DHT reports jump in VLCC earnings in second quarter before a dip in the third

DHT Holdings reported a rise in second-quarter VLCC earnings, though they pulled back in so far in the third quarter as the spot market started the month on a downward note.

The New York-listed owner of large crude tankers said its second-quarter time charter equivalent (TCE) earnings rose to $56,300 per day, including $36,200 per day for vessels on period charters and $64,800 per day for VLCCs operating in the spot market.