DHT Holdings Announces DHT Gazelle Upgrade in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 29 2026
0mins
DHT Holdings announced that it has identified and will implement a proactive design upgrade for its two newbuildings delivering from Hyundai this year. The upgraded DHT Impala is now expected to be delivered in late July. The DHT Gazelle, delivered in March, will return to the shipyard for its upgrade in Q3 of 2026 after completing its current cargo commitments. To ensure charter continuity, the company will temporarily substitute the DHT Gazelle with the DHT Addax.
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Analyst Views on DHT
Wall Street analysts forecast DHT stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 17.150
Low
14.30
Averages
16.15
High
18.00
Current: 17.150
Low
14.30
Averages
16.15
High
18.00
About DHT
DHT Holdings, Inc. is an independent crude oil tanker company. Its primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. Its fleet trades internationally and consists of crude oil tankers in the Very Large Crude Carriers (VLCC) segment. The Company operates its vessels through its subsidiary management companies in Monaco, Norway, Singapore, and India. Its principal activity is the ownership and operation of a fleet of crude oil carriers. Its fleet consisted of approximately 23 VLCC crude oil tankers. The fleet operates globally on international routes. The Company's fleet comprises DHT Addax, DHT Antelope, DHT Gazelle, DHT Impala, DHT Appaloosa, DHT Mustang, DHT Bronco, DHT Colt, DHT Stallion, DHT Tiger, DHT Puma, DHT Panther, DHT Osprey, DHT Leopard, DHT Jaguar, DHT Taiga, DHT Sundarbans, and DHT Scandinavia, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
DHT Holdings Announces Design Upgrades for Newbuildings
- Design Upgrade Plan: DHT Holdings has announced a proactive design upgrade for its two newbuildings to ensure optimal trading eligibility and enhance commercial flexibility, which is expected to improve operational efficiency and market competitiveness.
- Early Delivery Timeline: The delivery of DHT Impala is now expected in late July 2026, ahead of the original contractual delivery deadline of December 2026, demonstrating the company's effective management in new vessel construction.
- Substitution Vessel Arrangement: To ensure continuity of service under its long-term time charter, DHT Gazelle will be substituted with DHT Addax, which was also delivered in March 2026, ensuring business stability and uninterrupted customer service.
- Other Vessels Unaffected: DHT also confirmed that its newbuildings delivered in January and March 2026, DHT Antelope and DHT Addax, as well as DHT Oryx scheduled for delivery in August 2028, do not require any upgrades, reflecting the company's strong management of its existing fleet.
See More
Oil Tanker Hiring Costs Surge in Persian Gulf
- Hiring Costs Surge: The cost of hiring oil tankers in the Persian Gulf has nearly doubled in the past week, rising from $106K/day to $190K/day, indicating a strong rebound in demand as Middle Eastern producers rush to transport stranded crude.
- Record Earnings for VLCCs: Average daily earnings for very large crude carriers (VLCCs) have reached nearly $470K/day for cargoes needing to transit through the Strait of Hormuz, reflecting a more than $50K increase from the previous week, highlighting the acute supply-demand imbalance.
- Insurance Costs Decline: Despite soaring hiring rates, war risk insurance costs have softened from approximately 5% to 3% of a ship's value, translating to hundreds of thousands of dollars in savings for shipowners, thereby alleviating some cost pressures.
- Tight Shipping Capacity: Traffic through the Strait of Hormuz remains well below the pre-conflict daily average of 125 ships, with around 100 tankers stranded in the Persian Gulf, exacerbating the shortage of available vessels and indicating significant implications for Middle Eastern crude exports in the coming weeks.
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Capital Link Shipping Expands Market Insights Platform
- Executive Insights Expansion: Capital Link Shipping has expanded its platform with new executive discussions featuring leaders from Scorpio Tankers and DHT Holdings, providing in-depth insights into the product tanker market and company strategies, aimed at offering investors a comprehensive market perspective.
- Market Dynamics Analysis: Through dialogues with industry leaders, the platform delivers critical analysis of the crude oil tanker market's key forces, including geopolitics and energy transition, assisting shipping professionals in grasping market trends.
- Industry Data Sharing: Leveraging its extensive industry network, Capital Link Shipping regularly publishes market data and analysis, enhancing investors' understanding of shipping and capital markets while promoting information transparency.
