DHT (DHT) 20-F 23 Mar 23 2022 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-32640
Entity Registrant Name	DHT HOLDINGS, INC.
Entity Central Index Key	0001331284
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	Clarendon House
Entity Address, Address Line Two	2 Church Street
Entity Address, City or Town	Hamilton HM
Entity Address, Postal Zip Code	11
Entity Address, Country	BM
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	DHT
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	162,653,339
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Auditor Name	Ernst & Young AS	Deloitte AS
Auditor Location	Oslo, Norway	Oslo, Norway
Auditor Firm ID	1572	1191
Business Contact [Member]
Entity Addresses [Line Items]
Contact Personnel Name	Laila Cecilie Halvorsen
City Area Code	441
Local Phone Number	295-1422
Entity Address, Address Line One	Clarendon House
Entity Address, Address Line Two	2 Church Street
Entity Address, City or Town	Hamilton HM
Entity Address, Postal Zip Code	11
Entity Address, Country	BM

Consolidated Statement of Finan

Consolidated Statement of Financial Position - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	[1],[2]	$ 125,948	$ 60,658
Accounts receivable and accrued revenues	[1]	59,465	30,361
Capitalized voyage expenses		2,799	1,395
Prepaid expenses		10,550	6,162
Derivative financial assets	[3]	3,759	0
Bunker inventory		33,069	33,396
Total current assets		235,589	131,972
Non-current assets
Vessels		1,261,998	1,467,846
Advances for vessel upgrades		4,583	372
Other property, plant and equipment		4,949	3,766
Goodwill		1,356	0
Investment in associate company		0	5,406
Total non-current assets		1,272,885	1,477,391
Total assets		1,508,474	1,609,362
Current liabilities
Accounts payable and accrued expenses	[1]	29,398	19,662
Derivative financial liabilities	[3]	0	7,002
Current portion long-term debt	[1]	29,626	9,792
Other current liabilities		1,178	624
Deferred shipping revenues		4,172	4,865
Total current liabilities		64,374	41,944
Non-current liabilities
Long-term debt	[1]	367,069	512,507
Derivative financial liabilities	[3]	0	4,222
Other non-current liabilities		3,545	3,330
Total non-current liabilities		370,614	520,059
Total liabilities		434,988	562,003
Equity
Common stock at par value		1,627	1,661
Additional paid-in capital		1,243,754	1,264,000
Accumulated deficit		(180,664)	(222,405)
Translation differences		138	101
Other reserves		3,623	3,968
Total equity attributable to the Company		1,068,478	1,047,326
Non-controlling interest		5,008	34
Total equity		1,073,486	1,047,359
Total liabilities and equity		$ 1,508,474	$ 1,609,362
[1]Amortized cost.[2]Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, 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, 2022	Dec. 31, 2021	Dec. 31, 2020
Consolidated Income Statement [Abstract]
Shipping revenues		$ 450,381	$ 295,853	$ 691,039
Other revenues	[1]	3,764	0	0
Total revenues		454,146	295,853	691,039
Gain on sale of vessels		19,513	15,153	0
Other income		0	4,612	0
Operating expenses
Voyage expenses		(185,502)	(92,405)	(140,564)
Vessel operating expenses		(73,809)	(77,807)	(82,188)
Depreciation and amortization		(123,255)	(128,639)	(124,245)
Impairment charges		0	0	(12,560)
General and administrative expense		(16,889)	(16,565)	(17,890)
Total operating expenses		(399,455)	(315,416)	(377,447)
Operating income/(loss)		74,204	202	313,591
Share of profit from associated companies		1,327	1,278	1,193
Interest income		1,076	6	212
Interest expense		(26,197)	(25,727)	(38,408)
Fair value gain/(loss) on derivative financial liabilities		14,983	12,450	(8,074)
Other financial (expense)/income		(2,826)	645	(1,334)
Profit/(loss) before tax		62,567	(11,147)	267,181
Income tax expense		(587)	(360)	(900)
Profit/(loss) for the year		61,979	(11,507)	266,281
Attributable to the owners of non-controlling interest		459	14	14
Attributable to the owners of parent		$ 61,520	$ (11,521)	$ 266,266
Basic earnings/(loss) per share (in dollars per share)		$ 0.37	$ (0.07)	$ 1.71
Diluted earnings/(loss) per share (in dollars per share)		$ 0.37	$ (0.07)	$ 1.61
Weighted average number of shares (basic) (in shares)		164,692,954	169,089,325	155,712,886
Weighted average number of shares (diluted) (in shares)		164,850,091	169,089,325	170,053,975
[1]Other revenues mainly relate to technical management services provided

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consolidated Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	$ 61,979	$ (11,507)	$ 266,281
Items that will not be reclassified subsequently to profit or loss:
Remeasurement of defined benefit obligation, net of tax	(101)	(92)	(141)
Items that may be reclassified subsequently to profit or loss:
Exchange gain/(loss) on translation of foreign currency denominated associate and subsidiary	101	(68)	95
Total comprehensive income/(loss) for the period	61,979	(11,667)	266,235
Attributable to the owners of non-controlling interest	523	14	14
Attributable to the owners of parent	$ 61,456	$ (11,681)	$ 266,221

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]	Accumulated Deficit [Member]	Translation Differences [Member]	Other Reserves [Member]		Non-controlling Interest [Member]
Balance at Dec. 31, 2019	$ 932,449	$ 1,468	$ 1,169,537	$ 0	$ (240,165)	$ 73	$ 1,531	[1]	$ 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	[1]	14
Other comprehensive income/(loss)	(45)	0	0	0	(141)	95	0	[1]	0
Total comprehensive income/(loss) for the period	266,235	0	0	0	266,125	95	0	[1]	14
Cash dividends declared and paid	$ (214,669)	0	0	0	(214,669)	0	0	[1]	0
Purchase of treasury shares (in shares)	0
Conversion of convertible bonds	$ 119,818	$ 234	119,584	0	0	0	0	[1]	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	[1]	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	[1]	19
Balance (in shares) at Dec. 31, 2020		170,798,328
Changes in equity
Profit/(loss) for the year	(11,507)	$ 0	0	0	(11,521)	0	0	[1]	14
Other comprehensive income/(loss)	(160)	0	0	0	(92)	(68)	0	[1]	0
Total comprehensive income/(loss) for the period	(11,667)	0	0	0	(11,613)	(68)	0	[1]	14
Cash dividends declared and paid	(22,083)	0	0	0	(22,083)	0	0	[1]	0
Purchase of treasury shares	$ (32,178)	$ 0	0	(32,178)	0	0	0	[1]	0
Purchase of treasury shares (in shares)	(5,513,254)	0
Retirement of treasury shares	$ 0	$ (55)	(32,123)	32,178	0	0	0	[1]	0
Retirement of treasury shares (in shares)		(5,513,254)
Compensation related to options and restricted stock	4,347	$ 8	4,619	0	0	0	(280)	[1]	0
Compensation related to options and restricted stock (in shares)		841,696
Balance at Dec. 31, 2021	1,047,359	$ 1,661	1,264,000	0	(222,405)	101	3,968	[1]	34
Balance (in shares) at Dec. 31, 2021		166,126,770
Changes in equity
Profit/(loss) for the year	61,979	$ 0	0	0	61,520	0	0		459
Other comprehensive income/(loss)	(1)	0	0	0	(101)	37	0		64
Total comprehensive income/(loss) for the period	61,979	0	0	0	61,419	37	0		523
Cash dividends declared and paid	(19,679)	0	0	0	(19,679)	0	0		0
Purchase of treasury shares	$ (24,758)	$ 0	0	(24,758)	0	0	0		0
Purchase of treasury shares (in shares)	(4,326,379)	0
Retirement of treasury shares	$ 0	$ (43)	(24,715)	24,758	0	0	0		0
Retirement of treasury shares (in shares)		(4,326,379)
Adjustment related to non-controlling interest	4,452	$ 0	0	0	0	0	0		4,452
Compensation related to options and restricted stock	4,133	$ 9	4,469	0	0	0	(345)		0
Compensation related to options and restricted stock (in shares)		852,948
Balance at Dec. 31, 2022	$ 1,073,486	$ 1,627	$ 1,243,754	$ 0	$ (180,664)	$ 138	$ 3,623		$ 5,008
Balance (in shares) at Dec. 31, 2022		162,653,339
[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, 2022		Dec. 31, 2021		Dec. 31, 2020
Cash flows from operating activities:
Profit/(loss) for the year	$ 61,979		$ (11,507)		$ 266,281
Items included in net income not affecting cash flows:
Depreciation and amortization	123,255		128,639		124,245
Impairment charges	0		0		12,560
Amortization of deferred debt issuance cost	2,902		2,550		5,538
(Gain)/loss, sale of vessel	(19,513)		(15,153)		0
Fair value (gain)/loss on derivative financial instruments	(14,983)		(12,450)		8,074
Impairment of equity accounted investment	637		0		0
Compensation related to options and restricted stock	4,133		4,347		5,106
Net foreign exchange differences	(73)		0		0
(Gain)/loss modification of debt	(669)		(3,049)		0
Share of profit in associated companies	(1,327)		(1,278)		(1,193)
Changes in operating assets and liabilities:
Accounts receivable and accrued revenues	(28,703)		(301)		77,788
Capitalized voyage expenses	(1,403)		(356)		3,111
Prepaid expenses	(3,537)		523		(2,265)
Accounts payable and accrued expenses	5,573		1,510		(6,914)
Deferred shipping revenues	(693)		(11,372)		15,306
Bunker inventory	327		(21,542)		22,231
Net cash provided by/(used in) operating activities	127,906		60,562		529,870
Cash flows from investing activities:
Investment in vessels	(9,902)		(174,558)		(27,117)
Proceeds from sale of vessels	112,399		87,062		0
Purchase of non-controlling interest in subsidiary	(2)		0		0
Acquisition of subsidiary, net of cash paid	8,267		0		0
Dividend received from associated company	0		1,031		835
Investment in other property, plant and equipment	(243)		(48)		(435)
Net cash provided by/(used in) investing activities	110,518		(86,512)		(26,717)
Cash flows from financing activities
Cash dividends paid	(19,679)		(22,083)		(214,669)
Repayment principal element of lease liability	(1,090)		(611)		(467)
Issuance of long-term debt	4,008		355,840		70,862
Purchase of treasury shares	(24,758)		(32,178)		0
Repayment of long-term debt	(131,825)		(283,000)		(357,595)
Net cash provided by/(used in) financing activities	(173,343)		17,967		(501,868)
Net (decrease)/increase in cash and cash equivalents	65,081		(7,983)		1,285
Net foreign exchange difference	209		0		0
Cash and cash equivalents at beginning of period	60,658	[1],[2]	68,641		67,356
Cash and cash equivalents at end of period	125,948	[1],[2]	60,658	[1],[2]	68,641
Specification of items included in operating activities:
Interest paid	23,450		23,196		35,404
Interest received	$ 1,481		$ 6		$ 212
[1]Amortized cost.[2]Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, including employee withholding tax.

General information

General information	12 Months Ended
	Dec. 31, 2022
General information [Abstract]
General information	Note 1 – General information DHT Holdings, Inc. (“DHT” or the “the parent 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. The Company has 33 subsidiaries, of which 29 are wholly owned. Of the wholly owned subsidiaries, 19 are Marshall Island companies, seven are Cayman Islands companies, two are Singaporean companies and one is a Norwegian company. 17 Marshall Islands subsidiaries and 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. The Company has three dormant Marshall Islands subsidiaries and the remaining four subsidiaries are a Monegasque company, in which the Company has a 99% ownership interest, a Singaporean company, in which the Company has a 53% ownership interest and its 100% subsidiaries, a Singaporean company and an Indian company, in each of which the Company indirectly has a 53% ownership interest. Our principal activity is the ownership and operation of a fleet of crude oil carriers. As of December 31, 2022 our fleet consisted of 23 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 has a combined carrying capacity of 7,152,498 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, 2022
Significant accounting principles [Abstract]
Significant accounting principles	Note 2 – Significant accounting principles Statement of compliance The 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 financial statements have been prepared on a going concern basis. The principal accounting policies are set out below. Basis of consolidation The consolidated financial statements comprise the financial statements of DHT Holdings, Inc. and entities controlled by the parent company (and its subsidiaries). Unless otherwise specified, all subsequent references to the “Company” refer to DHT Holdings, Inc. 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. For business combinations achieved in stages, otherwise known as step acquisitions, previously held equity interests in the acquiree are remeasured to fair value. The resulting gain or loss is recognized in the consolidated income statement. At the acquisition date, all identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition are recognized at their fair value, except for non-current assets which 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 from 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. 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 when held for the purpose of meeting short-term cash commitments. 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. Historical 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 exhaust gas cleaning systems costs are depreciated on a straight-line basis from the time of installation of the equipment to the end of the estimated useful life. The exhaust gas cleaning systems are estimated to have a useful life of three years. 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 exhaust gas cleaning system 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 reclassified 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. 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 at the end of each reporting period or whenever 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. 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. Bunker inventory Bunker inventory is stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out (“FIFO”) method and includes expenditures incurred in acquiring the bunkers and delivery cost less discounts. Bunker expenses are recognized as part of voyage expenses in the consolidated income statement upon consumption. Leases - DHT as lessee The Company currently has one category of lease related to leased office space in Monaco, Norway and Singapore 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. For vessels on time charters, where the Company is a lessor, the time charter contract contains a lease component, which is the right to use the specified ship, and a non-lease component, which is the operation and maintenance of the ship. Technical management service components are accounted for in accordance with IFRS 15 Revenue from Contracts with Customers 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. Revenues from spot charterers, otherwise known as voyage charter revenues, are recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Revenues from spot charterers are accounted for under IFRS 15. 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. Other income refers to income earned as part of operational activities which do not arise in the course of the Company’s ordinary activities, thus not categorized as revenue. Other revenues primarily comprises revenues earned from the technical management of third party vessels and is recognized over time following the timing of satisfaction of the performance obligation. 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 operating expenses are expensed when incurred and include crew costs, vessel stores and supplies, lubricating oils, maintenance and repairs, insurance and communication costs. Gains and losses on sale of vessels Gains and losses on the sale of vessels are reported as a separate line item in the consolidated income statement. For the sale of vessels, transfer of control usually occurs upon delivery of the vessel to the new owner. 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 is comprised of the Company’s derivatives. Any other liabilities of the Company, such as, accounts payable and accrued expenses, other current and non-current liabilities, and long-term debt, 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 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. Any resulting gain or loss is recognized in profit or loss immediately. The interest rate swaps do 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 parent 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 12 months or less from the reporting date and items related to the operating cycle, if longer, liabilities for which the Company does not have the unconditional right to defer settlement beyond 12 months from the reporting date, and items primarily held for trading. The current portion of long-term debt is included as current liabilities. Assets other 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 subsidiaries acting as 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. Accumulated deficit Accumulated deficit is the cumulative amount of prior year profit and loss and dividends paid. 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 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 DHT’s primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. The Company is organized and managed as one segment based upon the magnitude of services provided. The Company’s chief operating decision maker (“CODM”), the President & Chief Executive Officer, reviews the Company’s operating results on a consolidated basis as 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: As described above, the Company reviews estimated useful lives and residual values each year. Estimated useful lives may change due to changed end-user requirements, costs related to maintenance and upgrades, technological development and competition as well as industry, environmental and legal requirements. In addition, residual value may vary due to changes in market prices on scrap. • Drydock period: The drydock period impacts the depreciation rate applied to capitalized survey cost. The vessels are required by their respective classification societies to go through a drydock at regular intervals. In general, vessels below the age of 15 years are docked every five years and vessels older than 15 years are docked every 2-1/2 years. • Value in use: As described in Note 6, in assessing “value in use,” the estimated future cash flows are discounted to their present value. In developing estimates of future cash flows, we must make significant assumptions about future charter rates, future use of vessels, ship operating expenses, drydocking expenditures, utilization rates, fixed commercial and technical management fees, residual value of vessels, the estimated remaining useful lives of the vessels, and the discount rate. 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, as disclosed in Note 6, 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”) New and amended standards and interpretations A number of new standards and amendments were effective as of January 1, 2022, but they did not have a material effect on the Company’s financial statements. New standards issued but not yet effective New and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Company’s financial statements are disclosed below. The below list includes the new standards and amendments that we believe are the most relevant for the Company: Amendments to IAS 1 Presentation of Financial Statements – Classification of Liabilities as Current or Non-current The amendments to IAS 1 published in January 2020 and October 2022 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 what is meant by a right to defer settlement, that a right to defer must exist 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, introduce a definition of “settlement” to make clear that settlements refers to the transfer to the counterparty of cash, equity instruments, other assets or services and required disclosures. The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. The Company is currently assessing the impact of the amendments, however, the adoption is not expected to have a material impact on its consolidated financial statements. Amendments to IAS 1 Presentation of Financial Statements Making Materiality Judgements Disclosure of Accounting Policies The amendments change the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments replace all instances of the term ‘significant accounting policies’ with ‘material accounting policy information’. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The supporting paragraphs in IAS 1 are also amended to clarify that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. Accounting policy information may be material because of the nature of the related transactions, other events or conditions, even if the amounts are immaterial. However, not all accounting policy information relating to material transactions, other events or conditions is itself material. The IASB has also developed guidance and examples to explain and demonstrate the application of the ‘four-step materiality process’ described in IFRS Practice Statement 2. The amendments to IAS 1 are effective for annual periods beginning on or after Januar

Segment information

Segment information	12 Months Ended
	Dec. 31, 2022
Segment information [Abstract]
Segment information	Note 3 – Segment information Operating Segments DHT’s primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. Management organizes and manages the entity as one segment based upon the magnitude of services provided. The Company’s CODM reviews the Company’s operating results on a consolidated basis as one operating segment as defined in IFRS 8. Entity-wide disclosures Information about major customers: As of December 31, 2022, the Company had 23 vessels in operation of which five were on time charters and 18 were vessels operating in the spot market. For the period from January 1, 2022, to December 31, 2022, five customers represented $80,198 thousand, $68,829 thousand, $27,443 thousand, $26,873 thousand, and $19,788 thousand, respectively, of the Company’s shipping revenues. The five customers in aggregate represented $223,131 thousand, equal to 50 percent of the shipping revenues of $450,381 thousand for the period from January 1, 2022, to December 31, 2022. For the period from January 1, 2021, to December 31, 2021, five customers represented $41,418 thousand, $35,154 thousand, $28,322 thousand, $26,392 thousand, and $26,315 thousand, respectively, of the Company’s shipping revenues. The five customers in aggregate represented $157,601 thousand, equal to 53 percent of the shipping revenues of $295,853 thousand for the period from January 1, 2021, to December 31, 2021. 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 shipping revenues. The five customers in aggregate represented $283,042 thousand, equal to 41 percent of the shipping revenues of $691,039 thousand for the period from January 1, 2020, to December 31, 2020.

