DHT (DHT) 6-K 6 Nov 23 DHT Holdings, Inc. Third Quarter 2023 Results Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Current Fiscal Year End Date	--12-31
Entity Registrant Name	DHT Holdings, Inc.
Entity Central Index Key	0001331284

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 73,920	$ 125,948
Accounts receivable and accrued revenues	55,684	59,465
Capitalized voyage expenses	2,817	2,799
Prepaid expenses	9,023	10,550
Derivative financial assets	0	3,759
Bunker inventory	37,783	33,069
Total current assets	179,227	235,589
Non-current assets
Vessels	1,311,892	1,261,998
Advances for vessel upgrades	15	4,583
Other property, plant and equipment	4,985	4,949
Goodwill	1,356	1,356
Total non-current assets	1,318,247	1,272,885
TOTAL ASSETS	1,497,474	1,508,474
Current liabilities
Accounts payable and accrued expenses	25,111	29,398
Current portion long-term debt	47,933	29,626
Other current liabilities	1,317	1,178
Deferred shipping revenues	4,394	4,172
Total current liabilities	78,754	64,374
Non-current liabilities
Long-term debt	388,647	367,069
Other non-current liabilities	3,557	3,545
Total non-current liabilities	392,203	370,614
TOTAL LIABILITIES	470,958	434,988
Equity
Common stock at par value	1,610	1,627
Additional paid-in capital	1,228,037	1,243,754
Accumulated deficit	(210,754)	(180,664)
Translation differences	69	138
Other reserves	3,132	3,623
Total equity attributable to the Company	1,022,095	1,068,478
Non-controlling interest	4,421	5,008
Total equity	1,026,516	1,073,486
TOTAL LIABILITIES AND EQUITY	$ 1,497,474	$ 1,508,474

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) [Abstract]
Shipping revenues		$ 130,322	$ 108,227	$ 413,783	$ 283,860
Other revenues	[1]	1,243	1,711	3,397	2,392
Total revenues		131,565	109,938	417,180	286,251
Gain on sale of vessels		0	6,829	0	19,513
Operating expenses
Voyage expenses		(41,235)	(52,882)	(117,896)	(135,721)
Vessel operating expenses		(18,608)	(17,578)	(56,711)	(53,873)
Depreciation and amortization		(28,326)	(30,198)	(80,427)	(95,563)
General and administrative expenses		(4,303)	(3,867)	(13,455)	(14,125)
Total operating expenses		(92,472)	(104,525)	(268,490)	(299,282)
Operating (loss)/ income		39,093	12,242	148,691	6,482
Share of profit from associated companies		0	0	0	1,327
Interest income		1,213	80	3,577	191
Interest expense		(8,789)	(6,938)	(23,868)	(19,735)
Fair value gain/(loss) on derivative financial liabilities		0	2,788	(504)	14,927
Other financial (expense)/income		(413)	(469)	(1,385)	(2,555)
Profit/(loss) before tax		31,104	7,703	126,512	637
Income tax expense		(137)	(246)	(422)	(477)
Profit/(loss) after tax		30,967	7,457	126,089	161
Attributable to owners of non-controlling interest		208	425	97	665
Attributable to the owners of parent		$ 30,759	$ 7,031	$ 125,993	$ (505)
Basic earnings/(loss) per share (in dollars per share)		$ 0.19	$ 0.04	$ 0.77	$ 0
Diluted earnings/(loss) per share (in dollars per share)		$ 0.19	$ 0.04	$ 0.77	$ 0
Weighted average number of shares (basic) (in shares)		161,735,939	162,867,756	162,575,803	165,380,297
Weighted average number of shares (diluted) (in shares)		161,902,025	163,058,844	162,743,441	165,380,297
[1] Other revenues mainly relate to technical management services provided.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Profit/(loss) after tax	$ 30,967	$ 7,457	$ 126,089	$ 161
Items that may be reclassified subsequently to income statement:
Exchange gain/(loss) on translation of foreign currency denominated associate and subsidiary	(106)	(324)	(163)	(536)
Total	(106)	(324)	(163)	(536)
Other comprehensive income/(loss)	(106)	(324)	(163)	(536)
Total comprehensive income/(loss) for the period	30,861	7,132	125,927	(375)
Attributable to the owners of non-controlling interest	156	273	3	442
Attributable to the owners of parent	$ 30,705	$ 6,859	$ 125,924	$ (818)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CASH FLOW FROM OPERATING ACTIVITIES
Profit/(loss) after tax	$ 30,967	$ 7,457	$ 126,089	$ 161
Items included in net income not affecting cash flows	29,706	22,074	85,050	66,204
Depreciation and amortization	28,326	30,198	80,427	95,563
Amortization of deferred debt issuance cost	664	930	2,222	2,278
(Gain) / loss, disposal of property, plant and equipment	8	0	18	0
(Gain) / loss, sale of vessels	0	(6,829)	0	(19,513)
Fair value (gain)/loss on derivative financial instruments	0	(2,788)	504	(14,927)
Impairment of equity accounted investment	0	0	0	637
Compensation related to options and restricted stock	716	575	2,583	3,525
Net foreign exchange differences	(9)	(11)	(11)	(31)
(Gain) / loss modification of debt	0	0	(693)	0
Share of profit in associated companies	0	0	0	(1,327)
Income adjusted for non-cash items	60,672	29,531	211,139	66,365
Changes in operating assets and liabilities	(4,949)	(24,052)	(1,995)	(28,719)
Accounts receivable and accrued revenues	1,147	(25,203)	3,781	(19,675)
Capitalized voyage expenses	(625)	(1,237)	(18)	(2,327)
Prepaid expenses	1,264	1,585	1,527	(3,494)
Accounts payable and accrued expenses	(2,214)	(4,880)	(2,639)	1,506
Deferred shipping revenues	(1,116)	(244)	222	(1,809)
Bunker inventory	(3,425)	5,916	(4,715)	(2,955)
Pension liability	21	12	(152)	35
Net cash provided by operating activities	55,723	5,479	209,144	37,647
CASH FLOW FROM INVESTING ACTIVITIES
Investment in vessels	(92,943)	(2,293)	(125,897)	(9,177)
Proceeds from sale of vessels	0	36,987	0	113,165
Investment in subsidiaries	0	0	0	(2)
Acquisition of subsidiary, net of cash paid	0	0	0	8,267
Investment in other property, plant and equipment	(89)	(92)	(134)	(97)
Net cash (used in)/provided by investing activities	(93,032)	34,602	(126,031)	112,156
CASH FLOW FROM FINANCING ACTIVITIES
Cash dividends paid	(56,661)	(6,506)	(156,082)	(13,172)
Dividends paid to non-controlling interests	0	0	(590)	0
Repayment principal element of lease liability	(346)	(356)	(1,082)	(730)
Issuance of long-term debt	99,492	0	315,684	0
Purchase of treasury shares	(9,942)	(8,824)	(18,808)	(24,758)
Proceeds from sale of derivatives	0	0	3,256	0
Scheduled repayment of long-term debt	(6,875)	(1,926)	(15,588)	(6,990)
Prepayment of long-term debt	(45,000)	(50,000)	(45,000)	(73,125)
Repayment of long-term debt refinancing	0	0	(216,761)	0
Repayment of long-term debt, sale of vessels	0	(12,225)	0	(25,531)
Net cash used in financing activities	(19,331)	(79,837)	(134,971)	(144,307)
Net increase/(decrease) in cash and cash equivalents	(56,640)	(39,756)	(51,859)	5,495
Net foreign exchange difference	(90)	(314)	(169)	(445)
Cash and cash equivalents at beginning of period	130,649	105,778	125,948	60,658
Cash and cash equivalents at end of period	73,920	65,708	73,920	65,708
Specification of items included in operating activities:
Interest paid	7,324	5,148	20,561	16,424
Interest received	$ 367	$ 80	$ 3,221	$ 191

