 2019, the Company adopted the new accounting standard IFRS 16 using the modified retrospective method. IFRS 16 introduced a comprehensive model for the identification of lease arrangements and accounting treatments for both lessors and lessees. The Company currently has one category of lease related to leased office space in Monaco, Singapore and Norway where the Company is a lessee. The Company assesses whether a contract is or contains a lease at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low-value assets. For these leases, the Company recognizes the lease payment as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. The lease liability is initially measured at present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Subsequently, the lease liability is measured by increasing the carrying amount to reflect interest on the lease liability (using an effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: • The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. • The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). • A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. • The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. • Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.
Revenue and expense recognition	Revenue and expense recognition The Company recognizes revenue from the following major sources: • Revenue from time charters • Revenue from spot charters Revenues from time charters are accounted for as operating leases and are thus recognized on a straight-line basis over the rental periods of such charters. Revenue is recognized from delivery of the vessel to the charterer until the end of the lease term. Effective from January 1, 2018, the Company adopted IFRS 15 Revenue from Contracts with Customers Revenue is measured based on the consideration to which the Company expects to be entitled in a contract with a customer and excludes amounts collected on behalf of third parties. The Company recognizes revenue when it transfers control of a product or service to a customer. For vessels operating on spot charters, voyage revenues are, under the new revenue standard, recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port if they qualify as fulfilment cost under IFRS 15. To recognize costs incurred to fulfil a contract as an asset, the following criteria shall be met: (i) the costs relate directly to the contract, (ii) the costs generate or enhance resources of the entity that will be used in satisfying performance obligations in the future and (iii) the costs are expected to be recovered. Vessel expenses are expensed when incurred and include crew costs, vessel stores and supplies, lubricating oils, maintenance and repairs, insurance and communication costs. Effective from January 1, 2019, the Company adopted IFRS 16 Leases The Company has entered into time charters where the Company has the opportunity to earn additional hire when vessel earnings exceed the basic hire amounts set forth in the charters. Additional hire, if any, is calculated and paid either monthly, quarterly or semi-annually in arrears and recognized as revenue in the period in which it was earned in accordance with IFRS 16.
Financial liabilities	Financial liabilities Financial liabilities are classified as either financial liabilities “at fair value through profit or loss” (FVTPL) or “other financial liabilities”. The FVTPL category comprises the Company’s derivatives. Other financial liabilities of the Company are classified as “other financial liabilities”. (a) Other financial liabilities Other financial liabilities, including debt, are initially measured at fair value, net of transaction costs. Other financial liabilities are subsequently measured at amortized cost using the effective interest method, with interest expense recognized on an effective yield basis. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that discounts estimated future cash payments through the expected life of the financial liability, or, where appropriate, a shorter period. (b) Derivatives The Company uses interest rate swaps to convert part of the interest-bearing debt from floating to fixed rate. Derivatives are initially recognized at fair value at the date a derivative contract is entered into and are subsequently re-measured to their fair value at each reporting date. The resulting gain and loss is recognized in profit or loss immediately. The interest rate swaps does not qualify for hedge accounting.
Fair Value Measurement	Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions. Fair value is an exit price regardless of whether that price is directly observable or estimated using another valuation technique.
Financial assets - receivables	Financial assets — receivables Trade receivables are measured at amortized cost using the effective interest method, less any impairment. Normally, the interest element could be disregarded since the receivables are short term. The Company regularly reviews its accounts receivables and estimates the amount of uncollectible receivables each period and establishes an allowance for uncollectible amounts. The amount of the allowance is based on the age of unpaid amounts, information about the current financial strength of customers and other relevant information.
Derecognition of financial assets and financial liabilities	Derecognition of financial assets and financial liabilities The Company derecognizes a financial asset only when the contractual rights to cash flows from the asset expire, or when it transfers the financial asset and substantially all risks and reward of ownership of the asset to another entity. The Company derecognizes financial liabilities when, and only when, the Company’s obligations are discharged, cancelled or expire.
Foreign currency	Foreign currency The functional currency of the Company and each of the Vessel Subsidiaries is the U.S. dollar. This is because the Company’s vessels operate in international shipping markets, in which revenues and expenses are settled in U.S. dollars, and the Company’s most significant assets and liabilities in the form of vessels and related liabilities are denominated in U.S. dollars. For the purposes of presenting these consolidated financial statements, the assets and liabilities of the Company’s foreign operations are translated into U.S. dollars using exchange rates prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during the period, in which case the exchange rates at the date of the transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity.
Classification in the Statement of Financial Position	Classification in the Statement of Financial Position Current assets and current liabilities include items due less than one year from the reporting date, and items related to the operating cycle, if longer, and those primarily held for trading. The current portion of long-term debt is included as current liabilities. Other assets than those described above are classified as non-current assets. Where the Company holds a derivative as an economic hedge (even if hedge accounting is not applied) for a period beyond 12 months after the reporting date, the derivative is classified as non-current (or separated into current and non-current).
Related parties	Related parties Parties are related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are related if they are subject to common control or common significant influence. Key management personnel of the Company are also related parties. All transactions between the related parties are recorded at estimated market value.
Taxes	Taxes The Company is a foreign corporation that is not subject to United States federal income taxes. Further, the Company is not subject to income taxes or tax reporting requirements imposed by the Marshall Islands, the country in which it is incorporated. The Company’s management companies domiciled in Monaco, Norway and Singapore are taxable in local jurisdictions. Income tax expense represents the sum of the taxes currently payable and deferred tax. Taxes payable are provided based on taxable profits at the current tax rate. Deferred taxes are recognized on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all temporary differences and deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilized.
Stock Compensation	Stock Compensation Employees of the Company receive remuneration in the form of restricted common stock that is subject to vesting conditions. Equity-settled share-based payment is measured at the fair value of the equity instrument at the grant date. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of equity instruments that will eventually vest.
Pension	Pension For defined benefit retirement plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial valuations being carried out at the end of each reporting period. Remeasurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling (if applicable) and the return on plan assets (excluding interest), is reflected immediately in the statement of financial position with a charge or credit recognized in other comprehensive income in the period in which it occurs. Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to profit or loss. Past service cost is recognized in profit or loss in the period of a plan liability or asset. The retirement benefit obligation recognized in the consolidated statement of financial position represents the actual deficit or surplus in the Company’s defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any economic benefit available in the form of refunds from the plans or reductions in future contributions to the plans.
Segment information	Segment information As the Company’s business is limited to operating a fleet of crude oil tankers, management has organized the entity as one segment based upon the service provided. Consequently, the Company has one operating segment as defined in IFRS 8, Operating Segments.
Use of estimates	Use of estimates The preparation of financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Areas where significant estimates have been applied are: • Depreciation • Drydock period • Value in use
Use of judgment	Use of judgment In the process of applying the Company’s accounting policies, management has made the following judgments which have the most significant effect on the amounts recognized in the financial statements:
Impairment	Impairment Each of the Company’s vessels has been treated as a separate CGU as the vessels have cash inflows that are largely independent of the cash inflows from other assets and therefore can be subject to a value-in-use analysis. Judgment has been applied in connection with the assessment of indicators of impairment or reversal of prior impairment.
Application of new and revised International Financial Reporting Standards ("IFRSs")	Application of new and revised International Financial Reporting Standards (“IFRSs”) (a) New and revised IFRSs, and interpretations mandatory for the first time for the financial year beginning January 1, 2020. Impact of the initial application of Interest Rate Benchmark Reform amendments to IFRS 9 and IFRS 7 In September 2019, the IASB issued Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7). These amendments modify specific hedge accounting requirements to allow hedge accounting to continue for affected hedges during the period of uncertainty before the hedged items or hedging instruments affected by the current interest rate benchmarks are amended as a result of the on-going interest rate benchmark reforms. The amendments are not relevant to the Company given that it does not apply hedge accounting to its benchmark interest rate exposures. Impact of the initial application of COVID-19-Related Rent Concessions Amendment to IFRS 16 In May 2020, the IASB issued COVID-19-Related Rent Concessions (Amendment to IFRS 16) that provides practical relief to lessees in accounting for rent concessions occurring as a direct consequence of COVID-19, by introducing a practical expedient to IFRS 16. The practical expedient permits a lessee to elect not to assess whether a COVID-19-related rent concession is a lease modification. A lessee that makes this election shall account for any change in lease payments resulting from the COVID-19-related rent concession the same way it would account for the change applying IFRS 16 if the change were not a lease modification. The practical expedient applies only to rent concessions occurring as a direct consequence of COVID-19 and only if all of the following conditions are met: a) The change in lease payments results in revised consideration for the lease that is substantially the same as, or less than, the consideration for the lease immediately preceding the change; b) Any reduction in lease payments affects only payments originally due on or before June 30, 2021 (a rent concession meets this condition if it results in reduced lease payments on or before June 30, 2021 and increased lease payments that extend beyond June 30, 2021); and c) There is no substantive change to other terms and conditions of the lease. The amendment is not relevant to the Company as it does not have rent concessions occurring as a direct consequence of COVID-19. Impact of the initial application of other new and amended IFRS Standards that are effective for the current year In the current year, the Company has applied the below amendments to IFRS Standards and Interpretations issued by the IASB that are effective for an annual period that begins on or after January 1, 2020. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements. Amendments to References to the Conceptual Framework in IFRS Standards The Company has adopted the amendments included in Amendments to References to the Conceptual Framework in IFRS Standards for the first time in the current year. The amendments include consequential amendments to affected Standards so that they refer to the new Framework. Not all amendments, however, update those pronouncements with regard to references to and quotes from the Framework so that they refer to the revised Conceptual Framework. Some pronouncements are only updated to indicate which version of the Framework they are referencing to (the IASC Framework adopted by the IASB in 2001, the IASB Framework of 2010, or the new revised Framework of 2018) or to indicate that definitions in the Standard have not been updated with the new definitions developed in the revised Conceptual Framework. The Standards which are amended are IFRS 2, IFRS 3, IFRS 6, IFRS 14, IAS 1, IAS Amendments to IFRS 3 Definition of a business The Company has adopted the amendments to IFRS 3 for the first time in the current year. The amendments clarify that while businesses usually have outputs, outputs are not required for an integrated set of activities and assets to qualify as a business. To be considered a business an acquired set of activities and assets must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. The amendments remove the assessment of whether market participants are capable of replacing any missing inputs or processes and continuing to produce outputs. The amendments also introduce additional guidance that helps to determine whether a substantive process has been acquired. The amendments introduce an optional concentration test that permits a simplified assessment of whether an acquired set of activities and assets is not a business. Under the optional concentration test, the acquired set of activities and assets is not a business if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar assets. The amendments are applied prospectively to all business combinations and asset acquisitions for which the acquisition date is on or after January 1, 2020. Amendments to IAS 1 and IAS 8 Definition of material The Company has adopted the amendments to IAS 1 and IAS 8 for the first time in the current year. The amendments make the definition of material in IAS 1 easier to understand and are not intended to alter the underlying concept of materiality in IFRS Standards. The concept of ‘obscuring’ material information with immaterial information has been included as part of the new definition. The threshold for materiality influencing users has been changed from ‘could influence’ to ‘could reasonably be expected to influence’. The definition of material in IAS 8 has been replaced by a reference to the definition of material in IAS 1. In addition, the IASB amended other Standards and the Conceptual Framework that contain a definition of ‘material’ or refer to the term ‘material’ to ensure consistency. (b) New and revised IFRSs that are not mandatorily effective (but allow early application) for the year ending December 31, 2020. The Company has not applied the following new and revised IFRSs that have been issued but are not yet effective: o IFRS 17 Insurance Contracts o Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associates or Joint Ventures o Amendments to IAS 1 Classification of Liabilities as Current or Non-current o Amendments to IFRS 3 Reference to the Conceptual Framework o Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use o Amendments to IAS 37 Onerous Contracts – Cost to Fulfilling a Contract o Annual Improvements to IFRS Standards 2018-2020 Cycle Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 9 Financial Instruments, IFRS 16 Leases and IAS 41 Agriculture The Company does not expect the adoption of the Standards listed above will have a material impact on its consolidated financial statements in future periods, except as noted below: IFRS 17 Insurance Contracts IFRS 1 7 establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts and supersedes IFRS 4 Insurance Contracts. IFRS 17 outlines a general model, which is modified for insurance contracts with direct participation features, described as the variable fee approach. The general model is simplified if certain criteria are met by measuring the liability for remaining coverage using the premium allocation approach. The general model uses current assumptions to estimate the amount, timing and uncertainty of future cash flows and it explicitly measures the cost of that uncertainty. It takes into account market interest rates and the impact of policyholders’ options and guarantees. In June 2020, the IASB issued Amendments to IFRS 17 to address concerns and implementation challenges that were identified after IFRS 17 was published. The amendments defer the date of initial application of IFRS 17 (incorporating the amendments) to annual reporting periods beginning on or after January 1, 2023. At the same time, the IASB issued Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4) that extends the fixed expiry date of the temporary exemption from applying IFRS 9 in IFRS 4 to annual reporting periods beginning on or after January 1, 2023. IFRS 17 must be applied retrospectively unless impracticable, in which case the modified retrospective approach or the fair value approach is applied. For the purpose of the transition requirements, the date of initial application is the start of the annual reporting period in which the entity first applies the Standard, and the transition date is the beginning of the period immediately preceding the date of initial application. Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture The amendments to IFRS 10 and IAS 28 deal with situations where there is a sale or contribution of assets between an investor and its associate or joint venture. Specifically, the amendments state that gains or losses resulting from the loss of control of a subsidiary that does not contain a business in a transaction with an associate or a joint venture that is accounted for using the equity method, are recognized in the parent’s profit or loss only to the extent of the unrelated investors’ interests in that associate or joint venture. Similarly, gains and losses resulting from the remeasurement of investments retained in any former subsidiary (that has become an associate or a joint venture that is accounted for using the equity method) to fair value are recognized in the former parent’s profit or loss only to the extent of the unrelated investors’ interests in the new associate or joint venture. The effective date of the amendments has yet to be set by the IASB; however, earlier application of the amendments is permitted. The directors of the Company anticipate that the application of these amendments may have an impact on the Company’s consolidated financial statements in future periods should such transactions arise. Amendments to IAS 1 Classification of Liabilities as Current or Non-current The amendments to IAS 1 affect only the presentation of liabilities as current or non-current in the statement of financial position and not the amount or timing of recognition of any asset, liability, income or expense, or the information disclosed about those items. The amendments clarify that the classification of liabilities as current or non-current is based on rights that are in existence at the end of the reporting period, specify that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability, explain that rights are in existence if covenants are complied with at the end of the reporting period, and introduce a definition of ‘settlement’ to make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets or services. The amendments are applied retrospectively for annual periods beginning on or after January 1, 2023, with early application permitted. Amendments to IFRS 3 Reference to the Conceptual Framework The amendments update IFRS 3 so that it refers to the 2018 Conceptual Framework instead of the 1989 Framework. They also add to IFRS 3 a requirement that, for obligations within the scope of IAS 37, an acquirer applies IAS 37 to determine whether at the acquisition date a present obligation exists as a result of past events. For a levy that would be within the scope of IFRIC 21 Levies, the acquirer applies IFRIC 21 to determine whether the obligating event that gives rise to a liability to pay the levy has occurred by the acquisition date. Finally, the amendments add an explicit statement that an acquirer does not recognize contingent assets acquired in a business combination. The amendments are effective for business combinations for which the date of acquisition is on or after the beginning of the first annual period beginning on or after January 1, 2022. Early application is permitted if an entity also applies all other updated references (published together with the updated Conceptual Framework) at the same time or earlier. Amendments to IAS 16 Property, Plant and Equipment – Proceeds before Intended Use The amendments prohibit deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced before that asset is available for use, i.e., proceeds while bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Consequently, an entity recognizes such sales proceeds and related costs in profit or loss. The entity measures the cost of those items in accordance with IAS 2 Inventories. The amendments also clarify the meaning of ‘testing whether an asset is functioning properly’. IAS 16 now specifies this as assessing whether the technical and physical performance of the asset is such that it is capable of being used in the production or supply of goods or services, for rental to others, or for administrative purposes. If not presented separately in the statement of comprehensive income, the financial statements shall disclose the amounts of proceeds and cost included in profit or loss that relate to items produced that are not an output of the entity’s ordinary activities, and which line item(s) in the statement of comprehensive income include(s) such proceeds and cost. The amendments are applied retrospectively, but only to items of property, plant and equipment that are brought to the location and condition necessary for them to be capable of operating in the manner intended by management on or after the beginning of the earliest period presented in the financial statements in which the entity first applies the amendments. The entity shall recognize the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings (or other component of equity, as appropriate) at the beginning of that earliest period presented. The amendments are effective for annual periods beginning on or after January 1, 2022, with early application permitted. Amendments to IAS 37 Onerous Contracts – Cost of Fulfilling a Contract The amendments specify that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to the contract’. Costs that relate directly to a contract consist of both the incremental costs of fulfilling that contract (examples would be direct labor or materials) and an allocation of other costs that relate directly to fulfilling contracts (an example would be the allocation of the depreciation charge for an item of property, plant and equipment used in fulfilling the contract). The amendments apply to contracts for which the entity has not yet fulfilled all its obligations at the beginning of the annual reporting period in which the entity first applies the amendments. Comparatives are not restated. Instead, the entity shall recognize the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained earnings or other component of equity, as appropriate, at the date of initial application. The amendments are effective for annual periods beginning on or after January 1, 2022, with early application permitted. Annual Improvements to IFRS Standards 2018-2020 The Annual Improvements include amendments to four Standards: IFRS 1 First-time Adoption of International Financial Reporting Standards The amendment provides additional relief to a subsidiary which becomes a first-time adopter later than its parent in respect of accounting for cumulative translation differences. As a result of the amendment, a subsidiary that uses the exemption in IFRS 1:D16(a) can now also elect to measure cumulative translation differences for all foreign operations at the carrying amount that would be included in the parent’s consolidated financial statements, based on the parent’s date of transition to IFRS Standards, if no adjustments were made for consolidation procedures and for the effects of the business combination in which the parent acquired the subsidiary. A similar election is available to an associate or joint venture that uses the exemption in IFRS 1:D16(a). The amendment is effective for annual periods beginning on or after January 1, 2022, with early application permitted. IFRS 9 Financial Instruments The amendment clarifies that in applying the ‘10 per cent’ test to assess whether to derecognize a financial liability, an entity includes only fees paid or received between the entity (the borrower) and the lender, including fees paid or received by either the entity or the lender on the other’s behalf. The amendment is applied prospectively to modifications and exchanges that occur on or after the date the entity first applies the amendment. The amendment is effective for annual periods beginning on or after January 1, 2022, with early application permitted. IFRS 16 Leases The amendment removes the illustration of the reimbursement of leasehold improvements. As the amendment to IFRS 16 only regards an illustrative example, no effective date is stated. IAS 41 Agriculture The amendment removes the requirement in IAS 41 for entities to exclude cash flows for taxation when measuring fair value. This aligns the fair value measurement in IAS 41 with the requirements of IFRS 13 Fair Value Measurement to use internally consistent cash flows and discount rates and enables preparers to determine whether to use pretax or post-tax cash flows and discount rates for the most appropriate fair value measurement. The amendment is applied prospectively, i.e., for fair value measurements on or after the date an entity initially applies the amendment. The amendment is effective for annual periods beginning on or after January 1, 2022, with early application permitted.