Charter arrangements

Charter arrangements	12 Months Ended
	Dec. 31, 2022
Charter arrangements [Abstract]
Charter arrangements	Note 4 – Charter arrangements The below table details the Company’s shipping revenues: (Dollars in thousands) 2022 2021 2020 Time charter revenues 1 $ 75,790 $ 140,730 $ 182,663 Voyage charter revenues 374,592 155,124 508,375 Shipping revenues $ 450,381 $ 295,853 $ 691,039 Other revenues 2 3,764 - - Total revenues $ 454,146 $ 295,853 $ 691,039 1 Time charter revenues are presented in accordance with IFRS 16, while the portion of time charter revenues related to technical management services, equaling $19,144 thousand, $36,384 thousand and $33,224 thousand, for 2022, 2021, and 2020 respectively, is recognized in accordance with IFRS 15. 2 Other revenues mainly relate to technical management services provided. The following summarizes the Company’s vessel employment as of December 31, 2022: Vessel Type of Employment Expiry VLCC DHT Mustang Time charter Q2 2023 DHT Bronco Spot DHT Colt Time charter Q3 2023 DHT Stallion Spot DHT Tiger Spot DHT Harrier Time charter Q4 2024 DHT Puma Spot DHT Panther Spot DHT Osprey Time charter Q2 2027 DHT Lion Spot DHT Leopard Spot DHT Jaguar Spot DHT Taiga Spot DHT Opal Spot DHT Sundarbans Spot DHT Redwood Spot DHT Amazon Time charter Q2 2023 DHT Peony Spot DHT Lotus Spot DHT China Spot DHT Europe Spot DHT Bauhinia Spot DHT Scandinavia Spot Future charter payments The future revenues expected to be received from the time charters for the Company’s vessels on existing charters as of the reporting date are as follows: (Dollars in thousands) Year Amount 2023 $ 40,509 2024 23,359 2025 13,320 2026 12,580 2027 6,105 Thereafter - Net charter payments $ 95,873 The future net charter payments were $79,942 thousand for the year ending December 31, 2021, and $122,313 thousand for the year ending December 31, 2020. Any extension periods, unless already exercised as of December 31, 2022, are not included in the table above. Time charter hire payments are not received when a vessel is off-hire, including off-hire related to 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. Other income There was no other income for 2022. In the fourth quarter of 2021, the Company received $4,612 thousand, net of tax, as a distribution of equity from The Norwegian Shipowner’s Mutual War Risk Insurance Association. 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 Deferred shipping revenues relate to charter hire payments paid in advance. The year-end deferred shipping revenues balances have been recognized as revenue in the following year due to the short-term nature of the advances. (Dollars in thousands) 2022 2021 2020 Deferred shipping revenues $ 4,172 $ 4,865 $ 16,236 Capitalized voyage expenses Voyage expenses are capitalized (Dollars in thousands) 2022 2021 2020 Capitalized voyage expenses $ 2,799 $ 1,395 $ 1,039 During the twelve months of 2022, $1,395 thousand was amortized related to voyages in progress as of December 31, 2021, and $1,945 thousand was amortized related to the voyages in progress as of December 31, 2022. No impairment losses were recognized in the period. During Concentration of risk As of December 31, 2022, five of the Company’s 23 vessels were chartered to four different counterparties and 18 vessels were operated in the spot market. As of December 31, 2021, seven of the Company’s 26 vessels were chartered to five different counterparties and 19 vessels were operated in the spot market. 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. 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, 2022
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 restricted shares using the treasury stock method. The components of the calculation of basic EPS and diluted EPS are as follows: (Dollars in thousands) 2022 2021 2020 Profit/(loss) for the period used for calculation of EPS – basic $ 61,520 $ (11,521 ) $ 266,266 Interest and amortization on the convertible notes $ - $ - $ 6,766 Profit/(loss) for the period used for calculation of EPS – dilutive $ 61,520 $ (11,521 ) $ 273,032 Basic earnings per share: Weighted average shares outstanding – basic 164,692,954 169,089,325 155,712,886 Diluted earnings per share: Weighted average shares outstanding – basic 164,692,954 169,089,325 155,712,886 Dilutive equity awards 1 157,137 - 65,873 Dilutive shares related to convertible notes - - 14,275,217 Weighted average shares outstanding – dilutive 164,850,091 169,089,325 170,053,975 1 In 2022, 2021, and 2020, equity awards of nil 77,546 nil

Vessels and subsidiaries

Vessels and subsidiaries	12 Months Ended
	Dec. 31, 2022
Vessels and subsidiaries [Abstract]
Vessels and subsidiaries	Note 6 – Vessels and subsidiaries The vessels are owned by companies incorporated in the Marshall Islands or the Cayman Islands. The Company directly owns 100% of the vessel subsidiaries. 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 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. In addition, the Company directly owns 53% of Goodwood Ship Management Pte. Ltd. providing technical management services. The following table sets out the details of the vessel subsidiaries included in these consolidated financial 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 Harrier Inc DHT Harrier 299,985 Hong Kong 2016 DHT Puma Limited DHT Puma 299,629 Hong Kong 2016 DHT Panther Limited DHT Panther 299,629 Hong Kong 2016 DHT Osprey Inc DHT Osprey 299,999 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 Samco Iota Ltd DHT Taiga 314,249 Hong Kong 2012 DHT Opal Inc DHT Opal 320,105 Hong Kong 2012 Samco Theta Ltd DHT Sundarbans 318,123 Hong Kong 2012 Samco Kappa Ltd DHT Redwood 314,249 Hong Kong 2011 Samco Eta Ltd DHT Amazon 318,130 RIF 2011 DHT Peony Inc DHT Peony 320,013 Hong Kong 2011 DHT Lotus Inc DHT Lotus 320,142 Hong Kong 2011 Company Vessel name Dwt Flag State Year Built DHT Edelweiss Inc 1 DHT Edelweiss 301,021 Hong Kong 2008 Samco Epsilon Ltd DHT China 317,794 Hong Kong 2007 Samco Delta Ltd DHT Europe 317,713 Hong Kong 2007 DHT Bauhinia Inc DHT Bauhinia 301,019 Hong Kong 2007 DHT Hawk Inc 1 DHT Hawk 298,923 Hong Kong 2007 Samco Gamma Ltd DHT Scandinavia 317,826 Hong Kong 2006 DHT Falcon Inc 1 DHT Falcon 298,971 Hong Kong 2006 1 In 2022, the Company entered into three separate agreements to sell its three 115 19.5 Vessels (Dollars in thousands) Vessels Drydock EGCS Time charter contracts Total Cost As of January 1, 2022 2,051,924 54,368 59,311 - 2,165,604 Additions 96 (12 ) 3 - 86 Transferred from vessels upgrades 1,467 7,223 - - 8,690 Disposals (146,031 ) (14,961 ) (7,443 ) - (168,435 ) As of December 31, 2022 1,907,456 46,617 51,871 - 2,005,945 Accumulated depreciation and impairment As of January 1, 2022 (646,504 ) (17,766 ) (33,488 ) - (697,758 ) Charge for the period (89,615 ) (11,412 ) (20,710 ) - (121,738 ) Disposals 61,042 8,387 6,119 - 75,549 As of December 31, 2022 (675,077 ) (20,792 ) (48,079 ) - (743,947 ) Net book value As of December 31, 2022 1,232,380 25,826 3,793 - 1,261,998 Cost As of January 1, 2021 2,020,690 51,843 51,071 6,600 2,130,204 Additions 66,531 139 1,486 - 68,156 Transferred from vessels upgrades 75,417 30,158 17,333 - 122,907 Disposals (110,713 ) (27,772 ) (10,579 ) (6,600 ) (155,664 ) As of December 31, 2021 2,051,924 54,368 59,311 - 2,165,604 Accumulated depreciation and impairment As of January 1, 2021 (596,709 ) (30,880 ) (20,032 ) (6,148 ) (653,769 ) Charge for the period (94,700 ) (13,270 ) (19,322 ) (452 ) (127,743 ) Disposals 44,905 26,383 5,866 6,600 83,754 As of December 31, 2021 (646,504 ) (17,766 ) (33,488 ) - (697,758 ) Net book value As of December 31, 2021 1,405,420 36,602 25,824 - 1,467,846 Vessel upgrades As of January 1, 2022 232 140 - - 372 Additions 1,235 9,890 1,776 - 12,900 Transferred to vessels (1,467 ) (7,223 ) - - (8,690 ) As of December 31, 2022 - 2,807 1,776 - 4,583 As of January 1, 2021 2,788 3,265 11,216 - 17,269 Additions 72,861 27,033 6,117 - 106,010 Transferred to vessels (75,417 ) (30,158 ) (17,333 ) - (122,907 ) As of December 31, 2021 232 140 - - 372 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 based on estimated scrap value in accordance with our recycling policy. 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 exhaust gas cleaning system costs are depreciated on a straight-line basis from the time of installation of the equipment to the end of the estimated useful life. The Company revised the useful life estimate of exhaust gas cleaning systems from a previously assessed useful life from the time of installation through the accounting year 2022 to an estimated useful life of three years. The change in estimated useful life was accounted for prospectively and consequently depreciation expense of $2,649 thousand and $1,144 thousand will be recognized in 2023 and 2024, respectively. Recycling policy The Company upholds the following policy with respect to retiring a ship from its trading life: If the Company were to sell a ship for demolition, the Company shall prepare the ship to facilitate safe and environmentally sound recycling in accordance with the Hong Kong Convention. It should be sold in accordance with the “BIMCO Recyclecon” terms, “Standard Contract for the Sale of Vessels for Green Recycling” and with the commitment from the Buyer to provide the Company with certification from the Ship Recycling Facility that its Ship Recycling Facility Plan is in compliance with and will be executed in accordance with the Hong Kong Convention. 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. In instances where a vessel is considered impaired, it is written down to its recoverable amount. 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. The factors evaluated in the assessment include the carrying amount of net assets compared to market capitalization, the changes in market rates affecting the Company’s weighted average cost of capital, the effect of any changes in the technological, market, economic, or legal environment in which the Company operates, changes in forecasted charter rates, and movements in external broker valuations. The Company also assesses whether any evidence suggests the obsolescence or physical damage of an asset, whether the Company had any plans to dispose of an asset before the previously expected date of disposal, and whether any evidence suggests that the economic performance of an asset was, or would be, worse than expected. 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. Although management believes that the assumptions used to evaluate potential indicators of impairment or reversal of prior impairment are reasonable and appropriate at the time they were made, such assumptions are highly subjective and could change, possibly materially, in the future. This also applies to assumptions used to evaluate impairment charges or reversal or prior year impairment charges. 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. There can be no assurance as to how long charter rates and vessel values will remain at their current levels or whether or when they will change by any significant degree. Charter rates may decline significantly from current levels, which could adversely affect our revenue and profitability and future assessments of vessel impairment. For the year ended December 31, 2022, the Company performed an assessment using both internal and external sources of information and concluded there were no indicators of impairment or reversal of prior impairment. For the year ended December 31, 2021, the Company performed an assessment using both internal and external sources of information and concluded there were no indicators of impairment or reversal of prior impairment. For the year ended December 31, 2020, impairment indicators were identified for some of our vessels due to an overall assessment of external and internal factors, 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. 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 Scandinavia 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 was added through 2022 for VLCCs built in 2015 and later, and $4,000 per day was added through 2022 for VLCCs with exhaust gas cleaning systems. For vessels on time charter we assumed the contractual rate for the remaining term of the time charter. The most sensitive and/or subjective assumptions that had the potential to affect the outcome of the impairment assessment for the vessels were 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 Scandinavia 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 was added through 2022 for VLCCs built in 2015 and later, and $3,000 per day was added through 2022 for VLCCs with exhaust gas cleaning systems. For vessels on time charter we assumed the contractual rate for the remaining term of the time charter. Pledged assets As of December 31, 2022, all of the Company’s 23 vessels were pledged as collateral under the Company’s secured credit facilities.

Accounts payable and accrued ex

Accounts payable and accrued expenses	12 Months Ended
	Dec. 31, 2022
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) 2022 2021 Accounts payable $ 14,580 $ 11,111 Accrued interest 643 510 Accrued voyage expenses 8,019 2,426 Accrued employee compensation 2,391 1,712 Other 1 3,764 3,903 Total accounts payable and accrued expenses $ 29,398 $ 19,662 1 Other includes accrued operating expenses and accrued capital expenditures.

Financial instruments

Financial instruments	12 Months Ended
	Dec. 31, 2022
Financial instruments [Abstract]
Financial instruments	Note 8 – Financial instruments Categories of financial instruments (Dollars in thousands) Carrying amount Financial assets 2022 2021 Cash and cash equivalents 1, 3 $ 125,948 $ 60,658 Accounts receivable and accrued revenues 1 59,465 30,361 Derivative financial assets, current 2 3,759 - Total financial assets $ 189,172 $ 91,018 Financial liabilities Accounts payables and accrued expenses 1 $ 29,398 $ 19,662 Derivative financial liabilities, current 2 - 7,002 Current portion long-term debt 1 29,626 9,792 Long-term debt 1 367,069 512,507 Derivative financial liabilities, non-current 2 - 4,222 Total financial liabilities $ 426,094 $ 553,184 1 Amortized cost. 2 Fair value through profit or loss. 3 Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, 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 In the statement of financial position, only derivatives are classified within a fair value measurement category and recognized at fair value. 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 Notional amount Fair value - Financial asset Fair value - Financial liability (Dollars in thousands) Expires 2022 2021 2022 2021 2022 2021 Swap pays 2.987 Apr. 20, 2023 $ 37,200 $ 39,600 $ 202 $ - $ - $ 1,173 Swap pays 3.012 Apr. 20, 2023 37,200 39,600 200 - - 1,185 Swap pays 3.019 Sept. 29, 2023 25,609 28,176 365 - - 1,017 Swap pays 3.019 Sept. 29, 2023 24,695 27,262 351 - - 982 Swap pays 2.8665 Sep. 29, 2023 41,120 43,690 629 - - 1,509 Swap pays 2.8785 Jun. 30, 2023 35,539 38,106 357 - - 1,162 Swap pays 2.885 Sept. 29, 2023 40,478 43,048 623 - - 1,504 Swap pays 2.897 Sept. 30, 2023 35,717 38,284 544 - - 1,339 Swap pays 3.020 Sept. 29, 2023 34,033 36,600 488 - - 1,353 Total carrying amount $ 311,590 $ 334,365 $ 3,759 $ - $ - $ 11,224 Interest-bearing debt (Dollars in thousands) Remaining Carrying amount Interest notional 2022 2021 Credit Agricole Credit Facility SOFR + 2.05 % 37,500 36,381 35,002 Danish Ship Finance Credit Facility LIBOR + 2.00 % 31,547 31,342 33,683 Nordea Credit Facility LIBOR + 1.90 % 117,235 113,043 225,214 ABN AMRO Credit Facility LIBOR + 2.40 % 216,761 215,929 228,400 Total carrying amount 403,043 396,696 522,299 As of December 31, 2022, $144.4 million was undrawn under the Nordea Credit Facility and $90.1 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, 2022 Financing cash flows 1 Amortization Other changes 2 As of December 31, 2022 Bank loans 3 $ 522,299 (127,816 ) 2,902 (688 ) 396,696 Office leases 4 3,285 (1,090 ) 1,743 3,938 Total 5 $ 525,584 (128,906 ) 2,902 1,054 400,634 Non-cash changes As of January 1, 2021 Financing cash flows 1 Amortization Other changes 2 As of December 31, 2021 Bank loans 3 $ 449,959 72,840 2,550 (3,049 ) 522,299 Office leases 4 4,060 (611 ) (164 ) 3,285 Total 5 $ 454,019 72,228 2,550 (3,213 ) 525,584 1 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. 2 Other changes related to bank loans for the years 2022 and 2021 represent gains on modification of debt which includes previously capitalized fees. Other changes related to office leases for 2022 represent lease liabilities assumed through the business combination (for more details see Note 16), lease modification, and foreign exchange effects during the year related to IFRS 16. Other changes related to office leases for 2021 represent foreign exchange effects during the year related to IFRS 16. 3 As of December 31, 2022, bank loans consist of current portion long-term debt of $29,626 thousand and long-term debt of $367,069 thousand. As of December 31, 2021, bank loans consist of current portion long-term debt of $9,792 thousand and long-term debt of $512,507 thousand. 4 As of December 31, 2022, office leases consist of $1,178 thousand of current liabilities and $2,760 thousand of non-current liabilities. As of December 31, 2021, office leases consist of $624 thousand of current liabilities and $2,661 thousand of non-current liabilities. The remaining balance of non-current liabilities consists of pensions, deferred tax liability, and restoration cost related to office rental in 2022 and of pensions in 2021. 5 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, 2022
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, 2022, the Company had nine interest rate swaps with a total aggregate notional amount of $311,590 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. 2022: 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, 2022 would decrease/increase by $457 thousand with a corresponding effect against equity; and ● other comprehensive income would not be affected. 2021: If interest rates had been 50 basis points higher/lower and all other variables were held constant, the Company’s: ● loss for the year ended December 31, 2021 would decrease/increase by $981 thousand with a corresponding effect against equity; and ● other comprehensive income would not be affected. 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 with a corresponding effect against equity; 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 2022, 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, 2022, five of the Company’s 23 vessels are chartered to four different counterparties and 18 vessels are operated in the spot market. During 2021, 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, 2021, seven of the Company’s 26 vessels are chartered to five different counterparties and 19 vessels are operated in the spot market. 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. See Note 5 for further details on employment of the Company’s vessels. Time charter hire is paid 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, 2022, five customers represented $17,715 thousand, $7,514 thousand, $7,349 thousand, $7,306 thousand and $5,576 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) 2022 2021 Cash and cash equivalents $ 125,948 $ 60,658 Accounts receivable and accrued revenues 59,465 30,361 Maximum credit exposure $ 185,412 $ 91,018 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, 2022 (and spot rate at December 31, 2021 for comparatives) is used as a basis for preparation. As of December 31, 2022 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 59,707 $ 384,591 $ 26,464 $ 470,761 Interest rate swaps (3,300 ) - - (3,300 ) Total $ 56,407 $ 384,591 $ 26,464 $ 467,462 As of December 31, 2021 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 24,112 $ 430,136 $ 120,724 $ 574,973 Interest rate swaps 8,929 4,961 - 13,890 Total $ 33,041 $ 435,097 $ 120,724 $ 588,863 Capital management A key objective in relation to capital management is to ensure that the Company maintains a capital structure suitable to support its business. The Company evaluates its capital structure in light of current and projected cash flows, the cyclicality and the relative strength or weakness 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 dividends paid to shareholders, issue new shares or sell assets to reduce debt. The Company is in compliance with its financial covenants stipulated in its credit agreements. Credit Agricole Credit Facility In November 2022, the Company entered into an amended and restated agreement between Credit Agricole, as lender, DHT Tiger Limited, as borrower, and DHT Holdings, Inc., as guarantor (the “Credit Agricole Credit Facility”) for a $37.5 million credit facility to refinance the outstanding amount under a credit agreement with Credit Agricole that financed DHT Tiger. Borrowings bear interest at a rate equal to SOFR + 2.05%, and is repayable in 24 quarterly installments of $0.6 million from March 2023 to December 2028 and a final payment of $22.5 million in December 2028. 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 $300 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) $30 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. Borrowings bear interest at a rate equal to LIBOR + 2.00% and are repayable in 10 semiannual 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). Nordea Credit Facility In May 2021, the Company entered into a new secured credit agreement with Nordea, ABN AMRO, Credit Agricole, DNB, Danish Ship Finance, ING and SEB, as lenders, several wholly owned special-purpose vessel-owning subsidiaries as borrowers, and DHT Holdings, Inc., as guarantor (the “Nordea Credit Facility”) for a $316.2 million credit facility with Nordea as agent. The Nordea Credit Facility consists of a $119.8 million term loan and a $196.4 million revolving credit facility, of which $60 million is subject to quarterly reductions through the term of the facility. In June 2021, the Company drew down $233.8 million under the Nordea Credit Facility and repaid the total outstanding under the Old Nordea Credit Facility, amounting to $175.9 million. Borrowings bear interest at a rate equal to LIBOR + 1.90%, and the facility has final maturity in January 2027. In connection with the cessation of LIBOR in 2023, in January 2023, Nordea granted DHT an extension on the requirement under the Nordea Credit Facility to establish a benchmark replacement for LIBOR until March 2023. In August 2022, the Company entered into an agreement to sell DHT Edelweiss, a 2008 built VLCC, for $37.0 million. The vessel was delivered to its new owner during the third quarter of 2022 and the sale generated a gain of $6.8 million. The Company repaid the outstanding debt of $12.2 million in connection with the sale and cancelled the RCF tranche of $2.4 million. In June 2022 and September 2022, the Company prepaid $23.1 million and $50 million, respectively, under the Nordea Credit Facility. The voluntary prepayments were made under the revolving credit facility tranches and may be re-borrowed. In December 2022, the Company prepaid $23.7 million under the Nordea Credit Facility. The prepayment was made for all regular installments for 2023. The outstanding amount is repayable in quarterly installments of $5.9 million from March 2024, with a final payment of $40.9 million in addition to the last installment of $5.2 million due in the first quarter of 2027. Additionally, the facility includes an uncommitted incremental facility of $250.0 million. The 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 credit facility also 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, 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). ABN AMRO Credit Facility In April 2018, the Company 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 (the “ABN AMRO Credit Facility”), for the financing of 11 VLCCs and two newbuildings. Borrowings bear interest at a rate equal to LIBOR + 2.40%. In March 2020 and September 2020, the Company prepaid $57.8 million and $42.2 million, respectively, under the revolving credit facility tranche. In June 2020, the Company prepaid $33.4 million under the ABN AMRO Credit Facility. The voluntary prepayment was made for all regular installments for 2021. In March 2021, the Company drew down $60 million under the ABN AMRO revolving credit facility tranche in relation to the delivery of DHT Osprey. In June 2021, the Company repaid the $60 million, repaid $6.1 million related to the sale of DHT Condor and additionally prepaid $33.4 million under the ABN AMRO Credit Facility. The voluntary prepayment was made for all regular installments for 2022. In May 2022, the Company entered into agreements to sell DHT Hawk and DHT Falcon at $40 million and $38 million, respectively. The vessels were both delivered during the second quarter of 2022 and the sales generated a combined gain of $12.7 million. The Company repaid the outstanding debt on the two vessels, equal to $13.3 million in total and cancelled the revolving credit facility tranche of $9.9 million. 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). In January 2023, the Company refinanced the outstanding amount of $306.8 million under the ABN AMRO Credit Facility, including the $90.1 million undrawn under the revolving credit facility, through the ING Credit Facility as described below. ING Credit Facility In January 2023, the Company entered into a new $405.0 million secured credit facility, including a $100.0 million uncommitted incremental facility, with ING, Nordea, ABN AMRO, Credit Agricole, Danish Ship Finance and SEB, as lenders, ten wholly owned special-purpose vessel-owning subsidiaries as borrowers, and DHT Holdings, Inc., as guarantor. The facility refinanced the outstanding amount under the ABN AMRO Credit Facility, as described above. Borrowings bear interest at a rate equal to SOFR plus a margin of 1.90%, including the historical Credit Adjustment Spread (CAS) of 26 basis points, and is repayable in quarterly installments of $6.3 million with maturity in January 2029. 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).