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - 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, 2021	$ 1,047,359	$ 1,661	$ 1,264,000	$ 0	$ (222,405)	$ 101	$ 3,968	$ 34
Balance (in shares) at Dec. 31, 2021		166,126,770
Changes in equity
Profit/(loss) after tax	161				(505)			665
Other comprehensive income/(loss)	(536)				0	(313)		(223)
Total comprehensive income/(loss) for the period	(375)				(505)	(313)		442
Cash dividends declared and paid	(13,172)				(13,172)
Purchase of treasury shares	(24,758)			(24,758)
Adjustment related to non-controlling interest	4,452							4,452
Retirement of treasury shares	0	$ (43)	(24,715)	24,758
Retirement of treasury shares (in shares)		(4,326,379)
Compensation related to options and restricted stock	3,525	$ 9	4,362				(846)
Compensation related to options and restricted stock (in shares)		852,948
Balance at Sep. 30, 2022	1,017,030	$ 1,627	1,243,647	0	(236,082)	(212)	3,123	4,928
Balance (in shares) at Sep. 30, 2022		162,653,339
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
Changes in equity
Profit/(loss) after tax	126,089				125,993			97
Other comprehensive income/(loss)	(163)				0	(69)		(94)
Total comprehensive income/(loss) for the period	125,927				125,993	(69)		3
Cash dividends declared and paid	(156,672)				(156,082)			(590)
Purchase of treasury shares	(18,808)			(18,808)
Adjustment related to non-controlling interest	0
Retirement of treasury shares	0	$ (22)	(18,786)	18,808
Retirement of treasury shares (in shares)		(2,209,927)
Compensation related to options and restricted stock	2,583	$ 6	3,069				(491)
Compensation related to options and restricted stock (in shares)		556,130
Balance at Sep. 30, 2023	$ 1,026,516	$ 1,610	$ 1,228,037	$ 0	$ (210,754)	$ 69	$ 3,132	$ 4,421
Balance (in shares) at Sep. 30, 2023		160,999,542

General information

General information	9 Months Ended
	Sep. 30, 2023
General information [Abstract]
General information	Note 1 – General information DHT Holdings, Inc. (“DHT” or the “Company”) is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company’s principal executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The Company is engaged in the ownership and operation of a fleet of crude oil carriers. The unaudited interim condensed consolidated financial statements were approved by the Company’s Board of Directors (the “Board”) on November 3, 2023 and authorized for issue on November 6, 2023.

General accounting principles

General accounting principles	9 Months Ended
	Sep. 30, 2023
General accounting principles [Abstract]
General accounting principles	Note 2 – General accounting principles The interim condensed consolidated financial statements do not include all information and disclosures required in the annual financial statements and should be read in conjunction with DHT’s audited consolidated financial statements included in its Annual Report on Form 20-F for 2022. The interim results are not necessarily indicative of the results for the entire year or for any future periods. The interim condensed consolidated financial statements have been prepared in accordance with IAS 34 “Interim Financial Reporting” as issued by the International Accounting Standards Board (“IASB”). The interim condensed consolidated financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. The accounting policies applied in these condensed consolidated interim financial statements are consistent with those presented in the 2022 audited consolidated financial statements. These interim condensed consolidated financial statements have been prepared on a going concern basis. Application of new and revised International Financial Reporting Standards (“IFRSs”) New and amended standards and interpretations that are issued are disclosed below. o Amendments to IAS 1 Classification of Liabilities as Current or Non-current These amendments are effective for annual periods beginning on or after January 1, 2024. The Company has not early adopted the amendments and the Company does not expect the amendments to have any impact on the presentation of the Company’s consolidated financial statements and disclosures when the amendments become effective. o Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors The Company has adopted the amendments to IAS 8, effective for annual periods beginning on or after January 1, 2023. These amendments have no impact on the interim condensed consolidated financial statements. o Disclosure of Accounting Policies – Amendments to IAS 1 and IFRS Practice Statement 2 The Company will adopt the amendments to IAS 1 and IFRS Practice Statement 2, effective for annual periods beginning on or after January 1, 2023. These amendments have no impact on the interim condensed consolidated financial statements.

