DHT (DHT) 6-K 12 Nov 24 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
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, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 73,829	$ 74,738
Accounts receivable and accrued revenues	58,553	75,848
Capitalized voyage expenses	2,848	2,549
Prepaid expenses	12,999	13,557
Bunker inventory	33,299	33,806
Total current assets	181,528	200,498
Non-current assets
Vessels	1,207,533	1,283,710
Advances for vessels under construction	78,870	0
Advances for vessel upgrades	0	10
Other property, plant and equipment	5,263	6,649
Goodwill	1,356	1,356
Total non-current assets	1,293,022	1,291,725
TOTAL ASSETS	1,474,550	1,492,223
Current liabilities
Accounts payable and accrued expenses	22,711	20,493
Current portion long-term debt	48,340	30,300
Other current liabilities	1,509	1,418
Deferred shipping revenues	2,711	4,394
Total current liabilities	75,271	56,605
Non-current liabilities
Long-term debt	359,289	398,425
Other non-current liabilities	4,305	5,527
Total non-current liabilities	363,594	403,952
TOTAL LIABILITIES	438,865	460,557
Equity
Common stock at par value	1,615	1,610
Additional paid-in capital	1,230,832	1,228,254
Accumulated deficit	(205,909)	(206,477)
Translation differences	329	201
Other reserves	3,882	3,566
Total equity attributable to the Company	1,030,748	1,027,153
Non-controlling interest	4,937	4,513
Total equity	1,035,685	1,031,667
TOTAL LIABILITIES AND EQUITY	$ 1,474,550	$ 1,492,223

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Consolidated Income Statement [Abstract]
Shipping revenues		$ 141,125	$ 130,322	$ 437,067	$ 413,783
Other revenues	[1]	982	1,243	3,315	3,397
Total revenues		142,107	131,565	440,382	417,180
Operating expenses
Voyage expenses		(48,484)	(41,235)	(134,390)	(117,896)
Vessel operating expenses		(19,048)	(18,608)	(58,614)	(56,711)
Depreciation and amortization		(28,135)	(28,326)	(84,264)	(80,427)
General and administrative expenses		(4,169)	(4,303)	(13,354)	(13,455)
Total operating expenses		(99,837)	(92,472)	(290,621)	(268,490)
Operating (loss)/ income		42,270	39,093	149,760	148,691
Interest income		1,035	1,213	3,061	3,577
Interest expense		(7,318)	(8,789)	(24,015)	(23,868)
Fair value gain/(loss) on derivative financial liabilities		0	0	0	(504)
Other financial (expense)/income		(719)	(413)	(1,643)	(1,385)
Profit/(loss) before tax		35,268	31,104	127,163	126,512
Income tax expense		(79)	(137)	(414)	(422)
Profit/(loss) after tax		35,189	30,967	126,749	126,089
Attributable to owners of non-controlling interest		(17)	208	308	97
Attributable to the owners of parent		$ 35,206	$ 30,759	$ 126,442	$ 125,993
Basic earnings/(loss) per share (in dollars per share)		$ 0.22	$ 0.19	$ 0.78	$ 0.77
Diluted earnings/(loss) per share (in dollars per share)		$ 0.22	$ 0.19	$ 0.78	$ 0.77
Weighted average number of shares (basic) (in shares)		161,464,487	161,735,939	161,382,024	162,575,803
Weighted average number of shares (diluted) (in shares)		161,553,185	161,902,025	161,479,762	162,743,441
[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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Consolidated Statement of Comprehensive Income [Abstract]
Profit/(loss) after tax	$ 35,189	$ 30,967	$ 126,749	$ 126,089
Items that may be reclassified subsequently to income statement:
Exchange gain/(loss) on translation of foreign currency denominated associate and subsidiary	462	(106)	244	(163)
Total	462	(106)	244	(163)
Other comprehensive income/(loss)	462	(106)	244	(163)
Total comprehensive income/(loss) for the period	35,651	30,861	126,993	125,927
Attributable to owners of non-controlling interest	194	156	423	3
Attributable to the owners of parent	$ 35,457	$ 30,705	$ 126,570	$ 125,924