Charter arrangements (Tables)

Charter arrangements (Tables)	12 Months Ended
	Dec. 31, 2020
Charter arrangements [Abstract]
Shipping Revenues	The below table details the Company’s shipping revenues: (Dollars in thousands) 2020 2019 2018 Time charter revenues* $ 182,663 $ 57,472 $ 64,462 Voyage charter revenues 508,375 477,595 311,480 Shipping revenues $ 691,039 $ 535,068 $ 375,941 * 2020 and 2019 time charter revenue is presented in accordance with IFRS 16 Leases, Revenue from Contracts with Customers.
Vessel Employment	The following summarizes the Company’s vessel employment as of December 31, 2020 Vessel Type of Employment Expiry VLCC DHT Amazon Time charter with profit sharing Q3 2021 DHT Bauhinia Time charter Q1 2021 DHT Bronco Spot DHT China Time charter with profit sharing Q2 2021 DHT Colt Time charter Q3 2022 DHT Condor Spot DHT Edelweiss Time charter Q1 2021 DHT Europe Time charter Q1 2021 DHT Falcon Spot DHT Hawk Time charter Q1 2021 DHT Jaguar Spot DHT Lake Time charter Q1 2021 DHT Leopard Spot DHT Lion Time charter Q1 2021 DHT Lotus Spot DHT Mustang Time charter Q2 2021 DHT Opal Time charter Q3 2021 DHT Panther Spot DHT Peony Time charter Q1 2021 DHT Puma Time charter Q1 2021 DHT Raven Time charter Q1 2021 DHT Redwood Time charter Q1 2021 DHT Scandinavia Spot DHT Stallion Time charter Q2 2022 DHT Sundarbans Time charter with profit sharing Q4 2021 DHT Taiga Time charter with profit sharing Q4 2022 DHT Tiger Spot
Future Charter Payments	The future revenues expected to be received from the time charters (not including any potential profit sharing) for the Company’s vessels on existing charters as of the reporting date are as follows: (Dollars in thousands) Year Amount 2021 $ 99,264 2022 23,049 2023 — 2024 — Thereafter — Net charter payments $ 122,313
Contract Balances	Contract balances and related disclosures have been included in the following places in the notes to the Company’s consolidated financial statements: Note Accounts receivable and accrued revenues notes 8,9 Voyage expenses are capitalized (Dollars in thousands) 2020 2019 2018 Capitalized voyage expense $ 1,039 $ 4,151 $ 1,633

Earnings per share ("EPS") (Tab

Earnings per share ("EPS") (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings per share ("EPS") [Abstract]
Calculation of Basic and Diluted Earnings Per Share	The components of the calculation of basic EPS and diluted EPS are as follows: (Dollars in thousands) 2020 2019 2018 Profit/(loss) for the period used for calculation of EPS - basic $ 266,266 $ 73,679 $ (46,927 ) Interest and amortization on the convertible notes $ 6,766 $ 12,177 $ - Profit/(loss) for the period used for calculation of EPS - dilutive $ 273,032 $ 85,856 $ (46,927 ) Basic earnings per share: Weighted average shares outstanding - basic 155,712,886 143,437,164 143,429,610 Diluted earnings per share: Weighted average shares outstanding - basic 155,712,886 143,437,164 143,429,610 Dilutive equity awards 65,873 133,342 5,311 Dilutive shares related to convertible notes 14,275,217 24,589,370 - Weighted average shares outstanding - dilutive 170,053,975 168,159,876 143,434,921

Vessels and subsidiaries (Table

Vessels and subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2020
Vessels and subsidiaries [Abstract]
Vessel Subsidiaries	The following table sets out the details of the Vessel Subsidiaries included in these consolidated financial statements: Company Vessel name Dwt Flag State Year Built DHT Mustang Inc DHT Mustang 317,975 Hong Kong 2018 DHT Bronco Inc DHT Bronco 317,975 Hong Kong 2018 DHT Colt Inc DHT Colt 319,713 Hong Kong 2018 DHT Stallion Inc DHT Stallion 319,713 Hong Kong 2018 DHT Tiger Limited DHT Tiger 299,629 Hong Kong 2017 DHT Puma Limited DHT Puma 299,629 Hong Kong 2016 DHT Panther Limited DHT Panther 299,629 Hong Kong 2016 DHT Lion Limited DHT Lion 299,629 Hong Kong 2016 DHT Leopard Limited DHT Leopard 299,629 Hong Kong 2016 DHT Jaguar Limited DHT Jaguar 299,629 Hong Kong 2015 DHT Opal Inc DHT Opal 320,105 Hong Kong 2012 Samco Theta Ltd DHT Sundarbans 314,249 RIF 2012 Samco Iota Ltd DHT Taiga 314,249 Hong Kong 2012 DHT Peony Inc DHT Peony 320,013 Hong Kong 2011 DHT Lotus Inc DHT Lotus 320,142 Hong Kong 2011 Samco Eta Ltd DHT Amazon 314,249 RIF 2011 Samco Kappa Ltd DHT Redwood 314,249 Hong Kong 2011 DHT Edelweiss Inc DHT Edelweiss 301,021 Hong Kong 2008 Samco Epsilon Ltd DHT China 317,794 RIF 2007 Samco Delta Ltd DHT Europe 317,713 Hong Kong 2007 DHT Bauhinia Inc DHT Bauhinia 301,019 Hong Kong 2007 DHT Hawk Inc DHT Hawk 298,923 Hong Kong 2007 Samco Gamma Ltd DHT Scandinavia 317,826 Hong Kong 2006 DHT Falcon Inc DHT Falcon 298,971 Hong Kong 2006 DHT Lake Inc DHT Lake 298,564 Hong Kong 2004 DHT Raven Inc DHT Raven 298,563 Hong Kong 2004 DHT Condor, Inc. DHT Condor 320,050 Hong Kong 2004 DHT Eagle, Inc. DHT Eagle ** 309,064 Hong Kong 2002 DHT Phoenix, Inc. DHT Phoenix *** 307,151 Hong Kong 1999 Cathy Tanker Corporation DHT Cathy* 115,000 Marshall Islands 2004 Sophie Tanker Corporation DHT Sophie* 115,000 Marshall Islands 2003 * DHT Sophie and DHT Cathy were sold to one buyer in October 2018. Both vessels were delivered to the buyer during fourth quarter 2018. ** DHT Eagle was sold in November 2017 and was delivered to the buyer in December 2017. *** DHT Phoenix was sold and delivered to new owners in June 2017.
Vessels and Time Charter Contracts	Vessels and time charter contracts (Dollars in thousands) Vessels Drydock Scrubbers Time charter contracts Total Cost As of January 1, 2020 2,014,093 43,820 42,482 6,600 2,106,997 Transferred from vessels upgrades 4,896 9,480 8,589 - 22,964 Disposals - (8,505 ) - - (8,505 ) As of December 31, 2020 2,018,989 44,795 51,071 6,600 2,121,456 Accumulated depreciation and impairment As of January 1, 2020 (487,996 ) (17,880 ) (6,507 ) (5,170 ) (517,553 ) Charge for the period (96,153 ) (12,756 ) (13,525 ) (978 ) (123,412 ) Impairment charges (12,560 ) - - - (12,560 ) Disposals 8,505 8,505 As of December 31, 2020 (596,709 ) (22,130 ) (20,032 ) (6,148 ) (645,020 ) Net book value As of December 31, 2020 1,422,279 22,665 31,039 452 1,476,436 Cost As of January 1, 2019 2,007,385 44,818 12,652 6,600 2,071,456 Additions* (42 ) (375 ) (721 ) - (1,139 ) Transferred from vessels upgrades 6,750 2,493 30,552 - 39,795 Disposals - (3,116 ) - - (3,116 ) As of December 31, 2019 2,014,093 43,820 42,482 6,600 2,106,997 Accumulated depreciation and impairment As of January 1, 2019 (391,894 ) (9,171 ) (388 ) (4,193 ) (405,647 ) Charge for the period (96,102 ) (11,824 ) (6,118 ) (978 ) (115,022 ) Disposals - 3,116 - - 3,116 As of December 31, 2019 (487,996 ) (17,880 ) (6,507 ) (5,170 ) (517,553 ) Net book value As of December 31, 2019 1,526,097 25,941 35,976 1,430 1,589,444 Vessel upgrades As of January 1, 2020 1,371 - 10,281 - 11,652 Additions 6,313 12,745 9,524 - 28,581 Transferred to vessels (4,896 ) (9,480 ) (8,589 ) - (22,964 ) As of December 31, 2020 2,788 3,265 11,216 - 17,269 As of January 1, 2019 - - - - - Additions 8,121 2,493 40,832 - 51,446 Transferred to vessels (6,750 ) (2,493 ) (30,552 ) - (39,795 ) As of December 31, 2019 1,371 - 10,281 - 11,652 * Additions in 2019 relates to adjustments to capitalized expenses in 2018.
Time Charter Contracts	Time charter contracts Expected useful life Carrying amount (Dollars in thousands) 2020 2019 DHT China charter Finite 452 1,430 Total 452 1,430

Accounts payable and accrued _2

Accounts payable and accrued expenses (Tables)	12 Months Ended
	Dec. 31, 2020
Accounts payable and accrued expenses [Abstract]
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following: (Dollars in thousands) 2020 2019 Accounts payable $ 2,811 $ 7,913 Accrued interest 719 3,462 Accrued voyage expenses 1,593 8,865 Accrued employee compensation 4,176 2,976 Other* 9,204 782 Total accounts payable and accrued expenses $ 18,503 $ 23,998 *Other includes accrued operating expenses and accrued capital expenditures in 2020 and accrued operating expenses in 2019.

