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Vessels (Tables)
 9 Months Ended
Sep. 30, 2026
Vessels [Abstract]  
Vessel Costs
Vessels

Cost of Vessels      
$ in thousands
      
At January 1, 2026
    
1,812,535
  
Additions
    
388
  
Transferred from vessels under construction
    543,809  
Transferred from vessels upgrades
    15,340  
Transferred to asset held for sale
    (48,016 )
Retirement 1     (11,180 )
At September 30, 2026
    
2,312,874
  

Depreciation and amortization
      
$ in thousands
      
At January 1, 2026
    
728,644
  
Depreciation and amortization 2
    
80,963
  
Transferred to asset held for sale
    (31,239 )
Retirement 1     (11,180 )
At September 30, 2026
    
767,187
  

Carrying Amount        
$ in thousands
            
At January 1, 2026
    
1,083,891
  
At September 30, 2026
    
1,545,687
  
1 Relates to completed depreciation of drydocking for DHT Amazon, DHT Lion, DHT Osprey, DHT Puma, DHT Panther, and DHT Harrier.
2 Relates solely to depreciation of vessels, drydocking, and EGCS. Depreciation of office leases and other property, plant, and equipment represents an additional $1,264 thousand, which combined with the depreciation of vessels, drydocking, and EGCS comprises $82,227 thousand in depreciation and amortization.

Gain on sale of vessels

In the fourth quarter of 2025, the Company entered into agreements to sell DHT Europe and DHT China, each built in 2007, for an aggregate consideration of $101.6 million. DHT Europe was delivered to its new owner on January 30, 2026, and DHT China was delivered on March 30, 2026. Following the repayment of existing debt associated with one of the vessels in the amount of $5.6 million, the Company received net cash proceeds of approximately $95.0 million. The Company recognized a gain of $60.0 million in the first quarter of 2026 in connection with the sales.


In January 2026, the Company entered into an agreement to sell DHT Bauhinia, built in 2007, for a sales price of $51.5 million. The vessel was delivered to its new owner in July 2026 and was debt-free at the time of sale. The Company received net cash proceeds of approximately $50.9 million, and the Company recognized a gain of $34.2 million in the third quarter of 2026 in connection with the sale.
In the first nine months of 2025, the Company recognized a gain of $52.9 million related to the sales of DHT Scandinavia, DHT Lotus and DHT Peony.


Vessel upgrades

Cost of vessel upgrades      
$ in thousands
      
At January 1, 2026
    
348
  
Additions
    
17,546
  
Transferred to vessels
     (15,340 )
At September 30, 2026
    
2,555
  
Vessel costs advances for vessels under construction Vessels under construction

Cost of vessels under construction      
$ in thousands
      
At January 1, 2026
    
301,651
  
Additions
     255,536  
Transferred to vessels
    (543,809 )
At September 30, 2026
    
13,379
  
Future expected payments for vessels under construction

The following table represents future expected payments related to the vessels under construction as of September 30, 2026:

Vessels under construction      
$ in thousands
      
Within the next 12 months
    
26,550
  
From one to two years
    92,925  
At September 30, 2026*
    
119,475
  


*These are estimates only and are subject to change as construction progresses.