<SEC-DOCUMENT>0000950157-18-001117.txt : 20181105
<SEC-HEADER>0000950157-18-001117.hdr.sgml : 20181105
<ACCEPTANCE-DATETIME>20181105163533
ACCESSION NUMBER:		0000950157-18-001117
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		44
CONFORMED PERIOD OF REPORT:	20180930
FILED AS OF DATE:		20181105
DATE AS OF CHANGE:		20181105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DHT Holdings, Inc.
		CENTRAL INDEX KEY:			0001331284
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32640
		FILM NUMBER:		181160339

	BUSINESS ADDRESS:	
		STREET 1:		CLARENDON HOUSE
		STREET 2:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11
		BUSINESS PHONE:		1 441 299-4912

	MAIL ADDRESS:	
		STREET 1:		CLARENDON HOUSE
		STREET 2:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DHT Maritime, Inc.
		DATE OF NAME CHANGE:	20080627

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Double Hull Tankers, Inc.
		DATE OF NAME CHANGE:	20050624
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>REPORT OF FOREIGN ISSUER
<TEXT>
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<div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">SECURITIES AND EXCHANGE COMMISSION</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">Washington, D.C. 20549</div>

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<div style="FONT-SIZE: 18pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">Form&#160;6-K</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">Report of Foreign Private Issuer</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">Pursuant to Rule&#160;13a-16 or 15d-16 under<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> the Securities Exchange Act of 1934</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">For the month of November 2018</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">Commission File Number 001-32640</div>

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<div style="FONT-SIZE: 24pt; FONT-FAMILY: 'Times New Roman', serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">DHT HOLDINGS, INC.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">(Exact name of Registrant as specified in its charter)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">Clarendon House<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font>2 Church Street, Hamilton HM 11<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><br>
</font> Bermuda</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">(Address of principal executive offices)</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: center">Form&#160;20-F <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#9745;</font> &#160;&#160;Form&#160;40-F <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">&#9744;</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _____</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; COLOR: #000000">)(7): _____</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">
<div><u>Press Releases</u></div>

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<div>The press release issued by DHT Holdings, Inc. (the &#8220;Company&#8221; or &#8220;DHT&#8221;) on November 1, 2018 related to its results for the third quarter of 2018 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>Incorporation by Reference</u></div>

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<div>Exhibit 99.1 to this Report on Form 6-K shall be incorporated by reference into the Company&#8217;s registration statements on Form F-3 (file Nos. 333-199697 and 333-219069), initially filed with the Securities and Exchange Commission on October 30, 2014 and June 30, 2017, respectively, as amended, in each case to the extent not superseded by information subsequently filed or furnished (to the extent the Company expressly states that it incorporates such furnished information by reference) by the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">EXHIBIT LIST</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: left">Description</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">99.1</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Press Release dated November 1, 2018</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: center">SIGNATURES</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">DHT Holdings, Inc.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">(Registrant)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Date: November 5, 2018</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">By:</div>
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<td style="WIDTH: 30.07%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">&#160; /s/ Laila C. Halvorsen</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Name: Laila C. Halvorsen</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Title: Chief Financial Officer</div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<div style="FONT-WEIGHT: bold; TEXT-ALIGN: right">Exhibit 99.1</div>

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<div style="FONT-SIZE: 16pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">DHT Holdings, Inc. Third Quarter 2018 Results</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 13.55pt; MARGIN-RIGHT: 24.6pt">HAMILTON, BERMUDA, November 1, 2018 &#8211; DHT Holdings, Inc. (NYSE:DHT) (&#8220;DHT&#8221; or the &#8220;Company&#8221;) today announced:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">FINANCIAL AND OPERATIONAL HIGHLIGHTS:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">USD mill. (except per share)</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">Q3 2018</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">Q2 2018</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">Q4 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">Q3 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">2016</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Adjusted Net Revenue<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">1</sup></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">48.2</div>
</td>
<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">34.4</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">46.2</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">56.6</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">54.8</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">241.8</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">290.7</div>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Adjusted EBITDA<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">2</sup></div>
</td>
<td style="BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">25.1</div>
</td>
<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">12.7</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">24.0</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">33.5</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">31.4</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">152.1</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">209.4</div>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Net Income/(Loss)</div>
</td>
<td style="BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(21.5)<font style="FONT-WEIGHT: normal"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup></font></div>
</td>
<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(28.2)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(9.2)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(7.5)<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; COLOR: #000000; LINE-HEIGHT: 1"> 3</sup></div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(5.1)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">6.6<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">3</sup></div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">9.3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">3</sup></div>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">EPS &#8211; basic</div>
</td>
<td style="BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.15)</div>
</td>
<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.20)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.06)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.05)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.04)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.05</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.10</div>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">EPS &#8211; diluted</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">4</sup></div>
</td>
<td style="BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.15)</div>
</td>
<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.20)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.06)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.05)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(0.04)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.05</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.10</div>
</td>
</tr>

<tr style="HEIGHT: 17px">
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Interest Bearing Debt</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">935.1</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">856.0</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">764.4</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">786.2</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">826.0</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">786.2</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">701.5</div>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Cash</div>
</td>
<td style="BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">86.6</div>
</td>
<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">76.9</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">69.8</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">77.3</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">86.5</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">77.3</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">109.3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; COLOR: #000000; LINE-HEIGHT: 1">5</sup></div>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">Dividend</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">6</sup></div>
</td>
<td style="BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: 2px solid; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.02</div>
</td>
<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.02</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.02</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.02</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.02</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.14</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.58</div>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Spot Exposure<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">7</sup></div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">72.0%</div>
</td>
<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">70.4%</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">70.7%</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">73.6%</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">67.9%</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">66.4%</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">57.8%</div>
</td>
</tr>

<tr>
<td style="BORDER-RIGHT: #359b8a 2px solid; WIDTH: 24%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Unscheduled off hire<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">7</sup></div>
</td>
<td style="BORDER-RIGHT: #359b8a 4px solid; WIDTH: 10.7%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 4px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.1%</div>
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<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.0%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.1%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.1%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.3%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.2%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">1.8%</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Scheduled off hire<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">7</sup></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.0%</div>
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<td style="WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #359b8a 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.0%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 9.6%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.7%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">0.3%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">2.7%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">2.0%</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.68%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">1.7%</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Adjusted EBITDA for the quarter of $25.1 million. Net loss for the quarter of $21.5 million or loss of $0.15 per basic share. The net result was affected by a non-cash finance expense of $3.6 million related to the private exchange of convertible notes due 2019 and a non-cash impairment charge of $3.5 million related to the planned sale of DHT Cathy and DHT Sophie, equal to $0.05 per basic share.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">The Company&#8217;s VLCCs achieved time charter equivalent earnings of $19,600 per day in the third quarter of 2018 of which the Company&#8217;s VLCCs on time-charter earned $22,500 per day and the Company&#8217;s VLCCs operating in the spot market achieved $18,500 per day.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Thus far in the fourth quarter of 2018, 66% of the available VLCC spot days have been booked at an average rate of $32<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">,700</font> per day.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">For the third quarter of 2018, the Company will return $2.9 million to shareholders in the form of a cash dividend of $<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">0.02</font> per share, payable on November 23, 2018 for shareholders of record as of November 16, 2018.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">On July 27, 2018 the Company took delivery of DHT Bronco, the first of its two VLCC newbuildings from HHI. A total of $51.4 million of debt was drawn in connection with the delivery.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">In August 2018 we completed a privately negotiated exchange agreement with certain holders of the outstanding 4.5% Convertible Senior Notes due 2019 to exchange approximately $73.0 million aggregate principal amount of the existing notes for approximately $80.3 million aggregate principal amount of the Company&#8217;s new 4.5% Convertible Senior Notes due 2021. In addition, a private placement of approximately $44.7 million aggregate principal amount of the Company&#8217;s new 4.5% Convertible Senior Notes due 2021 for gross proceeds of approximately $41.6 million. Following closing of the private exchange and the private placement, there are $125 million aggregate principal amount of 2021 Notes outstanding and approximately $32.9 million aggregate principal amount of 2019 Notes outstanding.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">In September 2018 we secured a $50 million scrubber financing structured through an increase of the existing $300 million secured credit facility entered into in the second quarter of 2017. The increased facility will bear the same interest rate equal to Libor + 2.40%. The increased facility is available, but currently undrawn, and will have quarterly repayments of $2.5 million commencing second quarter 2020. Other terms and conditions remain unchanged.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">In the third quarter, the Company entered into 5-year amortizing interest rate swap agreements totaling $410.3 million with an average fixed interest rate of 2.96%, as compared to current 3M Libor of 2.56%,&#160;and maturity in the second and third quarter of 2023.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">SUBSEQUENT EVENTS HIGHLIGHTS:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify">On October 8, 2018 the Company took delivery of DHT Mustang, the second of its two VLCC newbuildings from HHI. A total of $51.4 million of debt was drawn in connection with the delivery. Following this, the company has no further newbuildings under contract.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify">In October, the Company entered into agreement to install exhaust gas cleaning systems, also known as scrubbers, on four additional VLCCs. The systems will be installed on ships built between 2006 and 2011 and the installations will be conducted during 2019. The Company will have a total of eighteen VLCCs fitted with scrubbers when the IMO Sulphur Cap will be implemented January 1, 2020.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify">In October, the Company has agreed main terms to sell DHT Cathy and DHT Sophie for $24.3 million enbloc. The vessels are expected to be delivered to the buyer in the fourth quarter of 2018. We have recorded an impairment of $3.5 million in the third quarter in connection with the expected sale. The vessels carry combined debt of $8.7 million and the Company will net about $15.4 million in cash from the expected sale. Outstanding debt will be repaid in connection with the expected sale.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">Subsequent to the quarter the Company extended time-charters for two of its VLCCs to an oil major for periods of 3- to 4-years. &#160;The vessels are among the ones that will be fitted with scrubbers and have been extended with fixed base rates plus market related profit sharing structures that include commercial benefits of the scrubbers.&#160;</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">As of November 1, 2018 DHT has a fleet of 27 VLCCs, as well as two Aframaxes. The total dwt of the fleet is 8,590,740.&#160;For more details on the fleet, please refer to our web site: <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>http://dhtankers.com/index.php?name=About_DHT%2FFleet.html</u></font>.</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 13.55pt; MARGIN-RIGHT: 4.25pt"><u>Footnotes:</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">1</sup>Shipping Revenues net of voyage expenses.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">2</sup>Shipping Revenues net of voyage expenses, vessel operating expenses and general and administrative expenses.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller">3</sup>Q3 2018 includes a non-cash impairment charge of $3.5 million related to the planned sale of DHT Cathy and DHT Sophie, Q4 2017 includes a non-cash impairment charge of $1.1 million and a net loss of $3.3 million related to the sale of DHT Eagle and DHT Utah. 2017 includes impairment charges of $8.5 million and net loss of $3.5 million related to sale of vessels. 2016 includes total impairment charges of $84.7 million.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">4</sup>Diluted shares include the dilutive effect of the convertible senior notes and restricted shares granted to management and members of the board of directors.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">5</sup>The cash balance as of December 31, 2016 includes $48.7 million relating to the financing for DHT Tiger which was drawn in 2016 in advance of the delivery of the DHT Tiger on January 16, 2017.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">6</sup>Per common share.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">7</sup>As % of total operating days in period.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">Shipping revenues for the third quarter of 2018 of $90.2 million compared to shipping revenues of $84.4 million in the third quarter of 2017.</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">The change from the 2017 period to the 2018 period was due an increase in the fleet and a non-cash IFRS 15 adjustment of $2.4 million partly offset by lower tankers rates.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">Voyage expenses for the third quarter of 2018 were $42.0 million, compared to voyage expenses of $29.6 million in the third quarter of 2017.&#160;The increase was mainly due to higher bunker cost in the 2018 period and</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">more vessels in the spot market in addition to a non-cash IFRS 15 adjustment of $1.1 million.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The Company&#8217;s VLCCs achieved time charter equivalent earnings for the vessels operating in the spot market of $18,500 per day in the third quarter of 2018.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Vessel operating expenses for the third quarter of 2018 were $19.6 million, compared to $19.5 million in the third quarter of 2017.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Depreciation and amortization, including depreciation of capitalized survey expenses, was $26.7 million for the third quarter of 2018, compared to $26.5 million in the third quarter of 2017.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify">In the third quarter of 2018 we recorded an impairment charge of $3.5 million related to the planned sale of DHT Cathy and DHT Sophie.</div>

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 General &amp; administrative expense (&#8220;G&amp;A&#8221;) for the third quarter of 2018 was $3.4 million, consisting of $3.1 million cash and $0.3 million non-cash charges, compared to $3.9 million in the third quarter of 2017, consisting of $2.9 million cash and $1.0 million non-cash charges. Non-cash G&amp;A includes accrual for social security tax.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">Net financial expenses for the third quarter of 2018 were $16.4 million compared to $9.9 million in the third quarter of 2017. The increase includes a non-cash finance expense of $3.6 million </font>related to the private exchange of convertible notes due 2019,<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000"> increased borrowings in connection with an increase in the fleet and higher LIBOR.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The Company had net loss in the third quarter of 2018 of $21.5 million, or loss of $0.15 per basic share and $0.15 per diluted share, compared to net loss in the third quarter of 2017 of $5.1 million, or loss of $0.04 per basic share and $0.04 per diluted share.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">Net cash used in operating activities for the third quarter of 2018 was $4.4 million compared to net cash provided by operating activities of $17.6 million for the third </font>quarter of 2017<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">. The decrease is mainly due to net loss of $21.5 million in the third quarter 2018 (including a non-cash impairment charge of $3.5 million) compared to net loss of $5.1 million in the third quarter 2017 and an increase in working capital of $18.2 million in the third quarter of 2018 compared to an increase in working capital of $5.8 million in the third quarter of 2017.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Net cash used in investing activities was $58.7 million in the third quarter of 2018 and was mainly related to investment in vessels under construction. Net cash used in investing activities was $15.3 million in the third quarter of 2017 comprising $9.4 million related to investment in vessels under construction and $5.9 million related to capital expenditures for vessels undergoing special survey and drydocking.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Net cash provided by financing activities for the third quarter of 2018 was $72.7 million comprising $50.7 million related to issuance of debt and $39.3 million related to issuance of convertible bonds offset by $14.5 million related to scheduled repayment of long-term debt and $2.9 million related to cash dividend paid. Net cash used in financing activities for the third quarter of 2017 was $19.7 million comprising $16.8 million related to scheduled repayment of long-term debt and $2.8 million related to cash dividend paid.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">As of September 30, 2018, our cash balance was $86.6 million, compared to $77.3 million as of December 31, 2017.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">We declared a cash dividend of $0.02</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000"> per common share for the third quarter of 2018 </font>payable on November&#160;23, 2018 for shareholders of record as of November 16, 2018.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">We monitor our covenant compliance on an ongoing basis. As of the date of our most recent compliance certificates submitted for the third quarter of 2018, we are in compliance with our financial covenants.</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">As of September 30</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">, 2018</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">, we had </font>143,592,543 <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">shares of our common stock outstanding compared to </font>142,347,298<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff"> as of September 30</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">, 2017.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 13.55pt; MARGIN-RIGHT: 4.25pt"><u>FIRST THREE QUARTERS 2018 FINANCIALS</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">We reported shipping revenues for the first three quarters of 2018 of $237.3 million compared to $262.8 million in the first three quarters of 2017.&#160;The change from the 2017 period to the 2018 period was due to lower tanker rates partly offset by an increase in the fleet and a non-cash IFRS 15 adjustment of $2.0 million.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Voyage expenses for the first three quarters of 2018 were $108.5 million compared to voyage expenses of $77.7 million in the first three quarters of 2017.&#160;&#160;The increase was mainly due to higher bunker cost in the 2018 period and more vessels in the spot market in addition to a non-cash IFRS 15 adjustment of $0.7 million.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Vessel operating expenses for the first three quarters of 2018 were $54.6 million, compared to $51.0 million in the first three quarters of 2017. The increase is mainly due to an increase in the fleet.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Depreciation and amortization, including depreciation of capitalized survey expenses, was $75.2 million for the first three quarters of 2018, compared to $70.3 million in the first three quarters of 2017. The increase was due to an increase in the fleet.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">We recorded an impairment charge of $3.5 million in the first three quarters of 2018 related to the planned sale of DHT Cathy and DHT Sophie compared to an impairment charge of $7.5 million in the first three quarters of 2017 related to the sale of DHT Phoenix and DHT Ann.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">G&amp;A for the first three quarters of 2018 was $12.4 million, consisting of $10.3 million cash and $2.1 million non-cash, compared to $15.5 million, consisting of $11.6 million cash and $3.9 million non-cash for the first three quarters of 2017. Cash G&amp;A for the first three quarters of 2017 includes $1.9 million in advisory fees related to the Frontline proposal to acquire all outstanding shares in DHT.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">Net financial expenses for the first three quarters of 2018 were $41.9 million, compared to $26.3 million in the first three quarters of 2017. The increase includes a non-cash finance expense of $4.3 million related to upfront fees in connection with the refinancing, a non-cash finance expense of $3.6 million </font>related to the private exchange of convertible notes due 2019,<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000"> increased borrowings in connection with an increase in the fleet and higher LIBOR.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">We had net loss for the first three quarters of 2018 of $58.9 million, or loss of $0.41 per basic share and $0.41 per diluted share compared to net income of $14.1 million, or $0.12 per basic share and $0.12 per diluted share in the first three quarters of 2017. </font>The difference between the two periods reflects lower freight rates partly offset by a larger fleet.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">Net cash provided by operating activities for the first three quarters of 2018 was $25.7 million compared to</font> $94.4 million for the first three quarters of 2017<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">. The decrease is mainly due to lower net income.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Net cash used in investing activities for the first three quarters of 2018 was $146.3 million comprising $165.2 million related to investment in vessels under construction and $1.7 million related to investment in vessels offset by $20.7 million related to the sale of DHT Utik. Net cash used in investing activities for the first three quarters of 2017 was $214.5 million of which $165.7 million related to investment in vessels and $115.3 million related to investment in vessels under construction offset by $66.7 million related to the sale of DHT Ann, DHT Phoenix and DHT Chris.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Net cash provided by financing activities for the first three quarters of 2018 was $129.9 million comprising $522.7 million related to issuance of debt and $39.3 million related to issuance of convertible bonds offset by $377.9 million related to repayment of long-term debt in connection with refinancing, $37.0 million related to scheduled repayment of long-term debt, $8.7 million related to repayment of long-term debt in connection with sale of vessels and $8.6 million related to cash dividend paid. Net cash provided by financing activities for the first three quarters of 2017 was $97.3 million comprising $200.5 million related to issuance of debt offset by $40.2 million related to scheduled repayment of long-term debt, $25.4 million related to repayment of long-term debt in connection with sale of vessels, $20.5 million related to cash dividend paid and $17.1 million related to repurchase of convertible senior notes.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">As of September 30, 2018, our cash balance was $86.6 million, compared to $77.3 million as of December 31, 2017.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">As of September 30</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">, 2018</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">, we had </font>143,592,543 <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">shares of our common stock outstanding compared to 142,347,298 as of September 30</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">, 2017.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</u></div>

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<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Shipping revenues</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">90,177</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">67,233</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">79,911</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">92,244</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">84,374</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">355,052</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">356,010</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Voyage expenses</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(41,983)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(32,798)</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(33,721)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(35,619)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(29,594)</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(113,301)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(65,349)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Adjusted Net Revenue</div>
</td>
<td style="BORDER-TOP: 2px solid; BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: 2px solid; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">48,194</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">34,435</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.06%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">46,191</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">56,625</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">54,780</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">241,751</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">290,661</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 22px">
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Reconciliation of Adjusted EBITDA</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 16px">
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Net income/(loss) after tax</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(21,475)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(28,222)</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(9,213)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(7,514)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(5,067)</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">6,602</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">9,260</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Income tax expense/(income)</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">40</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">40</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">18</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(2)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">55</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">131</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">95</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Other financial (income)/expenses</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">3,850</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">606</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(92)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">253</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">81</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(443)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">40</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Fair value (gain)/loss on derivative financial instruments</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(486)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(187)</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(359)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(435)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(478)</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(2,154)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(3,235)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Interest expense</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">13,300</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">15,883</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">10,244</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">10,664</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">10,586</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">40,109</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">35,070</div>
</td>
</tr>

<tr style="HEIGHT: 17px">
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Interest income</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(73)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(80)</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(71)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(41)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(28)</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(140)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(66)</div>
</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Share of profit from associated companies</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(189)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(194)</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(258)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(172)</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(235)</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(802)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(649)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">(Profit)/loss, sale of vessel</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">&#8211;</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">&#8211;</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">46</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">3,257</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">&#8211;</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">3,540</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">(138)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Impairment charges</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">3,500</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">&#8211;</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">&#8211;</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">1,053</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">&#8211;</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">8,540</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">84,700</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Depreciation and amortization</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: 2px solid; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">26,682</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">24,869</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">23,674</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">26,417</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">26,468</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">96,758</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">84,340</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.17%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Adjusted EBITDA</div>
</td>
<td style="BORDER-RIGHT: #339966 4px solid; WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #339966 4px solid; BORDER-LEFT: #339966 4px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">25,149</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">12,716</div>
</td>
<td style="WIDTH: 9.06%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">23,990</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">33,479</div>
</td>
<td style="WIDTH: 9.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">31,382</div>
</td>
<td style="WIDTH: 8.88%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">152,141</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.69%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">209,415</div>
</td>
</tr>
</table>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">EARNINGS CONFERENCE CALL AND WEBCAST INFORMATION</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">The company will host a conference call </font>and webcast which will include a slide presentation<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000"> at 8:00 a.m. EDT/13:00 CET on Friday&#160;November 2, 2018</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000">&#160;</font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">to discuss the results for the quarter.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">All shareholders and other interested parties are invited to join the conference call, which may be accessed by calling 1&#160;323&#160;794 2423 <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">within the United States, 21 00 26 10 within Norway and +44&#160;330&#160;336 9127 for international callers</font>. The passcode is &#8220;DHT&#8221; or &#8220;1321003&#8221;.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The webcast which will include a slide presentation will be available on the following link:</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>https://edge.media-server.com/m6/p/5hbucz6q</u></font> and can also be accessed in the Investor Relations section on DHT&#8217;s website at <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>http://www.dhtankers.com</u></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">An audio replay of the conference call will be available through November 9, 2018.&#160; To access the replay, dial 1&#160;719&#160;457 0820</font>&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">within the United States, 23 50 00 77 within Norway or +44&#160;207&#160;660 0134 for international callers and enter </font>&#8220;1321003&#8221;<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000"> as the pass code.</font></div>

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<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">5</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">ABOUT DHT HOLDINGS, INC.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">DHT is an independent crude oil tanker company. Our fleet trades </font>internationally and consists of crude oil tankers in the VLCC and Aframax segments. We operate through our integrated management companies in Oslo, Norway and Singapore. You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for our fleet and a transparent corporate structure maintaining a high level of integrity and good governance.<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">&#160; For further information: </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-STYLE: normal"><u>www.dhtankers.com</u></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">.</font></div>

<div>&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">FORWARD LOOKING STATEMENTS</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company&#8217;s management as well as assumptions, expectations, projections, intentions and beliefs about future events, in particular regarding dividends (including our dividend plans, timing and the amount and growth of any dividends), daily charter rates, vessel utilization, the future number of newbuilding deliveries, oil prices and seasonal fluctuations in vessel supply and demand. When used in this document, words such as &#8220;believe,&#8221; &#8220;intend,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;forecast,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;should&#8221; and &#8220;expect&#8221; and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. &#160;These statements reflect the Company&#8217;s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. &#160;Given these uncertainties, you should not place undue reliance on these forward-looking statements. &#160;These forward-looking statements represent the Company&#8217;s estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. &#160;For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company&#8217;s Annual Report on Form 20-F, filed with the Securities and Exchange Commission on April 24, 2018.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. &#160;In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company&#8217;s actual results could differ materially from those anticipated in these forward-looking statements.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 13.4pt">CONTACT:</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 13.4pt">Laila C. Halvorsen, CFO</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 13.4pt">Phone: +1 441&#160;299 4981 and +47 984 39 935</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 13.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">E-mail: </font><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; FONT-WEIGHT: normal; FONT-STYLE: normal"><u>lch@dhtankers.com</u></font></div>

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<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
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<div style="FONT-SIZE: 18pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">DHT HOLDINGS, INC.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">AS OF SEPTEMBER 30, 2018</div>

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<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">7</font></div>

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<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt"><u>CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">($ in thousands)</div>

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<table id="z992875b6f93a4bca85da914c15fd0fc4" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Note</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">September 30, 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 4.23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">December 31, 2017</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #339966">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">ASSETS</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
</tr>

<tr style="HEIGHT: 22px">
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Current assets</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Cash and cash equivalents</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">86,556</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">77,292</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Accounts receivable and accrued revenues</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2, 8</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">40,998</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">42,212</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Capitalized voyage expenses</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,414</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr style="HEIGHT: 21px">
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Prepaid expenses</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">7,838</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">3,197</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Derivative financial instruments</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">132</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr style="HEIGHT: 19px">
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Bunkers, lube oils and consumables</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">29,251</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">23,675</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Asset held for sale</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">20,762</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total current assets</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">166,189</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">167,137</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Non-current assets</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Vessels and time charter contracts</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,619,630</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,444,146</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Advances for vessels under construction</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">26,799</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">114,759</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Other property, plant and equipment</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">376</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">464</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Investment in associated company</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4,570</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">3,992</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Derivative financial instruments</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">516</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total non-current assets</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,651,891</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,563,360</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">TOTAL ASSETS</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,818,081</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,730,497</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #339966">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Current liabilities</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Accounts payable and accrued expenses</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">25,039</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">17,427</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Derivative financial liabilities</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">33</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">545</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Current portion long-term debt</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">68,134</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">65,053</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Deferred shipping revenues</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total current liabilities</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">93,209</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">83,026</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Non-current liabilities</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Long-term debt</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">866,941</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">721,151</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Derivative financial liabilities</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">129</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Other non-current liabilities</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">414</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">428</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total non-current liabilities</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">867,484</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">721,579</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">TOTAL LIABILITIES</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">960,694</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">804,605</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Stockholders&#8217; equity</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Stock</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">6, 7</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,436</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,424</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Additional paid-in capital</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">6, 7</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,148,761</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,140,794</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Accumulated deficit</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(294,346)</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(222,087)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Translation differences</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">22</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">85</div>
</td>
</tr>

<tr>
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Other reserves</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,514</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5,676</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total stockholders&#8217; equity</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">857,387</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">925,892</div>
</td>
</tr>

<tr style="HEIGHT: 21px">
<td style="WIDTH: 44.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 21px">
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 44.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">TOTAL LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</div>
</td>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 3%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.5%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,818,081</div>
</td>
<td style="WIDTH: 4.23%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 23%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,730,497</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">8</font></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
</div>
</div>

<!--PROfilePageNumberReset%Num%9%%%-->
<div style="FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt"><u>CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">($ in thousands except per share amounts)</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div>
<table id="zdbbca08747d74123aa514153baa62ed8" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="1" border="0">
<tr style="HEIGHT: 20px">
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="2">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">3Q 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">3Q 2017</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">9 months 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">9 months 2017</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Note</div>
</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Jul. 1 &#8211; Sept. 30</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">2018</div>
</td>
<td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Jul. 1 &#8211; Sept. 30</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">2017</div>
</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Jan. 1 &#8211; Sept. 30</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">2018</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Jan. 1 &#8211; Sept. 30</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">2017</div>
</td>
</tr>

<tr style="HEIGHT: 14px">
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Shipping revenues</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">90,177</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">84,374</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">237,322</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">262,808</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 17px">
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Operating expenses</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Voyage expenses</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(41,983)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(29,594)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(108,502)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(77,682)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Vessel operating&#160; expenses</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(19,600)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(19,544)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(54,581)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(50,952)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Depreciation and amortization</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(26,682)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(26,468)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(75,226)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(70,341)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Impairment charges</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(3,500)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(3,500)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(7,487)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Profit/(loss), sale of vessel</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(46)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(283)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">General and administrative expense</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(3,445)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(3,853)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(12,383)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(15,512)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.95%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total operating expenses</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.8%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(95,210)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(79,460)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(254,238)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(222,259)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.95%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Operating income/(loss)</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.8%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,033)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">4,914</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(16,917)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">40,550</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Share of profit from associated companies</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">189</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">235</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">641</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">630</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Interest income</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">73</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">28</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">224</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">99</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Interest expense</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(13,300)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(10,586)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(39,427)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(29,445)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Fair value gain/(loss) on derivative financial instruments</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">486</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">478</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,031</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,718</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Other financial income/(expenses)</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(3,850)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(81)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(4,365)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">697</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.95%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Profit/(loss) before tax</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.8%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(21,435)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,012)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,812)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,248</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Income tax expense</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(40)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(55)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(98)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(133)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.95%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Net income/(loss) after tax</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.8%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(21,475)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,067)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,115</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Attributable to the owners of parent</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(21,475)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,067)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,115</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Basic net income/(loss) per share</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(0.15)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(0.04)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(0.41)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">0.12</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Diluted net income/(loss) per share</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(0.15)</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(0.04)</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(0.41)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">0.12</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 19px">
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Weighted average number of shares (basic)</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">143,592,543</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">142,347,298</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">143,405,930</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">118,530,772</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.95%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Weighted average number of shares (diluted)</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.8%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">143,602,884</div>
</td>
<td style="WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">142,347,298</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">143,408,748</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">118,530,772</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt"><u>CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; LINE-HEIGHT: 27.35pt">($ in thousands except per share amounts)</div>