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
	Dec. 31, 2020
Financial instruments [Abstract]
Categories of Financial Instruments	Categories of financial instruments (Dollars in thousands) Carrying amount Financial assets 2020 2019 Cash and cash equivalents (1)(3) $ 68,641 $ 67,356 Accounts receivable and accrued revenues (1) 30,060 107,848 Total financial assets $ 98,700 $ 175,204 Financial liabilities Accounts payables and accrued expenses (1) $ 18,503 $ 23,998 Derivative financial liabilities, current (2) 9,073 4,320 Current portion long-term debt (1) 3,396 100,385 Long-term debt (1) 446,562 750,586 Derivative financial liabilities, non-current (2) 14,601 11,279 Total financial liabilities $ 492,135 $ 890,569 (1) Amortized cost. (2) Fair value through profit or loss. (3) Cash and cash equivalents include $299 thousand in restricted cash in 2020 and $221 thousand in 2019, including employee withholding tax.
Derivatives Interest Rate Swaps	Derivatives - interest rate swaps Expires Notional amount Fair value (Dollars in thousands) 2020 2019 2020 2019 Swap pays 2.987%, receive floating Apr. 20, 2023 $ 42,000 44,400 2,541 1,748 Swap pays 3.012%, receive floating Apr. 20, 2023 $ 42,000 44,400 2,564 1,780 Swap pays 3.019%, receive floating Sept. 29, 2023 $ 30,743 33,310 2,131 1,425 Swap pays 3.019%, receive floating Sept. 29, 2023 $ 29,829 32,396 2,060 1,380 Swap pays 2.8665%, receive floating Sep. 29, 2023 $ 46,260 48,830 3,147 1,976 Swap pays 2.8785%, receive floating Jun. 30, 2023 $ 40,673 43,240 2,513 1,681 Swap pays 2.885%, receive floating Sept. 29, 2023 $ 45,618 48,188 3,139 1,961 Swap pays 2.897%, receive floating Sept. 30, 2023 $ 40,851 43,419 2,792 1,789 Swap pays 3.020%, receive floating Sept. 29, 2023 $ 39,167 41,734 2,786 1,859 Total carrying amount $ 357,141 379,916 23,673 15,600
Interest Bearing Debt	Interest-bearing debt Interest Remaining notional Carrying amount (Dollars in thousands) 2020 2019 Credit Agricole Credit Facility LIBOR + 2.19 % 37,839 37,626 55,719 Danish Ship Finance Credit Facility LIBOR + 2.00 % 36,400 36,015 38,929 Nordea Credit Facility LIBOR + 2.40 % 110,933 109,423 207,175 ABN Amro Credit Facility LIBOR + 2.40 % 269,505 266,895 432,581 ABN Amro Revolving Credit Facility LIBOR + 2.50 % - - - Convertible Senior Notes due 2021 4.50 % - - 116,568 Total carrying amount 454,677 449,959 850,972
Reconciliation of Liabilities Arising from Financing Activities	The table below details changes in liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Company’s consolidated statement of cash flows as cash flows from financing activities. Non-cash changes As of January 1, 2020 (1) Financing cash flows (2) Amortization Equity component of convertible notes Other changes (3) As of December 31, 2020 Bank loans 734,404 (286,733 ) 2,288 449,959 Convertible Senior Notes due 2021 116,568 3,250 (119,818 ) - Office leases 2,846 (467 ) 1,681 4,060 Total (4) 853,817 (287,199 ) 5,538 (119,818 ) 1,681 454,019 Non-cash changes As of January 1, 2019 (1) Financing cash flows (2) Amortization Equity component of convertible notes Other changes (3) As of December 31, 2019 Bank loans 823,299 (91,440 ) 2,545 734,404 Convertible Senior Notes due 2019 32,009 (6,426 ) 851 (26,434 ) - Convertible Senior Notes due 2021 111,968 (7 ) 4,607 116,568 Office leases 1,484 (370 ) 1,732 2,846 Total (4) 968,759 (98,243 ) 8,003 (26,434 ) 1,732 853,817 (1) The opening balance as of January 1, 2019, includes the initial recognition of a lease liability of $1.5 million resulting from the adoption of IFRS 16 Leases. (2) The cash flows from bank loans make up the net amount of issuance of long-term debt and repayment of long-term debt in the statement of cash flows . (3) Other changes for the year 2020 and 2019 represent new, modified office leases and foreign exchange effects during the year related to IFRS 16 Leases (4) The reconciliation does not include interest rate swaps, which are described in note 8.

Financial risk management, ob_2

Financial risk management, objectives and policies (Tables)	12 Months Ended
	Dec. 31, 2020
Financial risk management, objectives and policies [Abstract]
Maximum Credit Exposure	The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting dates was: (Dollars in thousands) 2020 2019 Cash and cash equivalents $ 68,641 $ 67,356 Accounts receivable and accrued revenues 30,060 107,848 Maximum credit exposure $ 98,700 $ 175,204
Contractual Maturities of Financial Liabilities	The following are contractual maturities of financial liabilities, including estimated interest payments on an undiscounted basis. Swap payments are the net effect from paying fixed rate/ receive LIBOR. The LIBOR interest spot rate at December 31, 2020 (and spot rate at December 31, 2019 for comparatives) is used as a basis for preparation. As of December 31, 2020 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 19,110 $ 475,441 $ - $ 494,552 Interest rate swaps 8,541 12,415 - 20,956 Total $ 27,651 $ 487,857 $ - $ 515,507 As of December 31, 2019 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 140,707 $ 855,593 $ - $ 996,301 Interest rate swaps 3,523 8,105 - 11,629 Total $ 144,230 $ 863,699 $ - $ 1,007,929

Stockholders' equity and divi_2

Stockholders' equity and dividend payment (Tables)	12 Months Ended
	Dec. 31, 2020
Stockholders' equity and dividend payment [Abstract]
Stockholders Equity	Stockholders’ equity: (Dollars in thousands, except per share data) Common stock Preferred stock Issued at December 31, 2018 142,700,046 Restricted stock issued 790,571 Conversion of convertible bonds 4,390,025 Retirement of treasury shares (1,061,241 ) Issued at December 31, 2019 146,819,401 Restricted stock issued 601,530 Conversion of convertible bonds 23,377,397 Issued at December 31, 2020 170,798,328 Par value $ 0.01 $ 0.01 Number of shares authorized for issue at December 31, 2020 250,000,000
Dividend Payment	Dividend payment: Dividend payment as of December 31, 2020: Per share Payment date: Total payment Common February 25, 2020 $ 47.0 million $ 0.32 May 26, 2020 $ 51.5 million $ 0.35 September 2, 2020 $ 82.0 million $ 0.48 November 25, 2020 $ 34.2 million $ 0.20 Total payment as of December 31, 2020: $ 214.7 million $ 1.35 Dividend payment as of December 31, 2019: Per share Payment date: Total payment Common February 26, 2019 $ 7.1 million $ 0.05 May 28, 2019 $ 11.4 million $ 0.08 August 29, 2019 $ 2.8 million $ 0.02 November 14, 2019 $ 7.3 million $ 0.05 Total payment as of December 31, 2019: $ 28.7 million $ 0.20 Dividend payment as of December 31, 2018: Per share Payment date: Total payment Common February 28, 2018 $ 2.9 million $ 0.02 May 30, 2018 $ 2.9 million $ 0.02 August 31, 2018 $ 2.9 million $ 0.02 November 23, 2018 $ 2.9 million $ 0.02 Total payment as of December 31, 2018: $ 11.5 million $ 0.08

General & Administrative Expe_2

General & Administrative Expenses (Tables)	12 Months Ended
	Dec. 31, 2020
General & Administrative Expenses [Abstract]
General and Administrative Expenses	General and Administrative Expenses: (Dollars in thousands) 2020 2019 2018 Total Compensation to Employees and Directors $ 14,163 $ 10,331 $ 11,289 Office and Administrative Expenses 2,413 2,633 2,449 Audit, Legal and Consultancy 1,313 1,826 1,314 Total General and Administrative Expenses $ 17,890 $ 14,789 $ 15,052
Stock Compensation Series	Stock Compensation Series Number of shares/ options Vesting Period Fair value at grant date (1) Granted October 2005, stock options 965 10 years $ 144.00 (2) Granted March 2012, restricted shares 14,515 3 years 13.80 (3) Granted June 2013, restricted shares 155,000 4 years 4.15 (4) Granted June 2013, stock options 155,000 5 years 1.31 (5) Granted June 2013, stock options 155,000 5 years 0.97 (6) Granted February 2014, restricted shares 29,333 3 years 6.92 (7) Granted February 2014, restricted shares 29,333 3 years 6.33 (8) Granted February 2014, restricted shares 29,333 3 years 5.63 (9) Granted February 2014, restricted shares 88,000 3 years 7.61 (10) Granted June 2014, restricted shares 95,666 3 years 6.41 (11) Granted June 2014, restricted shares 95,666 3 years 5.74 (12) Granted June 2014, restricted shares 95,666 3 years 5.13 (13) Granted June 2014, restricted shares 287,000 3 years 7.15 (14) Granted January 2015, restricted shares 850,000 3 years 8.81 (15) Granted January 2016, restricted shares 824,000 2 years 6.65 (16) Granted January 2017, restricted shares 900,000 2 years 4.61 (17) Granted January 2018, restricted shares 355,000 1 year 3.92 (18) Granted January 2018, restricted shares 212,000 3 years 2.30 (19) Granted January 2019, restricted shares 360,000 3 years 4.25 (20) Granted January 2019, restricted shares 200,000 3 years 3.04 (21) Granted March 2019, restricted shares 210,000 1 year 4.60 (22) Granted January 2020, restricted shares 460,000 3 years 8.22 (23) Granted January 2020, restricted shares 150,000 1 year 8.22 (24) Granted January 2020, restricted shares 200,000 1 year 3.5637
Reconciliation of Outstanding Restricted Common Stock and Share Options	The following reconciles the number of outstanding restricted common stock and share options: Restricted common stock Share options Weighted average exercise price ** Outstanding at December 31, 2017 1,086,331 310,000 $ 9.64 Granted 567,000 Exercised* 1,085,331 Forfeited 22,500 310,000 9.64 Outstanding at December 31, 2018 545,500 - $ - Outstanding at December 31, 2018 545,500 - $ - Granted 770,000 Exercised* 755,500 Forfeited - Outstanding at December 31, 2019 560,000 - $ - Outstanding at December 31, 2019 560,000 - $ - Granted 810,000 Exercised* 550,002 Forfeited - Outstanding at December 31, 2020 819,998 - $ - *Does not include shares in lieu of dividends **To be adjusted for dividends declared and paid subsequent to the respective grant dates.
Stock Compensation Expense	Stock Compensation Expense (Dollars in thousands) 2020 2019 2018 Expense recognized from stock compensation $ 4,792 $ 2,532 $ 2,458
Remuneration of Executives and Directors	Remuneration of Directors and Executives as a group: (Dollars in thousands) 2020 2019 2018 Cash compensation $ 3,897 $ 3,518 $ 3,989 Pension cost 33 36 202 Share compensation* 4,364 2,003 2,250 Total remuneration $ 8,293 $ 5,556 $ 6,441 * Share compensation reflects the expense recognized.
Shares held by Executives and Directors	Shares held by Directors and Executives: 2020 2019 2018 Directors and Executives as a group* 2,303,011 3,615,221 3,155,503 *Includes 619,998 (2019: 440,000, 2018: 465,000) shares of restricted stock subject to vesting conditions.