- Complimentary Access Registration: The platform offers complimentary registration for market intelligence access, attracting more shipping professionals and investors, thereby further expanding its influence in the global shipping market.
See More
Capital Link Shipping Expands Maritime Market Insights
- Executive Insights Expansion: Capital Link Shipping has enriched its platform with new executive discussions featuring leaders from Scorpio Tankers and DHT Holdings, delving into the product tanker market and growth strategies, reflecting a positive market outlook following Q1 2026 earnings reports.
- Market Dynamics Analysis: Executives from DNV Maritime and Deutsche Bank Securities shared insights on the latest trends in shipping and capital markets, emphasizing the industry's adaptability amid geopolitical shifts and energy transitions, showcasing enhanced resilience.
- Industry Expert Perspectives: CEOs from Heidmar Maritime and Star Bulk Carriers discussed their strong performance and market opportunities, indicating significant growth potential in both dry bulk and tanker markets, which could attract increased investor interest.
- Complimentary Platform Access: The Capital Link Shipping platform offers complimentary registration for users to access market data, industry analysis, and executive interviews, aiming to enhance market insights for shipping professionals and investors while promoting information transparency.
See More
Capital Link: Insights and Developments in the Shipping Market
- Market Insights Sharing: Capital Link Shipping platform provides the latest updates on the product and crude oil tanker markets through in-depth discussions with executives from Scorpio Tankers and DHT Holdings, aiding investors in understanding market trends and company strategies.
- Industry Leaders' Perspectives: Carlos Balestra di Mottola, CEO of d'Amico International Shipping, shared insights on the company's earnings growth and expansion strategy following Q1 2026 performance, emphasizing the importance of maintaining growth in a competitive market.
- Capital Markets Update: James Cirenza from DNB Markets provided updates on the U.S. capital markets, reflecting the close ties between the shipping industry and capital markets, indicating ongoing investor interest in the shipping sector.
- Free Platform Access: The Capital Link Shipping platform offers complimentary access to market intelligence through free registration, aiming to provide shipping professionals and investors with direct access to market data and executive insights, fostering information sharing and communication within the industry.
See More
Record 262 New Oil Supertankers Ordered Amid Market Boom
- Record Orders: According to Clarkson Research, shipowners have placed orders for a record 262 new oil supertankers globally, surpassing the previous peak set in October 2008, indicating robust demand in the market.
- Market Drivers: The ongoing Iran war has disrupted cargo flows, causing tanker rates to double from pre-conflict levels and sometimes reach all-time highs of several hundred thousand dollars per day, directly fueling the surge in new orders.
- Potential Risks: The continued blockage of the Strait of Hormuz may slash cargo flows, which could hurt earnings if sustained, especially if the conflict leads to a long-term decline in demand.
- Fleet Renewal Needs: With the average age of the supertanker fleet reaching its highest since 1998, owners are increasingly recognizing the necessity for fleet renewal to maintain competitiveness and adapt to future market changes.
See More
DHT Holdings Announces Design Upgrades for Newbuildings
- Design Upgrade Plan: DHT Holdings has announced a proactive design upgrade for its two newbuildings to ensure optimal trading eligibility and enhance commercial flexibility, which is expected to improve operational efficiency and market competitiveness.
- Early Delivery Timeline: The delivery of DHT Impala is now expected in late July 2026, ahead of the original contractual delivery deadline of December 2026, demonstrating the company's effective management in new vessel construction.
- Substitution Vessel Arrangement: To ensure continuity of service under its long-term time charter, DHT Gazelle will be substituted with DHT Addax, which was also delivered in March 2026, ensuring business stability and uninterrupted customer service.
- Other Vessels Unaffected: DHT also confirmed that its newbuildings delivered in January and March 2026, DHT Antelope and DHT Addax, as well as DHT Oryx scheduled for delivery in August 2028, do not require any upgrades, reflecting the company's strong management of its existing fleet.
See More
Oil Tanker Hiring Costs Surge in Persian Gulf
- Hiring Costs Surge: The cost of hiring oil tankers in the Persian Gulf has nearly doubled in the past week, rising from $106K/day to $190K/day, indicating a strong rebound in demand as Middle Eastern producers rush to transport stranded crude.