<div>
<table id="zd3aed0171458459cb6a9d607751429ce" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="1" border="0">
<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 43.37%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 200px; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">3Q 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">3Q 2017</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">9 months 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">9 months 2017</div>
</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Note</div>
</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Jul. 1 &#8211; Sept. 30</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2018</div>
</td>
<td style="WIDTH: 232px; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Jul. 1 &#8211; Sept. 30</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2017</div>
</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Jan. 1 &#8211; Sept. 30</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2018</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Jan. 1 &#8211; Sept. 30</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2017</div>
</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Profit/(loss) for the period</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(21,475)</div>
</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,067)</div>
</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,115</div>
</td>
</tr>

<tr style="HEIGHT: 23px">
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Other comprehensive income:</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 22px">
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Items that will not be reclassified to income statement:</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 17px">
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Remeasurement of defined benefit obligation/(loss)</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">Total</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">Items that may be reclassified to income statement:</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Exchange gain(loss) on translation of foreign currency</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top">&#160;</td>
<td style="VERTICAL-ALIGN: top" colspan="2">&#160;</td>
<td style="WIDTH: 8.97%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">denominated associate and subsidiary</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">9</div>
</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">38</div>
</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">63</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">141</div>
</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">9</div>
</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">38</div>
</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">63</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">141</div>
</td>
</tr>

<tr style="HEIGHT: 24px">
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 43.37%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Other comprehensive income</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 200px; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">9</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 13.07%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">38</div>
</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.93%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">63</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">141</div>
</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 43.37%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total comprehensive income for the period</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 200px; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(21,467)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 13.07%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,028)</div>
</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.93%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,847)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,256</div>
</td>
</tr>

<tr>
<td style="WIDTH: 43.37%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 200px; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff" colspan="2">&#160;</td>
<td style="WIDTH: 13.07%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.93%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 43.37%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Attributable to the owners of parent</div>
</td>
<td style="WIDTH: 3%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 200px; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(21,467)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 13.07%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,028)</div>
</td>
<td style="WIDTH: 2.93%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.93%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,847)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 12%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,256</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>

<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">9</font></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><u>CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED</u></font>)</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">($ in thousands)</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div>
<table id="z9fce6b7f08b84278afbb0689ddbdf346" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Q3 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Q3 2017</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 13.73%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">9 months 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">9 months 2017</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="WIDTH: 5.58%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Note</div>
</td>
<td style="WIDTH: 13.26%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Jul. 1 &#8211; Sept. 30,</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">2018</div>
</td>
<td style="WIDTH: 13.1%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Jul. 1 &#8211; Sept. 30,</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">2017</div>
</td>
<td style="WIDTH: 13.73%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Jan. 1 &#8211; Sept. 30,</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">2018</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Jan. 1 &#8211; Sep. 30,</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">&#160;2017</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #339966">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">CASH FLOW FROM OPERATING ACTIVITIES</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
</tr>

<tr style="HEIGHT: 23px">
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Net income/(loss)</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(21,475)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,067)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,115</div>
</td>
</tr>

<tr style="HEIGHT: 18px">
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Items included in net income not affecting cash flows</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">35,278</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">28,432</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">92,502</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">84,190</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Depreciation</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">26,682</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">26,468</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">75,226</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">70,341</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Impairment charges</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">3,500</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">3,500</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">7,487</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Amortization of debt issuance costs</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">1,878</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">1,773</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">9,549</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">5,415</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;(Profit)/loss, sale of vessel</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">46</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">283</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Fair value (gain)/loss on derivative financial instruments</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(486)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(478)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(1,031)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(1,718)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Compensation related to options and restricted stock</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">304</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">904</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">2,264</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">4,047</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;(Gain)/loss purchase of convertible bond</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">6</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">3,589</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">3,589</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(1,035)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Share of profit in associated companies</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(189)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(235)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(641)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(630)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Income adjusted for non-cash items</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #000000 2px solid; WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">13,803</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">23,365</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">33,592</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">98,305</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Changes in operating assets and liabilities</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(18,169)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,812)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(7,926)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(3,888)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Accounts receivable and accrued revenues</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2, 8</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(11,622)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(701)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(6,223)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">3,259</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Capitalized voyage expenses</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">1,157</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">474</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Prepaid expenses</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(2,320)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">298</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(4,641)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(194)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Accounts payable and accrued expenses</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(1,407)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(2,966)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">8,052</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">7,366</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Deferred shipping revenues</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(1,352)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">435</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(1,325)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Bunkers, lube oils and consumables</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(2,650)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(2,878)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(5,577)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(12,993)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#160;&#160;&#160;&#160;&#160;Pension liability</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">24</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">(14)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Net cash provided by/(used in) operating activities</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(4,367)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">17,553</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">25,666</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">94,418</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #339966">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">CASH FLOW FROM INVESTING ACTIVITIES</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Investment in vessels*</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(5,864)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(1,714)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(165,688)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Investment in vessels under construction*</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,673)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(9,372)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(165,233)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(115,285)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Sale of vessels</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">20,715</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">66,669</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Investment in property, plant and equipment</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(47)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(84)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(181)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Net cash used in investing activities</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,677)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(15,282)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(146,316)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(214,485)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #339966">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">CASH FLOW FROM FINANCING ACTIVITIES</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #339966">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #339966">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Cash dividends paid</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">7</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(2,872)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(2,847)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(8,615)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(20,481)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Issuance of long-term debt</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">50,742</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(79)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">522,732</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">200,457</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Purchase of convertible bonds</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">6</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(17,104)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Issuance of convertible bonds</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">39,346</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">39,346</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Scheduled repayment of long-term debt</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(14,543)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(16,801)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(36,951)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(40,184)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Repayment of long-term debt refinancing</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(377,935)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Repayment of long-term debt, sale of vessels</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4</div>
</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(8,663)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(25,367)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Net cash provided by/(used in) financing activities</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">72,673</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(19,727)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">129,915</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">97,321</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Net increase/(decrease) in cash and cash equivalents</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">9,630</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(17,456)</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">9,264</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(22,747)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Cash and cash equivalents at beginning of period</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">76,927</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">104,005</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">77,292</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">109,295</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Cash and cash equivalents at end of period</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">86,556</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">86,549</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">86,556</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">86,549</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">&#160;</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Specification of items included in operating activities:</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Interest paid</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">13,253</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">9,227</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">29,246</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">24,315</div>
</td>
</tr>

<tr>
<td style="WIDTH: 42.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Interest received</div>
</td>
<td style="WIDTH: 3.02%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 2.56%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">73</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.31%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">28</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 12.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">224</div>
</td>
<td style="WIDTH: 0.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 11.99%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">99</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">*9 months 2017 restated to correct a non-routine non-cash transaction that was incorrectly presented in the condensed consolidated statement of cash flow.&#160;For additional information refer to Item 15 of the Company&#8217;s Annual Report on Form 20-F for the year ended December 31, 2017.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">10</font></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt"><u>CONSOLIDATED STATEMENT OF SHAREHOLDERS&#8217; EQUITY (SUMMARY OF </u><u>CHANGES</u><u>) (UNAUDITED)</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">($ in thousands except shares)</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div>
<table id="zf9c427ab5a9648c591b94a4c46abf3ec" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 33.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 3.79%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Note</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.54%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Shares</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.19%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 5.94%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Stock</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.65%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; FONT-FAMILY: 'Times New Roman'; WIDTH: 8.25%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #244062">
<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Paid-in</div>

<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Additional</div>

<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Capital</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.65%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.42%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: bold; COLOR: #ffffff; FONT-STYLE: normal; BACKGROUND-COLOR: #244062">Retained</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-VARIANT: normal; TEXT-TRANSFORM: none; FONT-WEIGHT: bold; COLOR: #ffffff; FONT-STYLE: normal; BACKGROUND-COLOR: #244062">Earnings</font></div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.65%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; FONT-FAMILY: 'Times New Roman'; WIDTH: 7.55%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #244062">
<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Translation</div>

<div style="FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Differences</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.33%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 6.63%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Other</div>

Reserves</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 0.63%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062"></td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 0.63%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">&#160;

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Total</div>

Equity</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Balance at January 1, 2017</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">93,433,804</div>
</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">934</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">881,097</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(205,195)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(108)</div>
</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">8,283</div>
</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">685,011</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Net income/(loss) after tax</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,115</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,115</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Other comprehensive income</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">141</div>
</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">141</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 33.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total comprehensive income</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.54%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 5.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.25%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.42%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,115</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.55%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">141</div>
</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 6.72%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">14,256</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Cash dividends declared and paid</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(20,481)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(20,481)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Issuance of stock</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">47,724,395</div>
</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">477</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">254,546</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">255,024</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Purchase of convertible bonds</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(2,213)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(2,213)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Compensation related to options and restricted stock</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,189,099</div>
</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">12</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">7,173</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(3,138)</div>
</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">4,047</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 33.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Balance at September 30, 2017</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.54%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">142,347,298</div>
</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 5.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,423</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.25%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,140,604</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.42%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(211,560)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.55%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">33</div>
</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 6.72%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">5,145</div>
</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">935,645</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 3.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Balance at January 1, 2018, as previously reported</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 3.79%; VERTICAL-ALIGN: top">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">142,417,407</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,424</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,140,794</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(222,087)</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">85</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">5,676</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">925,892</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Impact of change in accounting policy</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2</div>
</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(4,734)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(4,734)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 33.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Adjusted balance at January 1, 2018</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.54%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">142,417,407</div>
</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 5.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,424</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.25%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,140,794</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.42%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(226,821)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.55%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">85</div>
</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 6.72%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">5,676</div>
</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">921,158</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Net income/(loss) after tax</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Other comprehensive income</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(63)</div>
</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(63)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 33.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Total comprehensive income</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.54%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 5.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.25%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.42%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.55%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(63)</div>
</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 6.72%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(58,974)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Cash dividends declared and paid</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(8,615)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(8,615)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Issuance of convertible bonds</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">3,165</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">3,165</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Purchase of convertible bonds</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(1,613)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(1,613)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.67%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">Compensation related to options and restricted stock</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top">&#160;</td>
<td style="WIDTH: 10.54%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,175,136</div>
</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 5.94%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">12</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.25%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">6,414</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.42%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.55%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 6.72%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">(4,161)</div>
</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; LINE-HEIGHT: 9.1pt">2,264</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 33.67%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">Balance at September 30, 2018</div>
</td>
<td style="WIDTH: 3.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.54%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">143,592,543</div>
</td>
<td style="WIDTH: 1.19%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 5.94%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,436</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.25%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,148,761</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.42%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">(294,346)</div>
</td>
<td style="WIDTH: 1.65%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.55%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">22</div>
</td>
<td style="WIDTH: 1.33%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 6.72%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">1,514</div>
</td>
<td style="WIDTH: 1.17%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 7.47%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; LINE-HEIGHT: 9.1pt">857,387</div>
</td>
</tr>
</table>
</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>

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<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">11</font></div>

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</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt"><u>NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: center; LINE-HEIGHT: 11.4pt"><u>FOR THE PERIOD ENDED SEPTEMBER 30, 2018</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 1 &#8211; General information</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">DHT Holdings, Inc. (&#8220;DHT&#8221; or the &#8220;Company&#8221;) is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company&#8217;s principal executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The Company is engaged in the ownership and operation of a fleet of crude oil carriers.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The financial statements were approved by the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) on <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">November 1,</font> 2018 and authorized for issue on <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">November 1</font>, 2018.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 2 &#8211; General accounting principles</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The condensed consolidated interim financial statements do not include all information and disclosure required in the annual financial statements and should be read in conjunction with DHT&#8217;s audited consolidated financial statements included in its Annual Report on Form 20-F for 2017. Our interim results are not necessarily indicative of our results for the entire year or for any future periods.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The interim condensed financial statements have been prepared in accordance with IAS 34 &#8220;Interim Financial Reporting&#8221; as issued by the International Accounting Standards Board (&#8220;IASB&#8221;).</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The interim condensed financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. The accounting policies that have been followed in these interim condensed financial statements are the same as presented in the 2017 audited consolidated financial statements.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">These interim condensed consolidated financial statements have been prepared on a going concern basis.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="FONT-STYLE: italic; LINE-HEIGHT: 11.4pt"><u>Application of new and revised International Financial Reporting Standards (&#8220;IFRSs&#8221;)</u></div>

<div style="LINE-HEIGHT: 11.4pt">New and revised IFRSs, and interpretations mandatory for the first time for the financial year beginning January 1, 2018 are listed below. With the exception of IFRS 15, the adoption did not have any effect on the financial statements:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">IFRS 9 Financial Instruments</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">IFRS 15 Revenue from Contracts with Customers</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Amendments to IFRS 2 Classification and Measurement of Share-based Payment Transactions</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Annual Improvements to IFRS Standards 2014-2016 Cycle</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">IFRIC 22 Foreign Currency Transactions and Advance Consideration<br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><u>Adoption of IFRS 15 Revenue from Contracts with Customers</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Effective from January 1, 2018, we adopted the new accounting standard IFRS 15 <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic">Revenue from Contracts with Customers</font> using the modified retrospective method. We recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of accumulated deficit. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">For vessels operating on spot charters, voyage revenues are, under the new revenue standard, recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port if they qualify as fulfillment costs under IFRS 15. To recognize costs incurred to fulfil a contract as an asset, the following criteria shall be met: (i) the costs relate directly to the contract, (ii) the costs generate or enhance resources of the entity that will be used in satisfying performance obligations in the future and (iii) the costs are expected to be recovered. Reference is also made to note 2 in the Annual Report on Form 20-F for 2017.</div>

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<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">12</font></div>

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<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Time charters continue to be accounted as operating leases in accordance with IAS 17 and related interpretations and the implementation of the new revenue standard therefore did not have an effect on income recognition from such contracts. </div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The cumulative effect of the adjustments made to our condensed consolidated statement of financial position at January 1, 2018 from the adoption of IFRS 15 <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic">Revenue from Contracts with Customers</font> was as follows:</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</div>

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<table id="zccb498aeb5334d3bb9a90411edff29ca" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 48.48%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">Balance at</div>
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<td style="BORDER-TOP: #808080 2px solid; WIDTH: 17.16%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">Adjustments</div>
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<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">Balance at</div>
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<td style="WIDTH: 48.48%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">$ in thousands</div>
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<td style="WIDTH: 17.18%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">December 31, 2017</div>
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<td style="WIDTH: 17.16%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">due to IFRS 15</div>
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<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">January 1, 2018</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">ASSETS</div>
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<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
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<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
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</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Accounts receivable and accrued revenues</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">42,212</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;(7,437)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">34,775</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Capitalized voyage expenses</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">1,888</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">1,888</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">LIABILITIES</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Accounts payable and accrued expenses</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">17,427</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;(815)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">16,613</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">EQUITY</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Accumulated deficit</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;(222,087)</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;(4,734)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;(226,821)</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The impact of the adoption of IFRS 15 <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic">Revenues from Contracts with Customers</font> on our condensed consolidated statement of financial position as of September 30, 2018, condensed consolidated income statement and condensed consolidated statement of cash flow for third quarter and first three quarters of 2018 were as follows:</div>

<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div>
<table id="zde50aeb175054d97af7bad39ff66dbf7" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 48.48%; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; BORDER-BOTTOM-COLOR: ; BORDER-RIGHT-STYLE: none" colspan="4">CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 48.48%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-COLOR: ; BORDER-RIGHT-STYLE: none">&#160;</td>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; VERTICAL-ALIGN: bottom; BORDER-RIGHT-STYLE: none" colspan="3">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 48.48%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-COLOR: ; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Balance at September 30, 2018</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP-STYLE: none; WIDTH: 48.48%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-TOP-STYLE: none; WIDTH: 17.18%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-TOP-STYLE: none; WIDTH: 17.16%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">Adjustments</div>
</td>
<td style="BORDER-TOP-STYLE: none; BORDER-RIGHT: 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">Balance without</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">$ in thousands</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">As reported</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">due to IFRS 15</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">adoption of IFRS 15</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">ASSETS</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Accounts receivable and accrued revenues</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">40,998</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">5,456</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">46,453</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Capitalized voyage expenses</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">1,414</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,414)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(0)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">LIABILITIES</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Accounts payable and accrued expenses</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">25,039</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">615</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">25,655</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">EQUITY</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 48.48%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Accumulated deficit</div>
</td>
<td style="WIDTH: 17.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(294,346)</div>
</td>
<td style="WIDTH: 17.16%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">3,426</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 17.18%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(290,920)</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div>
<table id="zc48f1ee3c0444ea393ba520a2586a02b" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 36.79%; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; BORDER-RIGHT-STYLE: none" colspan="4">CONDENSED CONSOLIDATED INCOME STATEMENT&#160;</td>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 30.8%; VERTICAL-ALIGN: bottom; BORDER-RIGHT-STYLE: none" colspan="3">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 36.79%; VERTICAL-ALIGN: top; BORDER-RIGHT-STYLE: none">&#160;</td>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 32.4%; VERTICAL-ALIGN: bottom; BORDER-RIGHT-STYLE: none" colspan="3">&#160;</td>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 30.8%; VERTICAL-ALIGN: bottom; BORDER-RIGHT-STYLE: none" colspan="3">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 36.79%; VERTICAL-ALIGN: top; FONT-WEIGHT: bold; COLOR: #ffffff; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 32.4%; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="3">&#160;3Q 2018</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 30.8%; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062" colspan="3">&#160;9 months 2018</td>
</tr>

<tr>
<td style="WIDTH: 36.79%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 32.4%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Jul. 1 - Sept. 30 2018</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 30.8%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Jan. 1 - Sept. 30 2018</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.79%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Adjustments</div>
</td>
<td style="WIDTH: 12.32%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Balance</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">without</div>
</td>
<td style="WIDTH: 10.05%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="WIDTH: 10.37%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Adjustments</div>
</td>
<td style="WIDTH: 10.38%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Balance</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">without</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">$ in thousands</div>
</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">As reported</div>
</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">due to IFRS</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">15</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.32%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">adoption of</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">IFRS 15</div>
</td>
<td style="WIDTH: 10.05%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">As reported</div>
</td>
<td style="WIDTH: 10.37%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">due to IFRS</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">15</div>
</td>
<td style="WIDTH: 10.38%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">adoption of IFRS 15</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.79%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Shipping revenues</div>
</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">90,177</div>
</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(2,407)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.32%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">87,770</div>
</td>
<td style="WIDTH: 10.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">237,322</div>
</td>
<td style="WIDTH: 10.37%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,981)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.38%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">235,341</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.79%; VERTICAL-ALIGN: top; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Voyage expenses</div>
</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(41,983)</div>
</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">1,140</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.32%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(40,843)</div>
</td>
<td style="WIDTH: 10.05%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(108,502)</div>
</td>
<td style="WIDTH: 10.37%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">673</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.38%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(107,829)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.79%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #c0c0c0">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Net income/(loss) after tax</div>
</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(21,475)</div>
</td>
<td style="WIDTH: 10.04%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,267)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.32%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(22,742)</div>
</td>
<td style="WIDTH: 10.05%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
<td style="WIDTH: 10.37%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,308)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.38%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(60,218)</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div>
<table id="zb877d89ac6b4411a931af783cf302f1d" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 37.06%; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold" colspan="4">CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW&#160;</td>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 30.49%; VERTICAL-ALIGN: bottom; BORDER-RIGHT-STYLE: none" colspan="3">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 37.06%; VERTICAL-ALIGN: bottom"></td>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 32.38%; VERTICAL-ALIGN: bottom; BORDER-RIGHT-STYLE: none" colspan="3">&#160;</td>
<td style="BORDER-TOP-STYLE: none; BORDER-LEFT-STYLE: none; WIDTH: 30.49%; VERTICAL-ALIGN: bottom; BORDER-RIGHT-STYLE: none" colspan="3">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 32.38%; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="3">&#160;3Q 2018</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 30.49%; VERTICAL-ALIGN: bottom; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062" colspan="3">&#160;9 months 2018</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 32.38%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Jul. 1 - Sept. 30 2018</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 30.49%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062" colspan="3">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Jan. 1 - Sept. 30, 2018</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="WIDTH: 9.23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="WIDTH: 11.45%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.09%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Balance without</div>
</td>
<td style="WIDTH: 10.14%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="WIDTH: 10.64%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Adjustments</div>
</td>
<td style="WIDTH: 10.4%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Balance without</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">$ in thousands</div>
</td>
<td style="WIDTH: 9.23%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">As reported</div>
</td>
<td style="WIDTH: 11.45%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Adjustments</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">due to IFRS 15</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.09%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">adoption of</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">&#160;IFRS 15</div>
</td>
<td style="WIDTH: 10.14%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">As reported</div>
</td>
<td style="WIDTH: 10.64%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">due to IFRS</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">15</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.4%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">adoption of</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">IFRS 15</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Net income / (loss)</div>
</td>
<td style="WIDTH: 9.23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(21,475)</div>
</td>
<td style="WIDTH: 11.45%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,267)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.09%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(22,742)</div>
</td>
<td style="WIDTH: 10.14%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(58,910)</div>
</td>
<td style="WIDTH: 10.64%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,308)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.4%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(60,218)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Accounts receivable and accrued revenues</div>
</td>
<td style="WIDTH: 9.23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(11,622)</div>
</td>
<td style="WIDTH: 11.45%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">2,407</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.09%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(9,215)</div>
</td>
<td style="WIDTH: 10.14%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(6,223)</div>
</td>
<td style="WIDTH: 10.64%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">1,981</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.4%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(4,242)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Capitalized voyage expenses</div>
</td>
<td style="WIDTH: 9.23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">1,157</div>
</td>
<td style="WIDTH: 11.45%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,157)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.09%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(0)</div>
</td>
<td style="WIDTH: 10.14%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">474</div>
</td>
<td style="WIDTH: 10.64%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(474)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.4%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">0</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Accounts payable and accrued expenses</div>
</td>
<td style="WIDTH: 9.23%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,407)</div>
</td>
<td style="WIDTH: 11.45%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">17</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.09%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(1,391)</div>
</td>
<td style="WIDTH: 10.14%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">8,052</div>
</td>
<td style="WIDTH: 10.64%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(199)</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.4%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">7,853</div>
</td>
</tr>

<tr>
<td style="WIDTH: 37.06%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">Net cash provided by/(used in) operating activities</div>
</td>
<td style="WIDTH: 9.23%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(4,367)</div>
</td>
<td style="WIDTH: 11.45%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 12.09%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">(4,367)</div>
</td>
<td style="WIDTH: 10.14%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">25,666</div>
</td>
<td style="WIDTH: 10.64%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">&#8211;</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 10.4%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">25,666</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">13</font></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port and amortized between load port and discharge port. The closing balance of assets recognized from the costs to obtain or fulfil a contract was $1.4 million as per September 30, 2018. During third quarter of 2018, $1.8 million was amortized and no impairment losses were recognized in the period.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">IFRS 15 requires disclosure on the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period and an explanation of when an entity expects to recognize these amounts as revenue. We have applied the practical expedient related to performance obligation with reference to IFRS 15:121 (a), as the original expected duration of the underlying contract is one year or less. Consequently, no disclosure is presented in the notes to the interim condensed consolidated financial statements.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">According to IFRS 15:114 an entity shall disaggregate revenue recognized from contracts with customers into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. DHT&#8217;s business is to operate a fleet of crude oil tankers and management has organized the entity as one segment based upon on the service provided. Consequently, the Company does not disaggregate revenue recognized from contracts with customers.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 3 &#8211; Segment reporting</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Since DHT&#8217;s business is limited to operating a fleet of crude oil tankers, management has organized the entity as one segment based upon the service provided. Consequently, the Company has one operating segment as defined in IFRS 8, Operating Segments.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">As of September 30, 2018, the Company had 28 vessels in operation; 7 vessels were on time charters and 21 vessels operating in the spot market.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>Information about major customers:</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">For the period from July 1, 2018 to September 30, 2018 five customers represented $18.6 million, $8.4 million, $6.4 million, $5.5 million and $5.3 million, respectively, of the Company&#8217;s revenues. The five customers in aggregate represented $44.2 million of the total revenue of $90.2 million for the period from July 1, 2018 to September 30, 2018.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">For the period from January 1, 2018 to September 30, 2018 five customers represented $42.1 million, $27.8 million, $14.9 million, $13.1 million and $12.9 million, respectively, of the Company&#8217;s revenues. The five customers in aggregate represented $110.8 million of the total revenue of $237.3 million for the period from January 1, 2018 to September 30, 2018.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">For the period from July 1, 2017 to September 30, 2017 five customers represented $11.3 million, $10.9 million, $9.8 million, $7.3 million and $7.2 million, respectively, of the Company&#8217;s revenues. The five customers in aggregate represented $46.5 million of the total revenue of $84.4 million for the period from July 1, 2017 to September 30, 2017.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">For the period from January 1, 2017 to September 30, 2017 five customers represented $37.1 million, $26.8 million, $24.5 million, $19.2 million and $16.6 million, respectively, of the Company&#8217;s revenues. The five customers in aggregate represented $124.2 million of the total revenue of $262.8 million for the period from January 1, 2017 to September 30, 2017.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">14</font></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 4 &#8211; Interest bearing debt</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">As of September 30, 2018, DHT had interest bearing debt totaling $935.1 million (including the </font>$157.9 million convertible senior notes)<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">.</font></div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Scheduled debt repayments (USD thousands) and margin above Libor</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div>
<table id="z7b96a827c48c47e09de93913f0f74a21" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr style="HEIGHT: 22px">
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">Margin</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Q4</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">&#160;</div>
</td>
</tr>

<tr style="HEIGHT: 15px">
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">$ in thousands</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; LINE-HEIGHT: 9.1pt">above Libor</div>
</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2018</div>
</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2019</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2020</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">2021</div>
</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Thereafter</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 9.1pt">Total</div>
</td>
</tr>

<tr style="HEIGHT: 14px">
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">ABN Amro Credit Facility</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">2.40%</div>
</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">7,702</div>
</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">30,808</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">30,808</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">30,808</div>
</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">325,815</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">425,941</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">Credit Agricole Credit Facility</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">2.19%</div>
</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">1,649</div>
</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">6,597</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">6,597</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">6,597</div>
</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">42,925</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 9.1pt">64,367</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">Danish Ship Finance Credit Facility</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">2.25%</div>
</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">1,300</div>
</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">2,600</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">39,000</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">42,900</div>
</td>
</tr>

<tr style="HEIGHT: 20px">
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">Nordea/DNB Credit Facility</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">2.75%</div>
</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">434</div>
</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">8,251</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">8,685</div>
</td>
</tr>

<tr style="HEIGHT: 19px">
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">Nordea BW VLCC Acquisition Credit Facility</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">2.40%</div>
</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">5,400</div>
</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">21,600</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">21,600</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">21,600</div>
</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">188,683</div>
</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">258,883</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">ABN Amro Revolving Credit Facility *</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">2.50%</div>
</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">&#160;</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">&#160;</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">Convertible Senior Notes</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">32,860</div>
</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">125,000</div>
</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">157,860</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 36.32%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">Total</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.11%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">16,486</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.89%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">102,716</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.74%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">98,005</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.74%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">184,005</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.43%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">557,423</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">958,635</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">Unamortized upfront fees bank loans</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">(8,366)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 36.32%; VERTICAL-ALIGN: middle; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">Difference amortized cost/notional amount convertible note</div>
</td>
<td style="WIDTH: 10.11%; VERTICAL-ALIGN: middle; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 7.82%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">&#160;</td>
<td style="WIDTH: 9.89%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">&#160;</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">&#160;</td>
<td style="WIDTH: 8.74%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">&#160;</td>
<td style="WIDTH: 9.43%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right">&#160;</td>
<td style="BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; LINE-HEIGHT: 9.1pt">(15,194)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 36.32%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: left; BORDER-LEFT: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">Total interest bearing debt</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 10.11%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 7.82%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.89%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.74%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 8.74%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 9.43%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; BORDER-RIGHT: #808080 2px solid; WIDTH: 8.97%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #808080 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; LINE-HEIGHT: 9.1pt">935,075</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 9.1pt">*$55.5 mill. available as of September 30, 2018.&#160; Quarterly reduction of $1.8 million.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>Refinancing</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In April we entered into a $484 million secured credit facility agreement for the refinancing of 13 of the Company&#8217;s VLCCs. The following credit facilities were refinanced: Nordea Samco Credit Facility (DHT Sundarbans, DHT Taiga, DHT Redwood, DHT Hawk, DHT China, DHT Falcon and DHT Condor) $215.2 million, Nordea/DNB Credit Facility (DHT Leopard) $44.4 million, ABN Amro Credit Facility (DHT Lion, DHT Panther and DHT Puma) $118.4 million and the undrawn DNB/Nordea Credit Facility (DHT Bronco and DHT Mustang) $82.5 million. We also entered into an agreement with ABN Amro to increase the Company&#8217;s revolving credit facility to $57.3 million from the current availability of $43.4 million. Both credit facilities are described below.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>ABN Amro Credit Facility</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In April 2018 we entered into a credit facility with ABN Amro, Nordea, Credit Agricole, DNB, ING, Danish Ship Finance, SEB, DVB and Swedbank as lenders and DHT Holdings, Inc. as guarantor for the financing of eleven VLCCs and two newbuildings. Borrowings bear interest at a rate equal to Libor + 2.40% and the loan is repayable in quarterly installments of $7.7 million through Q2 2024 and a final payment of $248.8 with the last installment. When the facility is fully drawn, the quarterly installments will be $8.3 million with a final payment of $286.1 million in the second quarter of 2024.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">
<table id="z6765ce1907d5419d949de56bd55b20d5" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 20.6pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#9679;</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Value <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">adjusted* tangible net worth of $300 million</font></div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">
<table id="z70214484190146afa617aa55e923e3fe" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 20.6pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#9679;</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">
<table id="zf3f6d07afe764a2bb0b52245ca0ba3e6" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 20.6pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#9679;</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">* Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#8217;s vessels (as determined quarterly by an approved broker).</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">15</font></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><u>Credit Agricole Credit Facility</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">In June 2015 Samco Gamma Ltd and DHT Tiger Limited entered into a credit agreement with Credit Agricole for the financing of the Samco Scandinavia and the newbuilding DHT Tiger that was delivered in January 2017.&#160; In June 2016 we made a voluntary prepayment of $5.0 million and the financing of the Samco Scandinavia is repayable with 30 quarterly installments of $0.97 million each. The $48.7 million financing of DHT Tiger was drawn in 2016 in advance of the delivery of the DHT Tiger which took place in January 2017 and is </font>repayable in quarterly installments of $0.7 million with a final payment of $29.7 in December 2023<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">.&#160; The loan bears interest at Libor plus a margin of 2.1875%.&#160; </font>The credit agreement is guaranteed by DHT and contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">
<table id="ze37baf8e77ee4e908fcdefa1545f50b3" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 20.6pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#9679;</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Value <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">adjusted* tangible net worth of $200 million</font></div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">
<table id="z33efcab2ba5e4c7888ca3512623bd969" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 20.6pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#9679;</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div>
</td>
</tr>
</table>
</div>