Segment reporting

Segment reporting	9 Months Ended
	Sep. 30, 2023
Segment reporting [Abstract]
Segment reporting	Note 3 – Segment reporting DHT’s primary business is owning and operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. Management organizes and manages the entity as the magnitude of services provided. The Company’s Chief Operating Decision Maker (“CODM”), being 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. The below table details the Company’s total revenues: $ in thousands Q3 2023 Q3 2022 9M 2023 9M 2022 Time charter revenues 1 17,859 19,884 58,339 57,208 Voyage charter revenues 112,464 88,343 355,444 226,651 Shipping revenues 130,322 108,227 413,783 283,860 Other revenues 2 1,243 1,711 3,397 2,392 Total revenues 131,565 109,938 417,180 286,251 1 Time charter revenues is presented in accordance with IFRS 16 Leases, while the portion of time charter revenues related to technical management services, equaling $4.3 million in the third quarter of 2023, $4.7 million in the third quarter of 2022, $15.1 million in the first nine months of 2023 and in the first nine months of 2022 is recognized in accordance with IFRS 15 Revenue from Contracts with Customers. 2 Other revenues mainly relate to technical management services provided. As of September 30, 2023, the Company had 24 vessels in operation; four vessels were on time charters and 20 vessels operating in the spot market. Information about major customers: For the period from July 1, 2023, to September 30, 2023, five customers represented $34.3 million, $17.8 million, $13.1 million, $10.0 million, and $8.4 million, respectively, of the Company’s shipping revenues. The five customers in aggregate represented $83.6 million, equal to 64 percent of the shipping revenues of $130.3 million for the period from July 1, 2023, to September 30, 2023. For the period from January 1, 2023, to September 30, 2023, five customers represented $64.9 million, $60.8 million, $59.9 million, $38.2 million, and $29.4 million, respectively, of the Company’s total revenues. The five customers in aggregate represented $253.3 million, equal to 61 percent of the total revenue of $413.8 million for the period from January 1, 2023, to September 30, 2023. For the period from July 1, 2022, to September 30, 2022, five customers represented $13.5 million, $12.8 million, $10.9 million, $10.9 million, and $6.5 million, respectively, of the Company’s total revenues. The five customers in aggregate represented $54.6 million, equal to 50 percent of the total revenue of $108.2 million for the period from July 1, 2022, to September 30, 2022. For the period from January 1, 2022, to September 30, 2022, five customers represented $42.4 million, $39.0 million, $23.5 million, $19.1 million, and $17.1 million, respectively, of the Company’s total revenues. The five customers in aggregate represented $141.1 million, equal to 50 percent of the total revenue of $283.9 million for the period from January 1, 2022, to September 30, 2022.

Interest bearing debt

Interest bearing debt	9 Months Ended
	Sep. 30, 2023
Interest bearing debt [Abstract]
Interest bearing debt	Note 4 – Interest bearing debt As of September 30, 2023, DHT had interest bearing debt totaling $436.6 million. Scheduled debt repayments Interest Q4 $ in thousands rate 2023 2024 2025 Thereafter Total Credit Agricole Credit Facility SOFR + 2.05 % 625 2,500 2,500 30,000 35,625 Danish Ship Finance Credit Facility 1 LIBOR + 2.00 % 1,213 2,427 26,693 - 30,333 ING Credit Facility 2 SOFR + 1.90 % 6,250 25,000 25,000 161,150 217,400 ING Credit Facility SOFR + 1.80 % 750 3,000 3,000 38,250 45,000 Nordea Credit Facility 3 SOFR + CAS 4 % - 23,715 23,715 69,806 117,235 Total 8,838 56,641 80,908 299,206 445,594 Unamortized upfront fees bank loans (9,014 ) Total interest bearing debt 436,579 1 2 3 4 ING Credit Facility In January 2023, the Company entered into a new $405 million secured credit facility, including a $100 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. Borrowings bear interest at a rate equal to SOFR plus a margin of 1.90% and is repayable in quarterly installments of $6.3 million with maturity in January 2029 In the third quarter of 2023, the Company drew down $55 million under the revolving credit facility, which was applied towards the delivery of DHT Appaloosa and general corporate purposes. Further, the Company entered into a $45 million senior secured credit facility under the incremental facility, with ING, Nordea, ABN AMRO, Danish Ship Finance and SEB, as lenders, one wholly owned special-purpose vessel-owning subsidiary as borrower, and DHT Holdings, Inc., as guarantor. Borrowings bear interest at a rate equal to SOFR plus a margin of 1.80% and is repayable in quarterly installments of $0.75 million with maturity in January 2029 Credit Agricole Credit Facility The credit facility is repayable in quarterly installments of $0.6 million with final payment of $22.5 million in addition to the last installment in December 2028. Danish Ship Finance Credit Facility The credit facility is repayable in semiannual installments of $1.2 million and a final payment of $24.3 million in addition to the last installment in November 2025. Nordea Credit Facility All regular installments have been prepaid through 2023. The credit facility is repayable in quarterly installments of $5.9 million from the first quarter of 2024, with the 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 “accordion” of $250 million. In June 2023, we entered into an amended and restatement agreement in relation to the LIBOR cessation. The credit facility bear interest at a rate equal to SOFR plus CAS plus a margin of 1.90%. Covenant compliance The Company’s financial covenants as of September 30, 2023, are summarized as follows: ING Credit Agricole Danish Ship Finance Nordea Credit Facility Credit Facility Credit Facility Credit Facility Security 11 VLCCs 1 VLCC 1 VLCC 11 VLCCs Charter free market value of vessels that secure facility must be no less than 135% of borrowings 135% of borrowings 135% of borrowings 135% of borrowings Value adjusted* tangible net worth $300 million and 25% of value adjusted total assets $300 million and 25% of value adjusted total assets $300 million and 25% of value adjusted total assets $300 million and 25% of value adjusted total assets Unencumbered cash of at least Higher of $30 million or 6% of gross interest bearing debt Higher of $30 million or 6% of gross interest bearing debt Higher of $30 million or 6% of gross interest bearing debt Higher of $30 million or 6% of gross interest bearing debt Guarantor DHT Holdings, Inc. DHT Holdings, Inc. DHT Holdings, Inc. DHT Holdings, Inc. *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 a broker approved by the financial institution) As of September 30, 2023, the Company was in compliance with its financial covenants.