Stockholders' equity and divide

Stockholders' equity and dividend payment	12 Months Ended
	Dec. 31, 2022
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 Issued at December 31, 2020 170,798,328 Restricted stock issued 841,696 Retirement of treasury shares (5,513,254 ) Issued at December 31, 2021 166,126,770 Restricted stock issued 852,948 Retirement of treasury shares (4,326,379 ) Issued at December 31, 2022 162,653,339 Par value $ 0.01 Number of shares authorized for issue at December 31, 2022 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. Stock repurchases In 2022, the Company purchased 4,326,379 of its own shares in the open market for an aggregate consideration of $24.8 million, at an average price of $5.71 per share. All shares were retired upon receipt. In 2021, the Company purchased 5,513,254 of its own shares in the open market for an aggregate consideration of $32.2 million, at an average price of $5.82 per share. All shares were retired upon receipt. In 2020, the Company did not repurchase or retire any shares of common stock. Dividend payments Dividend payments as of December 31, 2022: Per share Payment date: Total payment Common February 24, 2022 $ 3.3 million $ 0.02 May 26, 2022 $ 3.3 million $ 0.02 August 30, 2022 $ 6.5 million $ 0.04 November 29, 2022 $ 6.5 million $ 0.04 Total payments as of December 31, 2022 $ 19.7 million $ 0.12 Dividend payments as of December 31, 2021: Per share Payment date: Total payment Common February 25, 2021 $ 8.6 million $ 0.05 May 26, 2021 $ 6.8 million $ 0.04 August 26, 2021 $ 3.3 million $ 0.02 November 23, 2021 $ 3.3 million $ 0.02 Total payments as of December 31, 2021 $ 22.1 million $ 0.13 Dividend payments 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 payments as of December 31, 2020 $ 214.7 million $ 1.35 Refer to Note 18 for the dividend paid after the reporting date.

Operating expenses

Operating expenses	12 Months Ended
	Dec. 31, 2022
Operating expense [Abstract]
Operating expenses	Note 11 – Operating expenses Voyage expenses (Dollars in thousands) 2022 2021 2020 Bunkers $ 154,182 $ 72,925 $ 106,104 Other voyage related expenses 31,320 19,480 34,460 Total voyage expenses $ 185,502 $ 92,405 $ 140,564 Voyage expenses relate to bunkers consumption and other voyage related expenses, such as broker commissions and port costs. Voyage expenses for time charter contracts are paid by the charterer, whereas voyage expenses for vessels operating in the spot market are paid by the Company. In 2022, the Company had more vessels operating in the spot market than in 2021, thereby driving an increase in voyage expenses. In 2021, the Company had fewer vessels operating in the spot market than in 2020, thereby driving a reduction in voyage expenses. Vessel operating expenses (Dollars in thousands) 2022 2021 2020 Operating expenses $ 67,846 $ 71,609 $ 75,944 Insurance 5,963 6,198 6,244 Total vessel operating expenses $ 73,809 $ 77,807 $ 82,188 Vessel operating expenses relate to crewing, maintenance, stores and spares and other technical costs to operate our vessels. General and administrative expenses (Dollars in thousands) 2022 2021 2020 Total compensation to employees and Directors $ 11,763 $ 11,890 $ 14,163 Office and administrative expenses 3,818 3,351 2,413 Audit, legal and consultancy 1,308 1,325 1,313 Total general and administrative expenses $ 16,889 $ 16,565 $ 17,890 Stock compensation The Company currently maintains the 2022 Incentive Compensation Plan (the “2022 Plan”) for the benefit of directors and senior management. Different awards may be granted under the 2022 Plan, including stock options, restricted shares/restricted stock units and cash incentive awards. 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 in the event that a member of the board of directors ceases service on the board of directors prior to the applicable vesting date for any reason, in which case his or her restricted stock would 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 2022 Plan may allow for different criteria for new grants. Stock compensation series Number of Vesting Fair value shares/ options Period at grant date (1) Granted January 2019, restricted shares 360,000 3 years $ 4.25 (2) Granted January 2019, restricted shares 200,000 3 years 3.04 (3) Granted March 2019, restricted shares 210,000 1 year 4.60 (4) Granted January 2020, restricted shares 460,000 3 years 8.22 (5) Granted January 2020, restricted shares 150,000 1 year 8.22 (6) Granted January 2020, restricted shares 200,000 1 year 3.56 (7) Granted January 2021, restricted shares 579,100 3 years 5.52 (8) Granted January 2021, restricted shares 175,000 1 year 5.52 (9) Granted January 2021, restricted shares 119,900 3 years 3.22 (10) Granted January 2022, restricted shares 175,000 1 year 5.38 (11) Granted January 2022, restricted shares 573,359 3 years 5.30 (12) Granted January 2022, restricted shares 124,594 3 years $ 4.29 The following reconciles the number of outstanding restricted common stock: Restricted common stock Outstanding at December 31, 2019 560,000 Granted 810,000 Exercised 1 550,002 Forfeited - Outstanding at December 31, 2020 819,998 Outstanding at December 31, 2020 819,998 Granted 874,000 Exercised 1 733,133 Forfeited - Outstanding at December 31, 2021 960,865 Outstanding at December 31, 2021 960,865 Granted 872,953 Exercised 1 800,723 Forfeited 149,400 Outstanding at December 31, 2022 883,695 1 Stock compensation expenses (Dollars in thousands) 2022 2021 2020 Expense recognized from stock compensation $ 4,211 $ 4,371 $ 4,792 The fair value on the vesting date for shares that vested in 2022 was $8.22 for 122,057 shares, $5.52 for 388,412 shares, $5.30 for 175,048 shares and $4.25 for 167,431 shares. The fair value on the vesting date for shares that vested in 2021 was $8.22 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. Valuation of stock compensation The fair value at grant date for the shares subject to market conditions is independently determined using a Monte Carlo simulation model that takes into account the grant date, the share price at grant date, the risk-free interest rate, the expected volatility, the expected dividends and the correlation coefficients. The expected price volatility is based on the historic volatility (based on the daily share price logarithmic returns for the contractual life of the restricted stock) adjusted for any expected changes to future volatility due to publicly available information. In January 2022, a total of 697,953 shares of restricted stock were awarded to management for the year 2021. Of these shares, 174,394 shares vested in March 2022, 99,788 shares vested in January 2023, 99,788 shares will vest in January 2024, 99,789 shares will vest in January 2025, subject to continued employment or office, as applicable, and 174,331 shares are forfeited. The fair value at grant date was equal to the share price at grant date. The remaining 49,863 shares will vest subject to certain market conditions prior to December 2024 and the calculated fair value was $4.29 per share. In January 2022, a total of 175,000 shares of restricted stock were awarded to the board of directors for the year 2021. The fair value at grant date was equal to the share price at grant date and the shares will vest in June 2023. In January 2021, a total of 175,000 shares of restricted stock were awarded to the board of directors in for the year 2020. The fair value at grant date was equal to the share price at grant date and the shares vested in June 2022. Compensation of Directors and Executives Remuneration of Directors and Executives as a group: (Dollars in thousands) 2022 2021 2020 Cash compensation $ 2,648 $ 5,050 $ 3,897 Pension cost 165 219 206 Share compensation 1 3,316 3,508 4,364 Total remuneration $ 6,129 $ 8,776 $ 8,466 1 Shares held by Directors and Executives 2022 2021 2020 Directors and Executives as a group 1 1,908,331 2,958,894 2,303,011 1 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. Prepaid expenses (Dollars in thousands) 2022 2021 Prepaid voyage expenses $ 5,678 $ 2,959 Prepaid vessel operating expenses 2,216 1,828 Other 2,655 1,375 Total prepaid expenses $ 10,550 $ 6,162

Bunker inventory

Bunker inventory	12 Months Ended
	Dec. 31, 2022
Bunker inventory [Abstract]
Bunker inventory	Note 12 – Bunker inventory Bunker inventory consists of remaining bunkers for our spot vessels at the end of the year. The balance was thousand as of December 31, 2022 compared to housand as of December 31, 2021. Bunker inventory 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.

Related parties

Related parties	12 Months Ended
	Dec. 31, 2022
Related parties [Abstract]
Related parties	Note 13 – Related parties Related party transactions relate to the Company’s subsidiaries, associated company, employees and members of the board of directors. Transactions between DHT Holdings, Inc. and its subsidiaries have been eliminated on consolidation and are not disclosed in this note. For the first five months of 2022, DHT Holdings, Inc. had a ownership in Goodwood Ship Management Pte. Ltd. (“Goodwood”), which was treated as an investment in associate. During that period, total technical management fees paid were thousand. Refer to Note 16 for more information regarding business combination. In 2021 and 2020, total technical management fees paid to Goodwood were thousand and thousand, respectively. Further, DHT has guarantees for certain of its subsidiaries. This mainly relates to the Company’s secured credit facilities, all of which are entered into by special-purpose wholly owned vessel-owning subsidiaries as borrowers and guaranteed by DHT Holdings, Inc.

Pensions

Pensions	12 Months Ended
	Dec. 31, 2022
Pensions [Abstract]
Pensions	Note 14 – 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 pension scheme satisfies the requirements of this law and comprises a defined benefit scheme. At the end of the year, there were 13 participants in the benefit plan. Defined benefit pension DHT Management AS 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. Liability for defined benefit pension DHT Management AS makes contributions to the defined benefit plan and as of December 31, 2022, the net liability recorded was $695 thousand, compared to $662 thousand as of December 31, 2021 and $612 thousand as of December 31, 2020.

Tax

Tax	12 Months Ended
	Dec. 31, 2022
Tax [Abstract]
Tax	Note 15 – Tax DHT Holdings, Inc. is a foreign corporation that is not subject to United States federal income taxes. Further, DHT 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 direct and indirect subsidiaries in Singapore, DHT Ship Management (Singapore) Pte. Ltd, DHT Chartering (Singapore) Pte. Ltd, Goodwood Ship Management Pte. Ltd., and Goodwood Shipping Agencies Pte. Ltd. are subject to income taxation in Singapore and the indirect Indian subsidiary, Goodwood Marine Services Pvt. Ltd. is subject to income taxation in India. The tax effects for the companies are disclosed below. Specification of income tax (Dollars in thousands) 2022 2021 2020 Income tax payable $ 592 $ 378 $ 587 Tax expenses related to previous year (4 ) (27 ) 309 Change in deferred tax (1 ) 9 5 Total income tax expense $ 587 $ 360 $ 900 Specification of temporary differences and deferred tax December 31, December 31, December 31, (Dollars in thousands) 2022 2021 2020 Property, plant and equipment $ 468 $ (11 ) $ 2 Pensions (695 ) (662 ) (612 ) Total basis for deferred tax (227 ) (674 ) (610 ) Deferred tax liability(asset), net 1 $ (113 ) $ (152 ) $ (140 ) Deferred tax (asset), gross 2 (168 ) (166 ) (161 ) Deferred tax liability, gross 2 55 14 21 1 Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position. 2 Deferred tax liability is related to one of the direct and one of the indirect subsidiaries in Singapore and cannot be offset with the deferred tax asset related to the subsidiary in Norway. Reconciliation of income tax expense (Dollars in thousands) 2022 2021 2020 Profit/(loss) before income tax $ 62,567 $ (11,147 ) $ 267,181 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 587 360 900 Total income tax expense $ 587 $ 360 $ 900

Investment in associate company

Investment in associate company and business combination	12 Months Ended
	Dec. 31, 2022
Investment in associate company and business combination [Abstract]
Investment in associate company and business combination	Note 16 – Investment in associate company and business combination Investment in associate During the first five months of 2022, the parent company owned 50% of Goodwood, whose principal activity is ship management and place of incorporation and business is Singapore. The ownership interest was treated as an investment in associate under the equity method. Subsequently, DHT acquired an addition 3% of Goodwood, resulting in a total ownership of 53%, which was treated as a subsidiary and consolidated in the Company’s financial statements. As of December 31, 2021, DHT owned 50% of Goodwood, which was treated as an associate under the equity method. (Dollars in thousands) 2022 2021 Investment in associate company $ - $ 5,406 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 2022 2021 Profit after taxation $ 1,327 $ 1,278 Other comprehensive income for the year, net of tax $ (66 ) $ (74 ) Total comprehensive income for the year $ 1,261 $ 1,204 Business combination In May 2022, the parent company, acquired an additional 3% ownership of Goodwood a privately owned ship management company incorporated under the laws of the Republic of Singapore for a purchase price of $394 thousand in cash. A change in Goodwood’s partnership structure allowed DHT to increase its shareholding under the existing partnership agreement. As of December 31, 2022, Goodwood managed 22 of the Company’s vessels. Following the acquisition, DHT’s ownership percentage increased to 53%, thereby obtaining control over Goodwood in what is known as a step acquisition. Previously held equity interests in Goodwood were remeasured to a fair value of $6,030 thousand, resulting in a loss of $637 thousand, which was recognized under other financial (expense)/income in the consolidated income statement. The Company has elected to measure the non-controlling interests in Goodwood at the proportionate share of identifiable net assets. Assets acquired and liabilities assumed The preliminary fair values of the identifiable assets and liabilities of Goodwood as at the date of the acquisition were: As of May 31, 2022 (Dollars in thousands) FV recognized on acquisition ASSETS Current assets $ 9,912 Non-current assets 2,522 Total assets $ 12,433 LIABILITIES Current liabilities $ (570 ) Non-current liabilities (2,342 ) Total liabilities $ (2,912 ) TOTAL IDENTIFIABLE NET ASSETS AT FAIR VALUE $ 9,521 Previously held equity interest measured at fair value $ (6,030 ) Non-controlling interest measured at fair value (4,453 ) Goodwill arising on acquisition 1,356 PURCHASE CONSIDERATION TRANSFERRED $ 394 (Dollars in thousands) Cash flow on acquisition Net cash acquired with the subsidiary $ 8,660 Cash paid (394 ) NET CASH FLOW ON ACQUISITION $ 8,267 The goodwill of $1,356 thousand comprises the value of the personnel technical management expertise, customer base, and market reputation, which are not separately recognized. Impact of acquisition on the results of the Company For the period from May 31 to December 31, 2022, Goodwood contributed $3,764 thousand to total revenues and a profit of $1,129 thousand before tax to the Company. If the business combination had taken place at the beginning of the year, the total revenues would have been $457,381 thousand on a pro forma basis and the combined result before tax would have improved by $588 thousand to $63,155 thousand on a pro forma basis.