<div style="TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">
<table id="zd0af56c3d78247049a2d3c1f905ce4f2" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 20.6pt"></td>
<td style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 18pt; VERTICAL-ALIGN: top; align: right">&#9679;</td>
<td style="WIDTH: auto; VERTICAL-ALIGN: top; TEXT-ALIGN: justify">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Unencumbered consolidated cash of at least the higher of (i) $20 million and (ii) 6% of our gross interest bearing debt</font></div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">*</font> Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#8217;s vessels (as determined quarterly by an approved broker).</div>

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<div style="TEXT-ALIGN: justify; FONT: bold 10pt/11.4pt Arial"><u>Danish Ship Finance Credit Facility</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In November 2014 we entered into a credit facility totaling $49.4 million with Danish Ship Finance (&#8220;DSF&#8221;) as lender and DHT Holdings, Inc. as guarantor for the financing of the VLCC newbuilding DHT Jaguar delivered in Q4 2015.&#160; The full amount of the credit facility was drawn in November 2015.&#160; Borrowings bear interest at a rate equal to Libor + 2.25% and are repayable in 10 semiannual installments of $1.3 million each from May 2016 to November 2020 and a final payment of $36.4 million in November 2020. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessel that secure the credit facility be no less than 130% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Value <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">adjusted* tangible net worth of $300 million</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>Nordea/DNB Credit Facility</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In October 2015 we entered into a credit facility totaling $50.0 million with Nordea and DNB as lenders and DHT Holdings, Inc. as guarantor for the financing of the VLCC newbuilding DHT Leopard delivered in Q1 2016.&#160; The full amount of the credit facility was drawn on December 29, 2015 in advance of the delivery of the DHT Leopard on January 4, 2016.&#160; Borrowings bear interest at a rate equal to Libor + 2.25% and are repayable in 20 quarterly installments of $0.625 million from March 2016 to December 2020 and a final payment of $37.5 million in December 2020. In April 2018, DHT Leopard was refinanced as part of the ABN Amro Credit Facility. In September 2016, the four vessels financed by RBS (DHT Ann, DHT Chris, DHT Cathy and DHT Sophie) were included in the credit facility as a separate tranche totaling $40.0 million.&#160; Borrowings under the $40.0 million tranche bear interest at a rate equal to Libor + 2.75% and are repayable in 11 quarterly installments of $2.1 million from December 2016 to June 2019 and a final payment of $17.3 million in August 2019.&#160; Subsequent to the sale of DHT Chris which was delivered to the buyers in January 2017 and the sale of the DHT Ann which was delivered to the buyers in May 2017, the separate tranche is repayable in quarterly installments of $0.4 million and a final payment of $6.9 million in August 2019. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings.&#160; Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Value <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">adjusted* tangible net worth of $300 million</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>Nordea BW VLCC Acquisition Credit Facility</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">$204 million of the $300 million credit facility was borrowed during the second quarter of 2017 in connection with delivery of the nine VLCCs in water from BW.&#160; The final $96 million was borrowed in connection with the delivery of the two VLCC newbuildings from DSME in the second quarter of 2018.&#160; The credit facility is guaranteed by DHT Holdings, Inc., borrowings bear interest at a rate equal to Libor + 2.40%. Subsequent to the sale of the DHT Utah and DHT Utik and the delivery of DHT Stallion and DHT Colt, the current outstanding is repayable in quarterly installments of $5.4 million with a final payment of $156.3 million in the second quarter of 2023.&#160; The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings.&#160; Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Value <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">adjusted* tangible net worth of $300 million</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">*</font> Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#8217;s vessels (as determined quarterly by an approved broker).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In September 2018 we secured commitment to a $50 million scrubber financing structured through an increase of the existing $300 million secured credit facility entered into in the second quarter of 2017. The increased facility will bear the same interest rate equal to Libor + 2.40%. The increased facility is available, but currently undrawn, and will have quarterly repayments of $2.5 million commencing second quarter 2020. Other terms and conditions remain unchanged.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>ABN Amro Revolving Credit Facility</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In November 2016, we entered into a secured five year revolving credit facility with ABN Amro totaling $50.0 million to be used for general corporate purposes, including security repurchases and the acquisition of ships. The financing bears interest at a rate equal to Libor + 2.50%.&#160; In April 2018, we entered into an agreement with ABN Amro to increase the revolving credit facility to $57.3 million with a quarterly reduction of $1.8 million starting July 31, 2018. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Value <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">adjusted* tangible net worth of $300 million</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">*</font>Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#8217;s vessels (as determined quarterly by an approved broker).</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>Convertible Senior Notes</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">During the second quarter of 2017 we </font>repurchased $12.2 million of the convertible senior notes in the open market at a price of 98.4% of par. <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">During the first quarter of 2017 we </font>repurchased $5.0 million of the convertible senior notes in the open market at a price of 100.4% of par. <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">During the fourth quarter of 2016 we </font>repurchased $23.0 million of the convertible senior notes in the open market at an average price of 90.4% of par.<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">&#160; In February 2016 we </font>repurchased $3.0 million of the convertible senior notes in the open market at a price of 99% of par and in April 2016 <font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">we </font>repurchased $1.0 million of the convertible senior notes in the open market at a price of 99% of par<font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000">. In August 2018, approximately $73.0 million of the 2019 Notes were exchanged for approximately $80.3 million of the 2021 Notes. The repurchased convertible senior notes have been cancelled and the current outstanding of the 2019 Notes is $32.9 million and the current outstanding of the 2021 Notes is $125.0 million.</font></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><u>Interest rate swaps</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">As of September 30, 2018, DHT has 8 amortizing interest rate swaps totaling $355.7 million with maturity ranging from the second quarter 2023 to the third quarter 2023. The average fixed interest rate is 2.97%. As of September 30, 2018, the fair value of the derivative financial asset related to the swaps amounted to $0.6 million and the fair value of the derivative financial liability related to the swaps amounted to $0.2 million. A 9<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;FONT-SIZE: smaller; VERTICAL-ALIGN: text-top; LINE-HEIGHT: 1">th</sup> swap equaling $51.4 million has been committed in connection with the delivery of DHT Mustang in October 2018.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><u>Covenant compliance</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">As of the date of our most recent compliance certificates submitted to the banks, we are in compliance with our financial covenants.</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 5 &#8211; Vessels</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The carrying values of our vessels may not represent their fair market value at any point in time since the market prices of second-hand vessels tend to fluctuate with changes in charter rates and the cost of constructing new vessels. Historically, both charter rates and vessel values have been cyclical. The carrying amounts of vessels held and used by us are reviewed for potential impairment or reversal of prior impairment charges whenever events or changes in circumstances indicate that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel. The Company is of the view that there were no events or changes in circumstances indicating that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel as of September 30, 2018. However, with regards to the DHT Cathy and DHT Sophie which we have entered into agreement to sell, we have recorded an impairment charge of $3.5 million in the third quarter of 2018 (see Note 10 for further details).</div>

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<div style="COLOR: #000000; TEXT-ALIGN: justify; FONT: bold 10pt/11.4pt Arial"><u>Vessel Costs</u></div>

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</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left">$ in thousands</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">At January 1, 2018</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">1,810,158</div>
</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">Additions</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">1,714</div>
</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">Transferred from vessels under construction</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">252,323</div>
</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">Retirement **</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">(1,244)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 80.91%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">At September 30, 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 19.09%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right">2,062,951</div>
</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left">Depreciation, impairment and amortization*</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left">$ in thousands</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">At January 1, 2018</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">366,012</div>
</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">Depreciation and amortization</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">75,053</div>
</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">Impairment charges</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">3,500</div>
</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">Retirement **</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">(1,244)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 80.91%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">At September 30, 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 19.09%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right">443,321</div>
</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left">Carrying Amount</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
</tr>

<tr style="HEIGHT: 14px">
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left">$ in thousands</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #244062">&#160;</td>
</tr>

<tr style="HEIGHT: 16px">
<td style="WIDTH: 80.91%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">At January 1, 2018</div>
</td>
<td style="WIDTH: 19.09%; VERTICAL-ALIGN: top; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right">1,444,146</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 80.91%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">At September 30, 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 19.09%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right">1,619,630</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 80.91%; VERTICAL-ALIGN: top; BORDER-BOTTOM-STYLE: none">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 19.09%; VERTICAL-ALIGN: top; BORDER-BOTTOM-STYLE: none">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: 0px; WIDTH: 80.91%; VERTICAL-ALIGN: top; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">*Accumulated numbers</div>
</td>
<td style="BORDER-TOP: 0px; WIDTH: 19.09%; VERTICAL-ALIGN: top; BORDER-BOTTOM-STYLE: none">&#160;</td>
</tr>

<tr>
<td style="BORDER-TOP: 0px; WIDTH: 80.91%; VERTICAL-ALIGN: top; BORDER-BOTTOM-STYLE: none">**Relates to completed depreciation of drydocking for DHT Sophie.</td>
<td style="BORDER-TOP: 0px; WIDTH: 19.09%; VERTICAL-ALIGN: top; BORDER-BOTTOM-STYLE: none">&#160;</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="LINE-HEIGHT: 11.4pt">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff"><u>Vessels under construction</u></font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify">We entered into agreements with HHI for the construction of two VLCCs, of which the first was delivered in July 2018, with a contract price of $79.9 million each (excluding scrubbers). The company has added scrubbers at the cost of $2.5 million per ship.&#160; As of September 30, 2018 we have paid pre-delivery installments totaling $24.7 million for the remaining newbuilding to be delivered in Q4 2018. Borrowing costs are capitalized as part of vessels under construction.</div>

<div>&#160;</div>
</div>

<div>
<table id="z1afbc95e5b244eae9165723ee74b8d54" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Cost of vessels under construction</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">$ in thousands</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">At January 1, 2018</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">114,759</div>
</td>
</tr>

<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Additions</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">164,364</div>
</td>
</tr>

<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Transferred to vessels</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">(252,323)</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">At September 30, 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">26,799</div>
</td>
</tr>

<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">&#160;</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Carrying Amount</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">$ in thousands</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">At January 1, 2018</div>
</td>
<td style="WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">114,759</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 71.34%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">At September 30, 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 28.66%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #ffffff">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: right; LINE-HEIGHT: 10.25pt">26,799</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="LINE-HEIGHT: 11.4pt">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff"></font>&#160;</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">18</font></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
</div>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff"></font>&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff"></font>&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #ffffff">The following table is a timeline of future expected payments and dates relating to vessels under construction as of September 30, 2018:</font></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify">&#160;</div>
</div>

<div>
<table id="z436f7ba36a7842e9adbbc54d09eb1fbd" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="WIDTH: 56.33%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Vessels under construction</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">$ in thousands</div>
</td>
<td style="WIDTH: 21.84%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">September 30, 2018</div>
</td>
<td style="WIDTH: 21.84%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">January 1, 2018</div>
</td>
</tr>

<tr>
<td style="WIDTH: 56.33%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Not later than one year</div>
</td>
<td style="WIDTH: 21.84%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">57,647</div>
</td>
<td style="WIDTH: 21.84%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">218,565</div>
</td>
</tr>

<tr>
<td style="WIDTH: 56.33%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Later than one year and not later than three years</div>
</td>
<td style="WIDTH: 21.84%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">-</div>
</td>
<td style="WIDTH: 21.84%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">-</div>
</td>
</tr>

<tr>
<td style="WIDTH: 56.33%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Later than three years and not later than five years</div>
</td>
<td style="WIDTH: 21.84%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">-</div>
</td>
<td style="WIDTH: 21.84%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">-</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 56.33%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 10.25pt">Total</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 21.84%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">57,647</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 21.84%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center; LINE-HEIGHT: 10.25pt">218,565</div>
</td>
</tr>
</table>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">The newbuilding is financed as a part of the ABN Amro Credit Facility and remaining commitment was financed with cash at hand. Reference is made to note 10 - Subsequent events.<br style="LINE-HEIGHT: 11.4pt">
<br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 6 &#8211; Equity and Convertible Bond Offerings</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 2.2pt"><u>Convertible Senior Note Offering</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">On September 16, 2014 we completed a private placement of $150 million aggregate principal amount of convertible senior notes due 2019 (the &#8220;2019 Notes&#8221;). DHT will pay interest at a fixed rate of 4.5% per annum, payable semiannually in arrears. Net proceeds to DHT were approximately $145.9 million after the payment of placement agent fees. The value of the conversion right has been estimated to $21.8 million; hence $21.8 million of the aggregate principal amount of $150.0 million was classified as equity. The Notes will be convertible into common stock of DHT at any time after placement until one business day prior to their maturity. The initial conversion price was $8.125 per share of common stock (equivalent to 18,461,538 shares of common stock), and is subject to customary anti-dilution adjustments. As a result of the cumulative effect of previously announced cash dividends, the conversion price was adjusted to $6.2599 effective May 18, 2018. Based on the adjusted conversion price and after adjusting for the repurchase of $44.2 million of the convertible senior notes in the open market at an average price of 94.5% of par, and the private exchange August 2018, the total number of shares to be issued would be 5,249,285.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In August 2018 we completed a privately negotiated exchange agreement with certain holders of the outstanding 4.5% Convertible Senior Notes due 2019 to exchange approximately $73.0 million aggregate principal amount of the existing notes for approximately $80.3 million aggregate principal amount of the Company&#8217;s new 4.5% Convertible Senior Notes due 2021. In addition, a private placement of approximately $44.7 million aggregate principal amount of the Company&#8217;s new 4.5% Convertible Senior Notes due 2021 for gross proceeds of approximately $41.6 million. Net proceeds to DHT were approximately $39.0 million after the payment of placement agent fees.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Following closing of the private exchange and the private placement, there are $125 million aggregate principal amount of convertible senior notes due 2021 (the &#8220;2021 Notes&#8221;) and approximately $32.9 million aggregate principal amount of the 2019 Notes outstanding. The 2021 Notes will bear interest at a rate of 4.5% per annum on the principal amount accruing from August 21, 2018. Interest will be payable semiannually in arrears on February 15 and August 15 each year, beginning on February 2019. Interest is computed on the basis of 360-day year comprised of twelve 30-days months. The initial conversion price was $6.2599 per share of common stock (equivalent to an initial conversion rate of 159.7470 shares of common stock per $1,000 aggregate principal amount of 2021 Notes) and is subject to customary anti-dilution adjustments. The 2021 Notes will mature on August 15, 2021, unless earlier converted, redeemed or repurchased in accordance with their terms.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">We have concluded that the adjustment of the conversion rate upon the payment of cash dividends does not result in an accounting entry as the liability and equity components of the instrument are not re-measured as a result of the cash dividend. This is based on the fact that we have determined that the Notes are non-derivative financial instruments that contain both liability and equity components. The financial liability is the contractual obligation to make interest and principal payments and the equity component is the right of the holders of the Notes to convert the Notes into a fixed number of the Company&#8217;s common shares. In accordance with IAS 32, the liability component was measured first and is recorded at its amortized cost over the life of the instrument. The equity component was assigned the residual amount after deducting the amount separately determined for the liability component. The equity component was recorded as part of additional paid-in capital and is never re-measured.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
 &#160;</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; MARGIN-TOP: 10pt; CLEAR: both">
<div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">19</font></div>

<div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
<hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #bfbfbf; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #bfbfbf" noshade="noshade">
</div>
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The determination that the conversion feature is an equity instrument (rather than a derivative liability accounted for under IAS 39) was made on the basis that there is no variability in the number of equity instruments delivered upon conversion (i.e. the exchange meets the &#8220;fixed for fixed&#8221; requirements set forth under IAS 32). In making the determination, the Company considered that the Notes contain a mechanism whereby the conversion rate of the Notes is adjusted for cash dividends paid by the Company. Although this adjustment results in variability in the number of common shares delivered, the fact that this variability serves to maintain the relative economic rights of the holders of the Notes results in no violation of the &#8220;fixed for fixed&#8221; requirement.</div>

<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 7 &#8211; Stockholders equity and dividend payment</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="TEXT-ALIGN: left; FONT: bold 10pt/11.4pt Arial"><u>Stockholders equity</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">&#160;</div>

<div>
<table id="zd22d143f40d5482f9f88a331e9a17f4e" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="2" border="0">
<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; FONT-WEIGHT: bold; BACKGROUND-COLOR: #244061">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #ffffff; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">&#160;</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #244061">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">Common stock</div>
</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #244061">&#160;</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; BACKGROUND-COLOR: #244061">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">Preferred stock</div>
</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Issued at September 30, 2018</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">143,592,543</div>
</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">0</div>
</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Shares to be issued assuming conversion of</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">&#160;&#160;&#160;convertible notes due 2019*</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">6,562,001</div>
</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Shares to be issued assuming conversion of</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">&#160;&#160;&#160;convertible notes due 2021*</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">19,968,375</div>
</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Numbers of shares authorized for issue</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: middle">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">&#160;&#160;&#160;at September 30, 2018</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">250,000,000</div>
</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: middle">&#160;</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: middle">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">1,000,000</div>
</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Par value</div>
</td>
<td style="WIDTH: 18.34%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">$ 0.01</div>
</td>
<td style="WIDTH: 4.2%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">&#160;</div>
</td>
<td style="WIDTH: 23.72%; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: right; LINE-HEIGHT: 11.4pt">$ 0.01</div>
</td>
</tr>

<tr>
<td style="WIDTH: 53.75%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-COLOR: " colspan="4">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;*assuming the maximum Fundamental Change conversion rate.&#160;&#160;&#160;</td>
</tr>
</table>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt; TEXT-INDENT: 36pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt"><u>Common stock:</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.</div>

<div style="LINE-HEIGHT: 11.4pt">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; FONT-STYLE: italic; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>Preferred stock:</u></div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">In the first quarter 2017, the board established two series of preferred stock: Series C Preferred Stock and Series D Preferred Stock, the terms of which are detailed in Current Reports on Form 6-K dated January 30, 2017 and March 24, 2017, respectively. &#160;As of September 30, 2018, no shares of Series C Preferred Stock or Series D Preferred Stock were outstanding. &#160; Terms and rights of any other preferred shares will be established by the board when or if such shares would be issued. &#160;</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><u>Dividend payment</u></div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">Dividend payment as of September 30, 2018:</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">
<table id="z8d3a0487ce804e38a57724ed512d81af" style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" border="0">
<tr>
<td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left">Payment date</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Total Payment</div>
</td>
<td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062" colspan="2">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Per common share</div>
</td>
</tr>

<tr>
<td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">August 31, 2018</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="WIDTH: 26%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">2.9 million</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">0.02</div>
</td>
</tr>

<tr>
<td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">May 30, 2018</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="WIDTH: 26%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">2.9 million</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">0.02</div>
</td>
</tr>

<tr>
<td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">February 28, 2018</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="WIDTH: 26%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">2.9 million</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">0.02</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 46%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #d9d9d9">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Total payment as per September 30, 2018</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 26%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center">8.6 million</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23.5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center">0.06</div>
</td>
</tr>

<tr>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 46%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 26%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23.5%; VERTICAL-ALIGN: bottom">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 46%; VERTICAL-ALIGN: bottom">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">Dividend payment as of December 31, 2017:</div>
</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 26%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom">&#160;</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: bottom">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">&#160;</td>
<td style="WIDTH: 26%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">&#160;</td>
<td style="WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">&#160;</td>
<td style="WIDTH: 23.5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">&#160;</td>
</tr>

<tr>
<td style="WIDTH: 46%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid; BACKGROUND-COLOR: #244062">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: left">Payment date</div>
</td>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Total Payment</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #ffffff; TEXT-ALIGN: center">Per common share</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">December 6, 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
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<td style="BORDER-TOP: #808080 2px solid; WIDTH: 26%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">2.8 million</div>
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<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
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<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23.5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">0.02</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">August 31, 2017</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="BORDER-TOP-STYLE: none; WIDTH: 26%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">2.8 million</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 23.5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">0.02</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">May 31, 2017</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="BORDER-TOP-STYLE: none; WIDTH: 26%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">10.1 million</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 23.5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM-STYLE: none">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">0.08</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">February 22, 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 26%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">7.6 million</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: left">$</div>
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<td style="BORDER-TOP-STYLE: none; WIDTH: 23.5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: center">0.08</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">Total payment as per December 31, 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">$</div>
</td>
<td style="BORDER-TOP: #808080 2px solid; WIDTH: 26%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center">23.3 million</div>
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<td style="BORDER-TOP: #808080 2px solid; WIDTH: 2%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: left">$</div>
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<td style="BORDER-TOP: #808080 2px solid; WIDTH: 23.5%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #808080 2px solid">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center">0.20</div>
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<div>&#160;</div>
</div>

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</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 8 &#8211; Accounts receivable and accrued revenues</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Accounts receivable and accrued revenues totaling $41.0 million as of September 30, 2018 consists mainly of accounts receivable with no material amounts overdue.</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

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<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 9 - Financial risk management, objectives and policies</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">Note 9 in the 2017 annual report on Form 20-F provides for details of financial risk management objectives and policies.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: normal; COLOR: #000000; TEXT-ALIGN: justify; LINE-HEIGHT: 11.4pt">The Company&#8217;s principal financial liability consists of long-term debt with the main purpose being to partly finance the Company&#8217;s assets and operations. The Company&#8217;s financial assets mainly comprise cash. The Company is exposed to market risk, credit risk and liquidity risk. The Company&#8217;s senior management oversees the management of these risks.</div>

<div>&#160;</div>

<div>&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; FONT-WEIGHT: bold; TEXT-ALIGN: left; LINE-HEIGHT: 11.4pt">Note 10 &#8211; Subsequent events</div>

<div style="LINE-HEIGHT: 11.4pt"><br style="LINE-HEIGHT: 11.4pt">
</div>

<div style="LINE-HEIGHT: 11.4pt">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; COLOR: #000000; TEXT-ALIGN: justify">On November 1, 2018 the Board approved a dividend of $0.02 per common share related to the third quarter 2018 to be paid on November 23, 2018 for shareholders of record as of November 16, 2018.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify">In October, the Company entered into agreement to sell DHT Cathy and DHT Sophie for $24.3 million enbloc. The vessels are expected to be delivered to the buyer in the fourth quarter of 2018. We recorded an impairment of $3.5 million in the third quarter in connection with the planned sale. The vessels carry combined debt of $8.7 million and the Company will net about $15.4 million in cash from the sale. Outstanding debt will be repaid in connection with the delivery of the vessels.</div>

<div><br>
</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify">On October 8, 2018 the Company took delivery of DHT Mustang, the second of its two VLCC newbuildings from HHI. A total of $51.4 million of debt was drawn in connection with the delivery.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify">&#160;</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: justify">
<div style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; TEXT-ALIGN: left">Subsequent to the quarter the Company extended time-charters for two of its VLCCs to an oil major for periods of 3- to 4-years. &#160;The vessels are among the ones that will be fitted with scrubbers and have been extended with fixed base rates plus market related profit sharing structures that include commercial benefits of the scrubbers.&#160;</div>