Vessels

Vessels	9 Months Ended
	Sep. 30, 2023
Vessels [Abstract]
Vessels	Note 5 – Vessels The carrying values of the 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. Vessels Cost of Vessels $ in thousands At January 1, 2023 1,997,196 Transferred from vessels upgrades 128,791 Retirement 1 (9,040 ) At September 30, 2023 2,116,946 Depreciation and amortization $ in thousands At January 1, 2023 735,198 Depreciation and amortization 2 78,897 Retirement 1 (9,040 ) At September 30, 2023 805,055 Carrying Amount $ in thousands At January 1, 2023 1,261,998 At September 30, 2023 1,311,892 1 2 Advances for vessel and vessel upgrades Cost of advances for vessel and vessel upgrades relates to prepaid drydocking. Cost of advances of vessel and vessel upgrades $ in thousands At January 1, 2023 4,583 Additions 124,223 Transferred to vessels (128,791 ) At September 30, 2023 15

Stockholders' equity and divide

Stockholders' equity and dividend payment	9 Months Ended
	Sep. 30, 2023
Stockholders' equity and dividend payment [Abstract]
Stockholders' equity and dividend payment	Note 6 – Stockholders’ equity and dividend payment Common stock Issued at September 30 2023 160,999,542 Numbers of shares authorized for issue at September 30 2023 250,000,000 Par value $ 0.01 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 the third quarter of 2023, the Company purchased 1,137,583 of its own shares in the open market for an aggregate consideration of $9.9 million, at an average price of $8.72. In the second quarter of 2023, the Company purchased 1,072,344 of its own shares in the open market for an aggregate consideration of $8.8 million, at an average price of $8.25 per share. All shares were retired upon receipt. In the third quarter of 2022, the Company purchased 1,499,608 of its own shares in the open market for an aggregate consideration of $8.8 million, at an average price of $5.87. In the second quarter of 2022, the Company purchased 2,826,771 of its own shares in the open market for an aggregate consideration of $15.9 million, at an average price of $5.63 per share. All shares were retired upon receipt. Dividend payments Dividend payment made year-to-date as of September 30, 2023: Payment date $ in thousands, except per common share Total payment Per common share August 30, 2023 $ 56,661 $ 0.35 May 25, 2023 $ 37,487 $ 0.23 February 24, 2023 $ 61,935 $ 0.38 Total payment made year-to-date as of September 30, 2023 $ 156,082 $ 0.96 Dividend payments made during 2022: Payment date $ in thousands, except per common share Total payment Per common share November 29, 2022 $ 6,506 $ 0.04 August 30, 2022 $ 6,506 $ 0.04 May 26, 2022 $ 3,336 $ 0.02 February 24, 2022 $ 3,330 $ 0.02 Total payments made during 2022 $ 19,679 $ 0.12

Accounts receivable and accrued

Accounts receivable and accrued revenues	9 Months Ended
	Sep. 30, 2023
Accounts receivable and accrued revenues [Abstract]
Accounts receivable and accrued revenues	Note 7 – Accounts receivable and accrued revenues As of September 30, 2023, $55.7 million, consisting mainly of accounts receivable with no material amounts overdue, was recognized as accounts receivable and accrued revenues in the interim condensed consolidated statement of financial position, compared to $59.5 million as of December 31, 2022.

Deferred shipping revenues

Deferred shipping revenues	9 Months Ended
	Sep. 30, 2023
Deferred shipping revenues [Abstract]
Deferred shipping revenues	Note 8 – Deferred shipping revenues Deferred shipping revenues relate to charter hire payments paid in advance. As of September 30, 2023, $4.4 million was recognized as deferred shipping revenues in the interim condensed consolidated statement of financial position, compared to $4.2 million as of December 31, 2022.

Financial risk management, obje

Financial risk management, objectives, and policies	9 Months Ended
	Sep. 30, 2023
Financial risk management, objectives and policies [Abstract]
Financial risk management, objectives and policies	Note 9 – Note 9 in the 2022 annual report on Form 20-F provides for details of financial risk management objectives and policies. The Company’s principal financial liability consists of long-term debt with the main purpose being to partly finance the Company’s assets and 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.

Subsequent events

Subsequent events	9 Months Ended
	Sep. 30, 2023
Subsequent events [Abstract]
Subsequent events	Note 10 – Subsequent events On November 6, 2023, the Board approved a dividend of $0.19 per common share related to the third quarter of 2023 to be paid on November 28, 2023, for shareholders of record as of November 21, 2023.