Condensed Financial Information

Condensed Financial Information of DHT Holdings, Inc. (parent company only)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]
Condensed Financial Information of DHT Holdings, Inc. (parent company only)	Note 17 – Condensed Financial Information of DHT Holdings, Inc. (parent company only) SEC Rule 5-04 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 as prescribed in SEC Rule 12-04 Condensed Financial Information of Registrant. 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, The restricted net assets of consolidated subsidiaries exceeded 25% of the consolidated net assets of the parent company as of December 31, 2022, 2021 and 2020. The restricted assets mainly relate to assets restricted by covenants in our secured credit agreements entered into by the vessel-owning subsidiaries. Condensed Statement of Financial Position (Dollars in thousands) ASSETS December 31, December 31, Current assets 2022 2021 Cash and cash equivalents $ 29,601 $ 15,539 Accounts receivable and prepaid expenses 749 74 Amounts due from related parties 89,980 90,190 Total current assets $ 120,330 $ 105,803 Investments in subsidiaries $ 375,683 $ 392,489 Loan to subsidiaries 377,131 338,051 Investment in associate company - 201 Total non-current assets $ 752,814 $ 730,741 Total assets $ 873,144 $ 836,545 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable and accrued expenses $ 201 $ 447 Total current liabilities $ 201 $ 447 Stockholders’ equity Stock $ 1,627 $ 1,661 Paid-in additional capital 1,196,239 1,217,244 Accumulated deficit (324,923 ) (382,808 ) Total stockholders’ equity $ 872,943 $ 836,097 Total liabilities and stockholders’ equity $ 873,144 $ 836,545 Condensed Income Statement (Dollars in thousands) Year ended Year ended Year ended December 31, December 31, December 31, 2022 2021 2020 Revenues $ - $ 980 $ - Impairment charge (1,234 ) (35,149 ) (35,278 ) Dividend income 77,820 70,746 17,081 General and administrative expense (17,704 ) (17,742 ) (19,148 ) Operating income/(loss) $ 58,881 $ 18,835 $ (37,345 ) Interest income $ 18,823 $ 17,233 $ 21,434 Interest expense - - (6,766 ) Other financial (expense)/income (141 ) 26 245 Profit/(loss) for the year $ 77,563 $ 36,095 $ (22,433 ) Condensed Statement of Comprehensive Income (Dollars in thousands) Year ended Year ended Year ended December 31, December 31, December 31, 2022 2021 2020 Profit/(loss) for the year $ 77,563 $ 36,095 $ (22,433 ) Total comprehensive income/(loss) for the period $ 77,563 $ 36,095 $ (22,433 ) Attributable to the owners $ 77,563 $ 36,095 $ (22,433 ) 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. Condensed Statement of Cash Flow (Dollars in thousands) Year ended Year ended Year ended December 31, December 31, December 31, 2022 2021 2020 Cash flows from operating activities Profit/(loss) for the year $ 77,563 $ 36,095 $ (22,433 ) Items included in net income not affecting cash flows: Amortization - - 3,250 Impairment charge 1,234 35,149 35,278 Compensation related to options and restricted stock 3,013 3,203 4,204 Changes in operating assets and liabilities: Accounts receivable and prepaid expenses (675 ) 1,604 (805 ) Accounts payable and accrued expenses (246 ) 277 (2,246 ) Amounts due to related parties (69,740 ) (6,834 ) (43,313 ) Net cash provided by/(used in) operating activities $ 11,150 $ 69,494 $ (26,063 ) Cash flows from investing activities Investments in subsidiaries $ (395 ) $ - $ - Loan to subsidiaries $ 47,744 $ (5,004 ) $ 223,550 Net cash provided by/(used in) investing activities $ 47,349 $ (5,004 ) $ 223,550 Cash flows from financing activities Cash dividends paid $ (19,679 ) $ (22,083 ) $ (214,669 ) Purchase of treasury shares (24,758 ) (32,178 ) - Net cash used in financing activities $ (44,436 ) $ (54,261 ) $ (214,669 ) Net increase/(decrease) in cash and cash equivalents $ 14,062 $ 10,229 $ (17,182 ) Cash and cash equivalents at beginning of period 15,539 5,310 22,492 Cash and cash equivalents at end of period $ 29,601 $ 15,539 $ 5,310 The condensed financial information of the parent company 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 Year ended Year ended Year ended December 31, December 31, December 31, (Dollars in thousands) 2022 2021 2020 Profit/(loss) of the parent company only under cost method of accounting $ 77,563 $ 36,095 $ (22,433 ) Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting (16,107 ) (47,776 ) 288,653 Profit/(loss) of the parent company only under equity method of accounting $ 61,456 $ (11,681 ) $ 266,221 Equity reconciliation December 31, December 31, December 31, (Dollars in thousands) 2022 2021 2020 Equity of the parent company only under cost method of accounting $ 872,943 $ 836,097 $ 850,336 Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting 294,501 310,608 358,384 Equity of the parent company only under equity method of accounting $ 1,167,444 $ 1,146,706 $ 1,208,720 Dividends from subsidiaries are recognized when they are authorized. During the year ended December 31, 2022, the parent company recorded dividend income from its subsidiaries of $72,700 thousand. During the year ended December 31, 2021, the parent company recorded dividend income from its subsidiaries of $69,500 thousand. 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, 2022, 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, 2022
Events after the reporting date [Abstract]
Events after the reporting date	Note 18 – Events after the reporting date In January 2023, for the year 2022, a total of 300,000 shares of restricted stock were awarded to management pursuant to the 2022 Plan, of which 67,500 shares will vest in January 2024, 67,500 shares will vest in January 2025, 48,750 shares will vest prior to December 2025 and 67,500 shares will vest in January 2026. The remaining 48,750 shares will vest subject to certain market conditions prior to December 2025. 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 $8.25 for 251,250 shares and $6.72 per share for 48,750 shares. In January 2023, a total of 135,000 shares of restricted stock were awarded to the board of directors pursuant to the 2022 Plan. The estimated fair value at grant date was $8.25 and the shares will vest in June 2024. In January 2023, the Company agreed to a $405 million secured credit facility, including a $100 million uncommitted incremental facility. ING and Nordea will act as joint coordinators and bookrunners with ING, Nordea, ABN AMRO, Credit Agricole, Danish Ship Finance and SEB as mandated lead arrangers. The new facility will bear interest at a rate equal to Secured Overnight Financing Rate (SOFR) plus a margin of 1.90%, including the historical Credit Adjustment Spread (CAS) of 26 basis points. The cost of the facility compares to a LIBOR equivalent margin of 164 basis points, representing a reduction in the Company’s borrowing cost. The new facility will refinance the outstanding amount on the current ABN AMRO credit facility and be secured by 10 of the Company’s VLCCs. The new facility includes a six-year tenor and a 20-year repayment profile. In January 2023, the Company terminated seven interest rate swaps with maturities in the second and third quarter of 2023. The Company received $3.3 million in connection with the terminations. On February 8, 2023, DHT announced that it would pay a dividend of $0.38 per common share on February 24, 2023, to shareholders of record as of February 17, 2023. This resulted in a total dividend payment of $61.9 million. In February 2023, the Company entered into a three-year time charter contract for DHT Puma, with a one-year period in charterer’s option. The time charter has a base rate of $33,500 per day with all earnings up to $40,000 to DHT following a profit-sharing structure for earnings in excess to be shared between the customer and DHT. So far in 2023, the Company has completed the installation of exhaust gas cleaning systems for four vessels. There are currently one vessel in the shipyard, with three remaining vessels planned to enter the shipyard in the first or second quarter of 2023. The financial statements were approved by the board of directors on March 15, 2023, and authorized for issue.

Significant accounting princi_2

Significant accounting principles (Policies)	12 Months Ended
	Dec. 31, 2022
Significant accounting principles [Abstract]
Statement of compliance	Statement of compliance The 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 financial statements have been prepared on a going concern basis. The principal accounting policies are set out below.
Basis of consolidation	Basis of consolidation The consolidated financial statements comprise the financial statements of DHT Holdings, Inc. and entities controlled by the parent company (and its subsidiaries). Unless otherwise specified, all subsequent references to the “Company” refer to DHT Holdings, Inc. 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. For business combinations achieved in stages, otherwise known as step acquisitions, previously held equity interests in the acquiree are remeasured to fair value. The resulting gain or loss is recognized in the consolidated income statement. At the acquisition date, all identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition are recognized at their fair value, except for non-current assets which 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 from 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. 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 when held for the purpose of meeting short-term cash commitments. 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. Historical 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 exhaust gas cleaning systems costs are depreciated on a straight-line basis from the time of installation of the equipment to the end of the estimated useful life. The exhaust gas cleaning systems are estimated to have a useful life of three years.
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 exhaust gas cleaning system 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 reclassified 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. 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 at the end of each reporting period or whenever 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. 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.
Bunker inventory	Bunker inventory Bunker inventory is stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out (“FIFO”) method and includes expenditures incurred in acquiring the bunkers and delivery cost less discounts. Bunker expenses are recognized as part of voyage expenses in the consolidated income statement upon consumption.
Leases - DHT as lessee	Leases - DHT as lessee The Company currently has one category of lease related to leased office space in Monaco, Norway and Singapore 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. For vessels on time charters, where the Company is a lessor, the time charter contract contains a lease component, which is the right to use the specified ship, and a non-lease component, which is the operation and maintenance of the ship. Technical management service components are accounted for in accordance with IFRS 15 Revenue from Contracts with Customers 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. Revenues from spot charterers, otherwise known as voyage charter revenues, are recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Revenues from spot charterers are accounted for under IFRS 15. 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. Other income refers to income earned as part of operational activities which do not arise in the course of the Company’s ordinary activities, thus not categorized as revenue. Other revenues primarily comprises revenues earned from the technical management of third party vessels and is recognized over time following the timing of satisfaction of the performance obligation. 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 operating expenses are expensed when incurred and include crew costs, vessel stores and supplies, lubricating oils, maintenance and repairs, insurance and communication costs.
Gains and losses on sale of vessels	Gains and losses on sale of vessels Gains and losses on the sale of vessels are reported as a separate line item in the consolidated income statement. For the sale of vessels, transfer of control usually occurs upon delivery of the vessel to the new owner.
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 is comprised of the Company’s derivatives. Any other liabilities of the Company, such as, accounts payable and accrued expenses, other current and non-current liabilities, and long-term debt, 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 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. Any resulting gain or loss is recognized in profit or loss immediately. The interest rate swaps do 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 parent 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 12 months or less from the reporting date and items related to the operating cycle, if longer, liabilities for which the Company does not have the unconditional right to defer settlement beyond 12 months from the reporting date, and items primarily held for trading. The current portion of long-term debt is included as current liabilities. Assets other 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 subsidiaries acting as 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.
Accumulated deficit	Accumulated deficit Accumulated deficit is the cumulative amount of prior year profit and loss and dividends paid.
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 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 DHT’s primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. The Company is organized and managed as one segment based upon the magnitude of services provided. The Company’s chief operating decision maker (“CODM”), the President & Chief Executive Officer, reviews the Company’s operating results on a consolidated basis as 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: As described above, the Company reviews estimated useful lives and residual values each year. Estimated useful lives may change due to changed end-user requirements, costs related to maintenance and upgrades, technological development and competition as well as industry, environmental and legal requirements. In addition, residual value may vary due to changes in market prices on scrap. • Drydock period: The drydock period impacts the depreciation rate applied to capitalized survey cost. The vessels are required by their respective classification societies to go through a drydock at regular intervals. In general, vessels below the age of 15 years are docked every five years and vessels older than 15 years are docked every 2-1/2 years. • Value in use: As described in Note 6, in assessing “value in use,” the estimated future cash flows are discounted to their present value. In developing estimates of future cash flows, we must make significant assumptions about future charter rates, future use of vessels, ship operating expenses, drydocking expenditures, utilization rates, fixed commercial and technical management fees, residual value of vessels, the estimated remaining useful lives of the vessels, and the discount rate.
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, as disclosed in Note 6, 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”) New and amended standards and interpretations A number of new standards and amendments were effective as of January 1, 2022, but they did not have a material effect on the Company’s financial statements. New standards issued but not yet effective New and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Company’s financial statements are disclosed below. The below list includes the new standards and amendments that we believe are the most relevant for the Company: Amendments to IAS 1 Presentation of Financial Statements – Classification of Liabilities as Current or Non-current The amendments to IAS 1 published in January 2020 and October 2022 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 what is meant by a right to defer settlement, that a right to defer must exist 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, introduce a definition of “settlement” to make clear that settlements refers to the transfer to the counterparty of cash, equity instruments, other assets or services and required disclosures. The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. The Company is currently assessing the impact of the amendments, however, the adoption is not expected to have a material impact on its consolidated financial statements. Amendments to IAS 1 Presentation of Financial Statements Making Materiality Judgements Disclosure of Accounting Policies The amendments change the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments replace all instances of the term ‘significant accounting policies’ with ‘material accounting policy information’. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The supporting paragraphs in IAS 1 are also amended to clarify that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. Accounting policy information may be material because of the nature of the related transactions, other events or conditions, even if the amounts are immaterial. However, not all accounting policy information relating to material transactions, other events or conditions is itself material. The IASB has also developed guidance and examples to explain and demonstrate the application of the ‘four-step materiality process’ described in IFRS Practice Statement 2. The amendments to IAS 1 are effective for annual periods beginning on or after January 1, 2023 with earlier application permitted and are applied prospectively. The amendments to IFRS Practice Statement 2 do not contain an effective date or transition requirements. The Company is currently assessing the amendments to determine the impact they will have on the Company’s accounting policy disclosures. Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors—Definition of The amendments replace the definition of a change in accounting estimates with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to measurement uncertainty”. The definition of a change in accounting estimates was deleted. However, the IASB retained the concept of changes in accounting estimates in the Standard with the following clarifications: • A change in accounting estimate that results from new information or new developments is not the correction of an error • The effects of a change in an input or a measurement technique used to develop an accounting estimate are changes in accounting estimates if they do not result from the correction of prior period errors The IASB added two examples (Examples 4-5) to the Guidance on implementing IAS 8, which accompanies the Standard. The IASB has deleted one example (Example 3) as it could cause confusion in light of the amendments. The amendments are effective for annual periods beginning on or after 1 January 2023 to changes in accounting policies and changes in accounting estimates that occur on or after the beginning of that period, with earlier application permitted. The Company is currently assessing the impact of the amendments, however, the adoption is not expected to have a material impact on its consolidated financial statements.

Charter arrangements (Tables)

Charter arrangements (Tables)	12 Months Ended
	Dec. 31, 2022
Charter arrangements [Abstract]
Shipping Revenues	The below table details the Company’s shipping revenues: (Dollars in thousands) 2022 2021 2020 Time charter revenues 1 $ 75,790 $ 140,730 $ 182,663 Voyage charter revenues 374,592 155,124 508,375 Shipping revenues $ 450,381 $ 295,853 $ 691,039 Other revenues 2 3,764 - - Total revenues $ 454,146 $ 295,853 $ 691,039 1 Time charter revenues are presented in accordance with IFRS 16, while the portion of time charter revenues related to technical management services, equaling $19,144 thousand, $36,384 thousand and $33,224 thousand, for 2022, 2021, and 2020 respectively, is recognized in accordance with IFRS 15. 2 Other revenues mainly relate to technical management services provided.
Vessel Employment	The following summarizes the Company’s vessel employment as of December 31, 2022: Vessel Type of Employment Expiry VLCC DHT Mustang Time charter Q2 2023 DHT Bronco Spot DHT Colt Time charter Q3 2023 DHT Stallion Spot DHT Tiger Spot DHT Harrier Time charter Q4 2024 DHT Puma Spot DHT Panther Spot DHT Osprey Time charter Q2 2027 DHT Lion Spot DHT Leopard Spot DHT Jaguar Spot DHT Taiga Spot DHT Opal Spot DHT Sundarbans Spot DHT Redwood Spot DHT Amazon Time charter Q2 2023 DHT Peony Spot DHT Lotus Spot DHT China Spot DHT Europe Spot DHT Bauhinia Spot DHT Scandinavia Spot
Future Charter Payments	The future revenues expected to be received from the time charters for the Company’s vessels on existing charters as of the reporting date are as follows: (Dollars in thousands) Year Amount 2023 $ 40,509 2024 23,359 2025 13,320 2026 12,580 2027 6,105 Thereafter - Net charter payments $ 95,873
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 Deferred shipping revenues relate to charter hire payments paid in advance. The year-end deferred shipping revenues balances have been recognized as revenue in the following year due to the short-term nature of the advances. (Dollars in thousands) 2022 2021 2020 Deferred shipping revenues $ 4,172 $ 4,865 $ 16,236 Capitalized voyage expenses Voyage expenses are capitalized (Dollars in thousands) 2022 2021 2020 Capitalized voyage expenses $ 2,799 $ 1,395 $ 1,039

Earnings per share ("EPS") (Tab

Earnings per share ("EPS") (Tables)	12 Months Ended
	Dec. 31, 2022
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) 2022 2021 2020 Profit/(loss) for the period used for calculation of EPS – basic $ 61,520 $ (11,521 ) $ 266,266 Interest and amortization on the convertible notes $ - $ - $ 6,766 Profit/(loss) for the period used for calculation of EPS – dilutive $ 61,520 $ (11,521 ) $ 273,032 Basic earnings per share: Weighted average shares outstanding – basic 164,692,954 169,089,325 155,712,886 Diluted earnings per share: Weighted average shares outstanding – basic 164,692,954 169,089,325 155,712,886 Dilutive equity awards 1 157,137 - 65,873 Dilutive shares related to convertible notes - - 14,275,217 Weighted average shares outstanding – dilutive 164,850,091 169,089,325 170,053,975 1 In 2022, 2021, and 2020, equity awards of nil 77,546 nil