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
CASH FLOW FROM OPERATING ACTIVITIES
Profit/(loss) after tax	$ 35,189	$ 30,967	$ 126,749	$ 126,089
Items included in net income not affecting cash flows	29,632	29,706	89,143	85,050
Depreciation and amortization	28,135	28,326	84,264	80,427
Amortization of deferred debt issuance cost	652	664	1,995	2,222
(Gain) / loss, disposal of property, plant and equipment	0	8	0	18
Fair value (gain)/loss on derivative financial instruments	0	0	0	504
Compensation related to options and restricted stock	903	716	2,898	2,583
Net foreign exchange differences	(58)	(9)	(13)	(11)
(Gain) / loss modification of debt	0	0	0	(693)
Income adjusted for non-cash items	64,821	60,672	215,892	211,139
Changes in operating assets and liabilities	15,323	(4,949)	16,976	(1,995)
Accounts receivable and accrued revenues	11,802	1,147	17,295	3,781
Capitalized voyage expenses	3,203	(625)	(299)	(18)
Prepaid expenses	(3,105)	1,264	558	1,527
Accounts payable and accrued expenses	410	(2,214)	677	(2,639)
Deferred shipping revenues	(535)	(1,116)	(1,682)	222
Bunker inventory	3,508	(3,425)	508	(4,715)
Pension liability	40	21	(80)	(152)
Net cash provided by operating activities	80,144	55,723	232,868	209,144
CASH FLOW FROM INVESTING ACTIVITIES
Investment in vessels	(2,004)	(92,943)	(6,633)	(125,897)
Investment in vessels under construction	(25,840)	0	(77,338)	0
Proceeds from sale of derivatives	0	0	0	3,256
Investment in other property, plant and equipment	(47)	(89)	(69)	(134)
Net cash used in investing activities	(27,891)	(93,032)	(84,040)	(122,775)
CASH FLOW FROM FINANCING ACTIVITIES
Cash dividends paid	(43,595)	(56,661)	(125,873)	(156,082)
Dividends paid to non-controlling interest	0	0	0	(590)
Repayment principal element of lease liability	(354)	(346)	(1,033)	(1,082)
Issuance of long-term debt	0	99,492	75,000	315,684
Purchase of treasury shares	0	(9,942)	0	(18,808)
Scheduled repayment of long-term debt	(7,625)	(6,875)	(24,088)	(15,588)
Prepayment of long-term debt	0	(45,000)	(74,000)	(45,000)
Repayment of long-term debt refinancing	0	0	0	(216,761)
Net cash used in financing activities	(51,574)	(19,331)	(149,995)	(138,227)
Net (decrease)/increase in cash and cash equivalents	679	(56,640)	(1,167)	(51,859)
Net foreign exchange difference	509	(90)	259	(169)
Cash and cash equivalents at beginning of period	72,642	130,649	74,738	125,948
Cash and cash equivalents at end of period	73,829	73,920	73,829	73,920
Specification of items included in operating activities:
Interest paid	7,499	7,324	23,385	20,561
Interest received	$ 288	$ 367	$ 2,281	$ 3,221

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, 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)
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
Balance at Dec. 31, 2023	1,031,667	$ 1,610	1,228,254	0	(206,477)	201	3,566	4,513
Balance (in shares) at Dec. 31, 2023		160,999,542
Changes in equity
Profit/(loss) after tax	126,749				126,442			308
Other comprehensive income/(loss)	244				0	128		116
Total comprehensive income/(loss) for the period	126,993				126,442	128		423
Cash dividends declared and paid	(125,873)				(125,873)
Compensation related to options and restricted stock	2,898	$ 5	2,578				315
Compensation related to options and restricted stock (in shares)		464,945
Balance at Sep. 30, 2024	$ 1,035,685	$ 1,615	$ 1,230,832	$ 0	$ (205,909)	$ 329	$ 3,882	$ 4,937
Balance (in shares) at Sep. 30, 2024		161,464,487

General information

General information	9 Months Ended
	Sep. 30, 2024
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 12, 2024, and authorized for issue on November 12, 2024.