- Record Earnings for VLCCs: Average daily earnings for very large crude carriers (VLCCs) have reached nearly $470K/day for cargoes needing to transit through the Strait of Hormuz, reflecting a more than $50K increase from the previous week, highlighting the acute supply-demand imbalance.
- Insurance Costs Decline: Despite soaring hiring rates, war risk insurance costs have softened from approximately 5% to 3% of a ship's value, translating to hundreds of thousands of dollars in savings for shipowners, thereby alleviating some cost pressures.
- Tight Shipping Capacity: Traffic through the Strait of Hormuz remains well below the pre-conflict daily average of 125 ships, with around 100 tankers stranded in the Persian Gulf, exacerbating the shortage of available vessels and indicating significant implications for Middle Eastern crude exports in the coming weeks.
See More
Capital Link Shipping Expands Market Insights Platform
- Executive Insights Expansion: Capital Link Shipping has expanded its platform with new executive discussions featuring leaders from Scorpio Tankers and DHT Holdings, providing in-depth insights into the product tanker market and company strategies, aimed at offering investors a comprehensive market perspective.
- Market Dynamics Analysis: Through dialogues with industry leaders, the platform delivers critical analysis of the crude oil tanker market's key forces, including geopolitics and energy transition, assisting shipping professionals in grasping market trends.
- Industry Data Sharing: Leveraging its extensive industry network, Capital Link Shipping regularly publishes market data and analysis, enhancing investors' understanding of shipping and capital markets while promoting information transparency.
- Complimentary Access Registration: The platform offers complimentary registration for market intelligence access, attracting more shipping professionals and investors, thereby further expanding its influence in the global shipping market.
See More
Capital Link Shipping Expands Maritime Market Insights
- Executive Insights Expansion: Capital Link Shipping has enriched its platform with new executive discussions featuring leaders from Scorpio Tankers and DHT Holdings, delving into the product tanker market and growth strategies, reflecting a positive market outlook following Q1 2026 earnings reports.
- Market Dynamics Analysis: Executives from DNV Maritime and Deutsche Bank Securities shared insights on the latest trends in shipping and capital markets, emphasizing the industry's adaptability amid geopolitical shifts and energy transitions, showcasing enhanced resilience.
- Industry Expert Perspectives: CEOs from Heidmar Maritime and Star Bulk Carriers discussed their strong performance and market opportunities, indicating significant growth potential in both dry bulk and tanker markets, which could attract increased investor interest.
- Complimentary Platform Access: The Capital Link Shipping platform offers complimentary registration for users to access market data, industry analysis, and executive interviews, aiming to enhance market insights for shipping professionals and investors while promoting information transparency.
See More
Capital Link: Insights and Developments in the Shipping Market
- Market Insights Sharing: Capital Link Shipping platform provides the latest updates on the product and crude oil tanker markets through in-depth discussions with executives from Scorpio Tankers and DHT Holdings, aiding investors in understanding market trends and company strategies.
- Industry Leaders' Perspectives: Carlos Balestra di Mottola, CEO of d'Amico International Shipping, shared insights on the company's earnings growth and expansion strategy following Q1 2026 performance, emphasizing the importance of maintaining growth in a competitive market.
- Capital Markets Update: James Cirenza from DNB Markets provided updates on the U.S. capital markets, reflecting the close ties between the shipping industry and capital markets, indicating ongoing investor interest in the shipping sector.
- Free Platform Access: The Capital Link Shipping platform offers complimentary access to market intelligence through free registration, aiming to provide shipping professionals and investors with direct access to market data and executive insights, fostering information sharing and communication within the industry.
See More
Record 262 New Oil Supertankers Ordered Amid Market Boom
- Record Orders: According to Clarkson Research, shipowners have placed orders for a record 262 new oil supertankers globally, surpassing the previous peak set in October 2008, indicating robust demand in the market.
- Market Drivers: The ongoing Iran war has disrupted cargo flows, causing tanker rates to double from pre-conflict levels and sometimes reach all-time highs of several hundred thousand dollars per day, directly fueling the surge in new orders.
- Potential Risks: The continued blockage of the Strait of Hormuz may slash cargo flows, which could hurt earnings if sustained, especially if the conflict leads to a long-term decline in demand.
- Fleet Renewal Needs: With the average age of the supertanker fleet reaching its highest since 1998, owners are increasingly recognizing the necessity for fleet renewal to maintain competitiveness and adapt to future market changes.
See More