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  <dht:ProfitlossOnSaleOfVessels contextRef="Context1" unitRef="Unit2" decimals="-3">-46000</dht:ProfitlossOnSaleOfVessels>
  <dht:ProfitlossOnSaleOfVessels contextRef="Context6" unitRef="Unit2" decimals="-3">-283000</dht:ProfitlossOnSaleOfVessels>
  <ifrs-full:AdministrativeExpense contextRef="Context4" unitRef="Unit2" decimals="-3">3445000</ifrs-full:AdministrativeExpense>
  <ifrs-full:AdministrativeExpense contextRef="Context5" unitRef="Unit2" decimals="-3">3853000</ifrs-full:AdministrativeExpense>
  <ifrs-full:AdministrativeExpense contextRef="Context1" unitRef="Unit2" decimals="-3">12383000</ifrs-full:AdministrativeExpense>
  <ifrs-full:AdministrativeExpense contextRef="Context6" unitRef="Unit2" decimals="-3">15512000</ifrs-full:AdministrativeExpense>
  <ifrs-full:OperatingExpense contextRef="Context4" unitRef="Unit2" decimals="-3">95210000</ifrs-full:OperatingExpense>
  <ifrs-full:OperatingExpense contextRef="Context5" unitRef="Unit2" decimals="-3">79460000</ifrs-full:OperatingExpense>
  <ifrs-full:OperatingExpense contextRef="Context1" unitRef="Unit2" decimals="-3">254238000</ifrs-full:OperatingExpense>
  <ifrs-full:OperatingExpense contextRef="Context6" unitRef="Unit2" decimals="-3">222259000</ifrs-full:OperatingExpense>
<!-- ELement Id ifrs-full_RevenueAndOperatingIncome -->
  <ifrs-full:RevenueAndOperatingIncome contextRef="Context4" unitRef="Unit2" decimals="-3">-5033000</ifrs-full:RevenueAndOperatingIncome>
  <ifrs-full:RevenueAndOperatingIncome contextRef="Context5" unitRef="Unit2" decimals="-3">4914000</ifrs-full:RevenueAndOperatingIncome>
  <ifrs-full:RevenueAndOperatingIncome contextRef="Context1" unitRef="Unit2" decimals="-3">-16917000</ifrs-full:RevenueAndOperatingIncome>
  <ifrs-full:RevenueAndOperatingIncome contextRef="Context6" unitRef="Unit2" decimals="-3">40550000</ifrs-full:RevenueAndOperatingIncome>
  <ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod contextRef="Context4" unitRef="Unit2" decimals="-3">189000</ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod>
  <ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod contextRef="Context5" unitRef="Unit2" decimals="-3">235000</ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod>
  <ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod contextRef="Context1" unitRef="Unit2" decimals="-3">641000</ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod>
  <ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod contextRef="Context6" unitRef="Unit2" decimals="-3">630000</ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod>
  <ifrs-full:RevenueFromInterest contextRef="Context4" unitRef="Unit2" decimals="-3">73000</ifrs-full:RevenueFromInterest>
  <ifrs-full:RevenueFromInterest contextRef="Context5" unitRef="Unit2" decimals="-3">28000</ifrs-full:RevenueFromInterest>
  <ifrs-full:RevenueFromInterest contextRef="Context1" unitRef="Unit2" decimals="-3">224000</ifrs-full:RevenueFromInterest>
  <ifrs-full:RevenueFromInterest contextRef="Context6" unitRef="Unit2" decimals="-3">99000</ifrs-full:RevenueFromInterest>
  <ifrs-full:InterestExpense contextRef="Context4" unitRef="Unit2" decimals="-3">13300000</ifrs-full:InterestExpense>
  <ifrs-full:InterestExpense contextRef="Context5" unitRef="Unit2" decimals="-3">10586000</ifrs-full:InterestExpense>
  <ifrs-full:InterestExpense contextRef="Context1" unitRef="Unit2" decimals="-3">39427000</ifrs-full:InterestExpense>
  <ifrs-full:InterestExpense contextRef="Context6" unitRef="Unit2" decimals="-3">29445000</ifrs-full:InterestExpense>
  <ifrs-full:GainsOnChangeInFairValueOfDerivatives contextRef="Context4" unitRef="Unit2" decimals="-3">486000</ifrs-full:GainsOnChangeInFairValueOfDerivatives>
  <ifrs-full:GainsOnChangeInFairValueOfDerivatives contextRef="Context5" unitRef="Unit2" decimals="-3">478000</ifrs-full:GainsOnChangeInFairValueOfDerivatives>
  <ifrs-full:GainsOnChangeInFairValueOfDerivatives contextRef="Context1" unitRef="Unit2" decimals="-3">1031000</ifrs-full:GainsOnChangeInFairValueOfDerivatives>
  <ifrs-full:GainsOnChangeInFairValueOfDerivatives contextRef="Context6" unitRef="Unit2" decimals="-3">1718000</ifrs-full:GainsOnChangeInFairValueOfDerivatives>
  <ifrs-full:OtherIncome contextRef="Context4" unitRef="Unit2" decimals="-3">-3850000</ifrs-full:OtherIncome>
  <ifrs-full:OtherIncome contextRef="Context5" unitRef="Unit2" decimals="-3">-81000</ifrs-full:OtherIncome>
  <ifrs-full:OtherIncome contextRef="Context1" unitRef="Unit2" decimals="-3">-4365000</ifrs-full:OtherIncome>
  <ifrs-full:OtherIncome contextRef="Context6" unitRef="Unit2" decimals="-3">697000</ifrs-full:OtherIncome>
  <ifrs-full:ProfitLossBeforeTax contextRef="Context4" unitRef="Unit2" decimals="-3">-21435000</ifrs-full:ProfitLossBeforeTax>
  <ifrs-full:ProfitLossBeforeTax contextRef="Context5" unitRef="Unit2" decimals="-3">-5012000</ifrs-full:ProfitLossBeforeTax>
  <ifrs-full:ProfitLossBeforeTax contextRef="Context1" unitRef="Unit2" decimals="-3">-58812000</ifrs-full:ProfitLossBeforeTax>
  <ifrs-full:ProfitLossBeforeTax contextRef="Context6" unitRef="Unit2" decimals="-3">14248000</ifrs-full:ProfitLossBeforeTax>
  <ifrs-full:CurrentTaxExpenseIncome contextRef="Context4" unitRef="Unit2" decimals="-3">40000</ifrs-full:CurrentTaxExpenseIncome>
  <ifrs-full:CurrentTaxExpenseIncome contextRef="Context5" unitRef="Unit2" decimals="-3">55000</ifrs-full:CurrentTaxExpenseIncome>
  <ifrs-full:CurrentTaxExpenseIncome contextRef="Context1" unitRef="Unit2" decimals="-3">98000</ifrs-full:CurrentTaxExpenseIncome>
  <ifrs-full:CurrentTaxExpenseIncome contextRef="Context6" unitRef="Unit2" decimals="-3">133000</ifrs-full:CurrentTaxExpenseIncome>
  <dht:NetIncomelossAfterTax contextRef="Context4" unitRef="Unit2" decimals="-3">-21475000</dht:NetIncomelossAfterTax>
  <dht:NetIncomelossAfterTax contextRef="Context5" unitRef="Unit2" decimals="-3">-5067000</dht:NetIncomelossAfterTax>
  <dht:NetIncomelossAfterTax contextRef="Context1" unitRef="Unit2" decimals="-3">-58910000</dht:NetIncomelossAfterTax>
  <dht:NetIncomelossAfterTax contextRef="Context6" unitRef="Unit2" decimals="-3">14115000</dht:NetIncomelossAfterTax>
  <ifrs-full:ProfitLossAttributableToOwnersOfParent contextRef="Context4" unitRef="Unit2" decimals="-3">-21475000</ifrs-full:ProfitLossAttributableToOwnersOfParent>
  <ifrs-full:ProfitLossAttributableToOwnersOfParent contextRef="Context5" unitRef="Unit2" decimals="-3">-5067000</ifrs-full:ProfitLossAttributableToOwnersOfParent>
  <ifrs-full:ProfitLossAttributableToOwnersOfParent contextRef="Context1" unitRef="Unit2" decimals="-3">-58910000</ifrs-full:ProfitLossAttributableToOwnersOfParent>
  <ifrs-full:ProfitLossAttributableToOwnersOfParent contextRef="Context6" unitRef="Unit2" decimals="-3">14115000</ifrs-full:ProfitLossAttributableToOwnersOfParent>
<!-- ELement Id ifrs-full_BasicEarningsLossPerShare -->
  <ifrs-full:BasicEarningsLossPerShare contextRef="Context4" unitRef="Unit5" decimals="2">-0.15</ifrs-full:BasicEarningsLossPerShare>
  <ifrs-full:BasicEarningsLossPerShare contextRef="Context5" unitRef="Unit5" decimals="2">-0.04</ifrs-full:BasicEarningsLossPerShare>
  <ifrs-full:BasicEarningsLossPerShare contextRef="Context1" unitRef="Unit5" decimals="2">-0.41</ifrs-full:BasicEarningsLossPerShare>
  <ifrs-full:BasicEarningsLossPerShare contextRef="Context6" unitRef="Unit5" decimals="2">0.12</ifrs-full:BasicEarningsLossPerShare>
  <ifrs-full:DilutedEarningsLossPerShare contextRef="Context4" unitRef="Unit5" decimals="2">-0.15</ifrs-full:DilutedEarningsLossPerShare>
  <ifrs-full:DilutedEarningsLossPerShare contextRef="Context5" unitRef="Unit5" decimals="2">-0.04</ifrs-full:DilutedEarningsLossPerShare>
  <ifrs-full:DilutedEarningsLossPerShare contextRef="Context1" unitRef="Unit5" decimals="2">-0.41</ifrs-full:DilutedEarningsLossPerShare>
  <ifrs-full:DilutedEarningsLossPerShare contextRef="Context6" unitRef="Unit5" decimals="2">0.12</ifrs-full:DilutedEarningsLossPerShare>
  <ifrs-full:WeightedAverageShares contextRef="Context4" unitRef="Unit4" decimals="-3">143592543000</ifrs-full:WeightedAverageShares>
  <ifrs-full:WeightedAverageShares contextRef="Context5" unitRef="Unit4" decimals="-3">142347298000</ifrs-full:WeightedAverageShares>
  <ifrs-full:WeightedAverageShares contextRef="Context1" unitRef="Unit4" decimals="-3">143405930000</ifrs-full:WeightedAverageShares>
  <ifrs-full:WeightedAverageShares contextRef="Context6" unitRef="Unit4" decimals="-3">118530772000</ifrs-full:WeightedAverageShares>
  <ifrs-full:AdjustedWeightedAverageShares contextRef="Context4" unitRef="Unit4" decimals="-3">143602884000</ifrs-full:AdjustedWeightedAverageShares>
  <ifrs-full:AdjustedWeightedAverageShares contextRef="Context5" unitRef="Unit4" decimals="-3">142347298000</ifrs-full:AdjustedWeightedAverageShares>
  <ifrs-full:AdjustedWeightedAverageShares contextRef="Context1" unitRef="Unit4" decimals="-3">143408748000</ifrs-full:AdjustedWeightedAverageShares>
  <ifrs-full:AdjustedWeightedAverageShares contextRef="Context6" unitRef="Unit4" decimals="-3">118530772000</ifrs-full:AdjustedWeightedAverageShares>
  <dht:ProfitlossForThePeriod contextRef="Context4" unitRef="Unit2" decimals="-3">-21475000</dht:ProfitlossForThePeriod>
  <dht:ProfitlossForThePeriod contextRef="Context5" unitRef="Unit2" decimals="-3">-5067000</dht:ProfitlossForThePeriod>
  <dht:ProfitlossForThePeriod contextRef="Context1" unitRef="Unit2" decimals="-3">-58910000</dht:ProfitlossForThePeriod>
  <dht:ProfitlossForThePeriod contextRef="Context6" unitRef="Unit2" decimals="-3">14115000</dht:ProfitlossForThePeriod>
  <ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset contextRef="Context4" unitRef="Unit2" decimals="-3">0</ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset>
  <ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset contextRef="Context5" unitRef="Unit2" decimals="-3">0</ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset>
  <ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset contextRef="Context1" unitRef="Unit2" decimals="-3">0</ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset>
  <ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset contextRef="Context6" unitRef="Unit2" decimals="-3">0</ifrs-full:GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset>
  <ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation contextRef="Context4" unitRef="Unit2" decimals="-3">9000</ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation>
  <ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation contextRef="Context5" unitRef="Unit2" decimals="-3">38000</ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation>
  <ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation contextRef="Context1" unitRef="Unit2" decimals="-3">63000</ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation>
  <ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation contextRef="Context6" unitRef="Unit2" decimals="-3">141000</ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation>
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  <ifrs-full:ComprehensiveIncome contextRef="Context4" unitRef="Unit2" decimals="-3">-21467000</ifrs-full:ComprehensiveIncome>
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  <ifrs-full:ComprehensiveIncome contextRef="Context1" unitRef="Unit2" decimals="-3">-58847000</ifrs-full:ComprehensiveIncome>
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  <ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent contextRef="Context4" unitRef="Unit2" decimals="-3">-21467000</ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent>
  <ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent contextRef="Context5" unitRef="Unit2" decimals="-3">-5028000</ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent>
  <ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent contextRef="Context1" unitRef="Unit2" decimals="-3">-58847000</ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent>
  <ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent contextRef="Context6" unitRef="Unit2" decimals="-3">14256000</ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent>
<!-- ELement Id ifrs-full_ProfitLoss -->
  <ifrs-full:ProfitLoss contextRef="Context4" unitRef="Unit2" decimals="-3">21475000</ifrs-full:ProfitLoss>
  <ifrs-full:ProfitLoss contextRef="Context5" unitRef="Unit2" decimals="-3">5067000</ifrs-full:ProfitLoss>
  <ifrs-full:ProfitLoss contextRef="Context1" unitRef="Unit2" decimals="-3">58910000</ifrs-full:ProfitLoss>
  <ifrs-full:ProfitLoss contextRef="Context6" unitRef="Unit2" decimals="-3">-14115000</ifrs-full:ProfitLoss>
  <dht:ItemsIncludedInNetIncomeNotAffectingCashFlows contextRef="Context4" unitRef="Unit2" decimals="-3">35278000</dht:ItemsIncludedInNetIncomeNotAffectingCashFlows>
  <dht:ItemsIncludedInNetIncomeNotAffectingCashFlows contextRef="Context5" unitRef="Unit2" decimals="-3">28432000</dht:ItemsIncludedInNetIncomeNotAffectingCashFlows>
  <dht:ItemsIncludedInNetIncomeNotAffectingCashFlows contextRef="Context1" unitRef="Unit2" decimals="-3">92502000</dht:ItemsIncludedInNetIncomeNotAffectingCashFlows>
  <dht:ItemsIncludedInNetIncomeNotAffectingCashFlows contextRef="Context6" unitRef="Unit2" decimals="-3">84190000</dht:ItemsIncludedInNetIncomeNotAffectingCashFlows>
  <ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss contextRef="Context4" unitRef="Unit2" decimals="-3">3500000</ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss>
  <ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss contextRef="Context5" unitRef="Unit2" decimals="-3">0</ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss>
  <ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss contextRef="Context1" unitRef="Unit2" decimals="-3">3500000</ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss>
  <ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss contextRef="Context6" unitRef="Unit2" decimals="-3">7487000</ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss>
  <dht:AmortizationOfDebtIssuanceCosts contextRef="Context4" unitRef="Unit2" decimals="-3">1878000</dht:AmortizationOfDebtIssuanceCosts>
  <dht:AmortizationOfDebtIssuanceCosts contextRef="Context5" unitRef="Unit2" decimals="-3">1773000</dht:AmortizationOfDebtIssuanceCosts>
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  <dht:CompensationRelatedToOptionsAndRestrictedStock contextRef="Context4" unitRef="Unit2" decimals="-3">304000</dht:CompensationRelatedToOptionsAndRestrictedStock>
  <dht:CompensationRelatedToOptionsAndRestrictedStock contextRef="Context5" unitRef="Unit2" decimals="-3">904000</dht:CompensationRelatedToOptionsAndRestrictedStock>
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  <dht:CompensationRelatedToOptionsAndRestrictedStock contextRef="Context6" unitRef="Unit2" decimals="-3">4047000</dht:CompensationRelatedToOptionsAndRestrictedStock>
  <dht:GainlossPurchaseOfConvertibleBonds contextRef="Context4" unitRef="Unit2" decimals="-3">3589000</dht:GainlossPurchaseOfConvertibleBonds>
  <dht:GainlossPurchaseOfConvertibleBonds contextRef="Context5" unitRef="Unit2" decimals="-3">0</dht:GainlossPurchaseOfConvertibleBonds>
  <dht:GainlossPurchaseOfConvertibleBonds contextRef="Context1" unitRef="Unit2" decimals="-3">3589000</dht:GainlossPurchaseOfConvertibleBonds>
  <dht:GainlossPurchaseOfConvertibleBonds contextRef="Context6" unitRef="Unit2" decimals="-3">-1035000</dht:GainlossPurchaseOfConvertibleBonds>
  <ifrs-full:OtherAdjustmentsForNoncashItems contextRef="Context4" unitRef="Unit2" decimals="-3">-13803000</ifrs-full:OtherAdjustmentsForNoncashItems>
  <ifrs-full:OtherAdjustmentsForNoncashItems contextRef="Context5" unitRef="Unit2" decimals="-3">-23365000</ifrs-full:OtherAdjustmentsForNoncashItems>
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  <ifrs-full:OtherAdjustmentsForNoncashItems contextRef="Context6" unitRef="Unit2" decimals="-3">-98305000</ifrs-full:OtherAdjustmentsForNoncashItems>
  <dht:ChangesInOperatingAssetsAndLiabilities contextRef="Context4" unitRef="Unit2" decimals="-3">18169000</dht:ChangesInOperatingAssetsAndLiabilities>
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  <dht:AccountsReceivableAndAccruedRevenues contextRef="Context6" unitRef="Unit2" decimals="-3">3259000</dht:AccountsReceivableAndAccruedRevenues>
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  <dht:CapitalizedVoyageExpensesCashFlow contextRef="Context1" unitRef="Unit2" decimals="-3">474000</dht:CapitalizedVoyageExpensesCashFlow>
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<!-- ELement Id dht_PrepaidExpenses -->
  <dht:PrepaidExpenses contextRef="Context4" unitRef="Unit2" decimals="-3">-2320000</dht:PrepaidExpenses>
  <dht:PrepaidExpenses contextRef="Context5" unitRef="Unit2" decimals="-3">298000</dht:PrepaidExpenses>
  <dht:PrepaidExpenses contextRef="Context1" unitRef="Unit2" decimals="-3">-4641000</dht:PrepaidExpenses>
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  <dht:AccountsPayableAndAccruedExpenses contextRef="Context5" unitRef="Unit2" decimals="-3">-2966000</dht:AccountsPayableAndAccruedExpenses>
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  <dht:BunkersLubeOilsAndConsumables contextRef="Context4" unitRef="Unit2" decimals="-3">-2650000</dht:BunkersLubeOilsAndConsumables>
  <dht:BunkersLubeOilsAndConsumables contextRef="Context5" unitRef="Unit2" decimals="-3">-2878000</dht:BunkersLubeOilsAndConsumables>
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  <dht:NetCashProvidedByOperatingActivities contextRef="Context5" unitRef="Unit2" decimals="-3">17553000</dht:NetCashProvidedByOperatingActivities>
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  <dht:InvestmentInVessels contextRef="Context4" unitRef="Unit2" decimals="-3">-5000</dht:InvestmentInVessels>
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<!-- ELement Id dht_GeneralInformationTextBlock -->
  <dht:GeneralInformationTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 1 - General information&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;DHT Holdings, Inc. (&amp;#8220;DHT&amp;#8221; or the &amp;#8220;Company&amp;#8221;) is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company&amp;#39;s principal executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The Company is engaged in the ownership and operation of a fleet of crude oil carriers.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The financial statements were approved by the Company&amp;#39;s Board of Directors (the &amp;#8220;Board&amp;#8221;) on &lt;font style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;November 1,&lt;/font&gt; 2018 and authorized for issue on &lt;font style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;November 1&lt;/font&gt;, 2018.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</dht:GeneralInformationTextBlock>
  <ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 2 - General accounting principles&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The condensed consolidated interim financial statements do not include all information and disclosure required in the annual financial statements and should be read in conjunction with DHT&amp;#39;s audited consolidated financial statements included in its Annual Report on Form 20-F for 2017. Our interim results are not necessarily indicative of our results for the entire year or for any future periods.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The interim condensed financial statements have been prepared in accordance with IAS 34 &amp;#8220;Interim Financial Reporting&amp;#8221; as issued by the International Accounting Standards Board (&amp;#8220;IASB&amp;#8221;).&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The interim condensed financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. The accounting policies that have been followed in these interim condensed financial statements are the same as presented in the 2017 audited consolidated financial statements.&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;These interim condensed consolidated financial statements have been prepared on a going concern basis.&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;u&gt;Application of new and revised International Financial Reporting Standards (&amp;#8220;IFRSs&amp;#8221;)&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;New and revised IFRSs, and interpretations mandatory for the first time for the financial year beginning January 1, 2018 are listed below. With the exception of IFRS 15, the adoption did not have any effect on the financial statements:&lt;/div&gt; &lt;div style=&quot;font-family:Arial;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;IFRS 9 Financial Instruments&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;IFRS 15 Revenue from Contracts with Customers&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Amendments to IFRS 2 Classification and Measurement of Share-based Payment Transactions&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Annual Improvements to IFRS Standards 2014-2016 Cycle&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;IFRIC 22 Foreign Currency Transactions and Advance Consideration&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Adoption of IFRS 15 Revenue from Contracts with Customers&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;Effective from January 1, 2018, we adopted the new accounting standard IFRS 15 &lt;font style=&quot;font-family:Arial;font-size:10pt;font-style:italic;&quot;&gt;Revenue from Contracts with Customers&lt;/font&gt; using the modified retrospective method. We recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of accumulated deficit. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;For vessels operating on spot charters, voyage revenues are, under the new revenue standard, recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port if they qualify as fulfillment costs under IFRS 15. To recognize costs incurred to fulfil a contract as an asset, the following criteria shall be met: (i) the costs relate directly to the contract, (ii) the costs generate or enhance resources of the entity that will be used in satisfying performance obligations in the future and (iii) the costs are expected to be recovered. Reference is also made to note 2 in the Annual Report on Form 20-F for 2017.&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;Time charters continue to be accounted as operating leases in accordance with IAS 17 and related interpretations and the implementation of the new revenue standard therefore did not have an effect on income recognition from such contracts.&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The cumulative effect of the adjustments made to our condensed consolidated statement of financial position at January 1, 2018 from the adoption of IFRS 15 &lt;font style=&quot;font-family:Arial;font-size:10pt;font-style:italic;&quot;&gt;Revenue from Contracts with Customers&lt;/font&gt; was as follows:&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;&quot;&gt;CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Balance at&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;vertical-align:bottom;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Balance at&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;December 31, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;due to IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;ASSETS&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts receivable and accrued revenues&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;42,212&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(7,437)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;34,775&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Capitalized voyage expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,888&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,888&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;LIABILITIES&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts payable and accrued expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;17,427&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(815)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;16,613&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;EQUITY&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accumulated deficit&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(222,087)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(4,734)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(226,821)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The impact of the adoption of IFRS 15 &lt;font style=&quot;font-family:Arial;font-size:10pt;font-style:italic;&quot;&gt;Revenues from Contracts with Customers&lt;/font&gt; on our condensed consolidated statement of financial position as of September 30, 2018, condensed consolidated income statement and condensed consolidated statement of cash flow for third quarter and first three quarters of 2018 were as follows:&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td colspan=&quot;4&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;font-weight:bold;vertical-align:bottom;width:48.48%;&quot;&gt;CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:48.48%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:48.48%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance at September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top-style:none;vertical-align:bottom;width:17.18%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top-style:none;vertical-align:bottom;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-right:2px solid;border-top-style:none;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Balance without&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;due to IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;adoption of IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;ASSETS&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts receivable and accrued revenues&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;40,998&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;5,456&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;46,453&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Capitalized voyage expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,414&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,414)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(0)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;LIABILITIES&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts payable and accrued expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;25,039&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;615&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;25,655&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;EQUITY&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accumulated deficit&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(294,346)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;3,426&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(290,920)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td colspan=&quot;4&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;font-weight:bold;vertical-align:top;width:36.79%;&quot;&gt;CONDENSED CONSOLIDATED INCOME STATEMENT&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.8%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:top;width:36.79%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:32.4%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.8%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;color:#ffffff;font-weight:bold;vertical-align:top;width:36.79%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:32.4%;&quot;&gt;&amp;#160;3Q 2018&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-left:#808080 2px solid;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:30.8%;&quot;&gt;&amp;#160;9 months 2018&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:32.4%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Jul. 1 - Sept. 30 2018&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-left:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:30.8%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Jan. 1 - Sept. 30 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.04%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;without&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:10.05%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;without&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;due to IFRS&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;adoption of&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.05%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;due to IFRS&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;adoption of IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#c0c0c0;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Shipping revenues&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;90,177&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(2,407)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;87,770&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.05%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;237,322&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,981)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;235,341&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#c0c0c0;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Voyage expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(41,983)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,140&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(40,843)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.05%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(108,502)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;673&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(107,829)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#c0c0c0;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Net income/(loss) after tax&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(21,475)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,267)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:top;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(22,742)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.05%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(58,910)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,308)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:top;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(60,218)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td colspan=&quot;4&quot; style=&quot;border-left-style:none;border-top-style:none;font-weight:bold;vertical-align:bottom;width:37.06%;&quot;&gt;CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.49%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-left-style:none;border-top-style:none;vertical-align:bottom;width:37.06%;&quot;&gt;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:32.38%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.49%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:32.38%;&quot;&gt;&amp;#160;3Q 2018&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:30.49%;&quot;&gt;&amp;#160;9 months 2018&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:32.38%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Jul. 1 - Sept. 30 2018&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:30.49%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Jan. 1 - Sept. 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:11.45%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance without&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance without&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Adjustments&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;due to IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;adoption of&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;&amp;#160;IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;due to IFRS&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;adoption of&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Net income / (loss)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(21,475)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,267)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(22,742)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(58,910)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,308)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(60,218)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts receivable and accrued revenues&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(11,622)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;2,407&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(9,215)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(6,223)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,981&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(4,242)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Capitalized voyage expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,157&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,157)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(0)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;474&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(474)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;0&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts payable and accrued expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,407)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;17&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,391)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;8,052&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(199)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;7,853&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Net cash provided by/(used in) operating activities&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(4,367)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(4,367)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;25,666&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;25,666&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port and amortized between load port and discharge port. The closing balance of assets recognized from the costs to obtain or fulfil a contract was $1.4 million as per September 30, 2018. During third quarter of 2018, $1.8 million was amortized and no impairment losses were recognized in the period.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;IFRS 15 requires disclosure on the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period and an explanation of when an entity expects to recognize these amounts as revenue. We have applied the practical expedient related to performance obligation with reference to IFRS 15:121 (a), as the original expected duration of the underlying contract is one year or less. Consequently, no disclosure is presented in the notes to the interim condensed consolidated financial statements.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;According to IFRS 15:114 an entity shall disaggregate revenue recognized from contracts with customers into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. DHT&amp;#39;s business is to operate a fleet of crude oil tankers and management has organized the entity as one segment based upon on the service provided. Consequently, the Company does not disaggregate revenue recognized from contracts with customers.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory>
  <ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 3 - Segment reporting&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;Since DHT&amp;#39;s business is limited to operating a fleet of crude oil tankers, management has organized the entity as one segment based upon the service provided. Consequently, the Company has one operating segment as defined in IFRS 8, Operating Segments.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;As of September 30, 2018, the Company had 28 vessels in operation; 7 vessels were on time charters and 21 vessels operating in the spot market.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Information about major customers:&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;For the period from July 1, 2018 to September 30, 2018 five customers represented $18.6 million, $8.4 million, $6.4 million, $5.5 million and $5.3 million, respectively, of the Company&amp;#39;s revenues. The five customers in aggregate represented $44.2 million of the total revenue of $90.2 million for the period from July 1, 2018 to September 30, 2018.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;For the period from January 1, 2018 to September 30, 2018 five customers represented $42.1 million, $27.8 million, $14.9 million, $13.1 million and $12.9 million, respectively, of the Company&amp;#39;s revenues. The five customers in aggregate represented $110.8 million of the total revenue of $237.3 million for the period from January 1, 2018 to September 30, 2018.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;For the period from July 1, 2017 to September 30, 2017 five customers represented $11.3 million, $10.9 million, $9.8 million, $7.3 million and $7.2 million, respectively, of the Company&amp;#39;s revenues. The five customers in aggregate represented $46.5 million of the total revenue of $84.4 million for the period from July 1, 2017 to September 30, 2017.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;For the period from January 1, 2017 to September 30, 2017 five customers represented $37.1 million, $26.8 million, $24.5 million, $19.2 million and $16.6 million, respectively, of the Company&amp;#39;s revenues. The five customers in aggregate represented $124.2 million of the total revenue of $262.8 million for the period from January 1, 2017 to September 30, 2017.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory>