General accounting principles

General accounting principles	9 Months Ended
	Sep. 30, 2024
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 2023. 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. The accounting policies applied in these condensed consolidated interim financial statements are consistent with those presented in the 2023 audited consolidated financial statements. These interim condensed consolidated financial statements have been prepared on a going concern basis. 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. 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 The amendments 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 ,

Segment reporting

Segment reporting	9 Months Ended
	Sep. 30, 2024
Segment reporting [Abstract]
Segment reporting	Note 3 – Segment reporting 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 on the nature and financial effects of the business activities in which it engages and the economic environment in which it operates. The consolidated operating results are regularly reviewed by the Company’s chief operating decision maker, the President & Chief Executive Officer, and the Company does not monitor performance by geographical areas . The below table details the Company’s total revenues: $ in thousands Q3 2024 Q3 2023 9M 2024 9M 2023 Time charter revenues 1 22,484 17,859 58,573 58,339 Voyage charter revenues 118,641 112,464 378,494 355,444 Shipping revenues 141,125 130,322 437,067 413,783 Other revenues 2 982 1,243 3,315 3,397 Total revenues 142,107 131,565 440,382 417,180 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 $5.1 million in the third quarter of 2024, $4.3 million in the third quarter of 2023, $13.1 million in the first nine months of 2024 and in the first nine months of 2023, 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, 2024, the Company had 24 vessels in operation; seven vessels were on time charters and 17 vessels operating in the spot market. Information about major customers: For the period from July 1, 2024, to September 30, 2024, five customers represented $32.0 million, $28.3 million, $18.0 million, $11.2 million, and $10.0 million, respectively, of the Company’s shipping revenues. The five customers in aggregate represented $99.6 million, equal to 71 percent of the shipping revenues of $141.1 million for the period from July 1, 2024, to September 30, 2024. For the period from January 1, 2024, to September 30, 2024, five customers represented $84.9 million, $67.8 million, $65.1 million, $30.1 million, and $22.8 million, respectively, of the Company’s total revenues. The five customers in aggregate represented $270.8 million, equal to 62 percent of the shipping revenues of $437.1 million for the period from January 1, 2024, to September 30, 2024. 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 shipping revenues of $413.8 million for the period from January 1, 2023, to September 30, 2023.

Interest bearing debt

Interest bearing debt	9 Months Ended
	Sep. 30, 2024
Interest bearing debt [Abstract]
Interest bearing debt	Note 4 – Interest bearing debt As of September 30, 2024, DHT had interest bearing debt totaling $407.6 million. Scheduled debt repayments Interest Q4 $ in thousands rate Maturity 2024 2025 2026 Thereafter Total Credit Agricole Credit Facility SOFR + 2.05 % 2028 625 2,500 2,500 27,500 33,125 Danish Ship Finance Credit Facility 1 SOFR + 2.00 % 2025 1,213 26,693 - - 27,907 ING Credit Facility 2 SOFR + 1.90 % 2029 6,250 25,000 25,000 161,150 217,400 ING Credit Facility SOFR + 1.80 % 2029 750 3,000 3,000 35,250 42,000 Nordea Credit Facility 3 SOFR + CAS 4 % 2027 - 23,715 23,715 46,091 93,521 Total 8,838 80,908 54,215 269,991 413,952 Unamortized upfront fees bank loans (6,323 ) Total interest bearing debt 407,629 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. In the fourth quarter of 2023 , the Company drew down $24 million under the revolving credit facility which was subsequently repaid in January 2024. In the first quarter of 2024 , the Company drew down $50 million under the revolving credit facility which was subsequently repaid in the same quarter. In the second quarter of 2024 , the Company drew down $25 million under the revolving credit facility which was used for first installments under the newbuilding contracts. In September 2023 , 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. The draw down of the $45 million senior secured credit facility was applied to repay the revolving credit facility. 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. In October 2023 , we entered into an amended and restatement agreement in relation to the LIBOR cessation. The credit facility bears an interest rate equal to SOFR plus a margin of 2.00%. Nordea Credit Facility The credit facility is repayable in quarterly installments of $5.9 million from the first quarter of 2025, 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 bears an interest rate equal to SOFR plus CAS plus a margin of 1.90%. In the fourth quarter of 2023, the Company prepaid $23.7 million under the Nordea Credit Facility. The voluntary prepayment was made for all regular installments for 2024. Covenant compliance The Company’s financial covenants as of September 30, 2024, 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, 2024, the Company was in compliance with its financial covenants.