Vessels and subsidiaries (Table

Vessels and subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2022
Vessels and subsidiaries [Abstract]
Vessel Subsidiaries	The vessels are owned by companies incorporated in the Marshall Islands or the Cayman Islands. The Company directly owns 100% of the vessel subsidiaries. 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 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. In addition, the Company directly owns 53% of Goodwood Ship Management Pte. Ltd. providing technical management services. The following table sets out the details of the vessel subsidiaries included in these consolidated financial 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 Harrier Inc DHT Harrier 299,985 Hong Kong 2016 DHT Puma Limited DHT Puma 299,629 Hong Kong 2016 DHT Panther Limited DHT Panther 299,629 Hong Kong 2016 DHT Osprey Inc DHT Osprey 299,999 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 Samco Iota Ltd DHT Taiga 314,249 Hong Kong 2012 DHT Opal Inc DHT Opal 320,105 Hong Kong 2012 Samco Theta Ltd DHT Sundarbans 318,123 Hong Kong 2012 Samco Kappa Ltd DHT Redwood 314,249 Hong Kong 2011 Samco Eta Ltd DHT Amazon 318,130 RIF 2011 DHT Peony Inc DHT Peony 320,013 Hong Kong 2011 DHT Lotus Inc DHT Lotus 320,142 Hong Kong 2011 Company Vessel name Dwt Flag State Year Built DHT Edelweiss Inc 1 DHT Edelweiss 301,021 Hong Kong 2008 Samco Epsilon Ltd DHT China 317,794 Hong Kong 2007 Samco Delta Ltd DHT Europe 317,713 Hong Kong 2007 DHT Bauhinia Inc DHT Bauhinia 301,019 Hong Kong 2007 DHT Hawk Inc 1 DHT Hawk 298,923 Hong Kong 2007 Samco Gamma Ltd DHT Scandinavia 317,826 Hong Kong 2006 DHT Falcon Inc 1 DHT Falcon 298,971 Hong Kong 2006 1 In 2022, the Company entered into three separate agreements to sell its three 115 19.5
Vessels	Vessels (Dollars in thousands) Vessels Drydock EGCS Time charter contracts Total Cost As of January 1, 2022 2,051,924 54,368 59,311 - 2,165,604 Additions 96 (12 ) 3 - 86 Transferred from vessels upgrades 1,467 7,223 - - 8,690 Disposals (146,031 ) (14,961 ) (7,443 ) - (168,435 ) As of December 31, 2022 1,907,456 46,617 51,871 - 2,005,945 Accumulated depreciation and impairment As of January 1, 2022 (646,504 ) (17,766 ) (33,488 ) - (697,758 ) Charge for the period (89,615 ) (11,412 ) (20,710 ) - (121,738 ) Disposals 61,042 8,387 6,119 - 75,549 As of December 31, 2022 (675,077 ) (20,792 ) (48,079 ) - (743,947 ) Net book value As of December 31, 2022 1,232,380 25,826 3,793 - 1,261,998 Cost As of January 1, 2021 2,020,690 51,843 51,071 6,600 2,130,204 Additions 66,531 139 1,486 - 68,156 Transferred from vessels upgrades 75,417 30,158 17,333 - 122,907 Disposals (110,713 ) (27,772 ) (10,579 ) (6,600 ) (155,664 ) As of December 31, 2021 2,051,924 54,368 59,311 - 2,165,604 Accumulated depreciation and impairment As of January 1, 2021 (596,709 ) (30,880 ) (20,032 ) (6,148 ) (653,769 ) Charge for the period (94,700 ) (13,270 ) (19,322 ) (452 ) (127,743 ) Disposals 44,905 26,383 5,866 6,600 83,754 As of December 31, 2021 (646,504 ) (17,766 ) (33,488 ) - (697,758 ) Net book value As of December 31, 2021 1,405,420 36,602 25,824 - 1,467,846 Vessel upgrades As of January 1, 2022 232 140 - - 372 Additions 1,235 9,890 1,776 - 12,900 Transferred to vessels (1,467 ) (7,223 ) - - (8,690 ) As of December 31, 2022 - 2,807 1,776 - 4,583 As of January 1, 2021 2,788 3,265 11,216 - 17,269 Additions 72,861 27,033 6,117 - 106,010 Transferred to vessels (75,417 ) (30,158 ) (17,333 ) - (122,907 ) As of December 31, 2021 232 140 - - 372

Accounts payable and accrued _2

Accounts payable and accrued expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Accounts payable and accrued expenses [Abstract]
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following: (Dollars in thousands) 2022 2021 Accounts payable $ 14,580 $ 11,111 Accrued interest 643 510 Accrued voyage expenses 8,019 2,426 Accrued employee compensation 2,391 1,712 Other 1 3,764 3,903 Total accounts payable and accrued expenses $ 29,398 $ 19,662 1 Other includes accrued operating expenses and accrued capital expenditures.

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Financial instruments [Abstract]
Categories of Financial Instruments	Categories of financial instruments (Dollars in thousands) Carrying amount Financial assets 2022 2021 Cash and cash equivalents 1, 3 $ 125,948 $ 60,658 Accounts receivable and accrued revenues 1 59,465 30,361 Derivative financial assets, current 2 3,759 - Total financial assets $ 189,172 $ 91,018 Financial liabilities Accounts payables and accrued expenses 1 $ 29,398 $ 19,662 Derivative financial liabilities, current 2 - 7,002 Current portion long-term debt 1 29,626 9,792 Long-term debt 1 367,069 512,507 Derivative financial liabilities, non-current 2 - 4,222 Total financial liabilities $ 426,094 $ 553,184 1 Amortized cost. 2 Fair value through profit or loss. 3 Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, including employee withholding tax.
Derivatives Interest Rate Swaps	Derivatives – interest rate swaps Notional amount Fair value - Financial asset Fair value - Financial liability (Dollars in thousands) Expires 2022 2021 2022 2021 2022 2021 Swap pays 2.987 Apr. 20, 2023 $ 37,200 $ 39,600 $ 202 $ - $ - $ 1,173 Swap pays 3.012 Apr. 20, 2023 37,200 39,600 200 - - 1,185 Swap pays 3.019 Sept. 29, 2023 25,609 28,176 365 - - 1,017 Swap pays 3.019 Sept. 29, 2023 24,695 27,262 351 - - 982 Swap pays 2.8665 Sep. 29, 2023 41,120 43,690 629 - - 1,509 Swap pays 2.8785 Jun. 30, 2023 35,539 38,106 357 - - 1,162 Swap pays 2.885 Sept. 29, 2023 40,478 43,048 623 - - 1,504 Swap pays 2.897 Sept. 30, 2023 35,717 38,284 544 - - 1,339 Swap pays 3.020 Sept. 29, 2023 34,033 36,600 488 - - 1,353 Total carrying amount $ 311,590 $ 334,365 $ 3,759 $ - $ - $ 11,224
Interest Bearing Debt	Interest-bearing debt (Dollars in thousands) Remaining Carrying amount Interest notional 2022 2021 Credit Agricole Credit Facility SOFR + 2.05 % 37,500 36,381 35,002 Danish Ship Finance Credit Facility LIBOR + 2.00 % 31,547 31,342 33,683 Nordea Credit Facility LIBOR + 1.90 % 117,235 113,043 225,214 ABN AMRO Credit Facility LIBOR + 2.40 % 216,761 215,929 228,400 Total carrying amount 403,043 396,696 522,299
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, 2022 Financing cash flows 1 Amortization Other changes 2 As of December 31, 2022 Bank loans 3 $ 522,299 (127,816 ) 2,902 (688 ) 396,696 Office leases 4 3,285 (1,090 ) 1,743 3,938 Total 5 $ 525,584 (128,906 ) 2,902 1,054 400,634 Non-cash changes As of January 1, 2021 Financing cash flows 1 Amortization Other changes 2 As of December 31, 2021 Bank loans 3 $ 449,959 72,840 2,550 (3,049 ) 522,299 Office leases 4 4,060 (611 ) (164 ) 3,285 Total 5 $ 454,019 72,228 2,550 (3,213 ) 525,584 1 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. 2 Other changes related to bank loans for the years 2022 and 2021 represent gains on modification of debt which includes previously capitalized fees. Other changes related to office leases for 2022 represent lease liabilities assumed through the business combination (for more details see Note 16), lease modification, and foreign exchange effects during the year related to IFRS 16. Other changes related to office leases for 2021 represent foreign exchange effects during the year related to IFRS 16. 3 As of December 31, 2022, bank loans consist of current portion long-term debt of $29,626 thousand and long-term debt of $367,069 thousand. As of December 31, 2021, bank loans consist of current portion long-term debt of $9,792 thousand and long-term debt of $512,507 thousand. 4 As of December 31, 2022, office leases consist of $1,178 thousand of current liabilities and $2,760 thousand of non-current liabilities. As of December 31, 2021, office leases consist of $624 thousand of current liabilities and $2,661 thousand of non-current liabilities. The remaining balance of non-current liabilities consists of pensions, deferred tax liability, and restoration cost related to office rental in 2022 and of pensions in 2021. 5 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, 2022
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) 2022 2021 Cash and cash equivalents $ 125,948 $ 60,658 Accounts receivable and accrued revenues 59,465 30,361 Maximum credit exposure $ 185,412 $ 91,018
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, 2022 (and spot rate at December 31, 2021 for comparatives) is used as a basis for preparation. As of December 31, 2022 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 59,707 $ 384,591 $ 26,464 $ 470,761 Interest rate swaps (3,300 ) - - (3,300 ) Total $ 56,407 $ 384,591 $ 26,464 $ 467,462 As of December 31, 2021 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 24,112 $ 430,136 $ 120,724 $ 574,973 Interest rate swaps 8,929 4,961 - 13,890 Total $ 33,041 $ 435,097 $ 120,724 $ 588,863

Stockholders' equity and divi_2

Stockholders' equity and dividend payment (Tables)	12 Months Ended
	Dec. 31, 2022
Stockholders' equity and dividend payment [Abstract]
Stockholders Equity	Stockholders’ equity (Dollars in thousands, except per share data) Common stock Issued at December 31, 2020 170,798,328 Restricted stock issued 841,696 Retirement of treasury shares (5,513,254 ) Issued at December 31, 2021 166,126,770 Restricted stock issued 852,948 Retirement of treasury shares (4,326,379 ) Issued at December 31, 2022 162,653,339 Par value $ 0.01 Number of shares authorized for issue at December 31, 2022 250,000,000
Dividend Payment	Dividend payments Dividend payments as of December 31, 2022: Per share Payment date: Total payment Common February 24, 2022 $ 3.3 million $ 0.02 May 26, 2022 $ 3.3 million $ 0.02 August 30, 2022 $ 6.5 million $ 0.04 November 29, 2022 $ 6.5 million $ 0.04 Total payments as of December 31, 2022 $ 19.7 million $ 0.12 Dividend payments as of December 31, 2021: Per share Payment date: Total payment Common February 25, 2021 $ 8.6 million $ 0.05 May 26, 2021 $ 6.8 million $ 0.04 August 26, 2021 $ 3.3 million $ 0.02 November 23, 2021 $ 3.3 million $ 0.02 Total payments as of December 31, 2021 $ 22.1 million $ 0.13 Dividend payments 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 payments as of December 31, 2020 $ 214.7 million $ 1.35 Refer to Note 18 for the dividend paid after the reporting date.

Operating expenses (Tables)

Operating expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Operating expense [Abstract]
Voyage Expenses	Voyage expenses (Dollars in thousands) 2022 2021 2020 Bunkers $ 154,182 $ 72,925 $ 106,104 Other voyage related expenses 31,320 19,480 34,460 Total voyage expenses $ 185,502 $ 92,405 $ 140,564
Vessel Operating Expenses	Vessel operating expenses (Dollars in thousands) 2022 2021 2020 Operating expenses $ 67,846 $ 71,609 $ 75,944 Insurance 5,963 6,198 6,244 Total vessel operating expenses $ 73,809 $ 77,807 $ 82,188
General and Administrative Expenses	General and administrative expenses (Dollars in thousands) 2022 2021 2020 Total compensation to employees and Directors $ 11,763 $ 11,890 $ 14,163 Office and administrative expenses 3,818 3,351 2,413 Audit, legal and consultancy 1,308 1,325 1,313 Total general and administrative expenses $ 16,889 $ 16,565 $ 17,890
Stock Compensation Series	Stock compensation series Number of Vesting Fair value shares/ options Period at grant date (1) Granted January 2019, restricted shares 360,000 3 years $ 4.25 (2) Granted January 2019, restricted shares 200,000 3 years 3.04 (3) Granted March 2019, restricted shares 210,000 1 year 4.60 (4) Granted January 2020, restricted shares 460,000 3 years 8.22 (5) Granted January 2020, restricted shares 150,000 1 year 8.22 (6) Granted January 2020, restricted shares 200,000 1 year 3.56 (7) Granted January 2021, restricted shares 579,100 3 years 5.52 (8) Granted January 2021, restricted shares 175,000 1 year 5.52 (9) Granted January 2021, restricted shares 119,900 3 years 3.22 (10) Granted January 2022, restricted shares 175,000 1 year 5.38 (11) Granted January 2022, restricted shares 573,359 3 years 5.30 (12) Granted January 2022, restricted shares 124,594 3 years $ 4.29
Reconciliation of Outstanding Restricted Common Stock	The following reconciles the number of outstanding restricted common stock: Restricted common stock Outstanding at December 31, 2019 560,000 Granted 810,000 Exercised 1 550,002 Forfeited - Outstanding at December 31, 2020 819,998 Outstanding at December 31, 2020 819,998 Granted 874,000 Exercised 1 733,133 Forfeited - Outstanding at December 31, 2021 960,865 Outstanding at December 31, 2021 960,865 Granted 872,953 Exercised 1 800,723 Forfeited 149,400 Outstanding at December 31, 2022 883,695 1
Stock Compensation Expenses	Stock compensation expenses (Dollars in thousands) 2022 2021 2020 Expense recognized from stock compensation $ 4,211 $ 4,371 $ 4,792
Remuneration of Executives and Directors	Remuneration of Directors and Executives as a group: (Dollars in thousands) 2022 2021 2020 Cash compensation $ 2,648 $ 5,050 $ 3,897 Pension cost 165 219 206 Share compensation 1 3,316 3,508 4,364 Total remuneration $ 6,129 $ 8,776 $ 8,466 1
Shares held by Executives and Directors	Shares held by Directors and Executives 2022 2021 2020 Directors and Executives as a group 1 1,908,331 2,958,894 2,303,011 1
Prepaid Expenses	Prepaid expenses (Dollars in thousands) 2022 2021 Prepaid voyage expenses $ 5,678 $ 2,959 Prepaid vessel operating expenses 2,216 1,828 Other 2,655 1,375 Total prepaid expenses $ 10,550 $ 6,162

Tax (Tables)

Tax (Tables)	12 Months Ended
	Dec. 31, 2022
Tax [Abstract]
Specification of Income Tax	Specification of income tax (Dollars in thousands) 2022 2021 2020 Income tax payable $ 592 $ 378 $ 587 Tax expenses related to previous year (4 ) (27 ) 309 Change in deferred tax (1 ) 9 5 Total income tax expense $ 587 $ 360 $ 900
Specification of Temporary Differences and Deferred Tax	Specification of temporary differences and deferred tax December 31, December 31, December 31, (Dollars in thousands) 2022 2021 2020 Property, plant and equipment $ 468 $ (11 ) $ 2 Pensions (695 ) (662 ) (612 ) Total basis for deferred tax (227 ) (674 ) (610 ) Deferred tax liability(asset), net 1 $ (113 ) $ (152 ) $ (140 ) Deferred tax (asset), gross 2 (168 ) (166 ) (161 ) Deferred tax liability, gross 2 55 14 21 1 Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position. 2 Deferred tax liability is related to one of the direct and one of the indirect subsidiaries in Singapore and cannot be offset with the deferred tax asset related to the subsidiary in Norway.
Reconciliation of Income Tax Expense	Reconciliation of income tax expense (Dollars in thousands) 2022 2021 2020 Profit/(loss) before income tax $ 62,567 $ (11,147 ) $ 267,181 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 587 360 900 Total income tax expense $ 587 $ 360 $ 900

Investment in associate compa_2

Investment in associate company and business combination (Tables)	12 Months Ended
	Dec. 31, 2022
Investment in associate company and business combination [Abstract]
Investment in Associate Company	(Dollars in thousands) 2022 2021 Investment in associate company $ - $ 5,406
Share of Profit of 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 2022 2021 Profit after taxation $ 1,327 $ 1,278 Other comprehensive income for the year, net of tax $ (66 ) $ (74 ) Total comprehensive income for the year $ 1,261 $ 1,204
Assets Acquired and Liabilities Assumed	Assets acquired and liabilities assumed The preliminary fair values of the identifiable assets and liabilities of Goodwood as at the date of the acquisition were: As of May 31, 2022 (Dollars in thousands) FV recognized on acquisition ASSETS Current assets $ 9,912 Non-current assets 2,522 Total assets $ 12,433 LIABILITIES Current liabilities $ (570 ) Non-current liabilities (2,342 ) Total liabilities $ (2,912 ) TOTAL IDENTIFIABLE NET ASSETS AT FAIR VALUE $ 9,521 Previously held equity interest measured at fair value $ (6,030 ) Non-controlling interest measured at fair value (4,453 ) Goodwill arising on acquisition 1,356 PURCHASE CONSIDERATION TRANSFERRED $ 394 (Dollars in thousands) Cash flow on acquisition Net cash acquired with the subsidiary $ 8,660 Cash paid (394 ) NET CASH FLOW ON ACQUISITION $ 8,267