Pensions (Tables)

Pensions (Tables)	12 Months Ended
	Dec. 31, 2020
Pensions [Abstract]
Calculation of Annual Pension Costs	Calculation of this year’s pension costs: (Dollars in thousands) 2020 2019 2018 Current service cost 293 406 403 Financial costs 9 14 10 Pension costs for the year 302 420 413
Amounts Recognised in Statement of Financial Position	The amounts recognised in the statement of financial position at the reporting date are as follows: 2020 2019 2018 Present value of the defined benefit obligation 1,793 2,494 1,971 Fair value of plan assets 1,362 1,788 1,614 Net pension obligation 431 707 357 Remeasurement loss/(gain) 181 (287 ) 182 Net balance sheet recorded pension liability December 31 612 420 539
Change in Gross Pension Obligation	Change in gross pension obligation: Gross obligation January 1 1,439 2,090 1,708 Current service cost 289 401 398 Interest charge on pension liabilities 31 54 42 Past service cost - curtailment/plan amendment - - - Settlement (gain) - - - Social security expenses (37 ) (31 ) (57 ) Remeasurements loss/(gain) 73 (1,055 ) 119 Exchange rate differences 71 (21 ) (119 ) Gross pension obligation December 31 1,866 1,439 2,090
Change in Gross Pension Assets	Change in gross pension assets: Fair value plan asset January 1 1,019 1,551 1,282 Interest income 18 36 27 Settlement - - - Employer contribution 266 216 404 Remeasurements (loss)/gain (108 ) (768 ) (63 ) Exchange rate differences 58 (16 ) (99 ) Fair value plan assets December 31 1,254 1,019 1,551
Pension Contributions Assumptions	The Company expects to contribute $234 thousand to its defined benefit pension plan in 2021. Assumptions 2020 2019 2018 Discount rate 1.70 % 2.30 % 2.60 % Yield on pension assets 1.70 % 2.30 % 2.60 % Wage growth 2.25 % 2.25 % 2.75 % G regulation* 2.00 % 2.00 % 2.50 % Pension adjustment 0.00 % 0.50 % 0.80 % Average remaining service period 19 19 18 *Increase of social security base amount (“G”) as per Norwegian regulations.

Tax (Tables)

Tax (Tables)	12 Months Ended
	Dec. 31, 2020
Tax [Abstract]
Specification of Income Tax	Specification of income tax: (Dollars in thousands) 2020 2019 2018 Income tax payable $ 587 $ 111 $ 74 Tax expenses related to previous year 309 32 1 Change in deferred tax 5 (12 ) 8 Total income tax expense $ 900 $ 131 $ 83
Specification of Temporary Differences and Deferred Tax	Specification of temporary differences and deferred tax: (Dollars in thousands) December 31, 2020 December 31, 2019 December 31, 2018 Property, plant and equipment $ 2 $ (13 ) $ (164 ) Pensions (612 ) (420 ) (539 ) Total basis for deferred tax (610 ) (432 ) (703 ) Deferred tax liability(asset), net (1)(2) $ (140 ) $ (102 ) $ (155 ) Deferred tax (asset), gross (3) (161 ) (126 ) (155 ) Deferred tax liability, gross (3) 21 24 - (1) Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position. (2) The general income tax rate is reduced from 23% to 22%, effective from fiscal year 2019, and reduced from 24% to 23%, effective from fiscal year 2018. (3) Deferred tax liability is related to the subsidiary in Singapore and cannot be offset with the deferred tax asset related to the subsidiary in Norway.
Reconciliation of Effective Tax Rate	Reconciliation of effective tax rate: (Dollars in thousands) 2020 2019 2018 Profit/(loss) before income tax $ 267,181 $ 73,812 $ (46,845 ) Expected income tax assessed at the tax rate for the Parent company (0%) - - - Adjusted for tax effect of the following items: Income in subsidiary, subject to income tax 900 131 83 Total income tax expense $ 900 $ 131 $ 83

Investment in associate compa_2

Investment in associate company (Tables)	12 Months Ended
	Dec. 31, 2020
Investment in associate company [Abstract]
Investment in Associate Company	(Dollars in thousands) 2020 2019 Investment in associate company $ 5,233 $ 4,772
Details of Associate	Details of associate are as follows: Name of associate Principal activities Place of incorporation and business Effective equity interest 2020 2019 Goodwood Ship Management Pte. Ltd. Ship management Singapore 50% 50%
Share of Profit of the Associate Using in Equity Method	The following summarizes the share of profit of the associate that is accounted for using the equity method: (Dollars in thousands) Company’s share of 2020 2019 - Profit after taxation $ 1,193 $ 852 - Other comprehensive income for the year, net of tax $ 104 $ 44 - Total comprehensive income for the year $ 1,297 $ 896

Condensed Financial Informati_2

Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]
Financial Position	FINANCIAL POSITION (Dollars in thousands) ASSETS December 31, December 31, Current assets 2020 2019 Cash and cash equivalents $ 5,310 $ 22,492 Accounts receivable and prepaid expenses 1,679 874 Amounts due from related parties 84,725 62,822 Total current assets $ 91,713 $ 86,188 Investments in subsidiaries $ 434,172 $ 468,817 Loan to subsidiaries 324,420 526,574 Investment in associate company 201 201 Total non-current assets $ 758,793 $ 995,593 Total assets $ 850,506 $ 1,081,780 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $ 170 $ 2,416 Total current liabilities $ 170 $ 2,416 Non-current liabilities Long-term debt $ - $ 116,568 Total non-current liabilities $ - $ 116,568 Total liabilities $ 170 $ 118,984 Stockholders' equity Stock $ 1,708 $ 1,468 Paid-in additional capital 1,245,449 1,121,047 Accumulated deficit (396,820 ) (159,719 ) Total stockholders' equity $ 850,336 $ 962,796 Total liabilities and stockholders' equity $ 850,506 $ 1,081,780
Income Statement	INCOME STATEMENT (Dollars in thousands) Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Jan. 1 - Dec. 31, 2018 Impairment charge $ (35,278 ) $ 455 $ (93,452 ) Dividend income 17,081 25,519 9,909 General and administrative expense (19,148 ) (14,782 ) (13,735 ) Operating income/(loss) $ (37,345 ) $ 11,192 $ (97,279 ) Interest income $ 21,434 $ 27,943 $ 24,893 Interest expense (6,766 ) (12,177 ) (10,341 ) Other financial income/(expenses) 245 17 (3,416 ) Profit/(loss) for the year $ (22,433 ) $ 26,975 $ (86,143 )
Statement of Comprehensive Income	Statement of Comprehensive Income (Dollars in thousands) Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Jan. 1 - Dec. 31, 2018 Profit/(loss) for the year $ (22,433 ) $ 26,975 $ (86,143 ) Total comprehensive income/(loss) for the period $ (22,433 ) $ 26,975 $ (86,143 ) Attributable to the owners $ (22,433 ) $ 26,975 $ (86,143 )
Cash Flow	CASH FLOW (Dollars in thousands) Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Jan. 1 - Dec. 31, 2018 Cash Flows from Operating Activities: Profit/(loss) for the year $ (22,433 ) $ 26,975 $ (86,143 ) Items included in net income not affecting cash flows: Amortization 3,250 5,459 4,733 Impairment charge 35,278 (455 ) 93,452 Compensation related to options and restricted stock 4,204 693 663 (Gain)/loss purchase convertible bond - - 3,589 Changes in operating assets and liabilities: Accounts receivable and prepaid expenses (805 ) (500 ) (125 ) Accounts payable and accrued expenses (2,246 ) (1,317 ) 2,279 Amounts due to related parties (43,313 ) (63,280 ) (72,365 ) Net cash used in operating activities $ (26,063 ) $ (32,425 ) $ (53,917 ) Cash flows from Investing Activities Loan to subsidiaries $ 223,550 $ 75,500 $ 58,990 Investment in vessels under construction - - (21,263 ) Net cash provided by investing activities $ 223,550 $ 75,500 $ 37,727 Cash flows from Financing Activities Cash dividends paid $ (214,669 ) $ (28,685 ) $ (11,487 ) Purchase of treasury shares - (3,248 ) (5,026 ) Issuance of convertible bonds - (7 ) 38,945 Repayment of convertible bonds - (6,426 ) - Net cash (used in)/provided by financing activities $ (214,669 ) $ (38,366 ) $ 22,432 Net (decrease)increase in cash and cash equivalents $ (17,182 ) $ 4,709 $ 6,242 Cash and cash equivalents at beginning of period 22,492 17,783 11,540 Cash and cash equivalents at end of period $ 5,310 $ 22,492 $ 17,783
Profit/(Loss) Reconciliation	Profit/(Loss) Reconciliation (Dollars in thousands) Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Jan. 1 - Dec. 31, 2018 Profit/(loss) of the parent company only under cost method of accounting $ (22,433 ) $ 26,975 $ (86,143 ) Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting 288,653 46,969 39,014 Profit/(loss) of the parent company only under equity method of accounting $ 266,221 $ 73,944 $ (47,128 )
Equity Reconciliation	Equity Reconciliation (Dollars in thousands) December 31, 2020 December 31, 2019 Equity of the parent company only under cost method of accounting $ 850,336 $ 962,796 Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting 358,384 69,731 Equity of the parent company only under equity method of accounting $ 1,208,720 $ 1,032,527

General information (Details)

General information (Details)	12 Months Ended
	Dec. 31, 2020SubsidiariesCrudeCarriert
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	34
Number of large crude carriers | CrudeCarrier	27
Total carrying capacity | t	8,360,850
Top of Range [Member]
Disclosure of subsidiaries [abstract]
Weight of tankers | t	320,000
Bottom of Range [Member]
Disclosure of subsidiaries [abstract]
Weight of tankers | t	200,000
Marshall Island [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	22
Number of vessel-owning subsidiaries	22
Cayman Islands [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	7
Number of vessel-owning subsidiaries	7
Singapore [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	3
Monegasque [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	1
Norwegian [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	1

Significant accounting princi_3

Significant accounting principles (Details) - Segment	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Segment Information [Abstract]
Number of operating segment	1
Bottom of Range [Member]
Investments in Associates [Abstract]
Percentage of voting rights	20.00%
Docking and Survey Expenditure [Abstract]
Term for vessels to be drydocked	30 months
Top of Range [Member]
Investments in Associates [Abstract]
Percentage of voting rights	50.00%
Docking and Survey Expenditure [Abstract]
Term for vessels to be drydocked	60 months
Vessels [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	20 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	5 years
Computer Equipment and Software [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	3 years
Scrubbers [Member]
Property, Plant and Equipment [Abstract]
Expected useful life		3 years

Segment information (Details)

Segment information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)SegmentVessel	Dec. 31, 2019USD ($)Vessel	Dec. 31, 2018USD ($)Vessel
Operating Segments [Abstract]
Number of operating segments | Segment	1
Information About Major Customers [Abstract]
Number of vessels in operation | Vessel	27	27	27
Revenues	$ 691,039	$ 535,068	$ 375,941
Time Charters [Member]
Information About Major Customers [Abstract]
Number of vessels in operation | Vessel	18	5	5
Spot Market [Member]
Information About Major Customers [Abstract]
Number of vessels in operation | Vessel	9	22	22
Customer One [Member]
Information About Major Customers [Abstract]
Revenues	$ 78,513	$ 84,067	$ 76,015
Customer Two [Member]
Information About Major Customers [Abstract]
Revenues	57,777	79,161	38,408
Customer Three [Member]
Information About Major Customers [Abstract]
Revenues	55,371	73,629	19,269
Customer Four [Member]
Information About Major Customers [Abstract]
Revenues	53,711	39,477	18,692
Customer Five [Member]
Information About Major Customers [Abstract]
Revenues	$ 37,670	$ 34,786	$ 18,679

Charter arrangements, Shipping

Charter arrangements, Shipping revenues (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Shipping Revenues [Abstract]
Shipping revenues		$ 691,039	$ 535,068	$ 375,941
Time Charter Revenues [Member]
Shipping Revenues [Abstract]
Shipping revenues	[1]	182,663	57,472	64,462
Time Charter Revenues [Member] | IFRS 15 [Member]
Shipping Revenues [Abstract]
Shipping revenues		33,224	14,826
Voyage Charter Revenues [Member]
Shipping Revenues [Abstract]
Shipping revenues		$ 508,375	$ 477,595	$ 311,480
[1]	2020 and 2019 time charter revenue is presented in accordance with IFRS 16 Leases, while the portion of time charter revenue related to technical management services, equaling $33,224 thousand and $14,826 thousand, respectively, is presented in accordance with IFRS 15 Revenue from Contracts with Customers.