Vessels

Vessels	9 Months Ended
	Sep. 30, 2024
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, 2024 2,052,878 Transferred from vessels upgrades 6,649 Retirement 1 (8,339 ) At September 30, 2024 2,051,188 Depreciation and amortization $ in thousands At January 1, 2024 769,168 Depreciation and amortization 2 82,826 Retirement 1 (8,339 ) At September 30, 2024 843,655 Carrying Amount $ in thousands At January 1, 2024 1,283,710 At September 30, 2024 1,207,533 1 Relates to completed depreciation of drydocking for DHT Bauhinia and DHT Europe. 2 Advances for vessel upgrades Cost of advances for vessel upgrades relates to prepaid drydocking. Cost of advances of vessel upgrades $ in thousands At January 1, 2024 10 Additions 6,639 Transferred to vessels (6,649 ) At September 30, 2024 - Advances for vessels under construction The Company has entered into agreements to build four large VLCCs, fitted with exhaust gas cleaning systems, expected to be delivered between February and July 2026. Two will be constructed at each Hyundai Samho Heavy Industries Co., Ltd. (“HHI”) and Hanwha Ocean Co., Ltd. (“Hanwha”) in South Korea. The average price for the four ships is $130 million, adjusted for change orders. As of September 30, 2024, the Company has paid $77.3 million related to the installments under its newbuilding program. In addition, the Company has capitalized $1.5 million as borrowing costs in connection with the financing of the vessels under construction, at an average interest rate of 7.3% p.a., and $0.1 million related to other directly attributable expenses. Cost of vessels under construction $ in thousands At January 1, 2024 - Additions 78,870 At September 30, 2024 78,870 The following table represents future expected payments related to the vessels under construction as of September 30, 2024: Vessels under construction $ in thousands Within the next 12 months 102,566 From one year to three years 339,946 At September 30, 2024* 442,512 *These are estimates only and are subject to change as construction progresses.

Stockholders' equity and divide

Stockholders' equity and dividend payment	9 Months Ended
	Sep. 30, 2024
Stockholders' equity and dividend payment [Abstract]
Stockholders' equity and dividend payment	Note 6 – Stockholders’ equity and dividend payment Common stock Issued at September 30 2024 161,464,487 Numbers of shares authorized for issue at September 30 2024 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 No stock repurchases were made in the first three quarters of 2024. 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. All shares were retired upon receipt. of which 251,879 shares, equivalent to $2.1 million in treasury shares, were retired in July 2023. No stock repurchases were made in the first quarter of 2023. Dividend payments Dividend payments made year-to-date as of September 30, 2024: Payment date $ in thousands, except per common share Total payment Per common share August 30, 2024 $ 43,595 $ 0.27 May 31, 2024 $ 46,786 $ 0.29 February 28, 2024 $ 35,492 $ 0.22 Total payments made year-to-date as of September 30, 2024 $ 125,873 $ 0.78 Dividend payment made during 2023: Payment date $ in thousands, except per common share Total payment Per common share November 28, 2023 $ 30,590 $ 0.19 August 30, 2023 $ 56,661 $ 0.35 May 25, 2023 $ 37,487 $ 0.23 February 24, 2023 $ 61,935 $ 0.38 Total payments made during 2023 $ 186,672 $ 1.15

Accounts receivable and accrued

Accounts receivable and accrued revenues	9 Months Ended
	Sep. 30, 2024
Accounts receivable and accrued revenues [Abstract]
Accounts receivable and accrued revenues	Note 7 – Accounts receivable and accrued revenues As of September 30, 2024, $58.6 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 $75.8 million as of December 31, 2023.

Deferred shipping revenues

Deferred shipping revenues	9 Months Ended
	Sep. 30, 2024
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, 2024, $2.7 million was recognized as deferred shipping revenues in the interim condensed consolidated statement of financial position, compared to $4.4 million as of December 31, 2023.

Financial risk management, obje

Financial risk management, objectives, and policies	9 Months Ended
	Sep. 30, 2024
Financial risk management, objectives, and policies [Abstract]
Financial risk management, objectives, and policies	Note 9 – Note 9 in the 2023 annual report on Form 20-F provides 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, 2024
Subsequent events [Abstract]
Subsequent events	Note 10 – Subsequent events On November 12, 2024, the Board approved a dividend of $0.22 per common share related to the third quarter of 2024 to be paid on November 29, 2024, for shareholders of record as of November 22, 2024.