Condensed Financial Informati_2

Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]
Condensed Statement of Financial Position	Condensed Statement of Financial Position (Dollars in thousands) ASSETS December 31, December 31, Current assets 2022 2021 Cash and cash equivalents $ 29,601 $ 15,539 Accounts receivable and prepaid expenses 749 74 Amounts due from related parties 89,980 90,190 Total current assets $ 120,330 $ 105,803 Investments in subsidiaries $ 375,683 $ 392,489 Loan to subsidiaries 377,131 338,051 Investment in associate company - 201 Total non-current assets $ 752,814 $ 730,741 Total assets $ 873,144 $ 836,545 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable and accrued expenses $ 201 $ 447 Total current liabilities $ 201 $ 447 Stockholders’ equity Stock $ 1,627 $ 1,661 Paid-in additional capital 1,196,239 1,217,244 Accumulated deficit (324,923 ) (382,808 ) Total stockholders’ equity $ 872,943 $ 836,097 Total liabilities and stockholders’ equity $ 873,144 $ 836,545
Condensed Income Statement	Condensed Income Statement (Dollars in thousands) Year ended Year ended Year ended December 31, December 31, December 31, 2022 2021 2020 Revenues $ - $ 980 $ - Impairment charge (1,234 ) (35,149 ) (35,278 ) Dividend income 77,820 70,746 17,081 General and administrative expense (17,704 ) (17,742 ) (19,148 ) Operating income/(loss) $ 58,881 $ 18,835 $ (37,345 ) Interest income $ 18,823 $ 17,233 $ 21,434 Interest expense - - (6,766 ) Other financial (expense)/income (141 ) 26 245 Profit/(loss) for the year $ 77,563 $ 36,095 $ (22,433 )
Condensed Statement of Comprehensive Income	Condensed Statement of Comprehensive Income (Dollars in thousands) Year ended Year ended Year ended December 31, December 31, December 31, 2022 2021 2020 Profit/(loss) for the year $ 77,563 $ 36,095 $ (22,433 ) Total comprehensive income/(loss) for the period $ 77,563 $ 36,095 $ (22,433 ) Attributable to the owners $ 77,563 $ 36,095 $ (22,433 )
Condensed Statement of Cash Flow	Condensed Statement of Cash Flow (Dollars in thousands) Year ended Year ended Year ended December 31, December 31, December 31, 2022 2021 2020 Cash flows from operating activities Profit/(loss) for the year $ 77,563 $ 36,095 $ (22,433 ) Items included in net income not affecting cash flows: Amortization - - 3,250 Impairment charge 1,234 35,149 35,278 Compensation related to options and restricted stock 3,013 3,203 4,204 Changes in operating assets and liabilities: Accounts receivable and prepaid expenses (675 ) 1,604 (805 ) Accounts payable and accrued expenses (246 ) 277 (2,246 ) Amounts due to related parties (69,740 ) (6,834 ) (43,313 ) Net cash provided by/(used in) operating activities $ 11,150 $ 69,494 $ (26,063 ) Cash flows from investing activities Investments in subsidiaries $ (395 ) $ - $ - Loan to subsidiaries $ 47,744 $ (5,004 ) $ 223,550 Net cash provided by/(used in) investing activities $ 47,349 $ (5,004 ) $ 223,550 Cash flows from financing activities Cash dividends paid $ (19,679 ) $ (22,083 ) $ (214,669 ) Purchase of treasury shares (24,758 ) (32,178 ) - Net cash used in financing activities $ (44,436 ) $ (54,261 ) $ (214,669 ) Net increase/(decrease) in cash and cash equivalents $ 14,062 $ 10,229 $ (17,182 ) Cash and cash equivalents at beginning of period 15,539 5,310 22,492 Cash and cash equivalents at end of period $ 29,601 $ 15,539 $ 5,310
Profit/(Loss) Reconciliation	Profit/(loss) reconciliation Year ended Year ended Year ended December 31, December 31, December 31, (Dollars in thousands) 2022 2021 2020 Profit/(loss) of the parent company only under cost method of accounting $ 77,563 $ 36,095 $ (22,433 ) Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting (16,107 ) (47,776 ) 288,653 Profit/(loss) of the parent company only under equity method of accounting $ 61,456 $ (11,681 ) $ 266,221
Equity Reconciliation	Equity reconciliation December 31, December 31, December 31, (Dollars in thousands) 2022 2021 2020 Equity of the parent company only under cost method of accounting $ 872,943 $ 836,097 $ 850,336 Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting 294,501 310,608 358,384 Equity of the parent company only under equity method of accounting $ 1,167,444 $ 1,146,706 $ 1,208,720

General information (Details)

General information (Details)	12 Months Ended
	Dec. 31, 2022 Subsidiaries CrudeCarrier t
Disclosure of subsidiaries [abstract]
Number of subsidiaries	33
Number of wholly owned subsidiaries	29
Number of not-wholly-owned subsidiaries	4
Number of large crude carriers | CrudeCarrier	23
Total carrying capacity | t	7,152,498
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	19
Number of vessel-owning subsidiaries	17
Number of dormant subsidiaries	3
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	2
Ownership interest	53%
Percentage of ownership by subsidiary	100%
Indirect ownership interest	53%
Monegasque [Member]
Disclosure of subsidiaries [abstract]
Ownership interest	99%
Norway [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	1
India [Member]
Disclosure of subsidiaries [abstract]
Indirect ownership interest	53%

Significant accounting princi_3

Significant accounting principles (Details)	12 Months Ended
	Dec. 31, 2022 Segment
Segment Information [Abstract]
Number of operating segment	1
Bottom of Range [Member]
Investments in Associates [Abstract]
Percentage of voting rights	20%
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%
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
Exhaust Gas Cleaning Systems [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	3 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	3 years

Segment information (Details)

Segment information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Customer Vessel Segment	Dec. 31, 2021 USD ($) Vessel Customer	Dec. 31, 2020 USD ($) Vessel Customer
Operating Segments [Abstract]
Number of operating segments | Segment	1
Information About Major Customers [Abstract]
Number of vessels in operation | Vessel	23	26	27
Shipping revenues	$ 450,381	$ 295,853	$ 691,039
Number of major customers | Customer	5	5	5
Time Charters [Member]
Information About Major Customers [Abstract]
Number of vessels in operation | Vessel	5	7	18
Spot Market [Member]
Information About Major Customers [Abstract]
Number of vessels in operation | Vessel	18	19	9
Major Customer [Member]
Information About Major Customers [Abstract]
Shipping revenues	$ 223,131	$ 157,601	$ 283,042
Percentage of aggregate revenue	50%	53%	41%
Customer One [Member]
Information About Major Customers [Abstract]
Shipping revenues	$ 80,198	$ 41,418	$ 78,513
Customer Two [Member]
Information About Major Customers [Abstract]
Shipping revenues	68,829	35,154	57,777
Customer Three [Member]
Information About Major Customers [Abstract]
Shipping revenues	27,443	28,322	55,371
Customer Four [Member]
Information About Major Customers [Abstract]
Shipping revenues	26,873	26,392	53,711
Customer Five [Member]
Information About Major Customers [Abstract]
Shipping revenues	$ 19,788	$ 26,315	$ 37,670

Charter arrangements, Shipping

Charter arrangements, Shipping revenues (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues [Abstract]
Shipping revenues		$ 450,381	$ 295,853	$ 691,039
Other revenues	[1]	3,764	0	0
Total revenues		454,146	295,853	691,039
Time Charter Revenues [Member]
Revenues [Abstract]
Shipping revenues	[2]	75,790	140,730	182,663
Time Charter Revenues [Member] | IFRS 15 [Member]
Revenues [Abstract]
Total revenues		19,144	36,384	33,224
Voyage Charter Revenues [Member]
Revenues [Abstract]
Shipping revenues		$ 374,592	$ 155,124	$ 508,375
[1]Other revenues mainly relate to technical management services provided[2]Time charter revenues are presented in accordance with IFRS 16, while the portion of time charter revenues related to technical management services, equaling $19,144 thousand, $36,384 thousand and $33,224 thousand, for 2022, 2021, and 2020 respectively, is recognized in accordance with IFRS 15.

Charter arrangements, Summary o

Charter arrangements, Summary of vessel employment (Details)	12 Months Ended
	Dec. 31, 2022
DHT Mustang [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q2 2023
DHT Bronco [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Colt [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q3 2023
DHT Stallion [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Tiger [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Harrier [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q4 2024
DHT Puma [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Panther [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Osprey [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q2 2027
DHT Lion [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Leopard [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Jaguar [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Taiga [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Opal [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Sundarbans [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Redwood [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Amazon [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q2 2023
DHT Peony [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Lotus [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT China [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Europe [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Bauhinia [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Scandinavia [Member]
Vessel employment [Abstract]
Type of Employment	Spot

Charter arrangements, Future ch

Charter arrangements, Future charter payments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Charter arrangements [Abstract]
2023		$ 40,509
2024		23,359
2025		13,320
2026		12,580
2027		6,105
Thereafter		0
Net charter payments	$ 79,942	95,873	$ 79,942	$ 122,313
Other income [Abstract]
Distribution of equity received	$ 4,612
Other income		$ 0	$ 4,612	$ 0

Charter arrangements, Contract

Charter arrangements, Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Contract balances [Abstract]
Deferred shipping revenues	$ 4,172	$ 4,865	$ 16,236
Capitalized voyage expenses	2,799	1,395	1,039
Impairment losses	0	0	0
Voyage in progress at the end of December 31, 2022 [member]
Contract balances [Abstract]
Amortisation expense	1,945
Voyage in progress at the end of December 31, 2021 [Member]
Contract balances [Abstract]
Amortisation expense	$ 1,395	1,661
Voyage in progress at the end of December 31, 2020 [Member]
Contract balances [Abstract]
Amortisation expense		$ 1,039	397
Voyage in progress at the end of December 31, 2019 [Member]
Contract balances [Abstract]
Amortisation expense			$ 4,151

Charter arrangements, Additiona

Charter arrangements, Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 Vessel Counterparty	Dec. 31, 2021 Vessel Counterparty	Dec. 31, 2020 Vessel Counterparty
Concentration of Risk [Abstract]
Number of vessels	23	26	27
Number of counterparties | Counterparty	4	5	10
Time Charters [Member]
Concentration of Risk [Abstract]
Number of vessels	5	7	18
Spot Market [Member]
Concentration of Risk [Abstract]
Number of vessels	18	19	9

Earnings per share ("EPS") (Det

Earnings per share ("EPS") (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of calculation of basic EPS and diluted EPS [Abstract]
Profit/(loss) for the period used for calculation of EPS - basic		$ 61,520	$ (11,521)	$ 266,266
Interest and amortization on the convertible notes		0	0	6,766
Profit/(loss) for the period used for calculation of EPS - dilutive		$ 61,520	$ (11,521)	$ 273,032
Basic earnings per share [Abstract]
Weighted average number of shares (basic) (in shares)		164,692,954	169,089,325	155,712,886
Diluted earnings per share [Abstract]
Weighted average shares outstanding - basic (in shares)		164,692,954	169,089,325	155,712,886
Dilutive equity awards (in shares)	[1]	157,137	0	65,873
Dilutive shares related to convertible notes (in shares)		0	0	14,275,217
Weighted average shares outstanding - dilutive (in shares)		164,850,091	169,089,325	170,053,975
Antidilutive securities excluded from calculation of diluted weighted average number of shares outstanding (in shares)			77,546
[1] In 2022, 2021, and 2020, equity awards of nil 77,546 nil

Vessels and subsidiaries, Detai

Vessels and subsidiaries, Details of Vessel Subsidiaries (Details) $ in Thousands		3 Months Ended	12 Months Ended
		Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) t Subsidiaries VLCC	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Vessel Subsidiaries [Abstract]
Number of subsidiaries for management services | Subsidiaries			3
Number of VLCC's available for sale per sale agreements | VLCC			3
Proceeds from sale of vessels | $			$ 112,399	$ 87,062	$ 0
Gain on sale of vessels | $			$ 19,513	$ 15,153	$ 0
Goodwood [Member]
Vessel Subsidiaries [Abstract]
Percentage of vessel subsidiaries owned			53%
Vessel Subsidiaries [Member]
Vessel Subsidiaries [Abstract]
Percentage of vessel subsidiaries owned			100%
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 Harrier [Member]
Vessel Subsidiaries [Abstract]
Company			DHT Harrier Inc
DWT			299,985
Flag State			Hong Kong
Year Built			2016
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 Osprey [Member]
Vessel Subsidiaries [Abstract]
Company			DHT Osprey Inc
DWT			299,999
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 Taiga [Member]
Vessel Subsidiaries [Abstract]
Company			Samco Iota Ltd
DWT			314,249
Flag State			Hong Kong
Year Built			2012
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			318,123
Flag State			Hong Kong
Year Built			2012
DHT Redwood [Member]
Vessel Subsidiaries [Abstract]
Company			Samco Kappa Ltd
DWT			314,249
Flag State			Hong Kong
Year Built			2011
DHT Amazon [Member]
Vessel Subsidiaries [Abstract]
Company			Samco Eta Ltd
DWT			318,130
Flag State			RIF
Year Built			2011
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 Edelweiss [Member]
Vessel Subsidiaries [Abstract]
Company	[1]		DHT Edelweiss Inc
DWT	[1]		301,021
Flag State	[1]		Hong Kong
Year Built	[1]		2008
Gain on sale of vessels | $		$ 6,800
DHT China [Member]
Vessel Subsidiaries [Abstract]
Company			Samco Epsilon Ltd
DWT			317,794
Flag State			Hong Kong
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	[1]		DHT Hawk Inc
DWT	[1]		298,923
Flag State	[1]		Hong Kong
Year Built	[1]		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	[1]		DHT Falcon Inc
DWT	[1]		298,971
Flag State	[1]		Hong Kong
Year Built	[1]		2006
DHT Hawk, DHT Falcon and DHT Edelweiss [Member]
Vessel Subsidiaries [Abstract]
Proceeds from sale of vessels | $			$ 115,000
Gain on sale of vessels | $			$ 19,500
[1] In 2022, the Company entered into three separate agreements to sell its three 115 19.5

Vessels and subsidiaries, Vesse

Vessels and subsidiaries, Vessels (Details)	3 Months Ended		12 Months Ended
	Dec. 31, 2020 USD ($)	Sep. 30, 2020 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($) Vessel
Reconciliation of changes in property, plant and equipment [abstract]
Vessels					$ 1,261,998,000	$ 1,467,846,000
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)
Forecast [Member]
Depreciation and amortisation expense [abstract]
Depreciation expense			$ 1,144	$ 2,649
Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				2,005,945,000	2,165,604,000	2,130,204,000
Additions					86,000	68,156,000
Transferred from vessels upgrades					8,690,000	122,907,000
Disposals					(168,435,000)	(155,664,000)
Balance, end of period	2,130,204,000				2,005,945,000	2,165,604,000	$ 2,130,204,000
Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				(743,947,000)	(697,758,000)	(653,769,000)
Charge for the period					(121,738,000)	(127,743,000)
Disposals					75,549,000	83,754,000
Balance, end of period	(653,769,000)				(743,947,000)	(697,758,000)	(653,769,000)
Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				4,583,000	372,000	17,269,000
Additions					12,900,000	106,010,000
Transferred to vessels					(8,690,000)	(122,907,000)
Balance, end of period	17,269,000				4,583,000	372,000	17,269,000
Time Charter Contracts [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Vessels					0	0
Time Charter Contracts [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				0	0	6,600,000
Additions					0	0
Transferred from vessels upgrades					0	0
Disposals					0	(6,600,000)
Balance, end of period	6,600,000				0	0	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				0	0	(6,148,000)
Charge for the period					0	(452,000)
Disposals					0	6,600,000
Balance, end of period	(6,148,000)				0	0	(6,148,000)
Time Charter Contracts [Member] | Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				0	0	0
Additions					0	0
Transferred to vessels					0	0
Balance, end of period	0				$ 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%					20%
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]
Vessels					$ 1,232,380,000	1,405,420,000
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				1,907,456,000	$ 2,051,924,000	2,020,690,000
Additions					96,000	66,531,000
Transferred from vessels upgrades					1,467,000	75,417,000
Disposals					(146,031,000)	(110,713,000)
Balance, end of period	2,020,690,000				1,907,456,000	2,051,924,000	2,020,690,000
Vessels [Member] | Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				(675,077,000)	(646,504,000)	(596,709,000)
Charge for the period					(89,615,000)	(94,700,000)
Disposals					61,042,000	44,905,000
Balance, end of period	(596,709,000)				(675,077,000)	(646,504,000)	(596,709,000)
Vessels [Member] | Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				0	232,000	2,788,000
Additions					1,235,000	72,861,000
Transferred to vessels					(1,467,000)	(75,417,000)
Balance, end of period	2,788,000				0	232,000	2,788,000
Drydock [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Vessels					25,826,000	36,602,000
Drydock [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				46,617,000	54,368,000	51,843,000
Additions					(12,000)	139,000
Transferred from vessels upgrades					7,223,000	30,158,000
Disposals					(14,961,000)	(27,772,000)
Balance, end of period	51,843,000				46,617,000	54,368,000	51,843,000
Drydock [Member] | Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				(20,792,000)	(17,766,000)	(30,880,000)
Charge for the period					(11,412,000)	(13,270,000)
Disposals					8,387,000	26,383,000
Balance, end of period	(30,880,000)				(20,792,000)	(17,766,000)	(30,880,000)
Drydock [Member] | Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				2,807,000	140,000	3,265,000
Additions					9,890,000	27,033,000
Transferred to vessels					(7,223,000)	(30,158,000)
Balance, end of period	3,265,000				2,807,000	140,000	3,265,000
Scrubbers [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Vessels					3,793,000	25,824,000
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				51,871,000	59,311,000	51,071,000
Additions					3,000	1,486,000
Transferred from vessels upgrades					0	17,333,000
Disposals					(7,443,000)	(10,579,000)
Balance, end of period	51,071,000				51,871,000	59,311,000	51,071,000
Scrubbers [Member] | Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				(48,079,000)	(33,488,000)	(20,032,000)
Charge for the period					(20,710,000)	(19,322,000)
Disposals					6,119,000	5,866,000
Balance, end of period	(20,032,000)				(48,079,000)	(33,488,000)	(20,032,000)
Scrubbers [Member] | Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period				$ 1,776,000	0	11,216,000
Additions					1,776,000	6,117,000
Transferred to vessels					0	(17,333,000)
Balance, end of period	11,216,000				$ 1,776,000	$ 0	11,216,000
Exhaust Gas Cleaning Systems [Member]
Depreciation and amortisation expense [abstract]
Estimated useful life of assets					3 years
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

Vessels and subsidiaries, Pledg

Vessels and subsidiaries, Pledged assets (Details) - Vessel	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pledged assets [Abstract]
Number of vessels	23	26	27

Accounts payable and accrued _3

Accounts payable and accrued expenses (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Accounts payable and accrued expenses [Abstract]
Accounts payable		$ 14,580	$ 11,111
Accrued interest		643	510
Accrued voyage expenses		8,019	2,426
Accrued employee compensation		2,391	1,712
Other	[1]	3,764	3,903
Total accounts payable and accrued expenses	[2]	$ 29,398	$ 19,662
[1] Other includes accrued operating expenses and accrued capital expenditures.