General accounting principles (

General accounting principles (Policies)	9 Months Ended
	Sep. 30, 2023
General accounting principles [Abstract]
Statement of compliance	The interim condensed consolidated financial statements have been prepared in accordance with IAS 34 “Interim Financial Reporting” as issued by the International Accounting Standards Board (“IASB”).
Basis of preparation	The interim condensed consolidated financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. The accounting policies applied in these condensed consolidated interim financial statements are consistent with those presented in the 2022 audited consolidated financial statements.
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 that are issued are disclosed below. o Amendments to IAS 1 Classification of Liabilities as Current or Non-current These amendments are effective for annual periods beginning on or after January 1, 2024. The Company has not early adopted the amendments and the Company does not expect the amendments to have any impact on the presentation of the Company’s consolidated financial statements and disclosures when the amendments become effective. o Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors The Company has adopted the amendments to IAS 8, effective for annual periods beginning on or after January 1, 2023. These amendments have no impact on the interim condensed consolidated financial statements. o Disclosure of Accounting Policies – Amendments to IAS 1 and IFRS Practice Statement 2 The Company will adopt the amendments to IAS 1 and IFRS Practice Statement 2, effective for annual periods beginning on or after January 1, 2023. These amendments have no impact on the interim condensed consolidated financial statements.

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Sep. 30, 2023
Segment reporting [Abstract]
Total Revenues	The below table details the Company’s total revenues: $ in thousands Q3 2023 Q3 2022 9M 2023 9M 2022 Time charter revenues 1 17,859 19,884 58,339 57,208 Voyage charter revenues 112,464 88,343 355,444 226,651 Shipping revenues 130,322 108,227 413,783 283,860 Other revenues 2 1,243 1,711 3,397 2,392 Total revenues 131,565 109,938 417,180 286,251 1 Time charter revenues is presented in accordance with IFRS 16 Leases, while the portion of time charter revenues related to technical management services, equaling $4.3 million in the third quarter of 2023, $4.7 million in the third quarter of 2022, $15.1 million in the first nine months of 2023 and in the first nine months of 2022 is recognized in accordance with IFRS 15 Revenue from Contracts with Customers. 2 Other revenues mainly relate to technical management services provided.

Interest bearing debt (Tables)

Interest bearing debt (Tables)	9 Months Ended
	Sep. 30, 2023
Interest bearing debt [Abstract]
Scheduled Debt Repayments	Scheduled debt repayments Interest Q4 $ in thousands rate 2023 2024 2025 Thereafter Total Credit Agricole Credit Facility SOFR + 2.05 % 625 2,500 2,500 30,000 35,625 Danish Ship Finance Credit Facility 1 LIBOR + 2.00 % 1,213 2,427 26,693 - 30,333 ING Credit Facility 2 SOFR + 1.90 % 6,250 25,000 25,000 161,150 217,400 ING Credit Facility SOFR + 1.80 % 750 3,000 3,000 38,250 45,000 Nordea Credit Facility 3 SOFR + CAS 4 % - 23,715 23,715 69,806 117,235 Total 8,838 56,641 80,908 299,206 445,594 Unamortized upfront fees bank loans (9,014 ) Total interest bearing debt 436,579 1 2 3 4
Financial Covenant Compliance	The Company’s financial covenants as of September 30, 2023, are summarized as follows: ING Credit Agricole Danish Ship Finance Nordea Credit Facility Credit Facility Credit Facility Credit Facility Security 11 VLCCs 1 VLCC 1 VLCC 11 VLCCs Charter free market value of vessels that secure facility must be no less than 135% of borrowings 135% of borrowings 135% of borrowings 135% of borrowings Value adjusted* tangible net worth $300 million and 25% of value adjusted total assets $300 million and 25% of value adjusted total assets $300 million and 25% of value adjusted total assets $300 million and 25% of value adjusted total assets Unencumbered cash of at least Higher of $30 million or 6% of gross interest bearing debt Higher of $30 million or 6% of gross interest bearing debt Higher of $30 million or 6% of gross interest bearing debt Higher of $30 million or 6% of gross interest bearing debt Guarantor DHT Holdings, Inc. DHT Holdings, Inc. DHT Holdings, Inc. DHT Holdings, Inc. *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 a broker approved by the financial institution)

Vessels (Tables)

Vessels (Tables)	9 Months Ended
	Sep. 30, 2023
Vessels [Abstract]
Vessel Costs	Vessels Cost of Vessels $ in thousands At January 1, 2023 1,997,196 Transferred from vessels upgrades 128,791 Retirement 1 (9,040 ) At September 30, 2023 2,116,946 Depreciation and amortization $ in thousands At January 1, 2023 735,198 Depreciation and amortization 2 78,897 Retirement 1 (9,040 ) At September 30, 2023 805,055 Carrying Amount $ in thousands At January 1, 2023 1,261,998 At September 30, 2023 1,311,892 1 2 Advances for vessel and vessel upgrades Cost of advances for vessel and vessel upgrades relates to prepaid drydocking. Cost of advances of vessel and vessel upgrades $ in thousands At January 1, 2023 4,583 Additions 124,223 Transferred to vessels (128,791 ) At September 30, 2023 15

Stockholders' equity and divi_2

Stockholders' equity and dividend payment (Tables)	9 Months Ended
	Sep. 30, 2023
Stockholders' equity and dividend payment [Abstract]
Stockholders Equity	Common stock Issued at September 30 2023 160,999,542 Numbers of shares authorized for issue at September 30 2023 250,000,000 Par value $ 0.01
Dividend Payment	Dividend payment made year-to-date as of September 30, 2023: Payment date $ in thousands, except per common share Total payment Per common share August 30, 2023 $ 56,661 $ 0.35 May 25, 2023 $ 37,487 $ 0.23 February 24, 2023 $ 61,935 $ 0.38 Total payment made year-to-date as of September 30, 2023 $ 156,082 $ 0.96 Dividend payments made during 2022: Payment date $ in thousands, except per common share Total payment Per common share November 29, 2022 $ 6,506 $ 0.04 August 30, 2022 $ 6,506 $ 0.04 May 26, 2022 $ 3,336 $ 0.02 February 24, 2022 $ 3,330 $ 0.02 Total payments made during 2022 $ 19,679 $ 0.12