General accounting principles (

General accounting principles (Policies)	9 Months Ended
	Sep. 30, 2024
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. The accounting policies applied in these condensed consolidated interim financial statements are consistent with those presented in the 2023 audited consolidated financial statements.
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.
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 The amendments 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 ,

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Segment reporting [Abstract]
Total Revenues	The below table details the Company’s total revenues: $ in thousands Q3 2024 Q3 2023 9M 2024 9M 2023 Time charter revenues 1 22,484 17,859 58,573 58,339 Voyage charter revenues 118,641 112,464 378,494 355,444 Shipping revenues 141,125 130,322 437,067 413,783 Other revenues 2 982 1,243 3,315 3,397 Total revenues 142,107 131,565 440,382 417,180 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 $5.1 million in the third quarter of 2024, $4.3 million in the third quarter of 2023, $13.1 million in the first nine months of 2024 and in the first nine months of 2023, 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, 2024
Interest bearing debt [Abstract]
Scheduled Debt Repayments	Scheduled debt repayments Interest Q4 $ in thousands rate Maturity 2024 2025 2026 Thereafter Total Credit Agricole Credit Facility SOFR + 2.05 % 2028 625 2,500 2,500 27,500 33,125 Danish Ship Finance Credit Facility 1 SOFR + 2.00 % 2025 1,213 26,693 - - 27,907 ING Credit Facility 2 SOFR + 1.90 % 2029 6,250 25,000 25,000 161,150 217,400 ING Credit Facility SOFR + 1.80 % 2029 750 3,000 3,000 35,250 42,000 Nordea Credit Facility 3 SOFR + CAS 4 % 2027 - 23,715 23,715 46,091 93,521 Total 8,838 80,908 54,215 269,991 413,952 Unamortized upfront fees bank loans (6,323 ) Total interest bearing debt 407,629 1 2 3 4
Financial Covenant Compliance	The Company’s financial covenants as of September 30, 2024, 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, 2024
Vessels [Abstract]
Vessel Costs	Vessels Cost of Vessels $ in thousands At January 1, 2024 2,052,878 Transferred from vessels upgrades 6,649 Retirement 1 (8,339 ) At September 30, 2024 2,051,188 Depreciation and amortization $ in thousands At January 1, 2024 769,168 Depreciation and amortization 2 82,826 Retirement 1 (8,339 ) At September 30, 2024 843,655 Carrying Amount $ in thousands At January 1, 2024 1,283,710 At September 30, 2024 1,207,533 1 Relates to completed depreciation of drydocking for DHT Bauhinia and DHT Europe. 2 Advances for vessel upgrades Cost of advances for vessel upgrades relates to prepaid drydocking. Cost of advances of vessel upgrades $ in thousands At January 1, 2024 10 Additions 6,639 Transferred to vessels (6,649 ) At September 30, 2024 -
Vessel costs advances for vessels under construction	Advances for vessels under construction Cost of vessels under construction $ in thousands At January 1, 2024 - Additions 78,870 At September 30, 2024 78,870
Future expected payments for vessels under construction	The following table represents future expected payments related to the vessels under construction as of September 30, 2024: Vessels under construction $ in thousands Within the next 12 months 102,566 From one year to three years 339,946 At September 30, 2024* 442,512 *These are estimates only and are subject to change as construction progresses.

Stockholders' equity and divi_2

Stockholders' equity and dividend payment (Tables)	9 Months Ended
	Sep. 30, 2024
Stockholders' equity and dividend payment [Abstract]
Stockholders Equity	Common stock Issued at September 30 2024 161,464,487 Numbers of shares authorized for issue at September 30 2024 250,000,000 Par value $ 0.01
Dividend Payment	Dividend payments made year-to-date as of September 30, 2024: Payment date $ in thousands, except per common share Total payment Per common share August 30, 2024 $ 43,595 $ 0.27 May 31, 2024 $ 46,786 $ 0.29 February 28, 2024 $ 35,492 $ 0.22 Total payments made year-to-date as of September 30, 2024 $ 125,873 $ 0.78 Dividend payment made during 2023: Payment date $ in thousands, except per common share Total payment Per common share November 28, 2023 $ 30,590 $ 0.19 August 30, 2023 $ 56,661 $ 0.35 May 25, 2023 $ 37,487 $ 0.23 February 24, 2023 $ 61,935 $ 0.38 Total payments made during 2023 $ 186,672 $ 1.15