  <ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 4 - Interest bearing debt&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;As of September 30, 2018, DHT had interest bearing debt totaling $935.1 million (including the &lt;/font&gt;$157.9 million convertible senior notes)&lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;.&lt;/font&gt;&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Scheduled debt repayments (USD thousands) and margin above Libor&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr style=&quot;height:22px;&quot;&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;Margin&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Q4&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:15px;&quot;&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;above Libor&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;2019&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;2020&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;2021&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Thereafter&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Total&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:14px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;ABN Amro Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.40%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;7,702&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;30,808&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;30,808&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;30,808&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;325,815&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;425,941&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Credit Agricole Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.19%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;1,649&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;6,597&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;6,597&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;6,597&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;42,925&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;64,367&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Danish Ship Finance Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.25%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;1,300&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2,600&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;39,000&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;42,900&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:20px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Nordea/DNB Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.75%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;434&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;8,251&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;8,685&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:19px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Nordea BW VLCC Acquisition Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.40%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;5,400&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;21,600&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;21,600&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;21,600&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;188,683&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;258,883&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;ABN Amro Revolving Credit Facility *&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.50%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Convertible Senior Notes&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;32,860&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;125,000&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;157,860&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;Total&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;16,486&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;102,716&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;98,005&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;184,005&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;557,423&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;958,635&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Unamortized upfront fees bank loans&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;(8,366)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Difference amortized cost/notional amount convertible note&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;(15,194)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;Total interest bearing debt&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;935,075&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;*$55.5 mill. available as of September 30, 2018.&amp;#160; Quarterly reduction of $1.8 million.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Refinancing&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;In April we entered into a $484 million secured credit facility agreement for the refinancing of 13 of the Company&amp;#39;s VLCCs. The following credit facilities were refinanced: Nordea Samco Credit Facility (DHT Sundarbans, DHT Taiga, DHT Redwood, DHT Hawk, DHT China, DHT Falcon and DHT Condor) $215.2 million, Nordea/DNB Credit Facility (DHT Leopard) $44.4 million, ABN Amro Credit Facility (DHT Lion, DHT Panther and DHT Puma) $118.4 million and the undrawn DNB/Nordea Credit Facility (DHT Bronco and DHT Mustang) $82.5 million. We also entered into an agreement with ABN Amro to increase the Company&amp;#39;s revolving credit facility to $57.3 million from the current availability of $43.4 million. Both credit facilities are described below.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;ABN Amro Credit Facility&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;In April 2018 we entered into a credit facility with ABN Amro, Nordea, Credit Agricole, DNB, ING, Danish Ship Finance, SEB, DVB and Swedbank as lenders and DHT Holdings, Inc. as guarantor for the financing of eleven VLCCs and two newbuildings. Borrowings bear interest at a rate equal to Libor + 2.40% and the loan is repayable in quarterly installments of $7.7 million through Q2 2024 and a final payment of $248.8 with the last installment. When the facility is fully drawn, the quarterly installments will be $8.3 million with a final payment of $286.1 million in the second quarter of 2024.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;Value &lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;adjusted* tangible net worth of $300 million&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;&quot;&gt;* Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&amp;#39;s vessels (as determined quarterly by an approved broker).&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;u&gt;Credit Agricole Credit Facility&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;In June 2015 Samco Gamma Ltd and DHT Tiger Limited entered into a credit agreement with Credit Agricole for the financing of the Samco Scandinavia and the newbuilding DHT Tiger that was delivered in January 2017.&amp;#160; In June 2016 we made a voluntary prepayment of $5.0 million and the financing of the Samco Scandinavia is repayable with 30 quarterly installments of $0.97 million each. The $48.7 million financing of DHT Tiger was drawn in 2016 in advance of the delivery of the DHT Tiger which took place in January 2017 and is &lt;/font&gt;repayable in quarterly installments of $0.7 million with a final payment of $29.7 in December 2023&lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;.&amp;#160; The loan bears interest at Libor plus a margin of 2.1875%.&amp;#160; &lt;/font&gt;The credit agreement is guaranteed by DHT and contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;Value &lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;adjusted* tangible net worth of $200 million&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Unencumbered consolidated cash of at least the higher of (i) $20 million and (ii) 6% of our gross interest bearing debt&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;*&lt;/font&gt; Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&amp;#39;s vessels (as determined quarterly by an approved broker).&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;u&gt;Danish Ship Finance Credit Facility&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;font style=&quot;font-family:Arial;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;&quot;&gt;In &lt;/font&gt;November 2014 we entered into a credit facility totaling $49.4 million with Danish Ship Finance (&amp;#8220;DSF&amp;#8221;) as lender and DHT Holdings, Inc. as guarantor for the financing of the VLCC newbuilding DHT Jaguar delivered in Q4 2015.&amp;#160; The full amount of the credit facility was drawn in November 2015.&amp;#160; Borrowings bear interest at a rate equal to Libor + 2.25% and are repayable in 10 semiannual installments of $1.3 million each from May 2016 to November 2020 and a final payment of $36.4 million in November 2020. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessel that secure the credit facility be no less than 130% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;Value &lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;adjusted* tangible net worth of $300 million&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;*&lt;/font&gt; Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&amp;#39;s vessels (as determined quarterly by an approved broker).&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Nordea/DNB Credit Facility&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;In October 2015 we entered into a credit facility totaling $50.0 million with Nordea and DNB as lenders and DHT Holdings, Inc. as guarantor for the financing of the VLCC newbuilding DHT Leopard delivered in Q1 2016.&amp;#160; The full amount of the credit facility was drawn on December 29, 2015 in advance of the delivery of the DHT Leopard on January 4, 2016.&amp;#160; Borrowings bear interest at a rate equal to Libor + 2.25% and are repayable in 20 quarterly installments of $0.625 million from March 2016 to December 2020 and a final payment of $37.5 million in December 2020. In April 2018, DHT Leopard was refinanced as part of the ABN Amro Credit Facility. In September 2016, the four vessels financed by RBS (DHT Ann, DHT Chris, DHT Cathy and DHT Sophie) were included in the credit facility as a separate tranche totaling $40.0 million.&amp;#160; Borrowings under the $40.0 million tranche bear interest at a rate equal to Libor + 2.75% and are repayable in 11 quarterly installments of $2.1 million from December 2016 to June 2019 and a final payment of $17.3 million in August 2019.&amp;#160; Subsequent to the sale of DHT Chris which was delivered to the buyers in January 2017 and the sale of the DHT Ann which was delivered to the buyers in May 2017, the separate tranche is repayable in quarterly installments of $0.4 million and a final payment of $6.9 million in August 2019. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings.&amp;#160; Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;Value &lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;adjusted* tangible net worth of $300 million&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;*&lt;/font&gt; Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&amp;#39;s vessels (as determined quarterly by an approved broker).&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Nordea BW VLCC Acquisition Credit Facility&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;$204 million of the $300 million credit facility was borrowed during the second quarter of 2017 in connection with delivery of the nine VLCCs in water from BW.&amp;#160; The final $96 million was borrowed in connection with the delivery of the two VLCC newbuildings from DSME in the second quarter of 2018.&amp;#160; The credit facility is guaranteed by DHT Holdings, Inc., borrowings bear interest at a rate equal to Libor + 2.40%. Subsequent to the sale of the DHT Utah and DHT Utik and the delivery of DHT Stallion and DHT Colt, the current outstanding is repayable in quarterly installments of $5.4 million with a final payment of $156.3 million in the second quarter of 2023.&amp;#160; The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings.&amp;#160; Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;Value &lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;adjusted* tangible net worth of $300 million&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;*&lt;/font&gt; Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&amp;#39;s vessels (as determined quarterly by an approved broker).&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;In September 2018 we secured commitment to a $50 million scrubber financing structured through an increase of the existing $300 million secured credit facility entered into in the second quarter of 2017. The increased facility will bear the same interest rate equal to Libor + 2.40%. The increased facility is available, but currently undrawn, and will have quarterly repayments of $2.5 million commencing second quarter 2020. Other terms and conditions remain unchanged.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;ABN Amro Revolving Credit Facility&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;In November 2016, we entered into a secured five year revolving credit facility with ABN Amro totaling $50.0 million to be used for general corporate purposes, including security repurchases and the acquisition of ships. The financing bears interest at a rate equal to Libor + 2.50%.&amp;#160; In April 2018, we entered into an agreement with ABN Amro to increase the revolving credit facility to $57.3 million with a quarterly reduction of $1.8 million starting July 31, 2018. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;Value &lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;adjusted* tangible net worth of $300 million&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; class=&quot;DSPFListTable&quot; style=&quot;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;width:20.6pt;&quot;&gt;&lt;/td&gt; &lt;td style=&quot;align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;&quot;&gt;&amp;#9679;&lt;/td&gt; &lt;td style=&quot;text-align:justify;vertical-align:top;width:auto;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt&lt;/font&gt;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;*&lt;/font&gt;Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&amp;#39;s vessels (as determined quarterly by an approved broker).&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Convertible Senior Notes&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;During the second quarter of 2017 we &lt;/font&gt;repurchased $12.2 million of the convertible senior notes in the open market at a price of 98.4% of par. &lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;During the first quarter of 2017 we &lt;/font&gt;repurchased $5.0 million of the convertible senior notes in the open market at a price of 100.4% of par. &lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;During the fourth quarter of 2016 we &lt;/font&gt;repurchased $23.0 million of the convertible senior notes in the open market at an average price of 90.4% of par.&lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;&amp;#160; In February 2016 we &lt;/font&gt;repurchased $3.0 million of the convertible senior notes in the open market at a price of 99% of par and in April 2016 &lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;we &lt;/font&gt;repurchased $1.0 million of the convertible senior notes in the open market at a price of 99% of par&lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;&quot;&gt;. In August 2018, approximately $73.0 million of the 2019 Notes were exchanged for approximately $80.3 million of the 2021 Notes. The repurchased convertible senior notes have been cancelled and the current outstanding of the 2019 Notes is $32.9 million and the current outstanding of the 2021 Notes is $125.0 million.&lt;/font&gt;&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;u&gt;Interest rate swaps&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;As of September 30, 2018, DHT has 8 amortizing interest rate swaps totaling $355.7 million with maturity ranging from the second quarter 2023 to the third quarter 2023. The average fixed interest rate is 2.97%. As of September 30, 2018, the fair value of the derivative financial asset related to the swaps amounted to $0.6 million and the fair value of the derivative financial liability related to the swaps amounted to $0.2 million. A 9&lt;sup style=&quot;font-size:smaller;line-height:1;vertical-align:text-top;&quot;&gt;th&lt;/sup&gt; swap equaling $51.4 million has been committed in connection with the delivery of DHT Mustang in October 2018.&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;u&gt;Covenant compliance&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;As of the date of our most recent compliance certificates submitted to the banks, we are in compliance with our financial covenants.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory>
  <dht:DisclosureOfVesselsTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 5 - Vessels&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The carrying values of our vessels may not represent their fair market value at any point in time since the market prices of second-hand vessels tend to fluctuate with changes in charter rates and the cost of constructing new vessels. Historically, both charter rates and vessel values have been cyclical. The carrying amounts of vessels held and used by us are reviewed for potential impairment or reversal of prior impairment charges whenever events or changes in circumstances indicate that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel. The Company is of the view that there were no events or changes in circumstances indicating that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel as of September 30, 2018. However, with regards to the DHT Cathy and DHT Sophie which we have entered into agreement to sell, we have recorded an impairment charge of $3.5 million in the third quarter of 2018 (see Note 10 for further details).&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Cost of Vessels&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;1,810,158&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Additions&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;1,714&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Transferred from vessels under construction&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;252,323&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Retirement **&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;(1,244)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;&quot;&gt;2,062,951&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:80.91%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Depreciation, impairment and amortization*&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;366,012&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Depreciation and amortization&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;75,053&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Impairment charges&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;3,500&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Retirement **&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;(1,244)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;&quot;&gt;443,321&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:80.91%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Carrying Amount&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:14px;&quot;&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:16px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;1,444,146&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;&quot;&gt;1,619,630&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:top;width:80.91%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom-style:none;border-top:0px;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;*Accumulated numbers&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:0px;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom-style:none;border-top:0px;vertical-align:top;width:80.91%;&quot;&gt;**Relates to completed depreciation of drydocking for DHT Sophie.&lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:0px;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;&lt;u&gt;Vessels under construction&lt;/u&gt;&lt;/font&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt;We entered into agreements with HHI for the construction of two VLCCs, of which the first was delivered in July 2018, with a contract price of $79.9 million each (excluding scrubbers). The company has added scrubbers at the cost of $2.5 million per ship.&amp;#160; As of September 30, 2018 we have paid pre-delivery installments totaling $24.7 million for the remaining newbuilding to be delivered in Q4 2018. Borrowing costs are capitalized as part of vessels under construction.&lt;/div&gt; &lt;div&gt;&amp;#160;&lt;/div&gt; &lt;/div&gt; &lt;div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;Cost of vessels under construction&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;&quot;&gt;114,759&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Additions&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;&quot;&gt;164,364&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Transferred to vessels&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;&quot;&gt;(252,323)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:right;&quot;&gt;26,799&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;Carrying Amount&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;&quot;&gt;114,759&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:right;&quot;&gt;26,799&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;&lt;/font&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt;&lt;font style=&quot;background-color:#ffffff;font-family:Arial;font-size:10pt;&quot;&gt;The following table is a timeline of future expected payments and dates relating to vessels under construction as of September 30, 2018:&lt;/font&gt;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;Vessels under construction&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;&quot;&gt;September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;&quot;&gt;January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Not later than one year&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;57,647&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;218,565&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Later than one year and not later than three years&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Later than three years and not later than five years&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;Total&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;&quot;&gt;57,647&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;&quot;&gt;218,565&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;The newbuilding is financed as a part of the ABN Amro Credit Facility and remaining commitment was financed with cash at hand. Reference is made to note 10 - Subsequent events.&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</dht:DisclosureOfVesselsTextBlock>
  <dht:EquityAndConvertibleBondOfferingsTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 6 - Equity and Convertible Bond Offerings&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;margin-right:2.2pt;text-align:left;&quot;&gt;&lt;u&gt;Convertible Senior Note Offering&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;On September 16, 2014 we completed a private placement of $150 million aggregate principal amount of convertible senior notes due 2019 (the &amp;#8220;2019 Notes&amp;#8221;). DHT will pay interest at a fixed rate of 4.5% per annum, payable semiannually in arrears. Net proceeds to DHT were approximately $145.9 million after the payment of placement agent fees. The value of the conversion right has been estimated to $21.8 million; hence $21.8 million of the aggregate principal amount of $150.0 million was classified as equity. The Notes will be convertible into common stock of DHT at any time after placement until one business day prior to their maturity. The initial conversion price was $8.125 per share of common stock (equivalent to 18,461,538 shares of common stock), and is subject to customary anti-dilution adjustments. As a result of the cumulative effect of previously announced cash dividends, the conversion price was adjusted to $6.2599 effective May 18, 2018. Based on the adjusted conversion price and after adjusting for the repurchase of $44.2 million of the convertible senior notes in the open market at an average price of 94.5% of par, and the private exchange August 2018, the total number of shares to be issued would be 5,249,285.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;In August 2018 we completed a privately negotiated exchange agreement with certain holders of the outstanding 4.5% Convertible Senior Notes due 2019 to exchange approximately $73.0 million aggregate principal amount of the existing notes for approximately $80.3 million aggregate principal amount of the Company&amp;#39;s new 4.5% Convertible Senior Notes due 2021. In addition, a private placement of approximately $44.7 million aggregate principal amount of the Company&amp;#39;s new 4.5% Convertible Senior Notes due 2021 for gross proceeds of approximately $41.6 million. Net proceeds to DHT were approximately $39.0 million after the payment of placement agent fees.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;Following closing of the private exchange and the private placement, there are $125 million aggregate principal amount of convertible senior notes due 2021 (the &amp;#8220;2021 Notes&amp;#8221;) and approximately $32.9 million aggregate principal amount of the 2019 Notes outstanding. The 2021 Notes will bear interest at a rate of 4.5% per annum on the principal amount accruing from August 21, 2018. Interest will be payable semiannually in arrears on February 15 and August 15 each year, beginning on February 2019. Interest is computed on the basis of 360-day year comprised of twelve 30-days months. The initial conversion price was $6.2599 per share of common stock (equivalent to an initial conversion rate of 159.7470 shares of common stock per $1,000 aggregate principal amount of 2021 Notes) and is subject to customary anti-dilution adjustments. The 2021 Notes will mature on August 15, 2021, unless earlier converted, redeemed or repurchased in accordance with their terms.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;We have concluded that the adjustment of the conversion rate upon the payment of cash dividends does not result in an accounting entry as the liability and equity components of the instrument are not re-measured as a result of the cash dividend. This is based on the fact that we have determined that the Notes are non-derivative financial instruments that contain both liability and equity components. The financial liability is the contractual obligation to make interest and principal payments and the equity component is the right of the holders of the Notes to convert the Notes into a fixed number of the Company&amp;#39;s common shares. In accordance with IAS 32, the liability component was measured first and is recorded at its amortized cost over the life of the instrument. The equity component was assigned the residual amount after deducting the amount separately determined for the liability component. The equity component was recorded as part of additional paid-in capital and is never re-measured.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The determination that the conversion feature is an equity instrument (rather than a derivative liability accounted for under IAS 39) was made on the basis that there is no variability in the number of equity instruments delivered upon conversion (i.e. the exchange meets the &amp;#8220;fixed for fixed&amp;#8221; requirements set forth under IAS 32). In making the determination, the Company considered that the Notes contain a mechanism whereby the conversion rate of the Notes is adjusted for cash dividends paid by the Company. Although this adjustment results in variability in the number of common shares delivered, the fact that this variability serves to maintain the relative economic rights of the holders of the Notes results in no violation of the &amp;#8220;fixed for fixed&amp;#8221; requirement.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</dht:EquityAndConvertibleBondOfferingsTextBlock>
  <dht:DisclosureOfEquityandDividendsExplanatoryTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 7 - Stockholders equity and dividend payment&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Stockholders equity&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244061;border-bottom:#000000 2px solid;font-weight:bold;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:18.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:right;&quot;&gt;Common stock&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:23.72%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:right;&quot;&gt;Preferred stock&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Issued at September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;143,592,543&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;0&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Shares to be issued assuming conversion of&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;convertible notes due 2019*&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;6,562,001&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Shares to be issued assuming conversion of&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;convertible notes due 2021*&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;19,968,375&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Numbers of shares authorized for issue&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;at September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;250,000,000&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;1,000,000&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom:#000000 2px solid;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Par value&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#000000 2px solid;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;$ 0.01&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#000000 2px solid;vertical-align:middle;width:4.2%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#000000 2px solid;vertical-align:middle;width:23.72%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;$ 0.01&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td colspan=&quot;4&quot; style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &amp;#160;&amp;#160;*assuming the maximum Fundamental Change conversion rate.&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:left;text-indent:36pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;&quot;&gt;&lt;u&gt;Common stock:&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Preferred stock:&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;In the first quarter 2017, the board established two series of preferred stock: Series C Preferred Stock and Series D Preferred Stock, the terms of which are detailed in Current Reports on Form 6-K dated January 30, 2017 and March 24, 2017, respectively. &amp;#160;As of September 30, 2018, no shares of Series C Preferred Stock or Series D Preferred Stock were outstanding. &amp;#160; Terms and rights of any other preferred shares will be established by the board when or if such shares would be issued. &amp;#160;&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Dividend payment&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Dividend payment as of September 30, 2018:&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Payment date&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;2&quot; style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;Total Payment&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;2&quot; style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;Per common share&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;August 31, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.9 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;May 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.9 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;February 28, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.9 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Total payment as per September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;8.6 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;0.06&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Dividend payment as of December 31, 2017:&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:26%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:23.5%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Payment date&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;2&quot; style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;Total Payment&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;2&quot; style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;Per common share&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:17px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom-style:none;border-top:#808080 2px solid;padding-bottom:2px;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;December 6, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.8 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom-style:none;border-top-style:none;padding-bottom:2px;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;August 31, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.8 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;May 31, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;10.1 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.08&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;February 22, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;7.6 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.08&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Total payment as per December 31, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;23.3 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;0.20&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;/div&gt; &lt;div&gt;&amp;#160;&lt;/div&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</dht:DisclosureOfEquityandDividendsExplanatoryTextBlock>
  <ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 8 - Accounts receivable and accrued revenues&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;Accounts receivable and accrued revenues totaling $41.0 million as of September 30, 2018 consists mainly of accounts receivable with no material amounts overdue.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory>
  <ifrs-full:DisclosureOfFinancialRiskManagementExplanatory contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 9 - Financial risk management, objectives and policies&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;Note 9 in the 2017 annual report on Form 20-F provides for details of financial risk management objectives and policies.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;&quot;&gt;The Company&amp;#39;s principal financial liability consists of long-term debt with the main purpose being to partly finance the Company&amp;#39;s assets and operations. The Company&amp;#39;s financial assets mainly comprise cash. The Company is exposed to market risk, credit risk and liquidity risk. The Company&amp;#39;s senior management oversees the management of these risks.&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt;</ifrs-full:DisclosureOfFinancialRiskManagementExplanatory>
  <ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Note 10 - Subsequent events&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt;On November 1, 2018 the Board approved a dividend of $0.02 per common share related to the third quarter 2018 to be paid on November 23, 2018 for shareholders of record as of November 16, 2018.&lt;/div&gt; &lt;div&gt;&lt;br /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt;In October, the Company entered into agreement to sell DHT Cathy and DHT Sophie for $24.3 million enbloc. The vessels are expected to be delivered to the buyer in the fourth quarter of 2018. We recorded an impairment of $3.5 million in the third quarter in connection with the planned sale. The vessels carry combined debt of $8.7 million and the Company will net about $15.4 million in cash from the sale. Outstanding debt will be repaid in connection with the delivery of the vessels.&lt;/div&gt; &lt;div&gt;&lt;br /&gt; &lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt;On October 8, 2018 the Company took delivery of DHT Mustang, the second of its two VLCC newbuildings from HHI. A total of $51.4 million of debt was drawn in connection with the delivery.&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:justify;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Subsequent to the quarter the Company extended time-charters for two of its VLCCs to an oil major for periods of 3- to 4-years. &amp;#160;The vessels are among the ones that will be fitted with scrubbers and have been extended with fixed base rates plus market related profit sharing structures that include commercial benefits of the scrubbers.&amp;#160;&lt;/div&gt; &lt;div&gt;&lt;br /&gt; &lt;/div&gt; &lt;/div&gt; &lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;div&gt;&lt;br /&gt; &lt;/div&gt; &lt;div style=&quot;text-align:center;&quot;&gt;&lt;font style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-style:normal;font-weight:normal;&quot;&gt;21&lt;/font&gt;&lt;/div&gt;</ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory>
<!-- ELement Id dht_CondensedBalanceSheetTableTextBlock -->
  <dht:CondensedBalanceSheetTableTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;&quot;&gt;CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Balance at&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;vertical-align:bottom;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Balance at&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;December 31, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;due to IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;ASSETS&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts receivable and accrued revenues&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;42,212&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(7,437)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;34,775&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Capitalized voyage expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,888&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,888&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;LIABILITIES&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts payable and accrued expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;17,427&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(815)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;16,613&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;EQUITY&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accumulated deficit&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(222,087)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(4,734)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;(226,821)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;&lt;br/&gt;&lt;br/&gt;&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td colspan=&quot;4&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;font-weight:bold;vertical-align:bottom;width:48.48%;&quot;&gt;CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:48.48%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:48.48%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance at September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top-style:none;vertical-align:bottom;width:17.18%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top-style:none;vertical-align:bottom;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-right:2px solid;border-top-style:none;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;Balance without&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;due to IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;&quot;&gt;adoption of IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;ASSETS&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts receivable and accrued revenues&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;40,998&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;5,456&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;46,453&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Capitalized voyage expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,414&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,414)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(0)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;LIABILITIES&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts payable and accrued expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;25,039&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;615&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;25,655&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;&quot;&gt;EQUITY&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accumulated deficit&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(294,346)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.16%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;3,426&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(290,920)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:CondensedBalanceSheetTableTextBlock>
  <dht:CondensedIncomeStatementTableTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td colspan=&quot;4&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;font-weight:bold;vertical-align:top;width:36.79%;&quot;&gt;CONDENSED CONSOLIDATED INCOME STATEMENT&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.8%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:top;width:36.79%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:32.4%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.8%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;color:#ffffff;font-weight:bold;vertical-align:top;width:36.79%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:32.4%;&quot;&gt;&amp;#160;3Q 2018&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-left:#808080 2px solid;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:30.8%;&quot;&gt;&amp;#160;9 months 2018&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:32.4%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Jul. 1 - Sept. 30 2018&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-left:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:30.8%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Jan. 1 - Sept. 30 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.04%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;without&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:10.05%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;without&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;due to IFRS&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;adoption of&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.05%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;due to IFRS&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;adoption of IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#c0c0c0;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Shipping revenues&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;90,177&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(2,407)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;87,770&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.05%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;237,322&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,981)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;235,341&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#c0c0c0;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Voyage expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(41,983)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,140&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(40,843)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.05%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(108,502)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;673&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(107,829)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#c0c0c0;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:top;width:36.79%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Net income/(loss) after tax&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(21,475)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.04%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,267)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:top;width:12.32%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(22,742)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.05%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(58,910)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.37%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,308)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:top;width:10.38%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(60,218)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:CondensedIncomeStatementTableTextBlock>
  <dht:CondensedCashFlowStatementTableTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td colspan=&quot;4&quot; style=&quot;border-left-style:none;border-top-style:none;font-weight:bold;vertical-align:bottom;width:37.06%;&quot;&gt;CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.49%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-left-style:none;border-top-style:none;vertical-align:bottom;width:37.06%;&quot;&gt;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:32.38%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.49%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:32.38%;&quot;&gt;&amp;#160;3Q 2018&lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:30.49%;&quot;&gt;&amp;#160;9 months 2018&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:32.38%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Jul. 1 - Sept. 30 2018&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;3&quot; style=&quot;background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:30.49%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Jan. 1 - Sept. 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:11.45%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance without&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Adjustments&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Balance without&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Adjustments&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;due to IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;adoption of&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;&amp;#160;IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;As reported&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;due to IFRS&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;15&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;adoption of&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;IFRS 15&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Net income / (loss)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(21,475)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,267)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(22,742)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(58,910)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,308)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(60,218)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts receivable and accrued revenues&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(11,622)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;2,407&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(9,215)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(6,223)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,981&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(4,242)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Capitalized voyage expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;1,157&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,157)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(0)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;474&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(474)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;0&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Accounts payable and accrued expenses&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,407)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;17&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(1,391)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;8,052&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(199)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;7,853&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;&quot;&gt;Net cash provided by/(used in) operating activities&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:9.23%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(4,367)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:11.45%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;(4,367)&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.14%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;25,666&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.64%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;25,666&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:CondensedCashFlowStatementTableTextBlock>
  <dht:ScheduledDebtRepaymentsTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;Scheduled debt repayments (USD thousands) and margin above Libor&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&lt;br style=&quot;line-height:11.4pt;&quot; /&gt; &lt;/div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr style=&quot;height:22px;&quot;&gt; &lt;td style=&quot;background-color:#244062;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;Margin&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Q4&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:15px;&quot;&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;above Libor&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;2019&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;2020&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;2021&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Thereafter&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;&quot;&gt;Total&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:14px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;ABN Amro Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.40%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;7,702&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;30,808&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;30,808&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;30,808&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;325,815&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;425,941&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Credit Agricole Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.19%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;1,649&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;6,597&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;6,597&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;6,597&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;42,925&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;&quot;&gt;64,367&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Danish Ship Finance Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.25%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;1,300&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2,600&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;39,000&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;42,900&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:20px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Nordea/DNB Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.75%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;434&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;8,251&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;8,685&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:19px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Nordea BW VLCC Acquisition Credit Facility&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.40%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;5,400&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;21,600&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;21,600&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;21,600&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;188,683&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;258,883&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;ABN Amro Revolving Credit Facility *&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;2.50%&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Convertible Senior Notes&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;32,860&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;125,000&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;157,860&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;Total&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;16,486&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;102,716&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;98,005&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;184,005&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;557,423&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;958,635&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Unamortized upfront fees bank loans&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;(8,366)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;Difference amortized cost/notional amount convertible note&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:9.1pt;&quot;&gt;(15,194)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;Total interest bearing debt&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;&quot;&gt;935,075&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:ScheduledDebtRepaymentsTextBlock>
  <dht:VesselCostsTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;&lt;u&gt;Vessel costs&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;line-height:11.4pt;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;table cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Cost of Vessels&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;1,810,158&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Additions&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;1,714&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Transferred from vessels under construction&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;252,323&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Retirement **&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;(1,244)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;&quot;&gt;2,062,951&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:80.91%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Depreciation, impairment and amortization*&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;366,012&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Depreciation and amortization&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;75,053&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Impairment charges&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;3,500&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Retirement **&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;(1,244)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;&quot;&gt;443,321&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:80.91%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Carrying Amount&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:14px;&quot;&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:16px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:right;&quot;&gt;1,444,146&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;&quot;&gt;1,619,630&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:top;width:80.91%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom-style:none;border-top:0px;vertical-align:top;width:80.91%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;*Accumulated numbers&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:0px;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom-style:none;border-top:0px;vertical-align:top;width:80.91%;&quot;&gt;**Relates to completed depreciation of drydocking for DHT Sophie.&lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:0px;vertical-align:top;width:19.09%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:VesselCostsTextBlock>
  <dht:CostOfVesselsUnderConstructionTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;Cost of vessels under construction&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;&quot;&gt;114,759&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Additions&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;&quot;&gt;164,364&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Transferred to vessels&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;&quot;&gt;(252,323)&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:right;&quot;&gt;26,799&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;Carrying Amount&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;At January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;&quot;&gt;114,759&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:71.34%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;At September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:28.66%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:right;&quot;&gt;26,799&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:CostOfVesselsUnderConstructionTextBlock>
  <dht:VesselsUnderConstructionFuturePaymentsTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;Vessels under construction&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;&quot;&gt;$ in thousands&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;&quot;&gt;September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;&quot;&gt;January 1, 2018&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Not later than one year&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;57,647&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;218,565&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Later than one year and not later than three years&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;&quot;&gt;Later than three years and not later than five years&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;&quot;&gt;-&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:56.33%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;&quot;&gt;Total&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;&quot;&gt;57,647&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:21.84%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;&quot;&gt;218,565&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:VesselsUnderConstructionFuturePaymentsTextBlock>
  <dht:StockholdersEquityTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;&quot;&gt;&lt;u&gt;Stockholders equity&lt;/u&gt;&lt;/div&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;2&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244061;border-bottom:#000000 2px solid;font-weight:bold;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:18.34%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:right;&quot;&gt;Common stock&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:23.72%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:right;&quot;&gt;Preferred stock&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Issued at September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;143,592,543&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;0&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Shares to be issued assuming conversion of&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;convertible notes due 2019*&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;6,562,001&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Shares to be issued assuming conversion of&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;convertible notes due 2021*&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;19,968,375&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Numbers of shares authorized for issue&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;at September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;250,000,000&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:4.2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:middle;width:23.72%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;1,000,000&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom:#000000 2px solid;vertical-align:bottom;width:53.75%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;&quot;&gt;Par value&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#000000 2px solid;vertical-align:middle;width:18.34%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;$ 0.01&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#000000 2px solid;vertical-align:middle;width:4.2%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#000000 2px solid;vertical-align:middle;width:23.72%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;&quot;&gt;$ 0.01&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td colspan=&quot;4&quot; style=&quot;vertical-align:bottom;width:53.75%;&quot;&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &amp;#160;&amp;#160;*assuming the maximum Fundamental Change conversion rate.&amp;#160;&amp;#160;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:StockholdersEquityTextBlock>
  <dht:DividendPaymentTextBlock contextRef="Context1">&lt;!--DOCTYPE html PUBLIC &quot;-//W3C//DTD XHTML 1.0 Transitional//EN&quot; &quot;http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd&quot; --&gt;&lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Dividend payment as of September 30, 2018:&lt;/div&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;&amp;#160;&lt;/div&gt; &lt;table border=&quot;0&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot; style=&quot;border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;&quot;&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Payment date&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;2&quot; style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;Total Payment&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;2&quot; style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;Per common share&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;August 31, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.9 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;May 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.9 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;February 28, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.9 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Total payment as per September 30, 2018&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;8.6 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;0.06&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;Dividend payment as of December 31, 2017:&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:26%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;vertical-align:bottom;width:23.5%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt;&amp;#160;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Payment date&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;2&quot; style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;Total Payment&lt;/div&gt; &lt;/td&gt; &lt;td colspan=&quot;2&quot; style=&quot;background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;&quot;&gt; &lt;div style=&quot;color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;Per common share&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr style=&quot;height:17px;&quot;&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom-style:none;border-top:#808080 2px solid;padding-bottom:2px;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;December 6, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.8 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom-style:none;border-top-style:none;padding-bottom:2px;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;August 31, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;2.8 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.02&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;May 31, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;10.1 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.08&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;February 22, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;7.6 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;text-align:center;&quot;&gt;0.08&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style=&quot;background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:46%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;Total payment as per December 31, 2017&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:26%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;23.3 million&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;&quot;&gt;$&lt;/div&gt; &lt;/td&gt; &lt;td style=&quot;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;&quot;&gt; &lt;div style=&quot;color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;&quot;&gt;0.20&lt;/div&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt;</dht:DividendPaymentTextBlock>
  <ifrs-full:CurrentTradeReceivables contextRef="Context203" unitRef="Unit2" decimals="-3">5456000</ifrs-full:CurrentTradeReceivables>
  <ifrs-full:CurrentTradeReceivables contextRef="Context204" unitRef="Unit2" decimals="-3">-7437000</ifrs-full:CurrentTradeReceivables>
<!-- ELement Id dht_CapitalizedVoyageExpenses -->
  <dht:CapitalizedVoyageExpenses contextRef="Context203" unitRef="Unit2" decimals="-3">-1414000</dht:CapitalizedVoyageExpenses>
  <dht:CapitalizedVoyageExpenses contextRef="Context204" unitRef="Unit2" decimals="-3">1888000</dht:CapitalizedVoyageExpenses>
  <ifrs-full:CurrentTradeReceivables contextRef="Context206" unitRef="Unit2" decimals="-3">34775000</ifrs-full:CurrentTradeReceivables>
  <dht:CapitalizedVoyageExpenses contextRef="Context206" unitRef="Unit2" decimals="-3">1888000</dht:CapitalizedVoyageExpenses>
  <ifrs-full:CurrentTradeReceivables contextRef="Context207" unitRef="Unit2" decimals="-3">46453000</ifrs-full:CurrentTradeReceivables>
  <dht:CapitalizedVoyageExpenses contextRef="Context207" unitRef="Unit2" decimals="-3">0</dht:CapitalizedVoyageExpenses>
  <ifrs-full:TradeAndOtherCurrentPayables contextRef="Context203" unitRef="Unit2" decimals="-3">615000</ifrs-full:TradeAndOtherCurrentPayables>
  <ifrs-full:TradeAndOtherCurrentPayables contextRef="Context204" unitRef="Unit2" decimals="-3">-815000</ifrs-full:TradeAndOtherCurrentPayables>
  <ifrs-full:TradeAndOtherCurrentPayables contextRef="Context206" unitRef="Unit2" decimals="-3">16613000</ifrs-full:TradeAndOtherCurrentPayables>
  <ifrs-full:TradeAndOtherCurrentPayables contextRef="Context207" unitRef="Unit2" decimals="-3">25655000</ifrs-full:TradeAndOtherCurrentPayables>
  <ifrs-full:RetainedEarnings contextRef="Context203" unitRef="Unit2" decimals="-3">3426000</ifrs-full:RetainedEarnings>
  <ifrs-full:RetainedEarnings contextRef="Context204" unitRef="Unit2" decimals="-3">-4734000</ifrs-full:RetainedEarnings>
  <ifrs-full:RetainedEarnings contextRef="Context206" unitRef="Unit2" decimals="-3">-226821000</ifrs-full:RetainedEarnings>
  <ifrs-full:RetainedEarnings contextRef="Context207" unitRef="Unit2" decimals="-3">-290920000</ifrs-full:RetainedEarnings>
  <dht:ProfitForThePeriod contextRef="Context4" unitRef="Unit2" decimals="-3">-21475000</dht:ProfitForThePeriod>
  <dht:ProfitForThePeriod contextRef="Context1" unitRef="Unit2" decimals="-3">-58910000</dht:ProfitForThePeriod>
  <dht:ShippingRevenues contextRef="Context209" unitRef="Unit2" decimals="-3">-2407000</dht:ShippingRevenues>
  <dht:ShippingRevenues contextRef="Context210" unitRef="Unit2" decimals="-3">-1981000</dht:ShippingRevenues>
  <dht:VoyageExpenses contextRef="Context209" unitRef="Unit2" decimals="-3">-1140000</dht:VoyageExpenses>
  <dht:VoyageExpenses contextRef="Context210" unitRef="Unit2" decimals="-3">-673000</dht:VoyageExpenses>
<!-- ELement Id dht_ProfitForThePeriod -->
  <dht:ProfitForThePeriod contextRef="Context209" unitRef="Unit2" decimals="-3">-1267000</dht:ProfitForThePeriod>
  <dht:ProfitForThePeriod contextRef="Context210" unitRef="Unit2" decimals="-3">-1308000</dht:ProfitForThePeriod>
  <dht:ShippingRevenues contextRef="Context211" unitRef="Unit2" decimals="-3">87770000</dht:ShippingRevenues>
  <dht:ShippingRevenues contextRef="Context212" unitRef="Unit2" decimals="-3">235341000</dht:ShippingRevenues>
  <dht:VoyageExpenses contextRef="Context211" unitRef="Unit2" decimals="-3">40843000</dht:VoyageExpenses>
  <dht:VoyageExpenses contextRef="Context212" unitRef="Unit2" decimals="-3">107829000</dht:VoyageExpenses>
  <dht:ProfitForThePeriod contextRef="Context211" unitRef="Unit2" decimals="-3">-22742000</dht:ProfitForThePeriod>
  <dht:ProfitForThePeriod contextRef="Context212" unitRef="Unit2" decimals="-3">-60218000</dht:ProfitForThePeriod>
  <ifrs-full:ProfitLoss contextRef="Context209" unitRef="Unit2" decimals="-3">1267000</ifrs-full:ProfitLoss>
  <ifrs-full:ProfitLoss contextRef="Context210" unitRef="Unit2" decimals="-3">1308000</ifrs-full:ProfitLoss>
  <dht:AccountsReceivableAndAccruedRevenues contextRef="Context209" unitRef="Unit2" decimals="-3">2407000</dht:AccountsReceivableAndAccruedRevenues>
  <dht:AccountsReceivableAndAccruedRevenues contextRef="Context210" unitRef="Unit2" decimals="-3">1981000</dht:AccountsReceivableAndAccruedRevenues>
  <dht:CapitalizedVoyageExpensesCashFlow contextRef="Context209" unitRef="Unit2" decimals="-3">-1157000</dht:CapitalizedVoyageExpensesCashFlow>
  <dht:CapitalizedVoyageExpensesCashFlow contextRef="Context210" unitRef="Unit2" decimals="-3">-474000</dht:CapitalizedVoyageExpensesCashFlow>
  <dht:AccountsPayableAndAccruedExpenses contextRef="Context209" unitRef="Unit2" decimals="-3">17000</dht:AccountsPayableAndAccruedExpenses>
  <dht:AccountsPayableAndAccruedExpenses contextRef="Context210" unitRef="Unit2" decimals="-3">-199000</dht:AccountsPayableAndAccruedExpenses>
  <ifrs-full:ProfitLoss contextRef="Context211" unitRef="Unit2" decimals="-3">22742000</ifrs-full:ProfitLoss>
  <ifrs-full:ProfitLoss contextRef="Context212" unitRef="Unit2" decimals="-3">60218000</ifrs-full:ProfitLoss>
  <dht:AccountsReceivableAndAccruedRevenues contextRef="Context211" unitRef="Unit2" decimals="-3">-9215000</dht:AccountsReceivableAndAccruedRevenues>
  <dht:AccountsReceivableAndAccruedRevenues contextRef="Context212" unitRef="Unit2" decimals="-3">-4242000</dht:AccountsReceivableAndAccruedRevenues>
<!-- ELement Id dht_CapitalizedVoyageExpensesCashFlow -->
  <dht:CapitalizedVoyageExpensesCashFlow contextRef="Context211" unitRef="Unit2" decimals="-3">0</dht:CapitalizedVoyageExpensesCashFlow>
  <dht:CapitalizedVoyageExpensesCashFlow contextRef="Context212" unitRef="Unit2" decimals="-3">0</dht:CapitalizedVoyageExpensesCashFlow>
  <dht:AccountsPayableAndAccruedExpenses contextRef="Context211" unitRef="Unit2" decimals="-3">-1391000</dht:AccountsPayableAndAccruedExpenses>
  <dht:AccountsPayableAndAccruedExpenses contextRef="Context212" unitRef="Unit2" decimals="-3">7853000</dht:AccountsPayableAndAccruedExpenses>
  <dht:NetCashProvidedByOperatingActivities contextRef="Context211" unitRef="Unit2" decimals="-3">-4367000</dht:NetCashProvidedByOperatingActivities>
  <dht:NetCashProvidedByOperatingActivities contextRef="Context212" unitRef="Unit2" decimals="-3">25666000</dht:NetCashProvidedByOperatingActivities>
  <dht:LineOfCreditFacilityInterestRate contextRef="Context213" unitRef="Unit3" decimals="4">0.0240</dht:LineOfCreditFacilityInterestRate>
  <dht:DebtInstrumentRepaymentInThreeMonths contextRef="Context213" unitRef="Unit2" decimals="-3">7702000</dht:DebtInstrumentRepaymentInThreeMonths>
  <dht:DebtInstrumentRepaymentInNextYear contextRef="Context213" unitRef="Unit2" decimals="-3">30808000</dht:DebtInstrumentRepaymentInNextYear>
  <dht:DebtInstrumentRepaymentInYearTwo contextRef="Context213" unitRef="Unit2" decimals="-3">30808000</dht:DebtInstrumentRepaymentInYearTwo>
  <dht:DebtInstrumentRepaymentInYearThree contextRef="Context213" unitRef="Unit2" decimals="-3">30808000</dht:DebtInstrumentRepaymentInYearThree>
  <dht:DebtInstrumentRepaymentAfterYearThree contextRef="Context213" unitRef="Unit2" decimals="-3">325815000</dht:DebtInstrumentRepaymentAfterYearThree>
  <dht:DebtInstrumentRepayment contextRef="Context213" unitRef="Unit2" decimals="-3">425941000</dht:DebtInstrumentRepayment>
<!-- ELement Id dht_LineOfCreditFacilityInterestRate -->
  <dht:LineOfCreditFacilityInterestRate contextRef="Context214" unitRef="Unit3" decimals="4">0.0219</dht:LineOfCreditFacilityInterestRate>
  <dht:DebtInstrumentRepaymentInThreeMonths contextRef="Context214" unitRef="Unit2" decimals="-3">1649000</dht:DebtInstrumentRepaymentInThreeMonths>
  <dht:DebtInstrumentRepaymentInNextYear contextRef="Context214" unitRef="Unit2" decimals="-3">6597000</dht:DebtInstrumentRepaymentInNextYear>
  <dht:DebtInstrumentRepaymentInYearTwo contextRef="Context214" unitRef="Unit2" decimals="-3">6597000</dht:DebtInstrumentRepaymentInYearTwo>
  <dht:DebtInstrumentRepaymentInYearThree contextRef="Context214" unitRef="Unit2" decimals="-3">6597000</dht:DebtInstrumentRepaymentInYearThree>
  <dht:DebtInstrumentRepaymentAfterYearThree contextRef="Context214" unitRef="Unit2" decimals="-3">42925000</dht:DebtInstrumentRepaymentAfterYearThree>
  <dht:DebtInstrumentRepayment contextRef="Context214" unitRef="Unit2" decimals="-3">64367000</dht:DebtInstrumentRepayment>
  <dht:LineOfCreditFacilityInterestRate contextRef="Context215" unitRef="Unit3" decimals="4">0.0225</dht:LineOfCreditFacilityInterestRate>
  <dht:DebtInstrumentRepaymentInThreeMonths contextRef="Context215" unitRef="Unit2" decimals="-3">1300000</dht:DebtInstrumentRepaymentInThreeMonths>
  <dht:DebtInstrumentRepaymentInNextYear contextRef="Context215" unitRef="Unit2" decimals="-3">2600000</dht:DebtInstrumentRepaymentInNextYear>
<!-- ELement Id dht_DebtInstrumentRepaymentInYearTwo -->
  <dht:DebtInstrumentRepaymentInYearTwo contextRef="Context215" unitRef="Unit2" decimals="-3">39000000</dht:DebtInstrumentRepaymentInYearTwo>
  <dht:DebtInstrumentRepayment contextRef="Context215" unitRef="Unit2" decimals="-3">42900000</dht:DebtInstrumentRepayment>
  <dht:LineOfCreditFacilityInterestRate contextRef="Context216" unitRef="Unit3" decimals="4">0.0275</dht:LineOfCreditFacilityInterestRate>
  <dht:DebtInstrumentRepaymentInThreeMonths contextRef="Context216" unitRef="Unit2" decimals="-3">434000</dht:DebtInstrumentRepaymentInThreeMonths>
  <dht:DebtInstrumentRepaymentInNextYear contextRef="Context216" unitRef="Unit2" decimals="-3">8251000</dht:DebtInstrumentRepaymentInNextYear>
  <dht:DebtInstrumentRepayment contextRef="Context216" unitRef="Unit2" decimals="-3">8685000</dht:DebtInstrumentRepayment>
  <dht:LineOfCreditFacilityInterestRate contextRef="Context217" unitRef="Unit3" decimals="4">0.0240</dht:LineOfCreditFacilityInterestRate>
  <dht:DebtInstrumentRepaymentInThreeMonths contextRef="Context217" unitRef="Unit2" decimals="-3">5400000</dht:DebtInstrumentRepaymentInThreeMonths>
  <dht:DebtInstrumentRepaymentInNextYear contextRef="Context217" unitRef="Unit2" decimals="-3">21600000</dht:DebtInstrumentRepaymentInNextYear>
  <dht:DebtInstrumentRepaymentInYearTwo contextRef="Context217" unitRef="Unit2" decimals="-3">21600000</dht:DebtInstrumentRepaymentInYearTwo>
<!-- ELement Id dht_DebtInstrumentRepaymentInYearThree -->
  <dht:DebtInstrumentRepaymentInYearThree contextRef="Context217" unitRef="Unit2" decimals="-3">21600000</dht:DebtInstrumentRepaymentInYearThree>
  <dht:DebtInstrumentRepaymentAfterYearThree contextRef="Context217" unitRef="Unit2" decimals="-3">188683000</dht:DebtInstrumentRepaymentAfterYearThree>
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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>5
<FILENAME>dht-20180930_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" ?>
<!-- Generated using SmartXBRL by BCL Technologies -->
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>6
<FILENAME>dht-20180930_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" ?>
<!-- Generated using SmartXBRL by BCL Technologies -->
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>7
<FILENAME>dht-20180930_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en">Document Type</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en">Entity Central Index Key</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en">Entity Filer Category</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en">Entity Registrant Name</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ABNAmroCreditFacilityMember" xlink:label="dht_ABNAmroCreditFacilityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ABNAmroCreditFacilityMember" xlink:to="dht_ABNAmroCreditFacilityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ABNAmroCreditFacilityMember_lbl" xml:lang="en">ABN Amro Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ABNAmroCreditFacilityMember_lbl" xml:lang="en-US">ABN Amro Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ABNAmroCreditFacilityMember_lbl" xml:lang="en">ABN Amro Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ABNAmroCreditFacilityMember_lbl" xml:lang="en-US">ABN Amro Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ABNAmroCreditFacilityMember_lbl" xml:lang="en">ABN Amro Credit Facility.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ABNAmroCreditFacilityMember_lbl" xml:lang="en-US">ABN Amro Credit Facility.</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AbnAmroRevolvingCreditFacilityMember" xlink:label="dht_AbnAmroRevolvingCreditFacilityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AbnAmroRevolvingCreditFacilityMember" xlink:to="dht_AbnAmroRevolvingCreditFacilityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AbnAmroRevolvingCreditFacilityMember_lbl" xml:lang="en">Abn Amro Revolving Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AbnAmroRevolvingCreditFacilityMember_lbl" xml:lang="en-US">Abn Amro Revolving Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AbnAmroRevolvingCreditFacilityMember_lbl" xml:lang="en">ABN Amro Revolving Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AbnAmroRevolvingCreditFacilityMember_lbl" xml:lang="en-US">ABN Amro Revolving Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AbnAmroRevolvingCreditFacilityMember_lbl" xml:lang="en">ABN Amro Revolving Credit Facility.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AbnAmroRevolvingCreditFacilityMember_lbl" xml:lang="en-US">ABN Amro Revolving Credit Facility.</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AccountsPayableAndAccruedExpenses" xlink:label="dht_AccountsPayableAndAccruedExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AccountsPayableAndAccruedExpenses" xlink:to="dht_AccountsPayableAndAccruedExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AccountsPayableAndAccruedExpenses_lbl" xml:lang="en">Accounts Payable And Accrued Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AccountsPayableAndAccruedExpenses_lbl" xml:lang="en-US">Accounts Payable And Accrued Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AccountsPayableAndAccruedExpenses_lbl" xml:lang="en">Accounts payable and accrued expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AccountsPayableAndAccruedExpenses_lbl" xml:lang="en-US">Accounts payable and accrued expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AccountsPayableAndAccruedExpenses_lbl" xml:lang="en">The amount of accounts payable and accrued expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AccountsPayableAndAccruedExpenses_lbl" xml:lang="en-US">The amount of accounts payable and accrued expenses</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AccountsReceivableAndAccruedRevenues" xlink:label="dht_AccountsReceivableAndAccruedRevenues" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AccountsReceivableAndAccruedRevenues" xlink:to="dht_AccountsReceivableAndAccruedRevenues_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AccountsReceivableAndAccruedRevenues_lbl" xml:lang="en">Accounts receivable and accrued revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AccountsReceivableAndAccruedRevenues_lbl" xml:lang="en-US">Accounts receivable and accrued revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AccountsReceivableAndAccruedRevenues_lbl" xml:lang="en">Accounts receivable and accrued revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AccountsReceivableAndAccruedRevenues_lbl" xml:lang="en-US">Accounts receivable and accrued revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AccountsReceivableAndAccruedRevenues_lbl" xml:lang="en">The amount of accounts receivable and accrued revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AccountsReceivableAndAccruedRevenues_lbl" xml:lang="en-US">The amount of accounts receivable and accrued revenues</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts" xlink:to="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">Accumulated Depreciation And Impairment Of Vessels And Time Charter Contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">Accumulated Depreciation And Impairment Of Vessels And Time Charter Contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">The amount of accumulated depreciation and impairment of vessels and time charter contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">The amount of accumulated depreciation and impairment of vessels and time charter contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">As of end of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">As of end of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">As of beginning of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">As of beginning of period</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod" xlink:to="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod_lbl" xml:lang="en">Accumulated Depreciation And Impairment Of Vessels And Time Charter Contracts Charge For The Period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod_lbl" xml:lang="en-US">Accumulated Depreciation And Impairment Of Vessels And Time Charter Contracts Charge For The Period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod_lbl" xml:lang="en">Accumulated depreciation and impairment of vessels and time charter contracts charge for the period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod_lbl" xml:lang="en-US">Accumulated depreciation and impairment of vessels and time charter contracts charge for the period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod_lbl" xml:lang="en">Depreciation and amortization</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod_lbl" xml:lang="en-US">Depreciation and amortization</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AdditionsToVesselsAndTimeCharterContracts" xlink:label="dht_AdditionsToVesselsAndTimeCharterContracts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AdditionsToVesselsAndTimeCharterContracts" xlink:to="dht_AdditionsToVesselsAndTimeCharterContracts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AdditionsToVesselsAndTimeCharterContracts_lbl" xml:lang="en">Additions To Vessels And Time Charter Contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AdditionsToVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">Additions To Vessels And Time Charter Contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AdditionsToVesselsAndTimeCharterContracts_lbl" xml:lang="en">Additions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AdditionsToVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">Additions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AdditionsToVesselsAndTimeCharterContracts_lbl" xml:lang="en">Additions to vessels and time charter contracts.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AdditionsToVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">Additions to vessels and time charter contracts.</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AdditionsToVesselsUnderConstruction" xlink:label="dht_AdditionsToVesselsUnderConstruction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AdditionsToVesselsUnderConstruction" xlink:to="dht_AdditionsToVesselsUnderConstruction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AdditionsToVesselsUnderConstruction_lbl" xml:lang="en">Additions To Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AdditionsToVesselsUnderConstruction_lbl" xml:lang="en-US">Additions To Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AdditionsToVesselsUnderConstruction_lbl" xml:lang="en">Additions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AdditionsToVesselsUnderConstruction_lbl" xml:lang="en-US">Additions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AdditionsToVesselsUnderConstruction_lbl" xml:lang="en">Additions to vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AdditionsToVesselsUnderConstruction_lbl" xml:lang="en-US">Additions to vessels under construction.</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AdjustmentIFRS15Member" xlink:label="dht_AdjustmentIFRS15Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AdjustmentIFRS15Member" xlink:to="dht_AdjustmentIFRS15Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AdjustmentIFRS15Member_lbl" xml:lang="en">Adjustment IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AdjustmentIFRS15Member_lbl" xml:lang="en-US">Adjustment IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AdjustmentIFRS15Member_lbl" xml:lang="en">Adjustment, IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AdjustmentIFRS15Member_lbl" xml:lang="en-US">Adjustment, IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AdjustmentIFRS15Member_lbl" xml:lang="en">Adjustment, IFRS 15.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AdjustmentIFRS15Member_lbl" xml:lang="en-US">Adjustment, IFRS 15.</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AdvancesForVesselsUnderConstruction" xlink:label="dht_AdvancesForVesselsUnderConstruction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AdvancesForVesselsUnderConstruction" xlink:to="dht_AdvancesForVesselsUnderConstruction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en">Advances For Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en-US">Advances For Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en">Advances for vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en-US">Advances for vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en">Carrying amount at January 1, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en-US">Carrying amount at January 1, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en">Carrying amount at September 30, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en-US">Carrying amount at September 30, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en">Advances for vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AdvancesForVesselsUnderConstruction_lbl" xml:lang="en-US">Advances for vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_AmortizationOfDebtIssuanceCosts" xlink:label="dht_AmortizationOfDebtIssuanceCosts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_AmortizationOfDebtIssuanceCosts" xlink:to="dht_AmortizationOfDebtIssuanceCosts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AmortizationOfDebtIssuanceCosts_lbl" xml:lang="en">Amortization Of Debt Issuance Costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_AmortizationOfDebtIssuanceCosts_lbl" xml:lang="en-US">Amortization Of Debt Issuance Costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AmortizationOfDebtIssuanceCosts_lbl" xml:lang="en">Amortization of debt issuance costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_AmortizationOfDebtIssuanceCosts_lbl" xml:lang="en-US">Amortization of debt issuance costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AmortizationOfDebtIssuanceCosts_lbl" xml:lang="en">Amortization of debt issuance costs.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_AmortizationOfDebtIssuanceCosts_lbl" xml:lang="en-US">Amortization of debt issuance costs.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_BalanceWithoutAdoptionOfIFRS15Member" xlink:label="dht_BalanceWithoutAdoptionOfIFRS15Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_BalanceWithoutAdoptionOfIFRS15Member" xlink:to="dht_BalanceWithoutAdoptionOfIFRS15Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_BalanceWithoutAdoptionOfIFRS15Member_lbl" xml:lang="en">Balance Without Adoption Of IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_BalanceWithoutAdoptionOfIFRS15Member_lbl" xml:lang="en-US">Balance Without Adoption Of IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_BalanceWithoutAdoptionOfIFRS15Member_lbl" xml:lang="en">Balance without adoption of IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_BalanceWithoutAdoptionOfIFRS15Member_lbl" xml:lang="en-US">Balance without adoption of IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_BalanceWithoutAdoptionOfIFRS15Member_lbl" xml:lang="en">Balance without adoption of IFRS 15.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_BalanceWithoutAdoptionOfIFRS15Member_lbl" xml:lang="en-US">Balance without adoption of IFRS 15.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_BunkersLubeOilsAndConsumables" xlink:label="dht_BunkersLubeOilsAndConsumables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_BunkersLubeOilsAndConsumables" xlink:to="dht_BunkersLubeOilsAndConsumables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_BunkersLubeOilsAndConsumables_lbl" xml:lang="en">Bunkers Lube Oils And Consumables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_BunkersLubeOilsAndConsumables_lbl" xml:lang="en-US">Bunkers Lube Oils And Consumables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_BunkersLubeOilsAndConsumables_lbl" xml:lang="en">Bunkers, lube oils and consumables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_BunkersLubeOilsAndConsumables_lbl" xml:lang="en-US">Bunkers, lube oils and consumables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_BunkersLubeOilsAndConsumables_lbl" xml:lang="en">The amount of bunkers, lube oils and consumables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_BunkersLubeOilsAndConsumables_lbl" xml:lang="en-US">The amount of bunkers, lube oils and consumables.