Segment reporting, Total revenu

Segment reporting, Total revenues (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Segment	Sep. 30, 2022 USD ($)
Operating Segments [Abstract]
Number of operating segments | Segment				1
Total Revenues [Abstract]
Shipping revenues		$ 130,322	$ 108,227	$ 413,783	$ 283,860
Other revenues	[1]	1,243	1,711	3,397	2,392
Total revenues		131,565	109,938	417,180	286,251
IFRS 15 [Member]
Total Revenues [Abstract]
Total revenues		4,300	4,700	15,100	14,200
Time Charter Revenues [Member]
Total Revenues [Abstract]
Shipping revenues	[2]	17,859	19,884	58,339	57,208
Voyage Charter Revenues [Member]
Total Revenues [Abstract]
Shipping revenues		$ 112,464	$ 88,343	$ 355,444	$ 226,651
[1] Other revenues mainly relate to technical management services provided. Time charter revenues is presented in accordance with IFRS 16 Leases, while the portion of time charter revenues related to technical management services, equaling $4.3 million in the third quarter of 2023, $4.7 million in the third quarter of 2022, $15.1 million in the first nine months of 2023 and in the first nine months of 2022 is recognized in accordance with IFRS 15 Revenue from Contracts with Customers.

Segment reporting, Information

Segment reporting, Information about major customers (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) Vessel	Sep. 30, 2022 USD ($)
Information about Major Customers [Abstract]
Number of vessels in operation | Vessel			24
Shipping revenues	$ 130,322	$ 108,227	$ 413,783	$ 283,860
Time Charters [Member]
Information about Major Customers [Abstract]
Number of vessels in operation | Vessel			4
Spot Market [Member]
Information about Major Customers [Abstract]
Number of vessels in operation | Vessel			20
Major Customer [Member]
Information about Major Customers [Abstract]
Shipping revenues	$ 83,600	$ 54,600	$ 253,300	$ 141,100
Percentage of total revenue	64%	50%	61%	50%
Customer One [Member]
Information about Major Customers [Abstract]
Shipping revenues	$ 34,300	$ 13,500	$ 64,900	$ 42,400
Customer Two [Member]
Information about Major Customers [Abstract]
Shipping revenues	17,800	12,800	60,800	39,000
Customer Three [Member]
Information about Major Customers [Abstract]
Shipping revenues	13,100	10,900	59,900	23,500
Customer Four [Member]
Information about Major Customers [Abstract]
Shipping revenues	10,000	10,900	38,200	19,100
Customer Five [Member]
Information about Major Customers [Abstract]
Shipping revenues	$ 8,400	$ 6,500	$ 29,400	$ 17,100

Interest bearing debt, Schedule

Interest bearing debt, Scheduled debt repayments (Details) $ in Thousands		9 Months Ended
		Sep. 30, 2023 USD ($)		Jan. 31, 2023 USD ($)
Interest-bearing debt [Abstract]
Total debt		$ 445,594
Unamortized upfront fees bank loans		(9,014)
Total interest bearing debt		436,579
Q4 2023 [Member]
Interest-bearing debt [Abstract]
Total debt		8,838
2024 [Member]
Interest-bearing debt [Abstract]
Total debt		56,641
2025 [Member]
Interest-bearing debt [Abstract]
Total debt		80,908
Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt		299,206
Credit Agricole Credit Facility [Member]
Interest-bearing debt [Abstract]
Total debt		35,625
Credit Agricole Credit Facility [Member] | Q4 2023 [Member]
Interest-bearing debt [Abstract]
Total debt		625
Credit Agricole Credit Facility [Member] | 2024 [Member]
Interest-bearing debt [Abstract]
Total debt		2,500
Credit Agricole Credit Facility [Member] | 2025 [Member]
Interest-bearing debt [Abstract]
Total debt		2,500
Credit Agricole Credit Facility [Member] | Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt		$ 30,000
Credit Agricole Credit Facility [Member] | SOFR [Member]
Interest-bearing debt [Abstract]
Interest rate spread		2.05%
Danish Ship Finance Credit Facility [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	$ 30,333
Danish Ship Finance Credit Facility [Member] | Q4 2023 [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	1,213
Danish Ship Finance Credit Facility [Member] | 2024 [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	2,427
Danish Ship Finance Credit Facility [Member] | 2025 [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	26,693
Danish Ship Finance Credit Facility [Member] | Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	$ 0
Danish Ship Finance Credit Facility [Member] | LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	[1]	2%
ING Credit Facility, $405 million Senior Credit Facility [Member]
Interest-bearing debt [Abstract]
Total debt	[2]	$ 217,400
Total interest bearing debt				$ 405,000
Undrawn borrowing facilities		75,100
ING Credit Facility, $405 million Senior Credit Facility [Member] | Q4 2023 [Member]
Interest-bearing debt [Abstract]
Total debt	[2]	6,250
ING Credit Facility, $405 million Senior Credit Facility [Member] | 2024 [Member]
Interest-bearing debt [Abstract]
Total debt	[2]	25,000
ING Credit Facility, $405 million Senior Credit Facility [Member] | 2025 [Member]
Interest-bearing debt [Abstract]
Total debt	[2]	25,000
ING Credit Facility, $405 million Senior Credit Facility [Member] | Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt	[2]	$ 161,150
ING Credit Facility, $405 million Senior Credit Facility [Member] | SOFR [Member]
Interest-bearing debt [Abstract]
Interest rate spread		1.90%	[2]	1.90%
ING Credit Facility, $45 million Senior Credit Facility [Member]
Interest-bearing debt [Abstract]
Total debt		$ 45,000
Total interest bearing debt		45,000
ING Credit Facility, $45 million Senior Credit Facility [Member] | Q4 2023 [Member]
Interest-bearing debt [Abstract]
Total debt		750
ING Credit Facility, $45 million Senior Credit Facility [Member] | 2024 [Member]
Interest-bearing debt [Abstract]
Total debt		3,000
ING Credit Facility, $45 million Senior Credit Facility [Member] | 2025 [Member]
Interest-bearing debt [Abstract]
Total debt		3,000
ING Credit Facility, $45 million Senior Credit Facility [Member] | Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt		$ 38,250
ING Credit Facility, $45 million Senior Credit Facility [Member] | SOFR [Member]
Interest-bearing debt [Abstract]
Interest rate spread		1.80%
Nordea Credit Facility [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	$ 117,235
Undrawn borrowing facilities		$ 142,500
Percentage of Credit Adjustment Spread (CAS)		0.0026
Nordea Credit Facility [Member] | Q4 2023 [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	$ 0
Nordea Credit Facility [Member] | 2024 [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	23,715
Nordea Credit Facility [Member] | 2025 [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	23,715
Nordea Credit Facility [Member] | Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	$ 69,806
Nordea Credit Facility [Member] | SOFR + CAS [Member]
Interest-bearing debt [Abstract]
Interest rate spread	[3],[4]	1.90%
[1]Semiannual installment and will be transferred to SOFR in November 2023[2]$75.1 mill. undrawn as of September 30, 2023.[3]$142.5 mill. undrawn as of September 30, 2023.[4]Credit Adjustment Spread (CAS) of 0.26%.