Charter arrangements, Summary o

Charter arrangements, Summary of vessel employment (Details)	12 Months Ended
	Dec. 31, 2020
DHT Amazon [Member]
Vessel employment [Abstract]
Type of Employment	Time charter with profit sharing
Expiry	Q3 2021
DHT Bauhinia [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Bronco [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT China [Member]
Vessel employment [Abstract]
Type of Employment	Time charter with profit sharing
Expiry	Q2 2021
DHT Colt [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q3 2022
DHT Condor [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Edelweiss [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Europe [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Falcon [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Hawk [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Jaguar [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Lake [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Leopard [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Lion [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Lotus [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Mustang [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q2 2021
DHT Opal [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q3 2021
DHT Panther [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Peony [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Puma [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Raven [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Redwood [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q1 2021
DHT Scandinavia [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Stallion [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q2 2022
DHT Sundarbans [Member]
Vessel employment [Abstract]
Type of Employment	Time charter with profit sharing
Expiry	Q4 2021
DHT Taiga [Member]
Vessel employment [Abstract]
Type of Employment	Time charter with profit sharing
Expiry	Q4 2022
DHT Tiger [Member]
Vessel employment [Abstract]
Type of Employment	Spot

Charter arrangements, Future ch

Charter arrangements, Future charter payments (Details) $ in Thousands	Dec. 31, 2020USD ($)
Charter arrangements [Abstract]
2021	$ 99,264
2022	23,049
2023	0
2024	0
Thereafter	0
Net charter payments	$ 122,313

Charter arrangements, Contract

Charter arrangements, Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Contract balances [Abstract]
Capitalized voyage expense	$ 1,039	$ 4,151	$ 1,633
Amortisation expense			1,515
Impairment losses	0	0	$ 0
Voyage in progress at the end of December 31, 2020 [member]
Contract balances [Abstract]
Amortisation expense	397
Voyage in progress at the end of December 31, 2019 [Member]
Contract balances [Abstract]
Amortisation expense	$ 4,151	4,440
Voyage in progress at the end of December 31, 2018 [Member]
Contract balances [Abstract]
Amortisation expense		$ 1,633

Charter arrangements, Additiona

Charter arrangements, Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)VesselCounterparty	Dec. 31, 2019USD ($)VesselCounterparty	Dec. 31, 2018VesselCounterparty
Charter arrangements [Abstract]
Deferred shipping revenues | $	$ 16,236	$ 930
Concentration of Risk [Abstract]
Number of vessels	27	27	27
Number of counterparties | Counterparty	10	4	4
Time Charters [Member]
Concentration of Risk [Abstract]
Number of vessels	18	5	5
Spot Market [Member]
Concentration of Risk [Abstract]
Number of vessels	9	22	22

Earnings per share ("EPS") (Det

Earnings per share ("EPS") (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Components of calculation of basic EPS and diluted EPS [Abstract]
Profit/(loss) for the period used for calculation of EPS - basic	$ 266,266	$ 73,679	$ (46,927)
Interest and amortization on the convertible notes	6,766	12,177	0
Profit/(loss) for the period used for calculation of EPS - dilutive	$ 273,032	$ 85,856	$ (46,927)
Basic earnings per share [Abstract]
Weighted average number of shares (basic) (in shares)	155,712,886	143,437,164	143,429,610
Diluted earnings per share [Abstract]
Weighted average shares outstanding - basic (in shares)	155,712,886	143,437,164	143,429,610
Dilutive equity awards (in shares)	65,873	133,342	5,311
Dilutive shares related to convertible notes (in shares)	14,275,217	24,589,370	0
Weighted average shares outstanding - dilutive (in shares)	170,053,975	168,159,876	143,434,921

Vessels and subsidiaries (Detai

Vessels and subsidiaries (Details)	12 Months Ended
	Dec. 31, 2020Subsidiariest
Vessels and subsidiaries [Abstract]
Number of subsidiaries for management services | Subsidiaries	3
DHT Mustang [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Mustang Inc
DWT	317,975
Flag State	Hong Kong
Year Built	2018
DHT Bronco [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Bronco Inc
DWT	317,975
Flag State	Hong Kong
Year Built	2018
DHT Colt [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Colt Inc
DWT	319,713
Flag State	Hong Kong
Year Built	2018
DHT Stallion [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Stallion Inc
DWT	319,713
Flag State	Hong Kong
Year Built	2018
DHT Tiger [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Tiger Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2017
DHT Puma [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Puma Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2016
DHT Panther [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Panther Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2016
DHT Lion [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Lion Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2016
DHT Leopard [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Leopard Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2016
DHT Jaguar [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Jaguar Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2015
DHT Opal [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Opal Inc
DWT	320,105
Flag State	Hong Kong
Year Built	2012
DHT Sundarbans [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Theta Ltd
DWT	314,249
Flag State	RIF
Year Built	2012
DHT Taiga [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Iota Ltd
DWT	314,249
Flag State	Hong Kong
Year Built	2012
DHT Peony [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Peony Inc
DWT	320,013
Flag State	Hong Kong
Year Built	2011
DHT Lotus [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Lotus Inc
DWT	320,142
Flag State	Hong Kong
Year Built	2011
DHT Amazon [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Eta Ltd
DWT	314,249
Flag State	RIF
Year Built	2011
DHT Redwood [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Kappa Ltd
DWT	314,249
Flag State	Hong Kong
Year Built	2011
DHT Edelweiss [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Edelweiss Inc
DWT	301,021
Flag State	Hong Kong
Year Built	2008
DHT China [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Epsilon Ltd
DWT	317,794
Flag State	RIF
Year Built	2007
DHT Europe [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Delta Ltd
DWT	317,713
Flag State	Hong Kong
Year Built	2007
DHT Bauhinia [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Bauhinia Inc
DWT	301,019
Flag State	Hong Kong
Year Built	2007
DHT Hawk [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Hawk Inc
DWT	298,923
Flag State	Hong Kong
Year Built	2007
DHT Scandinavia [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Gamma Ltd
DWT	317,826
Flag State	Hong Kong
Year Built	2006
DHT Falcon [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Falcon Inc
DWT	298,971
Flag State	Hong Kong
Year Built	2006
DHT Lake [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Lake Inc
DWT	298,564
Flag State	Hong Kong
Year Built	2004
DHT Raven [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Raven Inc
DWT	298,563
Flag State	Hong Kong
Year Built	2004
DHT Condor [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Condor, Inc.
DWT	320,050
Flag State	Hong Kong
Year Built	2004
DHT Eagle [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Eagle, Inc.	[1]
DWT	309,064	[1]
Flag State	Hong Kong	[1]
Year Built	2002	[1]
DHT Phoenix [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Phoenix, Inc.	[2]
DWT	307,151	[2]
Flag State	Hong Kong	[2]
Year Built	1999	[2]
DHT Cathy [Member]
Vessel Subsidiaries [Abstract]
Company	Cathy Tanker Corporation	[3]
DWT	115,000	[3]
Flag State	Marshall Islands	[3]
Year Built	2004	[3]
DHT Sophie [Member]
Vessel Subsidiaries [Abstract]
Company	Sophie Tanker Corporation	[3]
DWT	115,000	[3]
Flag State	Marshall Islands	[3]
Year Built	2003	[3]
[1]	DHT Eagle was sold in November 2017 and was delivered to the buyer in December 2017.
[2]	DHT Phoenix was sold and delivered to new owners in June 2017.
[3]	DHT Sophie and DHT Cathy were sold to one buyer in October 2018. Both vessels were delivered to the buyer during fourth quarter 2018.

Vessels and subsidiaries, Vesse

Vessels and subsidiaries, Vessels and time charter contracts (Details)		3 Months Ended			12 Months Ended
		Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2020USD ($)Vessel	Dec. 31, 2019USD ($)
Reconciliation of changes in property, plant and equipment [abstract]
Net book value		$ 1,476,436,000			$ 1,476,436,000	$ 1,589,444,000
Depreciation and amortisation expense [abstract]
Estimated scrap rate used as a basis for depreciation per ton					300
Impairment [Abstract]
Non-cash impairment charge		$ 7,600,000	$ 4,900,000		$ 12,600,000
Number of vessels recorded non-cash impairment charge | Vessel					3
Percentage of estimated weighted average cost of capital		8.59%	8.12%
Percentage of decreasing the weighted average cost of capital		0.50%
Impact of a 0.5% adverse change of weighted average cost of capital on impairment charge		$ 1,500,000
Increasing/(decreasing) in future charter rates per day		500
Impact of $500 per day adverse change of future charter rates on impairment charge		1,400,000
Impact of $500 per day favorable change of future charter rates on impairment charge		(1,400,000)
Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					$ 2,106,997,000	2,071,456,000
Additions	[1]					(1,139,000)
Transferred from vessels upgrades					22,964,000	39,795,000
Disposals					(8,505,000)	(3,116,000)
Balance, end of period		2,121,456,000			2,121,456,000	2,106,997,000
Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					(517,553,000)	(405,647,000)
Charge for the period					(123,412,000)	(115,022,000)
Impairment charges					(12,560,000)
Disposals					8,505,000	3,116,000
Balance, end of period		(645,020,000)			(645,020,000)	(517,553,000)
Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					11,652,000	0
Additions					28,581,000	51,446,000
Transferred to vessels					(22,964,000)	(39,795,000)
Balance, end of period		17,269,000			17,269,000	11,652,000
Time Charter Contracts [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Net book value		452,000			452,000	1,430,000
Time Charter Contracts [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					6,600,000	6,600,000
Additions	[1]					0
Transferred from vessels upgrades					0	0
Disposals					0	0
Balance, end of period		6,600,000			6,600,000	6,600,000
Time Charter Contracts [Member] | Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					(5,170,000)	(4,193,000)
Charge for the period					(978,000)	(978,000)
Impairment charges					0
Disposals						0
Balance, end of period		(6,148,000)			(6,148,000)	(5,170,000)
Time Charter Contracts [Member] | Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					0	0
Additions					0	0
Transferred to vessels					0	0
Balance, end of period		0			0	0
VLCC [Member]
Impairment [Abstract]
Impairment rate for time charter equivalents, remaining period in current year			$ 20,107
Impairment rate for time charter equivalents, first year			21,550		19,610
Impairment rate for time charter equivalents, second year			21,194		25,279
Impairment rate for time charter equivalents, thereafter			$ 42,557		$ 42,466
Percentage of reduction in impairment rate			20.00%		20.00%
Consideration period for reduction in impairment rate					15 years
VLCC [Member] | VLCCs built 2015 and Later [Member]
Impairment [Abstract]
Lower fuel consumption for modern vessels			$ 4,000		$ 4,000
Vessels [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Net book value		1,422,279,000			$ 1,422,279,000	1,526,097,000
Depreciation and amortisation expense [abstract]
Estimated useful life of assets					20 years
Vessels [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					$ 2,014,093,000	2,007,385,000
Additions	[1]					(42,000)
Transferred from vessels upgrades					4,896,000	6,750,000
Disposals					0	0
Balance, end of period		2,018,989,000			2,018,989,000	2,014,093,000
Vessels [Member] | Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					(487,996,000)	(391,894,000)
Charge for the period					(96,153,000)	(96,102,000)
Impairment charges					(12,560,000)
Disposals						0
Balance, end of period		(596,709,000)			(596,709,000)	(487,996,000)
Vessels [Member] | Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					1,371,000	0
Additions					6,313,000	8,121,000
Transferred to vessels					(4,896,000)	(6,750,000)
Balance, end of period		2,788,000			2,788,000	1,371,000
Drydock [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Net book value		22,665,000			22,665,000	25,941,000
Drydock [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					43,820,000	44,818,000
Additions	[1]					(375,000)
Transferred from vessels upgrades					9,480,000	2,493,000
Disposals					(8,505,000)	(3,116,000)
Balance, end of period		44,795,000			44,795,000	43,820,000
Drydock [Member] | Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					(17,880,000)	(9,171,000)
Charge for the period					(12,756,000)	(11,824,000)
Impairment charges					0
Disposals					8,505,000	3,116,000
Balance, end of period		(22,130,000)			(22,130,000)	(17,880,000)
Drydock [Member] | Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					0	0
Additions					12,745,000	2,493,000
Transferred to vessels					(9,480,000)	(2,493,000)
Balance, end of period		3,265,000			3,265,000	0
Scrubbers [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Net book value		31,039,000			31,039,000	$ 35,976,000
Depreciation and amortisation expense [abstract]
Estimated useful life of assets						3 years
Impairment [Abstract]
Lower fuel consumption for modern vessels			$ 3,000		4,000
Scrubbers [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					42,482,000	$ 12,652,000
Additions	[1]					(721,000)
Transferred from vessels upgrades					8,589,000	30,552,000
Disposals					0	0
Balance, end of period		51,071,000			51,071,000	42,482,000
Scrubbers [Member] | Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					(6,507,000)	(388,000)
Charge for the period					(13,525,000)	(6,118,000)
Impairment charges					0
Disposals						0
Balance, end of period		(20,032,000)			(20,032,000)	(6,507,000)
Scrubbers [Member] | Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period					10,281,000	0
Additions					9,524,000	40,832,000
Transferred to vessels					(8,589,000)	(30,552,000)
Balance, end of period		11,216,000			11,216,000	$ 10,281,000
DHT Cathy and DHT Sophie [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Impairment charges				$ 3,500,000
DHT China [Member]
Impairment [Abstract]
Non-cash impairment charge					2,800,000
Recoverable amount		38,400,000			38,400,000
DHT Europe [Member]
Impairment [Abstract]
Non-cash impairment charge					6,300,000
Recoverable amount		38,000,000			38,000,000
DHT Scandinavia [Member]
Impairment [Abstract]
Non-cash impairment charge					3,500,000
Recoverable amount		$ 40,400,000			$ 40,400,000
[1]	Additions in 2019 relates to adjustments to capitalized expenses in 2018.

Vessels and subsidiaries, Time

Vessels and subsidiaries, Time charter contracts (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)Vessel	Dec. 31, 2019USD ($)Vessel	Dec. 31, 2018Vessel
Intangible assets [Abstract]
Carrying amount | $	$ 452	$ 1,430
Amortization period of intangible asset	6 months
Pledged assets [Abstract]
Number of vessels	27	27	27
Number of vessels pledged as collateral under the Company's secured credit facilities	22
Number of unencumbered vessels	5
DHT China Charter [Member]
Intangible assets [Abstract]
Carrying amount | $	$ 452	$ 1,430

Accounts payable and accrued _3

Accounts payable and accrued expenses (Details) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Accounts payable and accrued expenses [Abstract]
Accounts payable		$ 2,811	$ 7,913
Accrued interest		719	3,462
Accrued voyage expenses		1,593	8,865
Accrued employee compensation		4,176	2,976
Other	[1]	9,204	782
Total accounts payable and accrued expenses	[2]	$ 18,503	$ 23,998
[1]	Other includes accrued operating expenses and accrued capital expenditures in 2020 and accrued operating expenses in 2019.
[2]	Amortized cost.

Financial instruments, Categori

Financial instruments, Categories of financial instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018	Dec. 31, 2017
Financial assets [Abstract]
Cash and cash equivalents		$ 68,641	[1],[2]	$ 67,356	[1],[2]	$ 94,944	$ 77,292
Accounts receivable and accrued revenues	[1]	30,060		107,848
Total financial assets		98,700		175,204
Financial liabilities [Abstract]
Accounts payable and accrued expenses	[1]	18,503		23,998
Derivative financial liabilities, current	[3]	9,073		4,320
Current portion long term debt	[1]	3,396		100,385
Long term debt	[1]	446,562		750,586
Derivative financial liabilities, non-current	[3]	14,601		11,279
Total financial liabilities		492,135		890,569
Restricted cash		$ 229		$ 221
[1]	Amortized cost.
[2]	Cash and cash equivalents include $299 thousand in restricted cash in 2020 and $221 thousand in 2019, including employee withholding tax.
[3]	Fair value through profit or loss.