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CapitalizedVoyageExpenses" xlink:label="dht_CapitalizedVoyageExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CapitalizedVoyageExpenses" xlink:to="dht_CapitalizedVoyageExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CapitalizedVoyageExpenses_lbl" xml:lang="en">Capitalized Voyage Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CapitalizedVoyageExpenses_lbl" xml:lang="en-US">Capitalized Voyage Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CapitalizedVoyageExpenses_lbl" xml:lang="en">Capitalized voyage expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CapitalizedVoyageExpenses_lbl" xml:lang="en-US">Capitalized voyage expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CapitalizedVoyageExpenses_lbl" xml:lang="en">Capitalized voyage expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CapitalizedVoyageExpenses_lbl" xml:lang="en-US">Capitalized voyage expenses</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CapitalizedVoyageExpensesCashFlow" xlink:label="dht_CapitalizedVoyageExpensesCashFlow" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CapitalizedVoyageExpensesCashFlow" xlink:to="dht_CapitalizedVoyageExpensesCashFlow_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CapitalizedVoyageExpensesCashFlow_lbl" xml:lang="en">Capitalized Voyage Expenses Cash Flow</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CapitalizedVoyageExpensesCashFlow_lbl" xml:lang="en-US">Capitalized Voyage Expenses Cash Flow</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CapitalizedVoyageExpensesCashFlow_lbl" xml:lang="en">Capitalized voyage expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CapitalizedVoyageExpensesCashFlow_lbl" xml:lang="en-US">Capitalized voyage expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CapitalizedVoyageExpensesCashFlow_lbl" xml:lang="en">The cash flow associated with capitalized voyage expenses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CapitalizedVoyageExpensesCashFlow_lbl" xml:lang="en-US">The cash flow associated with capitalized voyage expenses.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ChangesInOperatingAssetsAndLiabilities" xlink:label="dht_ChangesInOperatingAssetsAndLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ChangesInOperatingAssetsAndLiabilities" xlink:to="dht_ChangesInOperatingAssetsAndLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ChangesInOperatingAssetsAndLiabilities_lbl" xml:lang="en">Changes In Operating Assets And Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ChangesInOperatingAssetsAndLiabilities_lbl" xml:lang="en-US">Changes In Operating Assets And Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ChangesInOperatingAssetsAndLiabilities_lbl" xml:lang="en">Changes in operating assets and liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ChangesInOperatingAssetsAndLiabilities_lbl" xml:lang="en-US">Changes in operating assets and liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="dht_ChangesInOperatingAssetsAndLiabilities_lbl" xml:lang="en">Changes in operating assets and liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="dht_ChangesInOperatingAssetsAndLiabilities_lbl" xml:lang="en-US">Changes in operating assets and liabilities</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CommonStockMember" xlink:label="dht_CommonStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CommonStockMember" xlink:to="dht_CommonStockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CommonStockMember_lbl" xml:lang="en">Common Stock [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CommonStockMember_lbl" xml:lang="en">Common Stock [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CommonStockMember_lbl" xml:lang="en">Stock that is subordinate to all other stock of the issuer.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CommonStockMember_lbl" xml:lang="en-US">Stock that is subordinate to all other stock of the issuer.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CommonStockSharesIssued" xlink:label="dht_CommonStockSharesIssued" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CommonStockSharesIssued" xlink:to="dht_CommonStockSharesIssued_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CommonStockSharesIssued_lbl" xml:lang="en">Common Stock Shares Issued</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CommonStockSharesIssued_lbl" xml:lang="en-US">Common Stock Shares Issued</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CommonStockSharesIssued_lbl" xml:lang="en">Issued at September 30, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CommonStockSharesIssued_lbl" xml:lang="en-US">Issued at September 30, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CommonStockSharesIssued_lbl" xml:lang="en">Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm&#39;s shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CommonStockSharesIssued_lbl" xml:lang="en-US">Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm&#39;s shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CommonStockSharesMember" xlink:label="dht_CommonStockSharesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CommonStockSharesMember" xlink:to="dht_CommonStockSharesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CommonStockSharesMember_lbl" xml:lang="en">Common Stock Shares [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CommonStockSharesMember_lbl" xml:lang="en-US">Common Stock Shares [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CommonStockSharesMember_lbl" xml:lang="en">Shares</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CommonStockSharesMember_lbl" xml:lang="en-US">Shares</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CommonStockSharesMember_lbl" xml:lang="en">Common Stock Shares</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CommonStockSharesMember_lbl" xml:lang="en-US">Common Stock Shares</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CommonStockValue" xlink:label="dht_CommonStockValue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CommonStockValue" xlink:to="dht_CommonStockValue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CommonStockValue_lbl" xml:lang="en">Common Stock Value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CommonStockValue_lbl" xml:lang="en-US">Common Stock Value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CommonStockValue_lbl" xml:lang="en">Stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CommonStockValue_lbl" xml:lang="en-US">Stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CommonStockValue_lbl" xml:lang="en">Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer).</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CommonStockValue_lbl" xml:lang="en-US">Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer).</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CompensationRelatedToOptionsAndRestrictedStock" xlink:label="dht_CompensationRelatedToOptionsAndRestrictedStock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CompensationRelatedToOptionsAndRestrictedStock" xlink:to="dht_CompensationRelatedToOptionsAndRestrictedStock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CompensationRelatedToOptionsAndRestrictedStock_lbl" xml:lang="en">Compensation Related To Options And Restricted Stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CompensationRelatedToOptionsAndRestrictedStock_lbl" xml:lang="en-US">Compensation Related To Options And Restricted Stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CompensationRelatedToOptionsAndRestrictedStock_lbl" xml:lang="en">Compensation related to options and restricted stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CompensationRelatedToOptionsAndRestrictedStock_lbl" xml:lang="en-US">Compensation related to options and restricted stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CompensationRelatedToOptionsAndRestrictedStock_lbl" xml:lang="en">The compensation related to options and restricted stock.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CompensationRelatedToOptionsAndRestrictedStock_lbl" xml:lang="en-US">The compensation related to options and restricted stock.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ComponentsOfConvertibleEquityAxis" xlink:label="dht_ComponentsOfConvertibleEquityAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ComponentsOfConvertibleEquityAxis" xlink:to="dht_ComponentsOfConvertibleEquityAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ComponentsOfConvertibleEquityAxis_lbl" xml:lang="en">Components Of Convertible Equity [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ComponentsOfConvertibleEquityAxis_lbl" xml:lang="en-US">Components Of Convertible Equity [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ComponentsOfConvertibleEquityAxis_lbl" xml:lang="en">Components of convertible equity [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ComponentsOfConvertibleEquityAxis_lbl" xml:lang="en-US">Components of convertible equity [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ComponentsOfConvertibleEquityAxis_lbl" xml:lang="en">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ComponentsOfConvertibleEquityAxis_lbl" xml:lang="en-US">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ComponentsOfStockholdersEquityAxis" xlink:label="dht_ComponentsOfStockholdersEquityAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ComponentsOfStockholdersEquityAxis" xlink:to="dht_ComponentsOfStockholdersEquityAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ComponentsOfStockholdersEquityAxis_lbl" xml:lang="en">Components Of Stockholders Equity [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ComponentsOfStockholdersEquityAxis_lbl" xml:lang="en-US">Components Of Stockholders Equity [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ComponentsOfStockholdersEquityAxis_lbl" xml:lang="en">Components of stockholders equity [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ComponentsOfStockholdersEquityAxis_lbl" xml:lang="en-US">Components of stockholders equity [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ComponentsOfStockholdersEquityAxis_lbl" xml:lang="en">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ComponentsOfStockholdersEquityAxis_lbl" xml:lang="en-US">The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CondensedBalanceSheetTableTextBlock" xlink:label="dht_CondensedBalanceSheetTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CondensedBalanceSheetTableTextBlock" xlink:to="dht_CondensedBalanceSheetTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CondensedBalanceSheetTableTextBlock_lbl" xml:lang="en">Condensed Balance Sheet Table Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CondensedBalanceSheetTableTextBlock_lbl" xml:lang="en-US">Condensed Balance Sheet Table Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_CondensedBalanceSheetTableTextBlock_lbl" xml:lang="en">CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_CondensedBalanceSheetTableTextBlock_lbl" xml:lang="en-US">CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CondensedBalanceSheetTableTextBlock_lbl" xml:lang="en">Tabular disclosure of condensed balance sheet of parent company.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CondensedBalanceSheetTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of condensed balance sheet of parent company.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CondensedCashFlowStatementTableTextBlock" xlink:label="dht_CondensedCashFlowStatementTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CondensedCashFlowStatementTableTextBlock" xlink:to="dht_CondensedCashFlowStatementTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CondensedCashFlowStatementTableTextBlock_lbl" xml:lang="en">Condensed Cash Flow Statement Table Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CondensedCashFlowStatementTableTextBlock_lbl" xml:lang="en-US">Condensed Cash Flow Statement Table Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_CondensedCashFlowStatementTableTextBlock_lbl" xml:lang="en">CONDENSED CONSOLIDATED INCOME STATEMENT OF CASH FLOW</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_CondensedCashFlowStatementTableTextBlock_lbl" xml:lang="en-US">CONDENSED CONSOLIDATED INCOME STATEMENT OF CASH FLOW</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CondensedCashFlowStatementTableTextBlock_lbl" xml:lang="en">Tabular disclosure of condensed cash flow statement of parent company.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CondensedCashFlowStatementTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of condensed cash flow statement of parent company.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CondensedIncomeStatementAbstract" xlink:label="dht_CondensedIncomeStatementAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CondensedIncomeStatementAbstract" xlink:to="dht_CondensedIncomeStatementAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CondensedIncomeStatementAbstract_lbl" xml:lang="en">Condensed Income Statement [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CondensedIncomeStatementAbstract_lbl" xml:lang="en-US">Condensed Income Statement [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CondensedIncomeStatementAbstract_lbl" xml:lang="en">Condensed income statement</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CondensedIncomeStatementAbstract_lbl" xml:lang="en-US">Condensed income statement</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CondensedIncomeStatementAbstract_lbl" xml:lang="en">The condensed income statement.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CondensedIncomeStatementAbstract_lbl" xml:lang="en-US">The condensed income statement.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CondensedIncomeStatementTableTextBlock" xlink:label="dht_CondensedIncomeStatementTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CondensedIncomeStatementTableTextBlock" xlink:to="dht_CondensedIncomeStatementTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CondensedIncomeStatementTableTextBlock_lbl" xml:lang="en">Condensed Income Statement Table Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CondensedIncomeStatementTableTextBlock_lbl" xml:lang="en-US">Condensed Income Statement Table Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_CondensedIncomeStatementTableTextBlock_lbl" xml:lang="en">CONDENSED CONSOLIDATED INCOME STATEMENT</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_CondensedIncomeStatementTableTextBlock_lbl" xml:lang="en-US">CONDENSED CONSOLIDATED INCOME STATEMENT</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CondensedIncomeStatementTableTextBlock_lbl" xml:lang="en">Tabular disclosure of condensed income statement of parent company.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CondensedIncomeStatementTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of condensed income statement of parent company.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ConvertibleCommonStockDomain" xlink:label="dht_ConvertibleCommonStockDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ConvertibleCommonStockDomain" xlink:to="dht_ConvertibleCommonStockDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ConvertibleCommonStockDomain_lbl" xml:lang="en">Convertible Common Stock [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ConvertibleCommonStockDomain_lbl" xml:lang="en-US">Convertible Common Stock [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ConvertibleCommonStockDomain_lbl" xml:lang="en">Convertible Common Stock [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ConvertibleCommonStockDomain_lbl" xml:lang="en-US">Convertible Common Stock [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ConvertibleCommonStockDomain_lbl" xml:lang="en">Common stock securities that may be converted to another form of security.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ConvertibleCommonStockDomain_lbl" xml:lang="en-US">Common stock securities that may be converted to another form of security.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ConvertibleNotesDue2019Member" xlink:label="dht_ConvertibleNotesDue2019Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ConvertibleNotesDue2019Member" xlink:to="dht_ConvertibleNotesDue2019Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ConvertibleNotesDue2019Member_lbl" xml:lang="en">Convertible Notes Due 2019 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ConvertibleNotesDue2019Member_lbl" xml:lang="en-US">Convertible Notes Due 2019 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ConvertibleNotesDue2019Member_lbl" xml:lang="en">Convertible Notes due 2019 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ConvertibleNotesDue2019Member_lbl" xml:lang="en-US">Convertible Notes due 2019 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ConvertibleNotesDue2019Member_lbl" xml:lang="en">Convertible notes due 2019.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ConvertibleNotesDue2019Member_lbl" xml:lang="en-US">Convertible notes due 2019.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ConvertibleNotesDue2021Member" xlink:label="dht_ConvertibleNotesDue2021Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ConvertibleNotesDue2021Member" xlink:to="dht_ConvertibleNotesDue2021Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ConvertibleNotesDue2021Member_lbl" xml:lang="en">Convertible Notes Due 2021 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ConvertibleNotesDue2021Member_lbl" xml:lang="en-US">Convertible Notes Due 2021 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ConvertibleNotesDue2021Member_lbl" xml:lang="en">Convertible Notes due 2021 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ConvertibleNotesDue2021Member_lbl" xml:lang="en-US">Convertible Notes due 2021 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ConvertibleNotesDue2021Member_lbl" xml:lang="en">Convertible Notes due 2021</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ConvertibleNotesDue2021Member_lbl" xml:lang="en-US">Convertible Notes due 2021</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ConvertibleSeniorNotesMember" xlink:label="dht_ConvertibleSeniorNotesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ConvertibleSeniorNotesMember" xlink:to="dht_ConvertibleSeniorNotesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ConvertibleSeniorNotesMember_lbl" xml:lang="en">Convertible Senior Notes [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ConvertibleSeniorNotesMember_lbl" xml:lang="en-US">Convertible Senior Notes [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ConvertibleSeniorNotesMember_lbl" xml:lang="en">Convertible Senior Notes [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ConvertibleSeniorNotesMember_lbl" xml:lang="en-US">Convertible Senior Notes [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ConvertibleSeniorNotesMember_lbl" xml:lang="en">Convertible Senior Notes.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ConvertibleSeniorNotesMember_lbl" xml:lang="en-US">Convertible Senior Notes.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CostOfVesselsUnderConstructionAbstract" xlink:label="dht_CostOfVesselsUnderConstructionAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CostOfVesselsUnderConstructionAbstract" xlink:to="dht_CostOfVesselsUnderConstructionAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CostOfVesselsUnderConstructionAbstract_lbl" xml:lang="en">Cost Of Vessels Under Construction [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CostOfVesselsUnderConstructionAbstract_lbl" xml:lang="en-US">Cost Of Vessels Under Construction [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CostOfVesselsUnderConstructionAbstract_lbl" xml:lang="en">Cost of vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CostOfVesselsUnderConstructionAbstract_lbl" xml:lang="en-US">Cost of vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CostOfVesselsUnderConstructionAbstract_lbl" xml:lang="en">The cost of vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CostOfVesselsUnderConstructionAbstract_lbl" xml:lang="en-US">The cost of vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CostOfVesselsUnderConstructionTextBlock" xlink:label="dht_CostOfVesselsUnderConstructionTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CostOfVesselsUnderConstructionTextBlock" xlink:to="dht_CostOfVesselsUnderConstructionTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CostOfVesselsUnderConstructionTextBlock_lbl" xml:lang="en">Cost Of Vessels Under Construction Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CostOfVesselsUnderConstructionTextBlock_lbl" xml:lang="en-US">Cost Of Vessels Under Construction Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_CostOfVesselsUnderConstructionTextBlock_lbl" xml:lang="en">Cost of vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_CostOfVesselsUnderConstructionTextBlock_lbl" xml:lang="en-US">Cost of vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CostOfVesselsUnderConstructionTextBlock_lbl" xml:lang="en">The tabular disclosure of the cost of vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CostOfVesselsUnderConstructionTextBlock_lbl" xml:lang="en-US">The tabular disclosure of the cost of vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CreditAgricoleCreditFacilityMember" xlink:label="dht_CreditAgricoleCreditFacilityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CreditAgricoleCreditFacilityMember" xlink:to="dht_CreditAgricoleCreditFacilityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CreditAgricoleCreditFacilityMember_lbl" xml:lang="en">Credit Agricole Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CreditAgricoleCreditFacilityMember_lbl" xml:lang="en-US">Credit Agricole Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CreditAgricoleCreditFacilityMember_lbl" xml:lang="en">Credit Agricole Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CreditAgricoleCreditFacilityMember_lbl" xml:lang="en-US">Credit Agricole Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CreditAgricoleCreditFacilityMember_lbl" xml:lang="en">Credit Agricole Credit Facility.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CreditAgricoleCreditFacilityMember_lbl" xml:lang="en-US">Credit Agricole Credit Facility.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CreditFacilityAxis" xlink:label="dht_CreditFacilityAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CreditFacilityAxis" xlink:to="dht_CreditFacilityAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CreditFacilityAxis_lbl" xml:lang="en">Credit Facility [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CreditFacilityAxis_lbl" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CreditFacilityAxis_lbl" xml:lang="en">Credit Facility [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CreditFacilityAxis_lbl" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CreditFacilityAxis_lbl" xml:lang="en">Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CreditFacilityAxis_lbl" xml:lang="en-US">Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CreditFacilityDomain" xlink:label="dht_CreditFacilityDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CreditFacilityDomain" xlink:to="dht_CreditFacilityDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CreditFacilityDomain_lbl" xml:lang="en">Credit Facility [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CreditFacilityDomain_lbl" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CreditFacilityDomain_lbl" xml:lang="en">Credit Facility [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CreditFacilityDomain_lbl" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CreditFacilityDomain_lbl" xml:lang="en">Type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CreditFacilityDomain_lbl" xml:lang="en-US">Type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CurrentBunkersLubeOilsAndConsumables" xlink:label="dht_CurrentBunkersLubeOilsAndConsumables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CurrentBunkersLubeOilsAndConsumables" xlink:to="dht_CurrentBunkersLubeOilsAndConsumables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CurrentBunkersLubeOilsAndConsumables_lbl" xml:lang="en">Current Bunkers Lube Oils And Consumables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CurrentBunkersLubeOilsAndConsumables_lbl" xml:lang="en-US">Current Bunkers Lube Oils And Consumables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CurrentBunkersLubeOilsAndConsumables_lbl" xml:lang="en">Bunkers, lube oils and consumables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CurrentBunkersLubeOilsAndConsumables_lbl" xml:lang="en-US">Bunkers, lube oils and consumables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CurrentBunkersLubeOilsAndConsumables_lbl" xml:lang="en">The amount of bunkers, lube oils and consumables classified as current.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CurrentBunkersLubeOilsAndConsumables_lbl" xml:lang="en-US">The amount of bunkers, lube oils and consumables classified as current.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_CurrentRestatedMember" xlink:label="dht_CurrentRestatedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_CurrentRestatedMember" xlink:to="dht_CurrentRestatedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CurrentRestatedMember_lbl" xml:lang="en">Current Restated [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_CurrentRestatedMember_lbl" xml:lang="en-US">Current Restated [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CurrentRestatedMember_lbl" xml:lang="en">Restated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_CurrentRestatedMember_lbl" xml:lang="en-US">Restated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CurrentRestatedMember_lbl" xml:lang="en">Restated financial information.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_CurrentRestatedMember_lbl" xml:lang="en-US">Restated financial information.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DanishShipFinanceCreditFacilityMember" xlink:label="dht_DanishShipFinanceCreditFacilityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DanishShipFinanceCreditFacilityMember" xlink:to="dht_DanishShipFinanceCreditFacilityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DanishShipFinanceCreditFacilityMember_lbl" xml:lang="en">Danish Ship Finance Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DanishShipFinanceCreditFacilityMember_lbl" xml:lang="en-US">Danish Ship Finance Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DanishShipFinanceCreditFacilityMember_lbl" xml:lang="en">Danish Ship Finance Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DanishShipFinanceCreditFacilityMember_lbl" xml:lang="en-US">Danish Ship Finance Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DanishShipFinanceCreditFacilityMember_lbl" xml:lang="en">Danish Ship Finance Credit Facility.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DanishShipFinanceCreditFacilityMember_lbl" xml:lang="en-US">Danish Ship Finance Credit Facility.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DebtInstrumentRepayment" xlink:label="dht_DebtInstrumentRepayment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DebtInstrumentRepayment" xlink:to="dht_DebtInstrumentRepayment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepayment_lbl" xml:lang="en">Debt Instrument Repayment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepayment_lbl" xml:lang="en-US">Debt Instrument Repayment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepayment_lbl" xml:lang="en">Total</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepayment_lbl" xml:lang="en-US">Total</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="dht_DebtInstrumentRepayment_lbl" xml:lang="en">Total</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="dht_DebtInstrumentRepayment_lbl" xml:lang="en-US">Total</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepayment_lbl" xml:lang="en">The scheduled debt repayment amount.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepayment_lbl" xml:lang="en-US">The scheduled debt repayment amount.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DebtInstrumentRepaymentAfterYearThree" xlink:label="dht_DebtInstrumentRepaymentAfterYearThree" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DebtInstrumentRepaymentAfterYearThree" xlink:to="dht_DebtInstrumentRepaymentAfterYearThree_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentAfterYearThree_lbl" xml:lang="en">Debt Instrument Repayment After Year Three</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentAfterYearThree_lbl" xml:lang="en-US">Debt Instrument Repayment After Year Three</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentAfterYearThree_lbl" xml:lang="en">Thereafter</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentAfterYearThree_lbl" xml:lang="en-US">Thereafter</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentAfterYearThree_lbl" xml:lang="en">The scheduled debt repayment amount in the after the third fiscal year following the latest fiscal year.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentAfterYearThree_lbl" xml:lang="en-US">The scheduled debt repayment amount in the after the third fiscal year following the latest fiscal year.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DebtInstrumentRepaymentInNextYear" xlink:label="dht_DebtInstrumentRepaymentInNextYear" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DebtInstrumentRepaymentInNextYear" xlink:to="dht_DebtInstrumentRepaymentInNextYear_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentInNextYear_lbl" xml:lang="en">Debt Instrument Repayment In Next Year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentInNextYear_lbl" xml:lang="en-US">Debt Instrument Repayment In Next Year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentInNextYear_lbl" xml:lang="en">2019</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentInNextYear_lbl" xml:lang="en-US">2019</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentInNextYear_lbl" xml:lang="en">The scheduled debt repayment amount in the next fiscal year following the latest fiscal year.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentInNextYear_lbl" xml:lang="en-US">The scheduled debt repayment amount in the next fiscal year following the latest fiscal year.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DebtInstrumentRepaymentInThreeMonths" xlink:label="dht_DebtInstrumentRepaymentInThreeMonths" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DebtInstrumentRepaymentInThreeMonths" xlink:to="dht_DebtInstrumentRepaymentInThreeMonths_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentInThreeMonths_lbl" xml:lang="en">Debt Instrument Repayment In Three Months</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentInThreeMonths_lbl" xml:lang="en-US">Debt Instrument Repayment In Three Months</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentInThreeMonths_lbl" xml:lang="en">Q4 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentInThreeMonths_lbl" xml:lang="en-US">Q4 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentInThreeMonths_lbl" xml:lang="en">The scheduled debt repayment amount in three months following the latest fiscal quarter.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentInThreeMonths_lbl" xml:lang="en-US">The scheduled debt repayment amount in three months following the latest fiscal quarter.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DebtInstrumentRepaymentInYearThree" xlink:label="dht_DebtInstrumentRepaymentInYearThree" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DebtInstrumentRepaymentInYearThree" xlink:to="dht_DebtInstrumentRepaymentInYearThree_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentInYearThree_lbl" xml:lang="en">Debt Instrument Repayment In Year Three</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentInYearThree_lbl" xml:lang="en-US">Debt Instrument Repayment In Year Three</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentInYearThree_lbl" xml:lang="en">2021</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentInYearThree_lbl" xml:lang="en-US">2021</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentInYearThree_lbl" xml:lang="en">The scheduled debt repayment amount in the third fiscal year following the latest fiscal year.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentInYearThree_lbl" xml:lang="en-US">The scheduled debt repayment amount in the third fiscal year following the latest fiscal year.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DebtInstrumentRepaymentInYearTwo" xlink:label="dht_DebtInstrumentRepaymentInYearTwo" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DebtInstrumentRepaymentInYearTwo" xlink:to="dht_DebtInstrumentRepaymentInYearTwo_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentInYearTwo_lbl" xml:lang="en">Debt Instrument Repayment In Year Two</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DebtInstrumentRepaymentInYearTwo_lbl" xml:lang="en-US">Debt Instrument Repayment In Year Two</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentInYearTwo_lbl" xml:lang="en">2020</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DebtInstrumentRepaymentInYearTwo_lbl" xml:lang="en-US">2020</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentInYearTwo_lbl" xml:lang="en">The scheduled debt repayment amount in the second fiscal year following the latest fiscal year.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DebtInstrumentRepaymentInYearTwo_lbl" xml:lang="en-US">The scheduled debt repayment amount in the second fiscal year following the latest fiscal year.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DeferredShippingRevenues" xlink:label="dht_DeferredShippingRevenues" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DeferredShippingRevenues" xlink:to="dht_DeferredShippingRevenues_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DeferredShippingRevenues_lbl" xml:lang="en">Deferred Shipping Revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DeferredShippingRevenues_lbl" xml:lang="en-US">Deferred Shipping Revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DeferredShippingRevenues_lbl" xml:lang="en">Deferred shipping revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DeferredShippingRevenues_lbl" xml:lang="en-US">Deferred shipping revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DeferredShippingRevenues_lbl" xml:lang="en">The amount of deferred shipping revenues.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DeferredShippingRevenues_lbl" xml:lang="en-US">The amount of deferred shipping revenues.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes" xlink:label="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes" xlink:to="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes_lbl" xml:lang="en">Difference Between Amortized Cost And Notional Amount Of Convertible Notes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes_lbl" xml:lang="en-US">Difference Between Amortized Cost And Notional Amount Of Convertible Notes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes_lbl" xml:lang="en">Difference amortized cost/notional amount convertible note</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes_lbl" xml:lang="en-US">Difference amortized cost/notional amount convertible note</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes_lbl" xml:lang="en">The difference between amortized cost and notional amount of convertible notes.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes_lbl" xml:lang="en-US">The difference between amortized cost and notional amount of convertible notes.</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DisclosureOfEquityandDividendsExplanatoryTextBlock" xlink:label="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock" xlink:to="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock_lbl" xml:lang="en">Disclosure Of Equityand Dividends Explanatory Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Equityand Dividends Explanatory Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock_lbl" xml:lang="en">Stockholders equity and dividend payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock_lbl" xml:lang="en-US">Stockholders equity and dividend payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock_lbl" xml:lang="en">The disclosure of Equity and Dividends</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DisclosureOfEquityandDividendsExplanatoryTextBlock_lbl" xml:lang="en-US">The disclosure of Equity and Dividends</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DisclosureOfVesselsTextBlock" xlink:label="dht_DisclosureOfVesselsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DisclosureOfVesselsTextBlock" xlink:to="dht_DisclosureOfVesselsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DisclosureOfVesselsTextBlock_lbl" xml:lang="en">Disclosure Of Vessels Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DisclosureOfVesselsTextBlock_lbl" xml:lang="en-US">Disclosure Of Vessels Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_DisclosureOfVesselsTextBlock_lbl" xml:lang="en">Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_DisclosureOfVesselsTextBlock_lbl" xml:lang="en-US">Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DisclosureOfVesselsTextBlock_lbl" xml:lang="en">Disclosure of Vessels text block.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DisclosureOfVesselsTextBlock_lbl" xml:lang="en-US">Disclosure of Vessels text block.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DividendPayment" xlink:label="dht_DividendPayment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DividendPayment" xlink:to="dht_DividendPayment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DividendPayment_lbl" xml:lang="en">Dividend Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DividendPayment_lbl" xml:lang="en-US">Dividend Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DividendPayment_lbl" xml:lang="en">Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DividendPayment_lbl" xml:lang="en-US">Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DividendPayment_lbl" xml:lang="en">The amount of dividends recognised as distributions to owners.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DividendPayment_lbl" xml:lang="en-US">The amount of dividends recognised as distributions to owners.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DividendPaymentAbstract" xlink:label="dht_DividendPaymentAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DividendPaymentAbstract" xlink:to="dht_DividendPaymentAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DividendPaymentAbstract_lbl" xml:lang="en">Dividend Payment [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DividendPaymentAbstract_lbl" xml:lang="en-US">Dividend Payment [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DividendPaymentAbstract_lbl" xml:lang="en">Dividend payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_DividendPaymentAbstract_lbl" xml:lang="en-US">Dividend payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DividendPaymentAbstract_lbl" xml:lang="en">Disclosure of dividend payments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DividendPaymentAbstract_lbl" xml:lang="en-US">Disclosure of dividend payments.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_DividendPaymentTextBlock" xlink:label="dht_DividendPaymentTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_DividendPaymentTextBlock" xlink:to="dht_DividendPaymentTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DividendPaymentTextBlock_lbl" xml:lang="en">Dividend Payment Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_DividendPaymentTextBlock_lbl" xml:lang="en-US">Dividend Payment Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_DividendPaymentTextBlock_lbl" xml:lang="en">Dividend payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_DividendPaymentTextBlock_lbl" xml:lang="en-US">Dividend payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DividendPaymentTextBlock_lbl" xml:lang="en">The disclosure of dividend payments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_DividendPaymentTextBlock_lbl" xml:lang="en-US">The disclosure of dividend payments.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_EquityAndConvertibleBondOfferingsAbstract" xlink:label="dht_EquityAndConvertibleBondOfferingsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_EquityAndConvertibleBondOfferingsAbstract" xlink:to="dht_EquityAndConvertibleBondOfferingsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EquityAndConvertibleBondOfferingsAbstract_lbl" xml:lang="en">Equity and Convertible Bond Offerings [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EquityAndConvertibleBondOfferingsAbstract_lbl" xml:lang="en-US">Equity and Convertible Bond Offerings [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EquityAndConvertibleBondOfferingsAbstract_lbl" xml:lang="en">The Equity and Convertible Bond Offerings Abstract.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EquityAndConvertibleBondOfferingsAbstract_lbl" xml:lang="en-US">The Equity and Convertible Bond Offerings Abstract.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_EquityAndConvertibleBondOfferingsTextBlock" xlink:label="dht_EquityAndConvertibleBondOfferingsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_EquityAndConvertibleBondOfferingsTextBlock" xlink:to="dht_EquityAndConvertibleBondOfferingsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EquityAndConvertibleBondOfferingsTextBlock_lbl" xml:lang="en">Equity And Convertible Bond Offerings Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EquityAndConvertibleBondOfferingsTextBlock_lbl" xml:lang="en-US">Equity And Convertible Bond Offerings Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_EquityAndConvertibleBondOfferingsTextBlock_lbl" xml:lang="en">Equity and Convertible Bond Offerings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_EquityAndConvertibleBondOfferingsTextBlock_lbl" xml:lang="en-US">Equity and Convertible Bond Offerings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EquityAndConvertibleBondOfferingsTextBlock_lbl" xml:lang="en">The entire disclosure for Equity and Convertible Bond Offerings.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EquityAndConvertibleBondOfferingsTextBlock_lbl" xml:lang="en-US">The entire disclosure for Equity and Convertible Bond Offerings.