Interest bearing debt, Credit F

Interest bearing debt, Credit Facility (Details) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
		Jan. 31, 2023 USD ($) Borrower	Sep. 30, 2023 USD ($) Borrower		Sep. 30, 2023 USD ($)
Credit Facility [Abstract]
Borrowing amount			$ 436,579		$ 436,579
ING Credit Facility, $405 million Senior Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount		$ 405,000
Uncommitted accordion available		$ 100,000
Number of borrowers | Borrower		10
Frequency of periodic repayment					quarterly
Debt repayment installment amount		$ 6,300
Maturity date					Jan. 31, 2029
ING Credit Facility, $405 million Senior Credit Facility [Member] | SOFR [Member]
Credit Facility [Abstract]
Interest rate spread		1.90%	1.90%	[1]	1.90%	[1]
Revolving Credit Facility [Member]
Credit Facility [Abstract]
Drawdown			$ 55,000
ING Credit Facility, $45 million Senior Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount			$ 45,000		$ 45,000
Number of borrowers | Borrower			1
Frequency of periodic repayment					quarterly
Debt repayment installment amount			$ 750
Maturity date					Jan. 31, 2029
Drawdown			$ 45,000
ING Credit Facility, $45 million Senior Credit Facility [Member] | SOFR [Member]
Credit Facility [Abstract]
Interest rate spread			1.80%		1.80%
Credit Agricole Credit Facility [Member]
Credit Facility [Abstract]
Frequency of periodic repayment					quarterly
Debt repayment installment amount					$ 600
Debt repayment final payment					$ 22,500
Credit Agricole Credit Facility [Member] | SOFR [Member]
Credit Facility [Abstract]
Interest rate spread			2.05%		2.05%
Danish Ship Finance Credit Facility [Member]
Credit Facility [Abstract]
Frequency of periodic repayment					semiannual
Debt repayment installment amount					$ 1,200
Debt repayment final payment					24,300
Nordea Credit Facility [Member]
Credit Facility [Abstract]
Uncommitted accordion available			$ 250,000		$ 250,000
Frequency of periodic repayment					quarterly
Debt repayment final payment					$ 40,900
Debt repayment next periodic installment payment					5,900
Debt repayment last periodic installment payment					$ 5,200
Nordea Credit Facility [Member] | SOFR + CAS [Member]
Credit Facility [Abstract]
Interest rate spread	[2],[3]		1.90%		1.90%
[1]$75.1 mill. undrawn as of September 30, 2023.[2]$142.5 mill. undrawn as of September 30, 2023.[3]Credit Adjustment Spread (CAS) of 0.26%.