Segment reporting, Total revenu

Segment reporting, Total revenues (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Segment	Sep. 30, 2023 USD ($)
Operating Segments [Abstract]
Number of operating segments | Segment				1
Total Revenues [Abstract]
Shipping revenues		$ 141,125	$ 130,322	$ 437,067	$ 413,783
Other revenues	[1]	982	1,243	3,315	3,397
Total revenues		142,107	131,565	440,382	417,180
Time Charter Revenues [Member]
Total Revenues [Abstract]
Shipping revenues	[2]	22,484	17,859	58,573	58,339
Time Charter Revenues [Member] | IFRS 15 [Member]
Total Revenues [Abstract]
Total revenues		5,100	4,300	13,100	15,100
Voyage Charter Revenues [Member]
Total Revenues [Abstract]
Shipping revenues		$ 118,641	$ 112,464	$ 378,494	$ 355,444
[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 $5.1 million in the third quarter of 2024, $4.3 million in the third quarter of 2023, $13.1 million in the first nine months of 2024 and in the first nine months of 2023, 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, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Vessel	Sep. 30, 2023 USD ($)
Information about Major Customers [Abstract]
Number of vessels in operation | Vessel			24
Shipping revenues	$ 141,125	$ 130,322	$ 437,067	$ 413,783
Time Charters [Member]
Information about Major Customers [Abstract]
Number of vessels in operation | Vessel			7
Spot Market [Member]
Information about Major Customers [Abstract]
Number of vessels in operation | Vessel			17
Major Customer [Member]
Information about Major Customers [Abstract]
Shipping revenues	$ 99,600	$ 83,600	$ 270,800	$ 253,300
Percentage of total revenue	71%	64%	62%	61%
Customer One [Member]
Information about Major Customers [Abstract]
Shipping revenues	$ 32,000	$ 34,300	$ 84,900	$ 64,900
Customer Two [Member]
Information about Major Customers [Abstract]
Shipping revenues	28,300	17,800	67,800	60,800
Customer Three [Member]
Information about Major Customers [Abstract]
Shipping revenues	18,000	13,100	65,100	59,900
Customer Four [Member]
Information about Major Customers [Abstract]
Shipping revenues	11,200	10,000	30,100	38,200
Customer Five [Member]
Information about Major Customers [Abstract]
Shipping revenues	$ 10,000	$ 8,400	$ 22,800	$ 29,400

Interest bearing debt, Schedule

Interest bearing debt, Scheduled debt repayments (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024		Sep. 30, 2023	Jan. 31, 2023
Interest-bearing debt [Abstract]
Total debt		$ 413,952
Unamortized upfront fees bank loans		(6,323)
Total interest bearing debt		407,629
Q4 2024 [Member]
Interest-bearing debt [Abstract]
Total debt		8,838
2025 [Member]
Interest-bearing debt [Abstract]
Total debt		80,908
2026 [Member]
Interest-bearing debt [Abstract]
Total debt		54,215
Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt		269,991
Credit Agricole Credit Facility [Member]
Interest-bearing debt [Abstract]
Total debt		33,125
Credit Agricole Credit Facility [Member] | Q4 2024 [Member]
Interest-bearing debt [Abstract]
Total debt		625
Credit Agricole Credit Facility [Member] | 2025 [Member]
Interest-bearing debt [Abstract]
Total debt		2,500
Credit Agricole Credit Facility [Member] | 2026 [Member]
Interest-bearing debt [Abstract]
Total debt		2,500
Credit Agricole Credit Facility [Member] | Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt		$ 27,500
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]	$ 27,907
Danish Ship Finance Credit Facility [Member] | Q4 2024 [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	1,213
Danish Ship Finance Credit Facility [Member] | 2025 [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	26,693
Danish Ship Finance Credit Facility [Member] | 2026 [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	0
Danish Ship Finance Credit Facility [Member] | Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt	[1]	$ 0
Danish Ship Finance Credit Facility [Member] | SOFR [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		50,100
ING Credit Facility, $405 million Senior Credit Facility [Member] | Q4 2024 [Member]
Interest-bearing debt [Abstract]
Total debt	[2]	6,250
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] | 2026 [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		$ 42,000
Total interest bearing debt				$ 45,000
ING Credit Facility, $45 million Senior Credit Facility [Member] | Q4 2024 [Member]
Interest-bearing debt [Abstract]
Total debt		750
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] | 2026 [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		$ 35,250
ING Credit Facility, $45 million Senior Credit Facility [Member] | SOFR [Member]
Interest-bearing debt [Abstract]
Interest rate spread		1.80%		1.80%
Nordea Credit Facility [Member]
Interest-bearing debt [Abstract]
Term of credit adjustment spread		3 months
Total debt	[3]	$ 93,521
Undrawn borrowing facilities		$ 140,000
Percentage of Credit Adjustment Spread (CAS)		0.26%
Nordea Credit Facility [Member] | Q4 2024 [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	$ 0
Nordea Credit Facility [Member] | 2025 [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	23,715
Nordea Credit Facility [Member] | 2026 [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	23,715
Nordea Credit Facility [Member] | Thereafter [Member]
Interest-bearing debt [Abstract]
Total debt	[3]	$ 46,091
Nordea Credit Facility [Member] | SOFR + CAS [Member]
Interest-bearing debt [Abstract]
Interest rate spread	[3],[4]	1.90%
[1]Semiannual installment[2]$50.1 mill. undrawn as of September 30, 2024[3]$140.0 mill. undrawn as of September 30, 2024[4]3 months Credit Adjustment Spread (CAS) of 0.26%