Financial instruments, Derivati

Financial instruments, Derivatives interest rate swaps (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Derivatives - interest rate swaps [Abstract]
Notional amount	$ 357,141	$ 379,916
Fair value	$ 23,673	15,600
Swap Pays 2.987% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.987%
Expiries	Apr. 20, 2023
Notional amount	$ 42,000	44,400
Fair value	$ 2,541	1,748
Swap Pays 3.012%, [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.012%
Expiries	Apr. 20, 2023
Notional amount	$ 42,000	44,400
Fair value	$ 2,564	1,780
Swap Pays 3.019% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.019%
Expiries	Sep. 29, 2023
Notional amount	$ 30,743	33,310
Fair value	$ 2,131	1,425
Swap Pays 3.019% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.019%
Expiries	Sep. 29, 2023
Notional amount	$ 29,829	32,396
Fair value	$ 2,060	1,380
Swap Pays 2.8665% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.8665%
Expiries	Sep. 29, 2023
Notional amount	$ 46,260	48,830
Fair value	$ 3,147	1,976
Swap Pays 2.8785% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.8785%
Expiries	Jun. 30, 2023
Notional amount	$ 40,673	43,240
Fair value	$ 2,513	1,681
Swap Pays 2.885% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.885%
Expiries	Sep. 29, 2023
Notional amount	$ 45,618	48,188
Fair value	$ 3,139	1,961
Swap Pays 2.897% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.897%
Expiries	Sep. 30, 2023
Notional amount	$ 40,851	43,419
Fair value	$ 2,792	1,789
Swap Pays 3.020% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.02%
Expiries	Sep. 29, 2023
Notional amount	$ 39,167	41,734
Fair value	$ 2,786	$ 1,859

Financial instruments, Interest

Financial instruments, Interest bearing debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Apr. 30, 2020	Dec. 31, 2019	Aug. 31, 2018	Jun. 30, 2018	Jun. 30, 2017	Apr. 30, 2017	Nov. 30, 2014
Interest-bearing debt [Abstract]
Remaining notional	$ 454,677
Carrying amount	449,959		$ 850,972
Credit Agricole Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	37,839
Carrying amount	$ 37,626		55,719
Credit Agricole Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.19%
Danish Ship Finance Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 36,400
Carrying amount	$ 36,015	$ 36,400	38,929					$ 49,400
Danish Ship Finance Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.00%							2.00%
Nordea Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 110,933
Carrying amount	109,423		207,175		$ 96,000	$ 204,000	$ 300,000
Undrawn borrowing facilities	$ 70,300
Nordea Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.40%				2.40%
ABN Amro Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 269,505
Carrying amount	266,895		432,581
Undrawn borrowing facilities	$ 100,000
ABN Amro Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.40%
ABN AMRO Revolving Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 0
Carrying amount	$ 0		0
ABN AMRO Revolving Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.50%
Convertible Senior Notes due 2021 [Member]
Interest-bearing debt [Abstract]
Interest rate spread				4.50%
Interest rate	4.50%
Remaining notional	$ 0
Carrying amount	$ 0		$ 116,568

Financial instruments, Reconcil

Financial instruments, Reconciliation of liabilities arising from financing activities (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019		Dec. 31, 2018
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[1]	$ 853,817	$ 968,759	[2]
Financing cash flows	[1],[3]	(287,199)	(98,243)
Non-cash changes [Abstract]
Amortization	[1]	5,538	8,003
Equity component of convertible notes	[1]	(119,818)	(26,434)
Other changes	[1],[4]	1,681	1,732
Ending balance	[1]	454,019	853,817
IFRS 16 Leases [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[1],[2]	853,817
Non-cash changes [Abstract]
Ending balance	[1],[2]		853,817
Initial recognition of a lease liability					$ 1,484
Bank Loans [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[2]	734,404	823,299
Financing cash flows	[3]	(286,733)	(91,440)
Non-cash changes [Abstract]
Amortization		2,288	2,545
Ending balance		449,959	734,404	[2]
Convertible Senior Notes due 2019 [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance		0	32,009	[2]
Financing cash flows	[3]		(6,426)
Non-cash changes [Abstract]
Amortization			851
Equity component of convertible notes			(26,434)
Ending balance			0
Convertible Senior Notes due 2021 [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[2]	116,568	111,968
Financing cash flows	[3]		(7)
Non-cash changes [Abstract]
Amortization		3,250	4,607
Equity component of convertible notes		(119,818)
Ending balance		0	116,568	[2]
Office Leases [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[2]	2,846
Financing cash flows	[3]	(467)	(370)
Non-cash changes [Abstract]
Other changes	[4]	1,681	1,732
Ending balance		$ 4,060	2,846	[2]
Office Leases [Member] | IFRS 16 Leases [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[2]		$ 1,484
[1]	The reconciliation does not include interest rate swaps, which are described in note 8.
[2]	The opening balance as at January 1, 2019 includes the initial recognition of the lease liability of $1.5 million resulting from the adoption of the IFRS 16 Leases standard.
[3]	The cash flows from bank loans make up the net amount of issuance of long term debt and repayment of long term debt in the statement of cash flows.
[4]	Other changes for 2020 and 2019 represents new, modified office leases and foreign exchange effects during the year related to IFRS 16 Leases.

Financial risk management, ob_3

Financial risk management, objectives and policies, Market risk (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)Swap	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Market risk [Abstract]
Number of interest rate swaps | Swap	9
Interest rate swaps total aggregate notional amount	$ 357,141	$ 379,916
Increase (decrease) in profit (loss) due to change in interest rates by fifty basis points	$ (488)	$ (1,805)	$ (2,152)

Financial risk management, ob_4

Financial risk management, objectives and policies, Credit risk (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2020USD ($)VesselCounterpartyInstitutionCustomer	Dec. 31, 2019USD ($)VesselCounterparty	Dec. 31, 2018VesselCounterparty
Credit risk [Abstract]
Number of vessels chartered with counterparties | Vessel		18	5	5
Number of vessels | Vessel		27	27	27
Number of counterparties | Counterparty		10	4	4
Number of vessels operated in spot market | Vessel		9	22	22
Number of financial institutions for holding cash | Institution		6
Number of major customers | Customer		5
Current trade receivables	[1]	$ 30,060	$ 107,848
Disclosure of maximum credit exposure [Abstract]
Cash and cash equivalents		68,641	67,356
Accounts receivable and accrued revenues		30,060	107,848
Maximum credit exposure		98,700	$ 175,204
Customer One [Member]
Credit risk [Abstract]
Current trade receivables		9,380
Customer Two [Member]
Credit risk [Abstract]
Current trade receivables		6,836
Customer Three [Member]
Credit risk [Abstract]
Current trade receivables		5,962
Customer Four [Member]
Credit risk [Abstract]
Current trade receivables		2,730
Customer Five [Member]
Credit risk [Abstract]
Current trade receivables		$ 2,454
[1]	Amortized cost.

Financial risk management, ob_5

Financial risk management, objectives and policies, Liquidity risk (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	$ 494,552	$ 996,301
Interest rate swaps	20,956	11,629
Total	515,507	1,007,929
1 Year [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	19,110	140,707
Interest rate swaps	8,541	3,523
Total	27,651	144,230
2 to 5 Years [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	475,441	855,593
Interest rate swaps	12,415	8,105
Total	487,857	863,699
More than 5 Years [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	0	0
Interest rate swaps	0	0
Total	$ 0	$ 0

Financial risk management, ob_6

Financial risk management, objectives and policies, Credit Agricole Credit Facility (Details) $ in Thousands	Jun. 22, 2015USD ($)VLCC	Jun. 30, 2016USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)Intallment	Dec. 31, 2019USD ($)	Jan. 16, 2017USD ($)
Credit Facility [Abstract]
Borrowing amount				$ 449,959	$ 850,972
Credit Agricole Credit Facility [Member]
Credit Facility [Abstract]
Number of VLCCs whose acquisition is to be funded through credit facility | VLCC	1
Borrowing amount				37,626	$ 55,719
Credit facility covenant, required adjusted tangible net worth				$ 200,000
Credit Agricole Credit Facility [Member] | Top of Range [Member]
Credit Facility [Abstract]
Financing commitment	$ 50,000
Credit Agricole Credit Facility [Member] | Bottom of Range [Member]
Credit Facility [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings				135.00%
Credit facility covenant, required percentage of adjusted tangible net worth to total assets				25.00%
Credit facility covenant, required unencumbered consolidated cash				$ 20,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt				6.00%
Credit Agricole Credit Facility [Member] | LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis				2.19%
Credit Agricole Credit Facility [Member] | December 2023 [Member]
Credit Facility [Abstract]
Debt repayment final amount				$ 29,700
Credit Agricole Credit Facility [Member] | Tranche B [Member]
Credit Facility [Abstract]
Borrowing amount						$ 48,700
Number of installments for repaying debt | Intallment				28
Debt repayment installment amount				$ 700
Frequency of periodic repayment				Quarterly
Credit Agricole Credit Facility [Member] | Tranche B [Member] | LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis						2.1875%
Credit Agricole Credit Facility [Member] | Tranche B [Member] | June 2016 [Member]
Credit Facility [Abstract]
Debt prepayment before installment term		$ 5,000
Credit Agricole Credit Facility [Member] | Tranche B [Member] | March 2017 to December 2023 [Member]
Credit Facility [Abstract]
Debt prepayment before installment term			$ 12,700

Financial risk management, ob_7

Financial risk management, objectives and policies, Danish Ship Finance Credit Facility (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2014USD ($)Carrier	Dec. 31, 2020USD ($)Intallment	Apr. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Credit Facility [Abstract]
Borrowing amount		$ 449,959		$ 850,972
Danish Ship Finance Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount	$ 49,400	$ 36,015	$ 36,400	$ 38,929
Number of VLCCs whose acquisition is to be funded through credit facility | Carrier	1
Term		5 years
Maturity date		November 2025
Number of installments for repaying debt | Intallment		10
Frequency of periodic repayment		Semi annually
Debt repayment installment amount		$ 1,200
Debt repayment final amount		24,300
Credit facility covenant, required adjusted tangible net worth		$ 300,000
Danish Ship Finance Credit Facility [Member] | Bottom of Range [Member]
Credit Facility [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings		135.00%
Credit facility covenant, required percentage of adjusted tangible net worth to total assets		25.00%
Credit facility covenant, required unencumbered consolidated cash		$ 30,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt		6.00%
Danish Ship Finance Credit Facility [Member] | LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis	2.00%	2.00%

Financial risk management, ob_8

Financial risk management, objectives and policies, ABN AMRO Revolving Credit Facility (Details) - ABN AMRO Revolving Credit Facility [Member] - USD ($) $ in Millions	Jul. 31, 2018	Jun. 30, 2019	Dec. 31, 2020	Apr. 30, 2018	Nov. 30, 2016
Credit Facility [Abstract]
Term			5 years
Maximum borrowing capacity				$ 57.3	$ 50
Frequency of periodic repayment			Quarterly
Reduction amount in credit facility	$ 1.8	$ 1.3

Financial risk management, ob_9

Financial risk management, objectives and policies, Nordea Credit Facility (Details) $ in Thousands

Nov. 30, 2020USD ($)

Aug. 31, 2020USD ($)

May 31, 2020USD ($)

Mar. 31, 2019USD ($)

Jun. 30, 2017USD ($)Carrier

Apr. 30, 2017USD ($)Building

Dec. 31, 2020USD ($)

Dec. 31, 2019USD ($)

Nov. 30, 2019USD ($)

Sep. 30, 2018USD ($)

Aug. 31, 2018

Jun. 30, 2018USD ($)

Credit Facility [Abstract]

Borrowing amount

$ 449,959

$ 850,972

Nordea Credit Facility [Member]

Credit Facility [Abstract]

Term

6 years

Borrowing amount

$ 204,000

$ 300,000

$ 109,423

$ 207,175

$ 96,000

Number of VLCCs Delivered | Carrier

9

Credit facility covenant, required adjusted tangible net worth

$ 300,000

Frequency of periodic repayment

Quarterly

Debt repayment installment amount

$ 4,200

Debt prepayment before installment term

$ 25,800

$ 37,000

$ 25,800

$ 35,000

Nordea Credit Facility [Member] | Bottom of Range [Member]

Credit Facility [Abstract]

Credit facility covenant, required percentage of charter-free market value of vessels to borrowings

135.00%

Credit facility covenant, required percentage of adjusted tangible net worth to total assets

25.00%

Credit facility covenant, required unencumbered consolidated cash

$ 30,000

Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt

6.00%

Nordea Credit Facility [Member] | Second Quarter of 2023 [Member]

Credit Facility [Abstract]

Debt repayment final amount

$ 82,300

Nordea Credit Facility [Member] | LIBOR [Member]

Credit Facility [Abstract]

Adjustment to interest rate basis

2.40%

2.40%

Nordea Credit Facility [Member] | Scrubbers [Member]

Credit Facility [Abstract]

Frequency of periodic repayment

Quarterly

Debt repayment installment amount

$ 2,250

Secured commitment related to financing

$ 45,000

$ 50,000

Nordea Credit Facility [Member] | Scrubbers [Member] | Second Quarter of 2023 [Member]

Credit Facility [Abstract]

Debt repayment final amount

$ 18,000

Nordea Credit Facility [Member] | Scrubbers [Member] | LIBOR [Member]

Credit Facility [Abstract]

Adjustment to interest rate basis

2.40%

Nordea Credit Facility [Member] | New Buildings [member]

Credit Facility [Abstract]