Financial instruments, Categori

Financial instruments, Categories of financial instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Financial assets [Abstract]
Cash and cash equivalents		$ 125,948	[1],[2]	$ 60,658	[1],[2]	$ 68,641	$ 67,356
Accounts receivable and accrued revenues	[1]	59,465		30,361
Derivative financial assets, current	[3]	3,759		0
Total financial assets		189,172		91,018
Financial liabilities [Abstract]
Accounts payables and accrued expenses	[1]	29,398		19,662
Derivative financial liabilities, current	[3]	0		7,002
Current portion long-term debt	[1]	29,626		9,792
Long-term debt	[1]	367,069		512,507
Derivative financial liabilities, non-current	[3]	0		4,222
Total financial liabilities		426,094		553,184
Restricted cash		$ 316		$ 289
[1]Amortized cost.[2]Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, 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, 2022	Dec. 31, 2021
Derivatives - interest rate swaps [Abstract]
Notional amount	$ 311,590	$ 334,365
Fair value - Financial asset	3,759	0
Fair value - Financial liability	$ 0	11,224
Swap Pays 2.987% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.987%
Expiries	Apr. 20, 2023
Notional amount	$ 37,200	39,600
Fair value - Financial asset	202	0
Fair value - Financial liability	$ 0	1,173
Swap Pays 3.012%, [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.012%
Expiries	Apr. 20, 2023
Notional amount	$ 37,200	39,600
Fair value - Financial asset	200	0
Fair value - Financial liability	$ 0	1,185
Swap Pays 3.019% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.019%
Expiries	Sep. 29, 2023
Notional amount	$ 25,609	28,176
Fair value - Financial asset	365	0
Fair value - Financial liability	$ 0	1,017
Swap Pays 3.019% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.019%
Expiries	Sep. 29, 2023
Notional amount	$ 24,695	27,262
Fair value - Financial asset	351	0
Fair value - Financial liability	$ 0	982
Swap Pays 2.8665% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.8665%
Expiries	Sep. 29, 2023
Notional amount	$ 41,120	43,690
Fair value - Financial asset	629	0
Fair value - Financial liability	$ 0	1,509
Swap Pays 2.8785% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.8785%
Expiries	Jun. 30, 2023
Notional amount	$ 35,539	38,106
Fair value - Financial asset	357	0
Fair value - Financial liability	$ 0	1,162
Swap Pays 2.885% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.885%
Expiries	Sep. 29, 2023
Notional amount	$ 40,478	43,048
Fair value - Financial asset	623	0
Fair value - Financial liability	$ 0	1,504
Swap Pays 2.897% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.897%
Expiries	Sep. 30, 2023
Notional amount	$ 35,717	38,284
Fair value - Financial asset	544	0
Fair value - Financial liability	$ 0	1,339
Swap Pays 3.020% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.02%
Expiries	Sep. 29, 2023
Notional amount	$ 34,033	36,600
Fair value - Financial asset	488	0
Fair value - Financial liability	$ 0	$ 1,353

Financial instruments, Interest

Financial instruments, Interest bearing debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Nov. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	May 31, 2021	Apr. 30, 2020	Nov. 30, 2014
Interest-bearing debt [Abstract]
Remaining notional	$ 403,043
Carrying amount	396,696		$ 522,299
Credit Agricole Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	37,500
Carrying amount	$ 36,381	$ 37,500	35,002
Credit Agricole Credit Facility [Member] | SOFR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.05%	2.05%
Danish Ship Finance Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 31,547
Carrying amount	$ 31,342		33,683			$ 36,400	$ 49,400
Danish Ship Finance Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2%						2%
Nordea Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 117,235
Carrying amount	113,043		225,214		$ 316,200
Undrawn borrowing facilities	$ 144,400
Nordea Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	1.90%			1.90%
ABN AMRO Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 216,761
Carrying amount	215,929		$ 228,400
Undrawn borrowing facilities	$ 90,100
ABN AMRO Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.40%

Financial instruments, Reconcil

Financial instruments, Reconciliation of liabilities arising from financing activities (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[1]	$ 525,584	$ 454,019
Financing cash flows	[1],[2]	(128,906)	72,228
Non-cash changes [Abstract]
Amortization	[1]	2,902	2,550
Other changes	[1],[3]	1,054	(3,213)
Ending balance	[1]	400,634	525,584
Current portion long term debt	[4]	29,626	9,792
Long term debt	[4]	367,069	512,507
Other current liabilities		1,178	624
Other non-current liabilities		3,545	3,330
Bank Loans [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[5]	522,299	449,959
Financing cash flows	[2],[5]	(127,816)	72,840
Non-cash changes [Abstract]
Amortization	[5]	2,902	2,550
Other changes	[3],[5]	(688)	(3,049)
Ending balance	[5]	396,696	522,299
Current portion long term debt		29,626	9,792
Long term debt		367,069	512,507
Office Leases [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[6]	3,285	4,060
Financing cash flows	[2],[6]	(1,090)	(611)
Non-cash changes [Abstract]
Other changes	[3],[6]	1,743	(164)
Ending balance	[6]	3,938	3,285
Other current liabilities		1,178	624
Other non-current liabilities		$ 2,760	$ 2,661
[1]The reconciliation does not include interest rate swaps, which are described in Note 8.[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 related to bank loans for the years 2022 and 2021 represent gains on modification of debt which includes previously capitalized fees. Other changes related to office leases for 2022 represent lease liabilities assumed through the business combination (for more details see Note 16), lease modification, and foreign exchange effects during the year related to IFRS 16. Other changes related to office leases for 2021 represent foreign exchange effects during the year related to IFRS 16.[4]Amortized cost.[5]As of December 31, 2022, bank loans consist of current portion long-term debt of $29,626 thousand and long-term debt of $367,069 thousand. As of December 31, 2021, bank loans consist of current portion long-term debt of $9,792 thousand and long-term debt of $512,507 thousand.[6]As of December 31, 2022, office leases consist of $1,178 thousand of current liabilities and $2,760 thousand of non-current liabilities. As of December 31, 2021, office leases consist of $624 thousand of current liabilities and $2,661 thousand of non-current liabilities. The remaining balance of non-current liabilities consists of pensions, deferred tax liability, and restoration cost related to office rental in 2022 and of pensions in 2021.

Financial risk management, ob_3

Financial risk management, objectives and policies, Market risk (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Type Swap	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Market risk [Abstract]
Number of types of risk in market prices | Type	4
Number of interest rate swaps | Swap	9
Interest rate swaps total aggregate notional amount	$ 311,590	$ 334,365
Increase (decrease) in profit (loss) due to change in interest rates by fifty basis points	$ (457)	$ (981)	$ (488)

Financial risk management, ob_4

Financial risk management, objectives and policies, Credit risk (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2022 USD ($) Customer Vessel Institution Counterparty	Dec. 31, 2021 USD ($) Customer Vessel Counterparty	Dec. 31, 2020 Customer Vessel Counterparty
Credit risk [Abstract]
Number of vessels chartered with counterparties | Vessel		5	7	18
Number of vessels | Vessel		23	26	27
Number of counterparties | Counterparty		4	5	10
Number of vessels operated in spot market | Vessel		18	19	9
Number of financial institutions for holding cash | Institution		6
Number of major customers | Customer		5	5	5
Current trade receivables	[1]	$ 59,465	$ 30,361
Disclosure of maximum credit exposure [Abstract]
Cash and cash equivalents		125,948	60,658
Accounts receivable and accrued revenues		59,465	30,361
Maximum credit exposure		185,412	$ 91,018
Customer One [Member]
Credit risk [Abstract]
Current trade receivables		17,715
Customer Two [Member]
Credit risk [Abstract]
Current trade receivables		7,514
Customer Three [Member]
Credit risk [Abstract]
Current trade receivables		7,349
Customer Four [Member]
Credit risk [Abstract]
Current trade receivables		7,306
Customer Five [Member]
Credit risk [Abstract]
Current trade receivables		$ 5,576
[1]Amortized cost.

Financial risk management, ob_5

Financial risk management, objectives and policies, Liquidity risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	$ 470,761	$ 574,973
Interest rate swaps	(3,300)	13,890
Total	467,462	588,863
1 Year [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	59,707	24,112
Interest rate swaps	(3,300)	8,929
Total	56,407	33,041
2 to 5 Years [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	384,591	430,136
Interest rate swaps	0	4,961
Total	384,591	435,097
More than 5 Years [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	26,464	120,724
Interest rate swaps	0	0
Total	$ 26,464	$ 120,724

Financial risk management, ob_6

Financial risk management, objectives and policies, Credit Agricole Credit Facility (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Installment	Nov. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Credit Facility [Abstract]
Borrowing amount	$ 396,696		$ 522,299
Credit Agricole Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount	$ 36,381	$ 37,500	$ 35,002
Percentage of historical Credit Adjustment Spread (CAS)	0.0026
Number of installments for repaying debt | Installment	24
Debt repayment installment amount	$ 600
Frequency of periodic repayment	quarterly
Credit facility covenant, required adjusted tangible net worth	$ 300,000
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%
Credit facility covenant, required percentage of adjusted tangible net worth to total assets	25%
Credit facility covenant, required unencumbered consolidated cash	$ 30,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt	6%
Credit Agricole Credit Facility [Member] | SOFR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis	2.05%	2.05%
Credit Agricole Credit Facility [Member] | December 2028 [Member]
Credit Facility [Abstract]
Debt repayment final amount	$ 22,500

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, 2014 USD ($) Carrier	Dec. 31, 2022 USD ($) Installment	Dec. 31, 2021 USD ($)	Apr. 30, 2020 USD ($)
Credit Facility [Abstract]
Borrowing amount		$ 396,696	$ 522,299
Danish Ship Finance Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount	$ 49,400	$ 31,342	$ 33,683	$ 36,400
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 | Installment		10
Frequency of periodic repayment		semiannually
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%
Credit facility covenant, required percentage of adjusted tangible net worth to total assets		25%
Credit facility covenant, required unencumbered consolidated cash		$ 30,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt		6%
Danish Ship Finance Credit Facility [Member] | LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis	2%	2%

Financial risk management, ob_8

Financial risk management, objectives and policies, Nordea Credit Facility (Details) - USD ($) $ in Thousands				1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Aug. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	May 31, 2021
Credit Facility [Abstract]
Borrowing amount						$ 396,696	$ 522,299
Gain on sale of vessels						19,513	15,153	$ 0
DHT Edelweiss [Member]
Credit Facility [Abstract]
Borrowing amount		$ 37,000
Repayments of borrowings		12,200
Gain on sale of vessels					$ 6,800
Old Nordea Credit Facility [Member]
Credit Facility [Abstract]
Repayments of borrowings				$ 175,900
Nordea Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount						113,043	$ 225,214		$ 316,200
Amount subject to quarterly reductions through term of facility									60,000
Drawdown				$ 233,800
Sale and cancelled RCF tranche		$ 2,400
Maturity date				January 2027
Debt prepayment before installment term	$ 50,000		$ 23,100
Credit facility covenant, required adjusted tangible net worth						$ 300,000
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%
Credit facility covenant, required percentage of adjusted tangible net worth to total assets						25%
Credit facility covenant, required unencumbered consolidated cash						$ 30,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt						6%
Nordea Credit Facility [Member] | First Quarter of 2027 [Member]
Credit Facility [Abstract]
Uncommitted accordion						$ 250,000
Debt repayment installment amount						5,900
Debt prepayment before installment term						23,700
Debt repayment final amount						40,900
Debt repayment last installment						$ 5,200
Nordea Credit Facility [Member] | LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis				1.90%		1.90%
Term Loan [Member]
Credit Facility [Abstract]
Borrowing amount									119,800
Revolving Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount									$ 196,400

Financial risk management, ob_9

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

1 Months Ended

3 Months Ended

12 Months Ended

Jan. 31, 2023 USD ($)

May 31, 2022 USD ($)

Jun. 30, 2021 USD ($)

Mar. 31, 2021 USD ($)

Sep. 30, 2020 USD ($)

Jun. 30, 2020 USD ($)

Mar. 31, 2020 USD ($)

Apr. 30, 2018 USD ($) Carrier Newbuilding Borrower

Jun. 30, 2022 USD ($) Vessel

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Credit Facility [Abstract]

Borrowings

$ 396,696

$ 522,299

Gain on sale of vessels

19,513

$ 15,153

$ 0

ABN AMRO Credit Facility [Member]

Credit Facility [Abstract]

Borrowings

$ 306,800

$ 484,000

Number of borrowers

2

2

Number of VLCCs financed | Carrier

11

Number of newbuildings financed | Newbuilding

2

Debt prepayment before installment term

$ 42,200

$ 33,400

$ 57,800

Credit facility covenant, required adjusted tangible net worth

$ 300,000

Drawdown

$ 90,100

$ 60,000

$ 9,900

Repayments of borrowings

$ 60,000

13,300

Gain on sale of vessels

$ 12,700

Frequency of periodic repayment

quarterly

Debt repayment installment amount

$ 6,400

Debt repayment final amount

$ 178,200

ABN AMRO Credit Facility [Member] | LIBOR [Member]

Credit Facility [Abstract]

Adjustment to interest rate basis

2.40%

ABN AMRO Credit Facility [Member] | DHT Condor [Member]

Credit Facility [Abstract]

Repayments of borrowings

$ 6,100

ABN AMRO Credit Facility [Member] | DHT Hawk [Member]

Credit Facility [Abstract]

Repayments of borrowings

$ 40,000

ABN AMRO Credit Facility [Member] | DHT Falcon [Member]

Credit Facility [Abstract]

Repayments of borrowings

$ 38,000

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%

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

25%

Credit facility covenant, required unencumbered consolidated cash

$ 30,000

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

6%

Financial risk management, o_10

Financial risk management, objectives and policies, ING Credit Facility (Details) $ in Thousands		12 Months Ended
	Jan. 31, 2023 USD ($) Borrower	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Credit Facility [Abstract]
Borrowings		$ 396,696	$ 522,299
ING Credit Facility [Member]
Credit Facility [Abstract]
Frequency of periodic repayment		quarterly
ING Credit Facility [Member] | Subsequent events [Member]
Credit Facility [Abstract]
Borrowings	$ 405,000
Uncommitted incremental facility	$ 100,000
Number of borrowers | Borrower	10
Debt repayment installment amount	$ 6,300
ING Credit Facility [Member] | SOFR [Member] | Subsequent events [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis	1.90%
Percentage of historical Credit Adjustment Spread (CAS)	0.0026
ING 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%
Credit facility covenant, required adjusted tangible net worth		$ 300,000
Credit facility covenant, required percentage of adjusted tangible net worth to total assets		25%
Credit facility covenant, required unencumbered consolidated cash		$ 30,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt		6%

Stockholders' equity and divi_3

Stockholders' equity and dividend payment, Stockholders' equity (Details)	12 Months Ended
	Dec. 31, 2022 Vote $ / shares shares	Dec. 31, 2021 shares
Common Stock [Abstract]
Number of vote per common stock | Vote	1
Common Stock [Member]
Stockholders' Equity [Abstract]
Issued, Beginning balance (in shares)	166,126,770	170,798,328
Restricted stock issued (in shares)	852,948	841,696
Retirement of treasury shares (in shares)	(4,326,379)	(5,513,254)
Issued, Ending balance (in shares)	162,653,339	166,126,770
Par value (in dollars per share) | $ / shares	$ 0.01
Number of shares authorized for issue (in shares)	250,000,000

Stockholders' equity and divi_4

Stockholders' equity and dividend payment, Stock repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stock Repurchases [Abstract]
Share repurchases (in shares)	4,326,379	5,513,254	0
Aggregate consideration	$ 24,758	$ 32,178
Average price (in dollars per share)	$ 5.71	$ 5.82

Stockholders' equity and divi_5

Stockholders' equity and dividend payment, Dividend payment (Details) - USD ($) $ / shares in Units, $ in Thousands													12 Months Ended
	Nov. 29, 2022	Aug. 30, 2022	May 26, 2022	Feb. 24, 2022	Nov. 23, 2021	Aug. 26, 2021	May 26, 2021	Feb. 25, 2021	Nov. 25, 2020	Sep. 02, 2020	May 26, 2020	Feb. 25, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Dividend Payment [Abstract]
Total payment	$ 6,500	$ 6,500	$ 3,300	$ 3,300	$ 3,300	$ 3,300	$ 6,800	$ 8,600	$ 34,200	$ 82,000	$ 51,500	$ 47,000	$ 19,679	$ 22,083	$ 214,669
Per common share (in dollars per share)	$ 0.04	$ 0.04	$ 0.02	$ 0.02	$ 0.02	$ 0.02	$ 0.04	$ 0.05	$ 0.2	$ 0.48	$ 0.35	$ 0.32	$ 0.12	$ 0.13	$ 1.35

Operating expenses, Voyage Expe

Operating expenses, Voyage Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating expense [Abstract]
Bunkers	$ 154,182	$ 72,925	$ 106,104
Other voyage related expenses	31,320	19,480	34,460
Total voyage expenses	$ 185,502	$ 92,405	$ 140,564

Operating expenses, Vessel Oper

Operating expenses, Vessel Operating Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating expense [Abstract]
Operating expenses	$ 67,846	$ 71,609	$ 75,944
Insurance	5,963	6,198	6,244
Total vessel operating expenses	$ 73,809	$ 77,807	$ 82,188

Operating expenses, General and

Operating expenses, General and Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
General and Administrative Expenses [abstract]
Total compensation to employees and Directors	$ 11,763	$ 11,890	$ 14,163
Office and administrative expenses	3,818	3,351	2,413
Audit, legal and consultancy	1,308	1,325	1,313
Total general and administrative expenses	$ 16,889	$ 16,565	$ 17,890

Operating expenses, Stock Compe

Operating expenses, Stock Compensation Series (Details) - Restricted Shares [Member]	12 Months Ended
	Dec. 31, 2022 shares $ / shares
January 2019 One [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]
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]
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	$ 4.6
January 2020 One [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]
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]
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	$ 3.56
January 2021 One [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	579,100
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 5.52
January 2021 Two [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	175,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 5.52
January 2021 Three [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	119,900
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 3.22
January 2022 One [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	175,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 5.38
January 2022 Two [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	573,359
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 5.3
January 2022 Three [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) | shares	124,594
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) | $ / shares	$ 4.29