Interest bearing debt, ING cred

Interest bearing debt, ING credit facility (Details) $ in Thousands	1 Months Ended		3 Months Ended				9 Months Ended
	Sep. 30, 2023 USD ($) Borrower	Jan. 31, 2023 USD ($) Borrower	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)
Credit Facility [Abstract]
Borrowing amount							$ 407,629
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
ING Credit Facility, $405 million Senior Credit Facility [Member] | SOFR [Member]
Credit Facility [Abstract]
Interest rate spread		1.90%					1.90%	[1]
Revolving Credit Facility [Member]
Credit Facility [Abstract]
Drawdown			$ 25,000	$ 50,000	$ 24,000	$ 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
Drawdown	$ 45,000
ING Credit Facility, $45 million Senior Credit Facility [Member] | SOFR [Member]
Credit Facility [Abstract]
Interest rate spread	1.80%					1.80%	1.80%
[1]$50.1 mill. undrawn as of September 30, 2024

Interest bearing debt, Credit a

Interest bearing debt, Credit agricole credit facility (Details) - Credit Agricole Credit Facility [Member] $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Credit Facility [Abstract]
Frequency of periodic repayment	quarterly
Debt repayment installment amount	$ 0.6
Debt repayment final payment	$ 22.5

Interest bearing debt, Danish s

Interest bearing debt, Danish ship finance credit facility (Details) - Danish Ship Finance Credit Facility [Member] $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Credit Facility [Abstract]
Frequency of periodic repayment	semiannual
Debt repayment installment amount	$ 1.2
Debt repayment final payment	$ 24.3
SOFR [Member]
Credit Facility [Abstract]
Interest rate spread	2%	[1]
[1]Semiannual installment

Interest bearing debt, Nordea c

Interest bearing debt, Nordea credit facility (Details) - Nordea Credit Facility [Member] - USD ($) $ in Millions		3 Months Ended	9 Months Ended
		Dec. 31, 2023	Sep. 30, 2024
Credit Facility [Abstract]
Frequency of periodic repayment			quarterly
Debt repayment next periodic installment payment			$ 5.9
Debt repayment final payment			40.9
Debt repayment last periodic installment payment			5.2
Uncommitted accordion available			$ 250
Debt prepayment before installment term		$ 23.7
SOFR + CAS [Member]
Credit Facility [Abstract]
Interest rate spread	[1],[2]		1.90%
[1]$140.0 mill. undrawn as of September 30, 2024[2]3 months Credit Adjustment Spread (CAS) of 0.26%