Number of newbuilding contracts | Building

2

Financial risk management, o_10

Financial risk management, objectives and policies, ABN AMRO Credit Facility (Details) $ in Thousands	1 Months Ended				12 Months Ended
	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Apr. 30, 2018USD ($)CarrierBorrowerNewbuilding	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Credit Facility [Abstract]
Borrowings					$ 449,959	$ 850,972
ABN AMRO Credit Facility [Member]
Credit Facility [Abstract]
Borrowings				$ 484,000
Number of borrowers | Borrower				2
Number of VLCCs financed | Carrier				11
Number of newbuildings financed | Newbuilding				2
Debt prepayment before installment term	$ 42,200	$ 33,400	$ 57,800
Frequency of periodic repayment					Quarterly
Debt repayment installment amount				$ 8,300
Debt repayment final amount					$ 186,100
Credit facility covenant, required adjusted tangible net worth					$ 300,000
ABN AMRO Credit Facility [Member] | LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis				2.40%
ABN AMRO Credit Facility [Member] | Bottom of Range [Member]
Credit Facility [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings					135.00%
Credit facility covenant, required percentage of adjusted tangible net worth to total assets					25.00%
Credit facility covenant, required unencumbered consolidated cash					$ 30,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt					6.00%

Financial risk management, o_11

Financial risk management, objectives and policies, Convertible Senior Notes due 2019 and 2021 (Details) - USD ($)	Aug. 21, 2020	Dec. 31, 2019	Oct. 31, 2019	Aug. 31, 2018	Sep. 30, 2014	Dec. 31, 2020
Convertible Senior Notes due 2019 [Member]
Credit Facility [Abstract]
Aggregate principal amount of convertible senior notes issued				$ 73,000,000
Convertible Senior Notes due 2019 [Member] | Private Placement [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis				4.50%
Convertible Senior Notes due 2019 [Member] | Samco Ltd [Member]
Credit Facility [Abstract]
Frequency of periodic repayment						Semi annually
Adjustment to interest rate basis					4.50%
Initial conversion price of common stock (in dollars per share)					$ 8.125
Initial conversion rate of common stock (in shares)					123.0769
Aggregate principal amount of convertible senior notes, subjected to anti-dilution					$ 1,000
Amount converted into shares			$ 26,434,000
Conversion price (in dollars per share)			$ 6.0216
Number of shares issued at conversion (in shares)			4,389,858
Amount of aggregate principal repaid in cash			$ 6,426,000
Convertible Senior Notes due 2019 [Member] | Samco Ltd [Member] | Private Placement [Member]
Credit Facility [Abstract]
Aggregate principal amount of convertible senior notes issued					150,000,000
Net proceeds from after conversion					$ 145,500,000
Convertible Senior Notes due 2021 [Member]
Credit Facility [Abstract]
Aggregate principal amount of convertible senior notes issued				$ 80,300,000
Adjustment to interest rate basis				4.50%
Initial conversion price of common stock (in dollars per share)	$ 5.3470
Initial conversion rate of common stock (in shares)	187.0208	167
Aggregate principal amount of convertible senior notes, subjected to anti-dilution	$ 1,000	$ 1,000
Aggregate number of shares of common stock to be issued at conversion (in shares)	23,377,397
Percentage of principal amount plus accrued and unpaid interest to be redeemed						100.00%
Convertible Senior Notes due 2021 [Member] | Private Placement [Member]
Credit Facility [Abstract]
Aggregate principal amount of convertible senior notes issued		$ 124,999,000		$ 125,000,000
Net proceeds from after conversion				$ 38,900,000
Frequency of periodic repayment						Semi annually
Adjustment to interest rate basis				4.50%
Initial conversion price of common stock (in dollars per share)				$ 6.2599
Initial conversion rate of common stock (in shares)				159.7470
Principal amount of convertible senior notes issued amount				$ 44,700,000
Aggregate principal amount of convertible senior notes, subjected to anti-dilution				1,000
Net proceeds from conversion of senior notes				$ 41,600,000

Stockholders' equity and divi_3

Stockholders' equity and dividend payment, Stockholders' equity (Details)	12 Months Ended
	Dec. 31, 2020Vote$ / sharesshares	Dec. 31, 2019shares
Common Stock [Abstract]
Number of vote per common stock | Vote	1
Common Stock [Member]
Stockholders' Equity [Abstract]
Issued, Beginning balance (in shares)	146,819,401	142,700,046
Restricted stock issued (in shares)	601,530	790,571
Conversion of convertible bonds (in shares)	23,377,397	4,390,025
Retirement of treasury shares (in shares)		(1,061,241)
Issued, Ending balance (in shares)	170,798,328	146,819,401
Par value (in dollars per share) | $ / shares	$ 0.01
Number of shares authorized for issue (in shares)	250,000,000
Preference Shares [Member]
Stockholders' Equity [Abstract]
Par value (in dollars per share) | $ / shares	$ 0.01

Stockholders' equity and divi_4

Stockholders' equity and dividend payment, Dividend payment (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 25, 2021	Nov. 25, 2020	Sep. 02, 2020	May 26, 2020	Feb. 25, 2020	Nov. 14, 2019	Aug. 29, 2019	May 28, 2019	Feb. 26, 2019	Nov. 23, 2018	Aug. 31, 2018	May 30, 2018	Feb. 28, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Dividend Payment [Abstract]
Total payment		$ 34,200	$ 82,000	$ 51,500	$ 47,000	$ 7,300	$ 2,800	$ 11,400	$ 7,100	$ 2,900	$ 2,900	$ 2,900	$ 2,900	$ 214,669	$ 28,685	$ 11,487
Per common share (in dollars per share)		$ 0.20	$ 0.48	$ 0.35	$ 0.32	$ 0.05	$ 0.02	$ 0.08	$ 0.05	$ 0.02	$ 0.02	$ 0.02	$ 0.02	$ 1.35	$ 0.20	$ 0.08
Subsequent Events [Member]
Dividend Payment [Abstract]
Per common share (in dollars per share)	$ 0.05
Dividends payable date	Feb. 25, 2021
Dividend paid, record date	Feb. 18, 2021
Dividend paid	$ 8,600

General & Administrative Expe_3

General & Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
General & Administrative Expenses [Abstract]
Total Compensation to Employees and Directors	$ 14,163	$ 10,331	$ 11,289
Office and Administrative Expenses	2,413	2,633	2,449
Audit, Legal and Consultancy	1,313	1,826	1,314
Total General and Administrative Expenses	$ 17,890	$ 14,789	$ 15,052

General & Administrative Expe_4

General & Administrative Expenses, Stock compensation series (Details)	12 Months Ended
	Dec. 31, 2020shares$ / shares
October 2005 [Member] | Stock Options [Member]
Stock Compensation Series [Abstract]
Number of stock options (in shares) | shares	965
Vesting period	10 years
Fair value at grant date of stock options (in dollars per share) | $ / shares	$ 144
March 2012 [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	14,515
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 13.80
June 2013 One [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	155,000
Vesting period	4 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 4.15
June 2013 Two [Member] | Stock Options [Member]
Stock Compensation Series [Abstract]
Number of stock options (in shares) | shares	155,000
Vesting period	5 years
Fair value at grant date of stock options (in dollars per share) | $ / shares	$ 1.31
June 2013 Three [Member] | Stock Options [Member]
Stock Compensation Series [Abstract]
Number of stock options (in shares) | shares	155,000
Vesting period	5 years
Fair value at grant date of stock options (in dollars per share) | $ / shares	$ 0.97
February 2014 One [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	29,333
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 6.92
February 2014 Two [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	29,333
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 6.33
February 2014 Three [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	29,333
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 5.63
February 2014 Four [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	88,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 7.61
June 2014 One [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	95,666
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 6.41
June 2014 Two [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	95,666
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 5.74
June 2014 Three [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	95,666
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 5.13
June 2014 Four [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	287,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 7.15
January 2015 [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	850,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 8.81
January 2016 [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	824,000
Vesting period	2 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 6.65
January 2017 [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	900,000
Vesting period	2 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 4.61
January 2018 One [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	355,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 3.92
January 2018 Two [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	212,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 2.30
January 2019 One [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	360,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 4.25
January 2019 Two [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	200,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 3.04
March 2019 [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	210,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 4.60
January 2020 One [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	460,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 8.22
January 2020 Two [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	150,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 8.22
January 2020 Three [Member] | Restricted Shares [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	200,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 3.5637

General & Administrative Expe_5

General & Administrative Expenses, Outstanding restricted common stock and share options (Details)		12 Months Ended
		Dec. 31, 2020shares$ / shares	Dec. 31, 2019shares$ / shares	Dec. 31, 2018shares$ / shares
Restricted common stock [Abstract]
Outstanding beginning of period (in shares)		560,000	545,500	1,086,331
Granted (in shares)		810,000	770,000	567,000
Exercised (in shares)	[1]	550,002	755,500	1,085,331
Forfeited (in shares)		0	0	22,500
Outstanding end of period (in shares)		819,998	560,000	545,500
Share options
Outstanding beginning of period (in shares)		0	0	310,000
Forfeited (in shares)				310,000
Outstanding end of period (in shares)		0	0	0
Weighted average exercise price
Outstanding beginning of period (in dollars per share) | $ / shares	[2]	$ 0	$ 0	$ 9.64
Forfeited (in dollars per share) | $ / shares	[2]			9.64
Outstanding end of period (in dollars per share) | $ / shares	[2]	$ 0	$ 0	$ 0
[1]	Does not include shares in lieu of dividends
[2]	To be adjusted for dividends declared and paid subsequent to the respective grant dates.

General & Administrative Expe_6

General & Administrative Expenses, Stock compensation expense (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)shares$ / shares	Dec. 31, 2019USD ($)shares$ / shares	Dec. 31, 2018USD ($)shares$ / shares
General & Administrative Expenses [Abstract]
Expense recognized from stock compensation | $	$ 4,792	$ 2,532	$ 2,458
Stock compensation expense [Abstract]
Contractual life for outstanding stock compensation series	9 months
Vesting value $4.25 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares	$ 4.25
Number of shares vested (in shares) | shares	125,649
Vesting value $3.56 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares	$ 3.56
Number of shares vested (in shares) | shares	207,786
Vesting value $8.22 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares	$ 8.22
Number of shares vested (in shares) | shares	32,445
Vesting value $4.61 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares		$ 4.61
Number of shares vested (in shares) | shares		281,094
Vesting value $3.92 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares		$ 3.92
Number of shares vested (in shares) | shares		80,101
Vesting value $2.30 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares		$ 2.30
Number of shares vested (in shares) | shares		212,823
Vesting value $3.04 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares		$ 3.04
Number of shares vested (in shares) | shares		206,118
Vesting value $4.60 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares	$ 4.60	$ 4.60
Number of shares vested (in shares) | shares	235,650	10,435
Vesting value $3.38 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares			$ 3.38
Number of shares vested (in shares) | shares			891,136
Vesting value $3.50 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares			$ 3.50
Number of shares vested (in shares) | shares			264,000
Vesting value $4.30 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares			$ 4.30
Number of shares vested (in shares) | shares			20,000

General & Administrative Expe_7

General & Administrative Expenses, Valuation of stock compensation (Details)		1 Months Ended							12 Months Ended
		Jun. 30, 2021shares	Jun. 30, 2020shares	May 31, 2020shares$ / shares	Jan. 31, 2020shares	May 31, 2019shares$ / shares	Mar. 31, 2019shares	Jan. 31, 2019shares	Dec. 31, 2020shares	Dec. 31, 2019shares	Dec. 31, 2018shares
Valuation of Stock Compensation [Abstract]
Number of restricted stock, vested (in shares)	[1]								550,002	755,500	1,085,331
January 2020 [Member] | Management [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)					660,000
Number of restricted stock vesting in one year (in shares)					253,334
Number of restricted stock vesting in two years (in shares)					53,333
Number of restricted stock vesting in three years (in shares)					153,333
Number of restricted stock, vested subject to certain market conditions (in shares)				200,000
Number of shares vested, fair value (in dollars per share) | $ / shares				$ 3.5637
January 2020 [Member] | Broad of Directors [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)					150,000
Number of restricted stock, vested (in shares)			30,000
January 2020 [Member] | Broad of Directors [Member] | Forecast [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock, vested (in shares)		120,000
January 2019 [Member] | Management [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)								560,000
Number of restricted stock vesting in one year (in shares)								120,000
Number of restricted stock vesting in two years (in shares)								120,000
Number of restricted stock vesting in three years (in shares)								120,000
Number of restricted stock, vested subject to certain market conditions (in shares)						200,000
Number of shares vested, fair value (in dollars per share) | $ / shares						$ 3.04
March 2019 [Member] | Broad of Directors [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)							210,000
[1]	Does not include shares in lieu of dividends

General & Administrative Expe_8

General & Administrative Expenses, Compensation of executives and directors (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
General & Administrative Expenses [Abstract]
Cash compensation		$ 3,897	$ 3,518	$ 3,989
Pension cost		33	36	202
Share compensation	[1]	4,364	2,003	2,250
Total remuneration		$ 8,293	$ 5,556	$ 6,441
[1]	Share compensation reflects the expense recognized.

General & Administrative Expe_9

General & Administrative Expenses- Shares held by executives and directors (Details) - shares		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
General & Administrative Expenses [Abstract]
Number of shares held by Executives and Directors as a group (in shares)	[1]	2,303,011	3,615,221	3,155,503
Number of restricted stock subject to vesting conditions (in shares)		619,998	440,000	465,000
Base salary entitled to executive officer for termination of employment		18 months
[1]	Includes 619,998 (2019: 440,000, 2018: 465,000) shares of restricted stock subject to vesting conditions.