Operating expenses, Outstanding

Operating expenses, Outstanding Restricted Common Stock (Details) - shares		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted common stock [Abstract]
Outstanding beginning of period (in shares)		960,865	819,998	560,000
Granted (in shares)		872,953	874,000	810,000
Exercised (in shares)	[1]	800,723	733,133	550,002
Forfeited (in shares)		149,400	0	0
Outstanding end of period (in shares)		883,695	960,865	819,998
[1]    Does not include shares in lieu of dividends

Operating expenses, Stock Com_2

Operating expenses, Stock Compensation Expenses (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) shares $ / shares	Dec. 31, 2021 USD ($) shares $ / shares	Dec. 31, 2020 USD ($) shares $ / shares
Operating expense [Abstract]
Expense recognized from stock compensation | $	$ 4,211	$ 4,371	$ 4,792
Stock compensation expense [Abstract]
Contractual life for outstanding stock compensation series	1 year 1 month 2 days
Vesting value $8.22 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares	$ 8.22	$ 8.22	$ 8.22
Number of shares vested (in shares) | shares	122,057	435,960	32,445
Vesting value $4.25 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares	$ 4.25	$ 4.25	$ 4.25
Number of shares vested (in shares) | shares	167,431	163,764	125,649
Vesting value $5.52 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares	$ 5.52	$ 5.52
Number of shares vested (in shares) | shares	388,412	120,986
Vesting value $3.22 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares		$ 3.22
Number of shares vested (in shares) | shares		120,986
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 $5.30 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares	$ 5.3
Number of shares vested (in shares) | shares	175,048
Vesting value $4.60 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) | $ / shares			$ 4.6
Number of shares vested (in shares) | shares			235,650

Operating expenses, Valuation o

Operating expenses, Valuation of Stock Compensation (Details)		1 Months Ended		12 Months Ended
		Jan. 31, 2022 shares $ / shares	Jan. 31, 2021 shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares
Valuation of Stock Compensation [Abstract]
Number of restricted stock, forfeited (in shares)				149,400	0	0
Number of restricted stock, vested (in shares)	[1]			800,723	733,133	550,002
January 2022 [Member] | Management [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)		697,953
Number of restricted stock vesting in one year (in shares)		99,788
Number of restricted stock vesting in two years (in shares)		99,788
Number of restricted stock vesting in three years (in shares)		99,789
Number of restricted stock, forfeited (in shares)		174,331
Number of restricted stock, vesting subject to certain market conditions (in shares)		49,863
Number of shares vested, fair value (in dollars per share) | $ / shares		$ 4.29
Number of restricted stock, vested (in shares)		174,394
January 2022 [Member] | Broad of Directors [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)		175,000
January 2021 [Member] | Management [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)			699,000
Number of restricted stock vesting in one year (in shares)			153,066
Number of restricted stock vesting in two years (in shares)			50,000
Number of restricted stock vesting in three years (in shares)			103,067
Number of restricted stock vesting in four years (in shares)			103,067
Number of restricted stock, forfeited (in shares)			50,000
Number of restricted stock, vested (in shares)			239,800
January 2021 [Member] | Broad of Directors [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)			175,000
[1]    Does not include shares in lieu of dividends

Operating expenses, Compensatio

Operating expenses, Compensation of Executives and Directors (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Compensation of Directors and Executives [Abstract]
Cash compensation		$ 2,648	$ 5,050	$ 3,897
Pension cost		165	219	206
Share compensation	[1]	3,316	3,508	4,364
Total remuneration		$ 6,129	$ 8,776	$ 8,466
[1]    Share compensation reflects the expense recognized.

Operating expenses, Shares Held

Operating expenses, Shares Held by Directors and Executives (Details) - shares		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating expense [Abstract]
Number of shares held by Directors and Executives as a group (in shares)	[1]	1,908,331	2,958,894	2,303,011
Number of restricted stock subject to vesting conditions (in shares)		595,832	725,665	619,998
Period of base salary entitled to executive officer in connection with termination of employment		18 months
[1]    Includes 595,832 (2021: 725,665, 2020: 619,998) shares of restricted stock subject to vesting conditions.

Operating expenses, Prepaid Exp

Operating expenses, Prepaid Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating expense [Abstract]
Prepaid voyage expenses	$ 5,678	$ 2,959
Prepaid vessel operating expenses	2,216	1,828
Other	2,655	1,375
Total prepaid expenses	$ 10,550	$ 6,162

Bunker inventory (Details)

Bunker inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Bunker inventory [Abstract]
Bunker inventory	$ 33,069	$ 33,396

Related parties (Details)

Related parties (Details) - Goodwood [Member] - USD ($) $ in Thousands	5 Months Ended	12 Months Ended
	May 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related parties transactions [Abstract]
Ownership interest percentage	50%
Technical management fees paid	$ 1,485	$ 3,459	$ 3,310

Pensions (Details)

Pensions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Participant	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Pensions [Abstract]
Number of participants in benefit plan | Participant	13
Defined Benefit Pension Plan [Abstract]
Minimum age to be entitled to 70% of base salary at retirement date	67 years
Percentage of base salary entitled at retirement date	70%
Net liability for defined benefit pension	$ 695	$ 662	$ 612
Expected contribution towards pension plan in 2022	$ 304

Tax (Details)

Tax (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Specification of income tax [Abstract]
Income tax payable		$ 592	$ 378	$ 587
Tax expenses related to previous year		(4)	(27)	309
Change in deferred tax		(1)	9	5
Total income tax expense		587	360	900
Specification of Temporary Differences and Deferred Tax [Abstract]
Property, plant and equipment		468	(11)	2
Pensions		(695)	(662)	(612)
Total basis for deferred tax		(227)	(674)	(610)
Deferred tax liability (asset), net	[1]	(113)	(152)	(140)
Deferred tax (asset), gross	[2]	(168)	(166)	(161)
Deferred tax liability, gross	[2]	55	14	21
Reconciliation of income tax expense [Abstract]
Profit/(loss) before income tax		62,567	(11,147)	267,181
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		587	360	900
Total income tax expense		$ 587	$ 360	$ 900
Expected income tax rate		0%	0%	0%
[1] Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position. Deferred tax liability is related to one of the direct and one of the indirect subsidiaries in Singapore and cannot be offset with the deferred tax asset related to the subsidiary in Norway.

Investment in associate compa_3

Investment in associate company and business combination, Investment in Associate (Details) - USD ($) $ in Thousands	5 Months Ended	12 Months Ended
	May 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Details of Associates [Abstract]
Investment in associate company		$ 0	$ 5,406
Share of Profit of Associate Using in Equity Method [Abstract]
Profit after taxation		1,327	1,278	$ 1,193
Other comprehensive income for the year, net of tax		(66)	(74)
Total comprehensive income for the year		$ 1,261	$ 1,204
Goodwood [Member]
Details of Associates [Abstract]
Ownership interest percentage	50%		50%
Addition percentage interest acquired	3%
Ownership interest	53%

Investment in associate compa_4

Investment in associate company and business combination, Business Combination (Details) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2022 USD ($) Vessel	Dec. 31, 2022 Vessel	Dec. 31, 2021 Vessel	Dec. 31, 2020 Vessel
Business combinations [Abstract]
Number of vessels | Vessel		23	26	27
Goodwood [Member]
Business combinations [Abstract]
Additional percentage interest acquired	3%
Cash purchase price	$ 394
Number of vessels | Vessel	22
Ownership interest acquired	53%
Previously held equity interest measured at fair value	$ (6,030)
Amount of loss resulting from re-measuring previously held equity interest at fair value	$ 637

Investment in associate compa_5

Investment in associate company and business combination, Assets Acquired and Liabilities Assumed (Details) - Goodwood [Member] $ in Thousands	May 31, 2022 USD ($)
ASSETS [Abstract]
Current assets	$ 9,912
Non-current assets	2,522
Total assets	12,433
LIABILITIES [Abstract]
Current liabilities	(570)
Non-current liabilities	(2,342)
Total liabilities	(2,912)
TOTAL IDENTIFIABLE NET ASSETS AT FAIR VALUE	9,521
Previously held equity interest measured at fair value	(6,030)
Non-controlling interest measured at fair value	(4,453)
Goodwill arising on acquisition	1,356
PURCHASE CONSIDERATION TRANSFERRED	$ 394

Investment in associate compa_6

Investment in associate company and business combination, Cash Flow on Acquisition (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flow on acquisition [Abstract]
Net cash acquired with the subsidiary	$ 8,660
Cash paid	(394)
NET CASH FLOW ON ACQUISITION	$ 8,267	$ 8,267	$ 0	$ 0

Investment in associate compa_7

Investment in associate company and business combination, Impact of Acquisition (Details) - Goodwood [Member] $ in Thousands	8 Months Ended
	Dec. 31, 2022 USD ($)
Impact of Acquisition [Abstract]
Revenue contributed by acquisitions	$ 3,764
Amount of profit (loss) after tax	1,129
Total revenues if business combination had taken place at beginning of year	457,381
Increase in combined results if business combination had taken place at beginning of year	588
Combined results if business combination had taken place at beginning of year	$ 63,155

Condensed Financial Informati_3

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Summary (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
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%	25%	25%

Condensed Financial Informati_4

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Condensed Statement of Financial Position (Details) - USD ($) $ in Thousands		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Current assets [Abstract]
Cash and cash equivalents		$ 125,948	[1],[2]	$ 60,658	[1],[2]	$ 68,641	$ 67,356
Total current assets		235,589		131,972
Investment in associate company		0		5,406
Total non-current assets		1,272,885		1,477,391
Total assets		1,508,474		1,609,362
Current liabilities [Abstract]
Accounts payable and accrued expenses	[1]	29,398		19,662
Total current liabilities		64,374		41,944
Non-current liabilities [Abstract]
Long-term debt	[1]	367,069		512,507
Total non-current liabilities		370,614		520,059
Total liabilities		434,988		562,003
Stockholders' equity [Abstract]
Stock		1,627		1,661
Paid-in additional capital		1,243,754		1,264,000
Accumulated deficit		(180,664)		(222,405)
Total equity		1,073,486		1,047,359		1,108,940	932,449
Total liabilities and equity		1,508,474		1,609,362
Parent Company [Member]
Current assets [Abstract]
Cash and cash equivalents		29,601		15,539		$ 5,310	$ 22,492
Accounts receivable and prepaid expenses		749		74
Amounts due from related parties		89,980		90,190
Total current assets		120,330		105,803
Investments in subsidiaries		375,683		392,489
Loan to subsidiaries		377,131		338,051
Investment in associate company		0		201
Total non-current assets		752,814		730,741
Total assets		873,144		836,545
Current liabilities [Abstract]
Accounts payable and accrued expenses		201		447
Total current liabilities		201		447
Stockholders' equity [Abstract]
Stock		1,627		1,661
Paid-in additional capital		1,196,239		1,217,244
Accumulated deficit		(324,923)		(382,808)
Total equity		872,943		836,097
Total liabilities and equity		$ 873,144		$ 836,545
[1]Amortized cost.[2]Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, including employee withholding tax.

Condensed Financial Informati_5

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Condensed Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Income Statement [abstract]
Revenues	$ 454,146	$ 295,853	$ 691,039
Impairment charge	0	0	(12,560)
General and administrative expense	(16,889)	(16,565)	(17,890)
Operating income/(loss)	74,204	202	313,591
Interest income	1,076	6	212
Interest expense	(26,197)	(25,727)	(38,408)
Other financial (expense)/income	(2,826)	645	(1,334)
Profit/(loss) for the year	61,979	(11,507)	266,281
Parent Company [Member]
Condensed Income Statement [abstract]
Revenues	0	980	0
Impairment charge	(1,234)	(35,149)	(35,278)
Dividend income	77,820	70,746	17,081
General and administrative expense	(17,704)	(17,742)	(19,148)
Operating income/(loss)	58,881	18,835	(37,345)
Interest income	18,823	17,233	21,434
Interest expense	0	0	(6,766)
Other financial (expense)/income	(141)	26	245
Profit/(loss) for the year	$ 77,563	$ 36,095	$ (22,433)

Condensed Financial Informati_6

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Condensed Statement of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	$ 61,979	$ (11,507)	$ 266,281
Total comprehensive income/(loss) for the period	61,979	(11,667)	266,235
Attributable to the owners of parent	61,456	(11,681)	266,221
Parent Company [Member]
Condensed Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	77,563	36,095	(22,433)
Total comprehensive income/(loss) for the period	77,563	36,095	(22,433)
Attributable to the owners of parent	$ 77,563	$ 36,095	$ (22,433)

Condensed Financial Informati_7

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Condensed Statement of Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Cash flows from operating activities [Abstract]
Profit/(loss) for the year	$ 61,979		$ (11,507)		$ 266,281
Items included in net income not affecting cash flows [Abstract]
Impairment charge	0		0		12,560
Compensation related to options and restricted stock	4,133		4,347		5,106
Changes in operating assets and liabilities [Abstract]
Accounts payable and accrued expenses	5,573		1,510		(6,914)
Net cash provided by/(used in) operating activities	127,906		60,562		529,870
Cash flows from investing activities [Abstract]
Net cash provided by/(used in) investing activities	110,518		(86,512)		(26,717)
Cash flows from financing activities [Abstract]
Cash dividends paid	(19,679)		(22,083)		(214,669)
Purchase of treasury shares	(24,758)		(32,178)		0
Net cash provided by/(used in) financing activities	(173,343)		17,967		(501,868)
Net (decrease)/increase in cash and cash equivalents	65,081		(7,983)		1,285
Cash and cash equivalents at beginning of period	60,658	[1],[2]	68,641		67,356
Cash and cash equivalents at end of period	125,948	[1],[2]	60,658	[1],[2]	68,641
Parent Company [Member]
Cash flows from operating activities [Abstract]
Profit/(loss) for the year	77,563		36,095		(22,433)
Items included in net income not affecting cash flows [Abstract]
Amortization	0		0		3,250
Impairment charge	1,234		35,149		35,278
Compensation related to options and restricted stock	3,013		3,203		4,204
Changes in operating assets and liabilities [Abstract]
Accounts receivable and prepaid expenses	(675)		1,604		(805)
Accounts payable and accrued expenses	(246)		277		(2,246)
Amounts due to related parties	(69,740)		(6,834)		(43,313)
Net cash provided by/(used in) operating activities	11,150		69,494		(26,063)
Cash flows from investing activities [Abstract]
Investments in subsidiaries	(395)		0		0
Loan to subsidiaries	47,744		(5,004)		223,550
Net cash provided by/(used in) investing activities	47,349		(5,004)		223,550
Cash flows from financing activities [Abstract]
Cash dividends paid	(19,679)		(22,083)		(214,669)
Purchase of treasury shares	(24,758)		(32,178)		0
Net cash provided by/(used in) financing activities	(44,436)		(54,261)		(214,669)
Net (decrease)/increase in cash and cash equivalents	14,062		10,229		(17,182)
Cash and cash equivalents at beginning of period	15,539		5,310		22,492
Cash and cash equivalents at end of period	$ 29,601		$ 15,539		$ 5,310
[1]Amortized cost.[2]Cash and cash equivalents include $316 thousand in restricted cash in 2022 and $289 thousand in 2021, 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, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit/(loss) reconciliation [Abstract]
Profit/(loss) of the parent company only under cost method of accounting	$ 77,563	$ 36,095	$ (22,433)
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting	(16,107)	(47,776)	288,653
Profit/(loss) of the parent company only under equity method of accounting	$ 61,456	$ (11,681)	$ 266,221

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, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity reconciliation [Abstract]
Equity of the parent company only under cost method of accounting	$ 872,943	$ 836,097	$ 850,336
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting	294,501	310,608	358,384
Equity of the parent company only under equity method of accounting	1,167,444	1,146,706	1,208,720
Dividend income from subsidiaries	$ 72,700	$ 69,500	$ 15,000

Events after the reporting da_2

Events after the reporting date (Details)			1 Months Ended		3 Months Ended
	Feb. 08, 2023 $ / shares	Jan. 31, 2023 USD ($)	Feb. 28, 2023 USD ($)	Jan. 31, 2023 USD ($) shares $ / shares Swap VLCC	Mar. 23, 2023 Vessel	Feb. 24, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Credit Facility [Abstract]
Borrowing amount | $							$ 396,696,000	$ 522,299,000
Share Transactions [Member]
Restricted Shares [Abstract]
Number of shares, awarded (in shares) | shares				300,000
Number of shares, vesting in year one (in shares) | shares				67,500
Number of shares, vesting in year two (in shares) | shares				67,500
Number of shares, vesting in year three (in shares) | shares				48,750
Number of shares, vesting in year four (in shares) | shares				67,500
Number of shares, vesting subject to certain market conditions (in shares) | shares				48,750
Number of shares, vesting in year one to four (in shares) | shares				251,250
Estimated fair value of share at grant date subject to certain market conditions (in dollars per share) | $ / shares				$ 8.25
Estimated fair value of share at grant date (in dollars per share) | $ / shares				$ 6.72
Share Transactions [Member] | Board of Directors [Member]
Restricted Shares [Abstract]
Number of shares, awarded (in shares) | $ / shares				135,000
Estimated fair value of share at grant date (in dollars per share) | $ / shares				$ 8.25
Dividend Declared for Q1 [Member]
Dividend [Abstract]
Dividend declare date	Feb. 08, 2023
Dividend declared (in dollars per share) | $ / shares	$ 0.38
Dividends payable date	Feb. 24, 2023
Dividend record date	Feb. 17, 2023
Total dividend payment | $						$ 61,900,000
Subsequent Events [Member]
Interest Rate Swaps [Abstract]
Number of interest rate swaps terminated | Swap				7
Proceeds from termination of interest rate swaps | $				$ 3,300,000
Vessels [Abstract]
Number of vessels completed with installation of exhaust gas cleaning systems | Vessel					4
Number of vessels in shipyard | Vessel					1
Number of remaining vessels planned to enter shipyard | Vessel					3
Subsequent Events [Member] | DHT Puma [Member]
Time Charter [Abstract]
Time charter contract period			3 years
Time charterer's option period			1 year
Time charter base rate | $			$ 33,500
Maximum time charter earnings amount | $			$ 40,000
Subsequent Events [Member] | ING Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount | $		$ 405,000,000		405,000,000
Uncommitted incremental facility | $		$ 100,000,000		$ 100,000,000
Number of VLCCs financed | VLCC				10
Credit facility tenor				6 years
Credit facility repayment period				20 years
Subsequent Events [Member] | SOFR [Member] | ING Credit Facility [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis		1.90%		1.90%
Percentage of historical Credit Adjustment Spread (CAS)		0.0026
Subsequent Events [Member] | LIBOR [Member] | ING Credit Facility [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis		1.64%		1.64%