Interest bearing debt, Covenant

Interest bearing debt, Covenant compliance (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 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		3 Months Ended		9 Months Ended
		Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) VLCC	Sep. 30, 2023 USD ($)
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2024				$ 1,283,710
At September 30, 2024		$ 1,207,533		1,207,533
Depreciation of office leases and other property, plant, and equipment				1,437
Depreciation and amortization		28,135	$ 28,326	$ 84,264	$ 80,427
Number of VLCCs contracted to be built | VLCC				4
Average price of four ships				$ 130,000
Payment of installments under newbuilding program				77,300
Capitalized borrowing costs				$ 1,500
Average interest rate				7.30%
Other directly attributable expenses				$ 100
Hyundai Samho Heavy Industries Co., Ltd. [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Number of VLCCs contracted to be built | VLCC				2
Hanwha Ocean Co., Ltd. [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Number of VLCCs contracted to be built | VLCC				2
Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2024				$ 2,052,878
Transferred from vessels upgrades				6,649
Retirement	[1]			(8,339)
At September 30, 2024		2,051,188		2,051,188
Depreciation and Amortization [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2024				(769,168)
Depreciation and amortization	[2]			(82,826)
Retirement	[1]			8,339
At September 30, 2024		(843,655)		(843,655)
Advances for Vessel Upgrades [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2024				10
Additions				6,639
Transferred to vessels				(6,649)
At September 30, 2024		0		0
Advances for Vessels under Construction [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At September 30, 2024	[3]	442,512		442,512
Advances for Vessels under Construction [Member] | Within the Next 12 Months {Member}
Reconciliation of changes in property, plant and equipment [abstract]
At September 30, 2024		102,566		102,566
Advances for Vessels under Construction [Member] | From One Year to Three Years [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At September 30, 2024		339,946		339,946
Advances for Vessels under Construction [Member] | Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
At January 1, 2024				0
Additions				78,870
At September 30, 2024		$ 78,870		$ 78,870
[1]Relates to completed depreciation of drydocking for DHT Bauhinia and DHT Europe.[2]Relates solely to depreciation of vessels, drydocking, and EGCS. Depreciation of office leases and other property, plant, and equipment represents an additional $1,437 thousand, which combined with the depreciation of vessels, drydocking, and EGCS comprises $84,264 thousand in depreciation and amortization.[3]These are estimates only and are subject to change as construction progresses.

Stockholders' equity and divi_3

Stockholders' equity and dividend payment, Stockholders equity (Details)	9 Months Ended
	Sep. 30, 2024 Vote $ / shares shares
Common Stock [Abstract]
Number of vote per common stock | Vote	1
Common Stock [Member]
Stockholders' Equity [Abstract]
Issued (in shares)	161,464,487
Numbers of shares authorized for issue at September 30, 2024 (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	1 Months Ended	3 Months Ended						9 Months Ended
	Jul. 31, 2023	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2023
Stock Repurchases [Abstract]
Share repurchases (in shares)		0	0	0	1,137,583	1,072,344	0
Aggregate consideration					$ 9,900	$ 8,900		$ 18,808
Average price (in dollars per share)					$ 8.72	$ 8.25
Retirement of treasury shares (in shares)	251,879				1,137,583	1,072,344
Retirement of treasury shares	$ 2,100							$ 0

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
	Aug. 30, 2024	May 31, 2024	Feb. 28, 2024	Nov. 28, 2023	Aug. 30, 2023	May 25, 2023	Feb. 24, 2023	Sep. 30, 2024	Dec. 31, 2023
Dividend Payments [Abstract]
Total payment	$ 43,595	$ 46,786	$ 35,492	$ 30,590	$ 56,661	$ 37,487	$ 61,935	$ 125,873	$ 186,672
Per common share (in dollars per share)	$ 0.27	$ 0.29	$ 0.22	$ 0.19	$ 0.35	$ 0.23	$ 0.38	$ 0.78	$ 1.15

Accounts receivable and accru_2

Accounts receivable and accrued revenues (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts receivable and accrued revenues [Abstract]
Accounts receivable and accrued revenues	$ 58,553	$ 75,848

Deferred shipping revenues (Det

Deferred shipping revenues (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Deferred shipping revenues [Abstract]
Deferred shipping revenues	$ 2,711	$ 4,394

Subsequent events (Details)

Subsequent events (Details) - Dividend Declared for Q4 [Member]	Nov. 12, 2024 $ / shares
Dividend Payments [Abstract]
Dividend declare date	Nov. 12, 2024
Dividend declared (in dollars per share)	$ 0.22
Dividend payable date	Nov. 29, 2024
Dividend record date	Nov. 22, 2024