Interest bearing debt, Covenant

Interest bearing debt, Covenant compliance (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($) VLCC
ING Credit Facility [Member]
Summary of financial covenants [Abstract]
Security	11 VLCCs
Charter free market value of vessels that secure facility must be no less than	135% of borrowings
Value adjusted tangible net worth	$300 million and 25% of value adjusted total assets	[1]
Unencumbered cash of at least	Higher of $30 million or 6% of gross interest bearing debt
Guarantor	DHT Holdings, Inc.
Credit facility covenant, Number of VLCCs used as security | VLCC	11
Credit facility covenant, required adjusted tangible net worth	$ 300
Credit facility covenant, required percentage of adjusted tangible net worth to total assets	25%
ING Credit Facility [Member] | Bottom of range [member]
Summary of financial covenants [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings	135%
Credit facility covenant, required unencumbered consolidated cash	$ 30
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt	6%
Credit Agricole Credit Facility [Member]
Summary of financial covenants [Abstract]
Security	1 VLCC
Charter free market value of vessels that secure facility must be no less than	135% of borrowings
Value adjusted tangible net worth	$300 million and 25% of value adjusted total assets	[1]
Unencumbered cash of at least	Higher of $30 million or 6% of gross interest bearing debt
Guarantor	DHT Holdings, Inc.
Credit facility covenant, Number of VLCCs used as security | VLCC	1
Credit facility covenant, required adjusted tangible net worth	$ 300
Credit facility covenant, required percentage of adjusted tangible net worth to total assets	25%
Credit Agricole Credit Facility [Member] | Bottom of range [member]
Summary of financial covenants [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings	135%
Credit facility covenant, required unencumbered consolidated cash	$ 30
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt	6%
Danish Ship Finance Credit Facility [Member]
Summary of financial covenants [Abstract]
Security	1 VLCC
Charter free market value of vessels that secure facility must be no less than	135% of borrowings
Value adjusted tangible net worth	$300 million and 25% of value adjusted total assets	[1]
Unencumbered cash of at least	Higher of $30 million or 6% of gross interest bearing debt
Guarantor	DHT Holdings, Inc.
Credit facility covenant, Number of VLCCs used as security | VLCC	1
Credit facility covenant, required adjusted tangible net worth	$ 300
Credit facility covenant, required percentage of adjusted tangible net worth to total assets	25%
Danish Ship Finance Credit Facility [Member] | Bottom of range [member]
Summary of financial covenants [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings	135%
Credit facility covenant, required unencumbered consolidated cash	$ 30
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt	6%
Nordea Credit Facility [Member]
Summary of financial covenants [Abstract]
Security	11 VLCCs
Charter free market value of vessels that secure facility must be no less than	135% of borrowings
Value adjusted tangible net worth	$300 million and 25% of value adjusted total assets	[1]
Unencumbered cash of at least	Higher of $30 million or 6% of gross interest bearing debt
Guarantor	DHT Holdings, Inc.
Credit facility covenant, Number of VLCCs used as security | VLCC	11
Credit facility covenant, required adjusted tangible net worth	$ 300
Credit facility covenant, required percentage of adjusted tangible net worth to total assets	25%
Nordea Credit Facility [Member] | Bottom of range [member]
Summary of financial covenants [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings	135%
Credit facility covenant, required unencumbered consolidated cash	$ 30
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt	6%
[1]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 a broker approved by the financial institution)

Vessels (Details)

Vessels (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2023	$ 1,261,998
At September 30, 2023	1,311,892
Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2023	1,997,196
Transferred from vessels upgrades	128,791
Retirement	(9,040)	[1]
At September 30, 2023	2,116,946
Depreciation and Amortization [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2023	(735,198)
Depreciation and amortization	(78,897)	[2]
Retirement	9,040	[1]
At September 30, 2023	(805,055)
Advances for Vessel and Vessel Upgrades [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2023	4,583
Additions	124,223
Transferred to vessels	(128,791)
At September 30, 2023	$ 15
[1]Relates to completed depreciation of drydocking for DHT Bronco, DHT Colt, DHT Mustang, DHT Scandinavia and DHT Stallion.[2]Relates solely to depreciation of vessels, drydocking, and EGCS. Depreciation of office leases and other property, plant, and equipment represents an additional $1,530 thousand, which combined with the depreciation of vessels, drydocking, and EGCS comprises $80,427 thousand in depreciation and amortization.

Stockholders' equity and divi_3

Stockholders' equity and dividend payment, Stockholders equity (Details)	9 Months Ended
	Sep. 30, 2023 Vote $ / shares shares
Common Stock [Abstract]
Number of vote per common stock | Vote	1
Common Stock [Member]
Stockholders' Equity [Abstract]
Issued (in shares)	160,999,542
Numbers of shares authorized for issue at September 30, 2023 (in shares)	250,000,000
Par value (in dollars per share) | $ / shares	$ 0.01

Stockholders' equity and divi_4

Stockholders' equity and dividend payment, Stock repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Stock Repurchases [Abstract]
Share repurchases (in shares)	1,137,583	1,072,344	1,499,608	2,826,771
Aggregate consideration	$ 9,900	$ 8,800	$ 8,800	$ 15,900	$ 18,808	$ 24,758
Average price (in dollars per share)	$ 8.72	$ 8.25	$ 5.87	$ 5.63

Stockholders' equity and divi_5

Stockholders' equity and dividend payment, Dividend payments (Details) - USD ($) $ / shares in Units, $ in Thousands									9 Months Ended	12 Months Ended
	Nov. 06, 2023	Aug. 30, 2023	May 25, 2023	Feb. 24, 2023	Nov. 29, 2022	Aug. 30, 2022	May 26, 2022	Feb. 24, 2022	Sep. 30, 2023	Dec. 31, 2022
Dividend Payments [Abstract]
Total payment		$ 56,661	$ 37,487	$ 61,935	$ 6,506	$ 6,506	$ 3,336	$ 3,330	$ 156,082	$ 19,679
Per common share (in dollars per share)	$ 0.19	$ 0.35	$ 0.23	$ 0.38	$ 0.04	$ 0.04	$ 0.02	$ 0.02	$ 0.96	$ 0.12

Accounts receivable and accru_2

Accounts receivable and accrued revenues (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accounts receivable and accrued revenues [Abstract]
Accounts receivable and accrued revenues	$ 55,684	$ 59,465

Deferred shipping revenues (Det

Deferred shipping revenues (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Deferred shipping revenues [Abstract]
Deferred shipping revenues	$ 4,394	$ 4,172

Subsequent events (Details)

Subsequent events (Details) - $ / shares									9 Months Ended	12 Months Ended
	Nov. 06, 2023	Aug. 30, 2023	May 25, 2023	Feb. 24, 2023	Nov. 29, 2022	Aug. 30, 2022	May 26, 2022	Feb. 24, 2022	Sep. 30, 2023	Dec. 31, 2022
Dividend Payments [Abstract]
Per common share (in dollars per share)	$ 0.19	$ 0.35	$ 0.23	$ 0.38	$ 0.04	$ 0.04	$ 0.02	$ 0.02	$ 0.96	$ 0.12
Dividend payable date	Nov. 28, 2023
Dividend payable, record date	Nov. 21, 2023