Crude oil tanker company DHT Holdings has entered into an agreement to sell its very large crude carrier (VLCC) DHT Edelweiss which is not fitted with an exhaust gas cleaning system (scrubber) in an effort to meet regulatory standards.
The company is selling the 2008-built VLCC to an undisclosed buyer for $37 million and expects to deliver the vessel during the third quarter of 2022.
The scrubber-less vessel is due for its third special survey and installation of a ballast water treatment system (BWTS) in the first quarter of 2023.
According to DHT Holdings, the sale will reduce the average age of the company’s fleet and improve its Annual Efficiency Ratio (AER) and Energy Efficiency Operational Indicator (EEOI) metrics.
The vessel’s outstanding bank debt of about $12.2 million will be repaid in connection with the sale and the company expects to record a gain of about $6.8 million in the third quarter of 2022.
DHT Holdings added that, after this sale and the recently announced retrofit program, the entire fleet will be fitted with scrubbers by the first quarter of 2023.
As reported by Offshore Energy, the company committed $25 million to retrofit an additional eight vessels with scrubbers.
Crude oil tanker company DHT Holdings has entered into an agreement to sell its very large crude carrier (VLCC) DHT Edelweiss which is not fitted with an exhaust gas cleaning system (scrubber) in an effort to meet regulatory standards.
The company is selling the 2008-built VLCC to an undisclosed buyer for $37 million and expects to deliver the vessel during the third quarter of 2022.
The scrubber-less vessel is due for its third special survey and installation of a ballast water treatment system (BWTS) in the first quarter of 2023.
According to DHT Holdings, the sale will reduce the average age of the company’s fleet and improve its Annual Efficiency Ratio (AER) and Energy Efficiency Operational Indicator (EEOI) metrics.
The vessel’s outstanding bank debt of about $12.2 million will be repaid in connection with the sale and the company expects to record a gain of about $6.8 million in the third quarter of 2022.
DHT Holdings added that, after this sale and the recently announced retrofit program, the entire fleet will be fitted with scrubbers by the first quarter of 2023.
As reported by Offshore Energy, the company committed $25 million to retrofit an additional eight vessels with scrubbers.
Source: World Maritime News
