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Vessels, subsidiaries and other property, plant and equipment (Tables)
12 Months Ended
Dec. 31, 2023
Vessels, subsidiaries and other property, plant and equipment [Abstract]  
Vessel Subsidiaries
The vessels are owned by companies incorporated in the Marshall Islands or the Cayman Islands. The Company directly owns 100% of the vessel subsidiaries. The primary activity of each of the vessel subsidiaries is the ownership and operation of a vessel. In addition, the Company has a vessel-chartering subsidiary and three subsidiaries, DHT Management S.A.M. (Monaco), DHT Management AS (Norway) and DHT Ship Management (Singapore) Pte. Ltd., that perform management services for DHT and its subsidiaries. In addition, the Company directly owns 53% of Goodwood providing technical management services. The following table sets out the details of the vessel subsidiaries included in these consolidated financial statements:
 
Company
Vessel name
Dwt
Flag State
Year Built
DHT Appaloosa Inc
DHT Appaloosa
318,918 Hong Kong 2018
DHT Mustang Inc
DHT Mustang
317,975
Hong Kong
2018
DHT Bronco Inc
DHT Bronco
317,975
Hong Kong
2018
DHT Colt Inc
DHT Colt
319,713
Hong Kong
2018
DHT Stallion Inc
DHT Stallion
319,713
Hong Kong
2018
DHT Tiger Limited
DHT Tiger
299,629
Hong Kong
2017
DHT Harrier Inc DHT Harrier 299,985 Hong Kong 2016
DHT Puma Limited
DHT Puma
299,629
Hong Kong
2016
DHT Panther Limited
DHT Panther
299,629
Hong Kong
2016
DHT Osprey Inc DHT Osprey 299,999 Hong Kong 2016
DHT Lion Limited
DHT Lion
299,629
Hong Kong
2016
DHT Leopard Limited
DHT Leopard
299,629
Hong Kong
2016
DHT Jaguar Limited
DHT Jaguar
299,629
Hong Kong
2015
Samco Iota Ltd
DHT Taiga
318,130
Hong Kong
2012
DHT Opal Inc
DHT Opal
320,105 Hong Kong 2012
Samco Theta Ltd
DHT Sundarbans
318,123 Hong Kong 2012
Samco Kappa Ltd
DHT Redwood
318,130 Hong Kong 2011
Samco Eta Ltd
DHT Amazon
318,130 Hong Kong 2011
DHT Peony Inc
DHT Peony
320,013
Hong Kong
2011
DHT Lotus Inc
DHT Lotus
320,142
Hong Kong
2011
Samco Epsilon Ltd DHT China
317,794 Hong Kong 2007
Samco Delta Ltd DHT Europe
317,713 Hong Kong 2007
DHT Bauhinia Inc DHT Bauhinia
301,019 Hong Kong 2007
Samco Gamma Ltd DHT Scandinavia
317,826 Hong Kong 2006
Vessels
Vessels
 
(Dollars in thousands)
 
Vessels
   
Drydock
   
EGCS1
   
Total
 
Cost
                       
As of January 1, 2023
  $
1,834,769
    $
46,617
    $
51,871
    $
1,933,258
 
Additions
    94,743       -       -       94,743  
Transferred from vessel upgrades
   
-
     
11,159
     
22,758
     
33,917
 
Disposals
   
-
     
(9,040
)
   
-
     
(9,040
)
As of December 31, 2023
  $
1,929,513
    $
48,736
    $
74,630
    $
2,052,878
 
 
                               
Accumulated depreciation and impairment
                               
As of January 1, 2023
  $
(602,390
)
  $
(20,792
)
  $
(48,079
)
  $
(671,260
)
Charge for the period
   
(87,688
)
   
(10,784
)
   
(8,477
)
   
(106,948
)
Disposals
    -      
9,040
      -      
9,040
 
As of December 31, 2023
  $
(690,077
)
  $
(22,535
)
  $
(56,556
)
  $
(769,168
)
                                 
Net book value
                               
As of December 31, 2023
  $
1,239,435
    $
26,201
    $
18,074
    $
1,283,710
 
                                 
Cost
                               
As of January 1, 20222
  $
1,979,237
    $
54,368
    $
59,311
    $
2,092,917
 
Additions
    96       (12 )     3       86  
Transferred from vessel upgrades
   
1,467
     
7,223
     
-
     
8,690
 
Disposals
   
(146,031
)
   
(14,961
)
   
(7,443
)
   
(168,435
)
As of December 31, 2022
  $
1,834,769
    $
46,617
    $
51,871
    $
1,933,258
 
                                 
Accumulated depreciation and impairment
                               
As of January 1, 20222
  $
(573,817
)
  $
(17,766
)
  $
(33,488
)
  $
(625,071
)
Charge for the period
   
(89,615
)
   
(11,412
)
   
(20,710
)
   
(121,738
)
Disposals
   
61,042
     
8,387
     
6,119
     
75,549
 
As of December 31, 2022
  $
(602,390
)
  $
(20,792
)
  $
(48,079
)
  $
(671,260
)
                                 
Net book value
                               
As of December 31, 2022
  $
1,232,380
    $
25,826
    $
3,793
    $
1,261,998
 
                                 
Advances for vessel upgrades
                               
As of January 1, 2023
  $
-
    $
2,807
    $
1,776
    $
4,583
 
Additions
   
-
     
8,362
     
20,983
     
29,345
 
Transferred to vessels
   
-
     
(11,159
)
   
(22,758
)
   
(33,917
)
As of December 31, 2023
  $
-
    $
10
    $
-
    $
10
 
                                 
As of January 1, 2022
  $
232
    $
140
    $
-
    $
372
 
Additions
   
1,235
     
9,890
     
1,776
     
12,900
 
Transferred to vessels
   
(1,467
)
   
(7,223
)
   
-
     
(8,690
)
As of December 31, 2022
  $
-
    $
2,807
    $
1,776
    $
4,583
 

1
Exhaust Gas Cleaning Systems (“EGCS”).
2
Correction of $72,687 thousand to reflect accurate historic cost and accumulated depreciation for remaining vessels. This correction of historical amounts has no impact on impairment, depreciation, net book value or any other income statements, cash flows or statements of financial position amounts in any of the periods presented.

Other Property, Plant and Equipment
The Company’s other property, plant and equipment line item in the consolidated statement of financial position mainly consists of right-of-use (“ROU”) assets, fixtures, furniture and computer equipment. The ROU assets relate to the Company’s leased office space in Monaco, Norway, Singapore and India where the Company is a lessee.

(Dollars in thousands)
 
2023
   
2022
 
Right-of-use assets
 
$
5,693
   
$
3,626
 
Other property, plant and equipment
   
956
     
1,323
 
Total other property, plant and equipment
 
$
6,649
   
$
4,949