Related parties (Details)

Related parties (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)Vessel	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Related parties transactions [Abstract]
Ownership interest percentage	50.00%	50.00%
Goodwood [Member]
Related parties transactions [Abstract]
Ownership interest percentage	50.00%
Number of vessels technically managed by related party | Vessel	24
Technical management fees paid | $	$ 3,310	$ 3,300	$ 3,305

Pensions (Details)

Pensions (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2020USD ($)Participant	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Pensions [Abstract]
Number of participants in benefit plan | Participant		12
Defined Benefit Pension Plan [Abstract]
Minimum age to entitled 70% of base salary at retirement date		67 years
Percentage of base salary entitled at retirement date		70.00%
Calculation of Annual Pension Costs [Abstract]
Current service cost		$ 293	$ 406	$ 403
Financial costs		9	14	10
Pension costs for the year		302	420	413
Pension liability recorded in balance sheet [Abstract]
Present value of the defined benefit obligation		1,793	2,494	1,971
Fair value of plan assets		(1,362)	(1,788)	(1,614)
Net pension obligation		431	707	357
Remeasurement loss/(gain)		181	(287)	182
Net balance sheet recorded pension liability		612	420	539
Change in Gross Pension Obligation [Abstract]
Gross obligation January 1		1,439	2,090	1,708
Current service cost		289	401	398
Interest charge on pension liabilities		31	54	42
Past service cost - curtailment/plan amendment		0	0	0
Settlement (gain)		0	0	0
Social security expenses		(37)	(31)	(57)
Remeasurements loss/(gain)		73	(1,055)	119
Exchange rate differences		71	(21)	(119)
Gross pension obligation December 31		1,866	1,439	2,090
Change in Gross Pension Assets [Abstract]
Fair value plan asset January 1		1,019	1,551	1,282
Interest income		18	36	27
Settlement		0	0	0
Employer contribution		266	216	404
Remeasurements (loss)/gain		(108)	(768)	(63)
Exchange rate differences		58	(16)	(99)
Fair value plan assets December 31		1,254	$ 1,019	$ 1,551
Estimated contribution to pension plan in 2021		$ 234
Assumptions [Abstract]
Discount rate		1.70%	2.30%	2.60%
Yield on pension assets		1.70%	2.30%	2.60%
Wage growth		2.25%	2.25%	2.75%
G regulation	[1]	2.00%	2.00%	2.50%
Pension adjustment		0.00%	0.50%	0.80%
Average remaining service period		19 years	19 years	18 years
[1]	Increase of social security base amount ("G") as per Norwegian regulations.

Tax (Details)

Tax (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Specification of income tax [Abstract]
Income tax payable		$ 587	$ 111	$ 74
Tax expenses related to previous year		309	32	1
Change in deferred tax		5	(12)	8
Total income tax expense		900	131	83
Specification of Temporary Differences and Deferred Tax [Abstract]
Property, plant and equipment		2	(13)	(164)
Pensions		(612)	(420)	(539)
Total basis for deferred tax		(610)	(432)	(703)
Deferred tax liability (asset), net	[1],[2]	(140)	(102)	(155)
Deferred tax (asset), gross	[3]	(161)	(126)	(155)
Deferred tax liability, gross	[3]	21	24	0
Reconciliation of Effective Tax Rate [Abstract]
Profit/(loss) before income tax		267,181	73,812	(46,845)
Expected income tax assessed at the tax rate for the Parent company (0%)		0	0	0
Adjusted for tax effect of the following items [Abstract]
Income in subsidiary, subject to income tax		900	131	83
Total income tax expense		$ 900	$ 131	$ 83
Expected income tax rate		0.00%	0.00%	0.00%
Changes in Tax Rates [Member]
Specification of Temporary Differences and Deferred Tax [Abstract]
General income tax rate			22.00%	23.00%	24.00%	25.00%
[1]	Due to materiality, not recognized on a separate line in the statements of financial position.
[2]	The general income tax rate is reduced from 23% to 22%, effective from fiscal year 2019, reduced from 24% to 23%, effective from fiscal year 2018 and reduced from 25% to 24%, effective from fiscal year 2017.
[3]	Deferred tax liability is related to the subsidiary in Singapore and can not be off-set with the deferred tax asset related to the subsidiary in Norway.

Investment in associate compa_3

Investment in associate company (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investment in associate company [Abstract]
Investment in associate company	$ 5,233	$ 4,772
Details of Associates [Abstract]
Name of associate	Goodwood Ship Management Pte. Ltd.
Principal activities	Ship management
Place of incorporation and business	Singapore
Effective equity interest	50.00%	50.00%
Share of Profit of the Associate Using in Equity Method [Abstract]
Profit after taxation	$ 1,193	$ 852	$ 858
Other comprehensive income for the year, net of tax	104	44
Total comprehensive income for the year	$ 1,297	$ 896

Condensed Financial Informati_3

Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]
Percentage of restricted net assets of consolidated subsidiaries exceeds of consolidated net assets	25.00%	25.00%	25.00%

Condensed Financial Informati_4

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Financial Position (Details) - USD ($) $ in Thousands		Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018	Dec. 31, 2017
Current assets [Abstract]
Cash and cash equivalents		$ 68,641	[1],[2]	$ 67,356	[1],[2]	$ 94,944	$ 77,292
Total current assets		118,279		218,286
Investment in associate company		5,233		4,772
Total non-current assets		1,503,710		1,608,932
Total assets		1,621,989		1,827,218
Current liabilities [Abstract]
Accounts payable and accrued expenses	[1]	18,503		23,998
Total current liabilities		47,929		130,239
Non-current liabilities [Abstract]
Long-term debt	[1]	446,562		750,586
Total non-current liabilities		465,120		764,530
Total liabilities		513,049		894,768
Stockholders' equity [Abstract]
Stock		1,708		1,468
Paid-in additional capital		1,291,505		1,169,537
Accumulated deficit		(188,709)		(240,165)
Total equity		1,108,940		932,449		861,668	925,892
Total liabilities and equity		1,621,989		1,827,218
Parent Company [Member]
Current assets [Abstract]
Cash and cash equivalents		5,310		22,492		$ 17,783	$ 11,540
Accounts receivable and prepaid expenses		1,679		874
Amounts due from related parties		84,725		62,822
Total current assets		91,713		86,188
Investments in subsidiaries		434,172		468,817
Loan to subsidiaries		324,420		526,574
Investment in associate company		201		201
Total non-current assets		758,793		995,593
Total assets		850,506		1,081,780
Current liabilities [Abstract]
Accounts payable and accrued expenses		170		2,416
Total current liabilities		170		2,416
Non-current liabilities [Abstract]
Long-term debt		0		116,568
Total non-current liabilities		0		116,568
Total liabilities		170		118,984
Stockholders' equity [Abstract]
Stock		1,708		1,468
Paid-in additional capital		1,245,449		1,121,047
Accumulated deficit		(396,820)		(159,719)
Total equity		850,336		962,796
Total liabilities and equity		$ 850,506		$ 1,081,780
[1]	Amortized cost.
[2]	Cash and cash equivalents include $299 thousand in restricted cash in 2020 and $221 thousand in 2019, including employee withholding tax.

Condensed Financial Informati_5

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
INCOME STATEMENT [abstract]
Impairment charge	$ (12,560)	$ 0	$ (3,500)
General and administrative expense	(17,890)	(14,789)	(15,052)
Operating income	313,591	138,867	16,297
Interest income	212	1,077	345
Interest expense	(38,408)	(55,332)	(54,211)
Other financial income/(expenses)	(1,334)	(1,790)	(4,943)
Profit/(loss) for the year	266,281	73,680	(46,927)
Parent Company [Member]
INCOME STATEMENT [abstract]
Impairment charge	(35,278)	455	(93,452)
Dividend income	17,081	25,519	9,909
General and administrative expense	(19,148)	(14,782)	(13,735)
Operating income	(37,345)	11,192	(97,279)
Interest income	21,434	27,943	24,893
Interest expense	(6,766)	(12,177)	(10,341)
Other financial income/(expenses)	245	17	(3,416)
Profit/(loss) for the year	$ (22,433)	$ 26,975	$ (86,143)

Condensed Financial Informati_6

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Statement of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	$ 266,281	$ 73,680	$ (46,927)
Total comprehensive income/(loss) for the period net of tax	266,235	73,946	(47,128)
Attributable to the owners of parent	266,221	73,944	(47,128)
Parent Company [Member]
Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	(22,433)	26,975	(86,143)
Total comprehensive income/(loss) for the period net of tax	(22,433)	26,975	(86,143)
Attributable to the owners of parent	$ (22,433)	$ 26,975	$ (86,143)

Condensed Financial Informati_7

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Cash Flows from Operating Activities [Abstract]
Profit/(loss) for the year	$ 266,281		$ 73,680		$ (46,927)
Items included in net income not affecting cash flows [Abstract]
Amortization					1,515
Impairment charge	12,560		0		3,500
Compensation related to options and restricted stock	5,106		2,331		2,599
Changes in operating assets and liabilities [Abstract]
Accounts payable and accrued expenses	(6,914)		(1,033)		8,234
Net cash provided by/(used in) operating activities	529,870		155,956		53,985
Cash flows from Investing Activities [Abstract]
Net cash provided by/(used in) investing activities	(26,717)		(53,369)		(188,165)
Cash flows from Financing Activities [Abstract]
Cash dividends paid	(214,669)		(28,685)		(11,487)
Purchase of treasury shares	0		(3,248)		(5,026)
Issuance of convertible bonds	0		(7)		38,945
Repayment of convertible bonds	0		(6,426)		0
Net cash (used in)/provided by financing activities	(501,868)		(130,176)		151,832
Net increase/(decrease) in cash and cash equivalents	1,285		(27,588)		17,652
Cash and cash equivalents at beginning of period	67,356	[1],[2]	94,944		77,292
Cash and cash equivalents at end of period	68,641	[1],[2]	67,356	[1],[2]	94,944
Parent Company [Member]
Cash Flows from Operating Activities [Abstract]
Profit/(loss) for the year	(22,433)		26,975		(86,143)
Items included in net income not affecting cash flows [Abstract]
Amortization	3,250		5,459		4,733
Impairment charge	35,278		(455)		93,452
Compensation related to options and restricted stock	4,204		693		663
(Gain)/loss purchase convertible bond	0		0		3,589
Changes in operating assets and liabilities [Abstract]
Accounts receivable and prepaid expenses	(805)		(500)		(125)
Accounts payable and accrued expenses	(2,246)		(1,317)		2,279
Amounts due to related parties	(43,313)		(63,280)		(72,365)
Net cash provided by/(used in) operating activities	(26,063)		(32,425)		(53,917)
Cash flows from Investing Activities [Abstract]
Loan to subsidiaries	223,550		75,500		58,990
Investment in vessels under construction	0		0		(21,263)
Net cash provided by/(used in) investing activities	223,550		75,500		37,727
Cash flows from Financing Activities [Abstract]
Cash dividends paid	(214,669)		(28,685)		(11,487)
Purchase of treasury shares	0		(3,248)		(5,026)
Issuance of convertible bonds	0		(7)		38,945
Repayment of convertible bonds	0		(6,426)		0
Net cash (used in)/provided by financing activities	(214,669)		(38,366)		22,432
Net increase/(decrease) in cash and cash equivalents	(17,182)		4,709		6,242
Cash and cash equivalents at beginning of period	22,492		17,783		11,540
Cash and cash equivalents at end of period	$ 5,310		$ 22,492		$ 17,783
[1]	Amortized cost.
[2]	Cash and cash equivalents include $299 thousand in restricted cash in 2020 and $221 thousand in 2019, including employee withholding tax.

Condensed Financial Informati_8

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Profit/(Loss) Reconciliation (Details) - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Profit/(Loss) Reconciliation [Abstract]
Profit/(loss) of the parent company only under cost method of accounting	$ (22,433)	$ 26,975	$ (86,143)
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting	288,653	46,969	39,014
Profit/(loss) of the parent company only under equity method of accounting	$ 266,221	$ 73,944	$ (47,128)

Condensed Financial Informati_9

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Equity Reconciliation (Details) - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity Reconciliation [Abstract]
Equity of the parent company only under cost method of accounting	$ 850,336	$ 962,796
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting	358,384	69,731
Equity of the parent company only under equity method of accounting	1,208,720	1,032,527
Dividend income from subsidiaries	$ 15,000	$ 25,007	$ 9,500

Events after the reporting da_2

Events after the reporting date (Details) $ in Millions	Feb. 08, 2021$ / shares	Jan. 21, 2021USD ($)VLCC	Jan. 31, 2021shares$ / shares	Feb. 25, 2021USD ($)
Nordea Credit Facility [Member]
Acquisition [Abstract]
Amount drawn to fund deposit for two VLCCs | $		$ 15
Amount drawn in connection with delivery of first vessel | $		$ 50
Daewoo [Member]
Acquisition [Abstract]
Number of very large crude carriers acquired | VLCC		2
Year built		2016
Total consideration transferred | $		$ 136
Share Transactions [Member]
Restricted Shares [Abstract]
Number of shares, awarded (in shares)			699,000
Number of shares, vested in year one (in shares)			153,066
Number of shares, vested in year two (in shares)			153,067
Number of shares, vested in year three (in shares)			119,900
Number of shares, vested in year four (in shares)			153,067
Number of shares, vesting subject to certain market conditions (in shares)			119,900
Number of shares, vesting in year one to three (in shares)			579,100
Number of shares granted, share price (in dollars per share) | $ / shares			$ 3.22
Share Transactions [Member] | Board of Directors [Member]
Restricted Shares [Abstract]
Number of shares, awarded (in shares) | $ / shares			175,000
Dividend Declared for Q1 [Member]
Dividend [Abstract]
Dividend declare date	Feb. 8, 2021
Dividend declared (in dollars per share) | $ / shares	$ 0.05
Dividends payable date	Feb. 25, 2021
Dividend record date	Feb. 18, 2021
Total dividend payment | $				$ 8.6