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_EquityAndDividendsAbstract" xlink:label="dht_EquityAndDividendsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_EquityAndDividendsAbstract" xlink:to="dht_EquityAndDividendsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EquityAndDividendsAbstract_lbl" xml:lang="en">Stockholders equity and dividend payment [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EquityAndDividendsAbstract_lbl" xml:lang="en-US">Stockholders equity and dividend payment [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EquityAndDividendsAbstract_lbl" xml:lang="en">Equity and Dividends Abstract</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EquityAndDividendsAbstract_lbl" xml:lang="en-US">Equity and Dividends Abstract</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_EquityComponentDomain" xlink:label="dht_EquityComponentDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_EquityComponentDomain" xlink:to="dht_EquityComponentDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EquityComponentDomain_lbl" xml:lang="en">Equity Component [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EquityComponentDomain_lbl" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_EquityComponentDomain_lbl" xml:lang="en">Equity Component [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_EquityComponentDomain_lbl" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EquityComponentDomain_lbl" xml:lang="en">Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EquityComponentDomain_lbl" xml:lang="en-US">Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_EventsAfterTheReportingDateAbstract" xlink:label="dht_EventsAfterTheReportingDateAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_EventsAfterTheReportingDateAbstract" xlink:to="dht_EventsAfterTheReportingDateAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EventsAfterTheReportingDateAbstract_lbl" xml:lang="en">Subsequent events [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_EventsAfterTheReportingDateAbstract_lbl" xml:lang="en-US">Subsequent events [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EventsAfterTheReportingDateAbstract_lbl" xml:lang="en">Events after the reporting period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_EventsAfterTheReportingDateAbstract_lbl" xml:lang="en-US">Events after the reporting period.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_FinancialInstrumentDomain" xlink:label="dht_FinancialInstrumentDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_FinancialInstrumentDomain" xlink:to="dht_FinancialInstrumentDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_FinancialInstrumentDomain_lbl" xml:lang="en">Financial Instrument [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_FinancialInstrumentDomain_lbl" xml:lang="en-US">Financial Instrument [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_FinancialInstrumentDomain_lbl" xml:lang="en">Financial Instrument [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_FinancialInstrumentDomain_lbl" xml:lang="en-US">Financial Instrument [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_FinancialInstrumentDomain_lbl" xml:lang="en">Type of financial instrument.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_FinancialInstrumentDomain_lbl" xml:lang="en-US">Type of financial instrument.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_FutureExpectedPaymentsForVesselsUnderConstruction" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstruction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_FutureExpectedPaymentsForVesselsUnderConstruction" xlink:to="dht_FutureExpectedPaymentsForVesselsUnderConstruction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en">Future Expected Payments For Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en-US">Future Expected Payments For Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en">Future expected payments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en-US">Future expected payments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en">The future expected payments for vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en-US">The future expected payments for vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract" xlink:to="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract_lbl" xml:lang="en">Future Expected Payments For Vessels Under Construction [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract_lbl" xml:lang="en-US">Future Expected Payments For Vessels Under Construction [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract_lbl" xml:lang="en">Future expected payments for vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract_lbl" xml:lang="en-US">Future expected payments for vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract_lbl" xml:lang="en">The disclosure of future expected payments for vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract_lbl" xml:lang="en-US">The disclosure of future expected payments for vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_GainlossPurchaseOfConvertibleBonds" xlink:label="dht_GainlossPurchaseOfConvertibleBonds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_GainlossPurchaseOfConvertibleBonds" xlink:to="dht_GainlossPurchaseOfConvertibleBonds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_GainlossPurchaseOfConvertibleBonds_lbl" xml:lang="en">Gainloss Purchase Of Convertible Bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_GainlossPurchaseOfConvertibleBonds_lbl" xml:lang="en-US">Gainloss Purchase Of Convertible Bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_GainlossPurchaseOfConvertibleBonds_lbl" xml:lang="en">(Gain)/loss purchase of convertible bond</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_GainlossPurchaseOfConvertibleBonds_lbl" xml:lang="en-US">(Gain)/loss purchase of convertible bond</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_GainlossPurchaseOfConvertibleBonds_lbl" xml:lang="en">(Gain)/loss purchase of convertible bonds.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_GainlossPurchaseOfConvertibleBonds_lbl" xml:lang="en-US">(Gain)/loss purchase of convertible bonds.</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_GeneralAccountingPrinciplesTablesAbstract" xlink:label="dht_GeneralAccountingPrinciplesTablesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_GeneralAccountingPrinciplesTablesAbstract" xlink:to="dht_GeneralAccountingPrinciplesTablesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_GeneralAccountingPrinciplesTablesAbstract_lbl" xml:lang="en">General accounting principles (Tables) [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_GeneralAccountingPrinciplesTablesAbstract_lbl" xml:lang="en-US">General accounting principles (Tables) [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_GeneralAccountingPrinciplesTablesAbstract_lbl" xml:lang="en">The disclosure of general accounting principles.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_GeneralAccountingPrinciplesTablesAbstract_lbl" xml:lang="en-US">The disclosure of general accounting principles.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_GeneralInformationAbstract" xlink:label="dht_GeneralInformationAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_GeneralInformationAbstract" xlink:to="dht_GeneralInformationAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_GeneralInformationAbstract_lbl" xml:lang="en">General information [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_GeneralInformationAbstract_lbl" xml:lang="en-US">General information [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_GeneralInformationAbstract_lbl" xml:lang="en">Disclosure of General Company information</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_GeneralInformationAbstract_lbl" xml:lang="en-US">Disclosure of General Company information</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_GeneralInformationTextBlock" xlink:label="dht_GeneralInformationTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_GeneralInformationTextBlock" xlink:to="dht_GeneralInformationTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_GeneralInformationTextBlock_lbl" xml:lang="en">General Information Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_GeneralInformationTextBlock_lbl" xml:lang="en-US">General Information Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_GeneralInformationTextBlock_lbl" xml:lang="en">General information</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_GeneralInformationTextBlock_lbl" xml:lang="en-US">General information</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_GeneralInformationTextBlock_lbl" xml:lang="en">Disclosure of General Company Information</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_GeneralInformationTextBlock_lbl" xml:lang="en-US">Disclosure of General Company Information</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member" xlink:label="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member" xlink:to="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member_lbl" xml:lang="en">Increase Decrease Due To Changes In Accounting Policy IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member_lbl" xml:lang="en-US">Increase Decrease Due To Changes In Accounting Policy IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member_lbl" xml:lang="en">Adjustment, IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member_lbl" xml:lang="en-US">Adjustment, IFRS 15 [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member_lbl" xml:lang="en">Adjustment, IFRS 15</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member_lbl" xml:lang="en-US">Adjustment, IFRS 15</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_InterestBearingDebtTablesAbstract" xlink:label="dht_InterestBearingDebtTablesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_InterestBearingDebtTablesAbstract" xlink:to="dht_InterestBearingDebtTablesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_InterestBearingDebtTablesAbstract_lbl" xml:lang="en">Interest bearing debt (Tables) [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_InterestBearingDebtTablesAbstract_lbl" xml:lang="en-US">Interest bearing debt (Tables) [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_InterestBearingDebtTablesAbstract_lbl" xml:lang="en">The disclosure of interest bearing debt.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_InterestBearingDebtTablesAbstract_lbl" xml:lang="en-US">The disclosure of interest bearing debt.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_InterestPaid" xlink:label="dht_InterestPaid" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_InterestPaid" xlink:to="dht_InterestPaid_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_InterestPaid_lbl" xml:lang="en">Interest Paid</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_InterestPaid_lbl" xml:lang="en-US">Interest Paid</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_InterestPaid_lbl" xml:lang="en">Interest paid</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_InterestPaid_lbl" xml:lang="en-US">Interest paid</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_InterestPaid_lbl" xml:lang="en">Amount of cash paid for interest.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_InterestPaid_lbl" xml:lang="en-US">Amount of cash paid for interest.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_InvestmentInVessels" xlink:label="dht_InvestmentInVessels" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_InvestmentInVessels" xlink:to="dht_InvestmentInVessels_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_InvestmentInVessels_lbl" xml:lang="en">Investment In Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_InvestmentInVessels_lbl" xml:lang="en-US">Investment In Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_InvestmentInVessels_lbl" xml:lang="en">Investment in vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_InvestmentInVessels_lbl" xml:lang="en-US">Investment in vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_InvestmentInVessels_lbl" xml:lang="en">The amount of investment in vessels.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_InvestmentInVessels_lbl" xml:lang="en-US">The amount of investment in vessels.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_InvestmentInVesselsUnderConstuction" xlink:label="dht_InvestmentInVesselsUnderConstuction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_InvestmentInVesselsUnderConstuction" xlink:to="dht_InvestmentInVesselsUnderConstuction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_InvestmentInVesselsUnderConstuction_lbl" xml:lang="en">Investment In Vessels Under Constuction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_InvestmentInVesselsUnderConstuction_lbl" xml:lang="en-US">Investment In Vessels Under Constuction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_InvestmentInVesselsUnderConstuction_lbl" xml:lang="en">Investment in vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_InvestmentInVesselsUnderConstuction_lbl" xml:lang="en-US">Investment in vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_InvestmentInVesselsUnderConstuction_lbl" xml:lang="en">Investment in vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_InvestmentInVesselsUnderConstuction_lbl" xml:lang="en-US">Investment in vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ItemsIncludedInNetIncomeNotAffectingCashFlows" xlink:label="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows" xlink:to="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows_lbl" xml:lang="en">Items Included In Net Income Not Affecting Cash Flows</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows_lbl" xml:lang="en-US">Items Included In Net Income Not Affecting Cash Flows</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows_lbl" xml:lang="en">Items included in net income not affecting cash flows</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows_lbl" xml:lang="en-US">Items included in net income not affecting cash flows</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows_lbl" xml:lang="en">Items included in net income not affecting cash flows.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ItemsIncludedInNetIncomeNotAffectingCashFlows_lbl" xml:lang="en-US">Items included in net income not affecting cash flows.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_LineOfCreditFacilityInterestRate" xlink:label="dht_LineOfCreditFacilityInterestRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_LineOfCreditFacilityInterestRate" xlink:to="dht_LineOfCreditFacilityInterestRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_LineOfCreditFacilityInterestRate_lbl" xml:lang="en">Line Of Credit Facility Interest Rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_LineOfCreditFacilityInterestRate_lbl" xml:lang="en-US">Line Of Credit Facility Interest Rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_LineOfCreditFacilityInterestRate_lbl" xml:lang="en">Interest Rate LIBOR+</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_LineOfCreditFacilityInterestRate_lbl" xml:lang="en-US">Interest Rate LIBOR+</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_LineOfCreditFacilityInterestRate_lbl" xml:lang="en">Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_LineOfCreditFacilityInterestRate_lbl" xml:lang="en-US">Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_LineOfCreditFacilityRevolvingInterestRate" xlink:label="dht_LineOfCreditFacilityRevolvingInterestRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_LineOfCreditFacilityRevolvingInterestRate" xlink:to="dht_LineOfCreditFacilityRevolvingInterestRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_LineOfCreditFacilityRevolvingInterestRate_lbl" xml:lang="en">Line Of Credit Facility Revolving Interest Rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_LineOfCreditFacilityRevolvingInterestRate_lbl" xml:lang="en-US">Line Of Credit Facility Revolving Interest Rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_LineOfCreditFacilityRevolvingInterestRate_lbl" xml:lang="en">Interest Rate LIBOR+</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_LineOfCreditFacilityRevolvingInterestRate_lbl" xml:lang="en-US">Interest Rate LIBOR+</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_LineOfCreditFacilityRevolvingInterestRate_lbl" xml:lang="en">Description of the interest rate for the revolving credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_LineOfCreditFacilityRevolvingInterestRate_lbl" xml:lang="en-US">Description of the interest rate for the revolving credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_NetBookValueOfVesselsAndTimeCharterContracts" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_NetBookValueOfVesselsAndTimeCharterContracts" xlink:to="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">Net Book Value Of Vessels And Time Charter Contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">Net Book Value Of Vessels And Time Charter Contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">Vessels and time charter contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">Vessels and time charter contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">As of beginning of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">As of beginning of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">As of end of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">As of end of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en">Net book value of vessels and time charter contracts.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NetBookValueOfVesselsAndTimeCharterContracts_lbl" xml:lang="en-US">Net book value of vessels and time charter contracts.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_NetCashProvidedByOperatingActivities" xlink:label="dht_NetCashProvidedByOperatingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_NetCashProvidedByOperatingActivities" xlink:to="dht_NetCashProvidedByOperatingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NetCashProvidedByOperatingActivities_lbl" xml:lang="en">Net Cash Provided By Operating Activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NetCashProvidedByOperatingActivities_lbl" xml:lang="en-US">Net Cash Provided By Operating Activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NetCashProvidedByOperatingActivities_lbl" xml:lang="en">Net cash provided by/(used in) operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NetCashProvidedByOperatingActivities_lbl" xml:lang="en-US">Net cash provided by/(used in) operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="dht_NetCashProvidedByOperatingActivities_lbl" xml:lang="en">Net cash provided by/(used in) operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="dht_NetCashProvidedByOperatingActivities_lbl" xml:lang="en-US">Net cash provided by/(used in) operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NetCashProvidedByOperatingActivities_lbl" xml:lang="en">Net cash provided by operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NetCashProvidedByOperatingActivities_lbl" xml:lang="en-US">Net cash provided by operating activities</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_NetIncomelossAfterTax" xlink:label="dht_NetIncomelossAfterTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_NetIncomelossAfterTax" xlink:to="dht_NetIncomelossAfterTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NetIncomelossAfterTax_lbl" xml:lang="en">Net Incomeloss After Tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NetIncomelossAfterTax_lbl" xml:lang="en-US">Net Incomeloss After Tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NetIncomelossAfterTax_lbl" xml:lang="en">Net income/(loss) after tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NetIncomelossAfterTax_lbl" xml:lang="en-US">Net income/(loss) after tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NetIncomelossAfterTax_lbl" xml:lang="en">The total of income less expenses after tax.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NetIncomelossAfterTax_lbl" xml:lang="en-US">The total of income less expenses after tax.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_NordeaBWVLCCAcquisitionCreditFacilityMember" xlink:label="dht_NordeaBWVLCCAcquisitionCreditFacilityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_NordeaBWVLCCAcquisitionCreditFacilityMember" xlink:to="dht_NordeaBWVLCCAcquisitionCreditFacilityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NordeaBWVLCCAcquisitionCreditFacilityMember_lbl" xml:lang="en">Nordea BWVLCC Acquisition Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NordeaBWVLCCAcquisitionCreditFacilityMember_lbl" xml:lang="en-US">Nordea BWVLCC Acquisition Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NordeaBWVLCCAcquisitionCreditFacilityMember_lbl" xml:lang="en">Nordea BWVLCC Acquisition Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NordeaBWVLCCAcquisitionCreditFacilityMember_lbl" xml:lang="en-US">Nordea BWVLCC Acquisition Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NordeaBWVLCCAcquisitionCreditFacilityMember_lbl" xml:lang="en">Nordea BW VLCC Acquisition Credit Facility.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NordeaBWVLCCAcquisitionCreditFacilityMember_lbl" xml:lang="en-US">Nordea BW VLCC Acquisition Credit Facility.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_NordeaDNBCreditFacilityMember" xlink:label="dht_NordeaDNBCreditFacilityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_NordeaDNBCreditFacilityMember" xlink:to="dht_NordeaDNBCreditFacilityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NordeaDNBCreditFacilityMember_lbl" xml:lang="en">Nordea DNB Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_NordeaDNBCreditFacilityMember_lbl" xml:lang="en-US">Nordea DNB Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NordeaDNBCreditFacilityMember_lbl" xml:lang="en">Nordea/DNB Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_NordeaDNBCreditFacilityMember_lbl" xml:lang="en-US">Nordea/DNB Credit Facility [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NordeaDNBCreditFacilityMember_lbl" xml:lang="en">Nordea/DNB Credit Facility.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_NordeaDNBCreditFacilityMember_lbl" xml:lang="en-US">Nordea/DNB Credit Facility.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_OperatingExpensesAbstract" xlink:label="dht_OperatingExpensesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_OperatingExpensesAbstract" xlink:to="dht_OperatingExpensesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_OperatingExpensesAbstract_lbl" xml:lang="en">Operating Expenses [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_OperatingExpensesAbstract_lbl" xml:lang="en-US">Operating Expenses [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_OperatingExpensesAbstract_lbl" xml:lang="en">Operating expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_OperatingExpensesAbstract_lbl" xml:lang="en-US">Operating expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_OperatingExpensesAbstract_lbl" xml:lang="en">The disclosure of the operating expenses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_OperatingExpensesAbstract_lbl" xml:lang="en-US">The disclosure of the operating expenses.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_PaymentForVesselUnderConstructionAxis" xlink:label="dht_PaymentForVesselUnderConstructionAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_PaymentForVesselUnderConstructionAxis" xlink:to="dht_PaymentForVesselUnderConstructionAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PaymentForVesselUnderConstructionAxis_lbl" xml:lang="en">Payment For Vessel Under Construction [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PaymentForVesselUnderConstructionAxis_lbl" xml:lang="en-US">Payment For Vessel Under Construction [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PaymentForVesselUnderConstructionAxis_lbl" xml:lang="en">Payment For Vessel Under Construction [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PaymentForVesselUnderConstructionAxis_lbl" xml:lang="en-US">Payment For Vessel Under Construction [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PaymentForVesselUnderConstructionAxis_lbl" xml:lang="en">Payment for vessel under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PaymentForVesselUnderConstructionAxis_lbl" xml:lang="en-US">Payment for vessel under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_PaymentForVesselUnderConstructionByPeriodDomain" xlink:label="dht_PaymentForVesselUnderConstructionByPeriodDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_PaymentForVesselUnderConstructionByPeriodDomain" xlink:to="dht_PaymentForVesselUnderConstructionByPeriodDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PaymentForVesselUnderConstructionByPeriodDomain_lbl" xml:lang="en">Payment For Vessel Under Construction By Period [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PaymentForVesselUnderConstructionByPeriodDomain_lbl" xml:lang="en-US">Payment For Vessel Under Construction By Period [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PaymentForVesselUnderConstructionByPeriodDomain_lbl" xml:lang="en">Payment for vessel under construction by period [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PaymentForVesselUnderConstructionByPeriodDomain_lbl" xml:lang="en-US">Payment for vessel under construction by period [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PaymentForVesselUnderConstructionByPeriodDomain_lbl" xml:lang="en">Payment for vessel under construction by period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PaymentForVesselUnderConstructionByPeriodDomain_lbl" xml:lang="en-US">Payment for vessel under construction by period.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_PensionLiability" xlink:label="dht_PensionLiability" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_PensionLiability" xlink:to="dht_PensionLiability_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PensionLiability_lbl" xml:lang="en">Pension Liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PensionLiability_lbl" xml:lang="en-US">Pension Liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PensionLiability_lbl" xml:lang="en">Pension liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PensionLiability_lbl" xml:lang="en-US">Pension liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PensionLiability_lbl" xml:lang="en">Pension liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PensionLiability_lbl" xml:lang="en-US">Pension liability</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_PreferredStockMember" xlink:label="dht_PreferredStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_PreferredStockMember" xlink:to="dht_PreferredStockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PreferredStockMember_lbl" xml:lang="en">Preferred Stock [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PreferredStockMember_lbl" xml:lang="en-US">Preferred Stock [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PreferredStockMember_lbl" xml:lang="en">Preferred Stock [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PreferredStockMember_lbl" xml:lang="en-US">Preferred Stock [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PreferredStockMember_lbl" xml:lang="en">This member stands for equity instruments that are senior in some aspects to ordinary shares, but subordinate to debt instruments in terms of claim.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PreferredStockMember_lbl" xml:lang="en-US">This member stands for equity instruments that are senior in some aspects to ordinary shares, but subordinate to debt instruments in terms of claim.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_PrepaidExpenses" xlink:label="dht_PrepaidExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_PrepaidExpenses" xlink:to="dht_PrepaidExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PrepaidExpenses_lbl" xml:lang="en">Prepaid Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PrepaidExpenses_lbl" xml:lang="en-US">Prepaid Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PrepaidExpenses_lbl" xml:lang="en">Prepaid expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PrepaidExpenses_lbl" xml:lang="en-US">Prepaid expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PrepaidExpenses_lbl" xml:lang="en">The amount of prepaid expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PrepaidExpenses_lbl" xml:lang="en-US">The amount of prepaid expenses</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ProceedsFromInterestReceived" xlink:label="dht_ProceedsFromInterestReceived" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ProceedsFromInterestReceived" xlink:to="dht_ProceedsFromInterestReceived_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ProceedsFromInterestReceived_lbl" xml:lang="en">Proceeds From Interest Received</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ProceedsFromInterestReceived_lbl" xml:lang="en-US">Proceeds From Interest Received</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ProceedsFromInterestReceived_lbl" xml:lang="en">Interest received</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ProceedsFromInterestReceived_lbl" xml:lang="en-US">Interest received</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ProceedsFromInterestReceived_lbl" xml:lang="en">Interest received on loans and other debt instruments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ProceedsFromInterestReceived_lbl" xml:lang="en-US">Interest received on loans and other debt instruments.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ProfitForThePeriod" xlink:label="dht_ProfitForThePeriod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ProfitForThePeriod" xlink:to="dht_ProfitForThePeriod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ProfitForThePeriod_lbl" xml:lang="en">Profit For The Period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ProfitForThePeriod_lbl" xml:lang="en-US">Profit For The Period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ProfitForThePeriod_lbl" xml:lang="en">Net income/(loss) after tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ProfitForThePeriod_lbl" xml:lang="en-US">Net income/(loss) after tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ProfitForThePeriod_lbl" xml:lang="en">The total of income less expenses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ProfitForThePeriod_lbl" xml:lang="en-US">The total of income less expenses.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ProfitlossForThePeriod" xlink:label="dht_ProfitlossForThePeriod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ProfitlossForThePeriod" xlink:to="dht_ProfitlossForThePeriod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ProfitlossForThePeriod_lbl" xml:lang="en">Profitloss For The Period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ProfitlossForThePeriod_lbl" xml:lang="en-US">Profitloss For The Period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ProfitlossForThePeriod_lbl" xml:lang="en">Profit/(loss) for the period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ProfitlossForThePeriod_lbl" xml:lang="en-US">Profit/(loss) for the period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ProfitlossForThePeriod_lbl" xml:lang="en">The amount of profit/(loss) for the period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ProfitlossForThePeriod_lbl" xml:lang="en-US">The amount of profit/(loss) for the period.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ProfitlossOnSaleOfVessels" xlink:label="dht_ProfitlossOnSaleOfVessels" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ProfitlossOnSaleOfVessels" xlink:to="dht_ProfitlossOnSaleOfVessels_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ProfitlossOnSaleOfVessels_lbl" xml:lang="en">Profitloss On Sale Of Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ProfitlossOnSaleOfVessels_lbl" xml:lang="en-US">Profitloss On Sale Of Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ProfitlossOnSaleOfVessels_lbl" xml:lang="en">Profit/(loss), sale of vessel</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ProfitlossOnSaleOfVessels_lbl" xml:lang="en-US">Profit/(loss), sale of vessel</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ProfitlossOnSaleOfVessels_lbl" xml:lang="en">The amount of profit(loss) from the sale of vessels.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ProfitlossOnSaleOfVessels_lbl" xml:lang="en-US">The amount of profit(loss) from the sale of vessels.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="dht_ProfitlossOnSaleOfVessels_lbl" xml:lang="en">(Profit)/loss, sale of vessel</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="dht_ProfitlossOnSaleOfVessels_lbl" xml:lang="en-US">(Profit)/loss, sale of vessel</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_PropertyPlantAndEquipmentTypeDomain" xlink:label="dht_PropertyPlantAndEquipmentTypeDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_PropertyPlantAndEquipmentTypeDomain" xlink:to="dht_PropertyPlantAndEquipmentTypeDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en">Property Plant And Equipment Type [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en-US">Property Plant And Equipment Type [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en">Property, plant and equipment [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en-US">Property, plant and equipment [Domain]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en">Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en-US">Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_PropertyPlantandEquipmentByTypeAxis" xlink:label="dht_PropertyPlantandEquipmentByTypeAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_PropertyPlantandEquipmentByTypeAxis" xlink:to="dht_PropertyPlantandEquipmentByTypeAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PropertyPlantandEquipmentByTypeAxis_lbl" xml:lang="en">Property Plantand Equipment By Type [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PropertyPlantandEquipmentByTypeAxis_lbl" xml:lang="en-US">Property Plantand Equipment By Type [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PropertyPlantandEquipmentByTypeAxis_lbl" xml:lang="en">Property, Plant and Equipment By Type [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PropertyPlantandEquipmentByTypeAxis_lbl" xml:lang="en-US">Property, Plant and Equipment By Type [Axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PropertyPlantandEquipmentByTypeAxis_lbl" xml:lang="en">Information by type of long-lived, physical assets used to produce goods and services and not intended for resale.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PropertyPlantandEquipmentByTypeAxis_lbl" xml:lang="en-US">Information by type of long-lived, physical assets used to produce goods and services and not intended for resale.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_PurchaseOfConvertibleBonds" xlink:label="dht_PurchaseOfConvertibleBonds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_PurchaseOfConvertibleBonds" xlink:to="dht_PurchaseOfConvertibleBonds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PurchaseOfConvertibleBonds_lbl" xml:lang="en">Purchase Of Convertible Bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_PurchaseOfConvertibleBonds_lbl" xml:lang="en-US">Purchase Of Convertible Bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PurchaseOfConvertibleBonds_lbl" xml:lang="en">Purchase of convertible bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_PurchaseOfConvertibleBonds_lbl" xml:lang="en-US">Purchase of convertible bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PurchaseOfConvertibleBonds_lbl" xml:lang="en">The inflows (outflows) of cash from the purchase of convertible bonds, classified as financing activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_PurchaseOfConvertibleBonds_lbl" xml:lang="en-US">The inflows (outflows) of cash from the purchase of convertible bonds, classified as financing activities.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_RepaymentOfLongtermBorrowings" xlink:label="dht_RepaymentOfLongtermBorrowings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_RepaymentOfLongtermBorrowings" xlink:to="dht_RepaymentOfLongtermBorrowings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RepaymentOfLongtermBorrowings_lbl" xml:lang="en">Repayment Of Longterm Borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RepaymentOfLongtermBorrowings_lbl" xml:lang="en-US">Repayment Of Longterm Borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RepaymentOfLongtermBorrowings_lbl" xml:lang="en">Scheduled repayment of long-term debt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RepaymentOfLongtermBorrowings_lbl" xml:lang="en-US">Scheduled repayment of long-term debt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RepaymentOfLongtermBorrowings_lbl" xml:lang="en">The cash outflow to settle long-term borrowings, classified as financing activities. [Refer: Borrowings]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RepaymentOfLongtermBorrowings_lbl" xml:lang="en-US">The cash outflow to settle long-term borrowings, classified as financing activities. [Refer: Borrowings]</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_RepaymentOfLongtermBorrowingsRefinancing" xlink:label="dht_RepaymentOfLongtermBorrowingsRefinancing" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_RepaymentOfLongtermBorrowingsRefinancing" xlink:to="dht_RepaymentOfLongtermBorrowingsRefinancing_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RepaymentOfLongtermBorrowingsRefinancing_lbl" xml:lang="en">Repayment Of Longterm Borrowings Refinancing</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RepaymentOfLongtermBorrowingsRefinancing_lbl" xml:lang="en-US">Repayment Of Longterm Borrowings Refinancing</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RepaymentOfLongtermBorrowingsRefinancing_lbl" xml:lang="en">Repayment of long-term debt refinancing</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RepaymentOfLongtermBorrowingsRefinancing_lbl" xml:lang="en-US">Repayment of long-term debt refinancing</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RepaymentOfLongtermBorrowingsRefinancing_lbl" xml:lang="en">The cash outflow to settle long-term borrowings refinancing, classified as financing activities. [Refer: Borrowings]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RepaymentOfLongtermBorrowingsRefinancing_lbl" xml:lang="en-US">The cash outflow to settle long-term borrowings refinancing, classified as financing activities. [Refer: Borrowings]</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_RepaymentOfLongtermBorrowingsSaleOfVessels" xlink:label="dht_RepaymentOfLongtermBorrowingsSaleOfVessels" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_RepaymentOfLongtermBorrowingsSaleOfVessels" xlink:to="dht_RepaymentOfLongtermBorrowingsSaleOfVessels_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RepaymentOfLongtermBorrowingsSaleOfVessels_lbl" xml:lang="en">Repayment Of Longterm Borrowings Sale Of Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RepaymentOfLongtermBorrowingsSaleOfVessels_lbl" xml:lang="en-US">Repayment Of Longterm Borrowings Sale Of Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RepaymentOfLongtermBorrowingsSaleOfVessels_lbl" xml:lang="en">Repayment of long-term debt, sale of vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RepaymentOfLongtermBorrowingsSaleOfVessels_lbl" xml:lang="en-US">Repayment of long-term debt, sale of vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RepaymentOfLongtermBorrowingsSaleOfVessels_lbl" xml:lang="en">The cash outflow to settle long-term borrowings, sale of vessels, classified as financing activities. [Refer: Borrowings]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RepaymentOfLongtermBorrowingsSaleOfVessels_lbl" xml:lang="en-US">The cash outflow to settle long-term borrowings, sale of vessels, classified as financing activities. [Refer: Borrowings]</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_RestatedBalanceMember" xlink:label="dht_RestatedBalanceMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_RestatedBalanceMember" xlink:to="dht_RestatedBalanceMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RestatedBalanceMember_lbl" xml:lang="en">Restated Balance [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RestatedBalanceMember_lbl" xml:lang="en-US">Restated Balance [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RestatedBalanceMember_lbl" xml:lang="en">Restated Balance [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RestatedBalanceMember_lbl" xml:lang="en-US">Restated Balance [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RestatedBalanceMember_lbl" xml:lang="en">The amount of the restated balance.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RestatedBalanceMember_lbl" xml:lang="en-US">The amount of the restated balance.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_RetirementOfDepreciation" xlink:label="dht_RetirementOfDepreciation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_RetirementOfDepreciation" xlink:to="dht_RetirementOfDepreciation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RetirementOfDepreciation_lbl" xml:lang="en">Retirement Of Depreciation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RetirementOfDepreciation_lbl" xml:lang="en-US">Retirement Of Depreciation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RetirementOfDepreciation_lbl" xml:lang="en">Retirement</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RetirementOfDepreciation_lbl" xml:lang="en-US">Retirement</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RetirementOfDepreciation_lbl" xml:lang="en">Relates to completed depreciation.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RetirementOfDepreciation_lbl" xml:lang="en-US">Relates to completed depreciation.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_RetirementOfDrydockCosts" xlink:label="dht_RetirementOfDrydockCosts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_RetirementOfDrydockCosts" xlink:to="dht_RetirementOfDrydockCosts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RetirementOfDrydockCosts_lbl" xml:lang="en">Retirement Of Drydock Costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_RetirementOfDrydockCosts_lbl" xml:lang="en-US">Retirement Of Drydock Costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RetirementOfDrydockCosts_lbl" xml:lang="en">Retirement</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_RetirementOfDrydockCosts_lbl" xml:lang="en-US">Retirement</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RetirementOfDrydockCosts_lbl" xml:lang="en">Relates to completed depreciation of drydocking costs.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_RetirementOfDrydockCosts_lbl" xml:lang="en-US">Relates to completed depreciation of drydocking costs.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ScheduledDebtRepaymentsAbstract" xlink:label="dht_ScheduledDebtRepaymentsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ScheduledDebtRepaymentsAbstract" xlink:to="dht_ScheduledDebtRepaymentsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ScheduledDebtRepaymentsAbstract_lbl" xml:lang="en">Scheduled Debt Repayments [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ScheduledDebtRepaymentsAbstract_lbl" xml:lang="en-US">Scheduled Debt Repayments [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ScheduledDebtRepaymentsAbstract_lbl" xml:lang="en">Scheduled debt repayments and margin above LIBOR</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ScheduledDebtRepaymentsAbstract_lbl" xml:lang="en-US">Scheduled debt repayments and margin above LIBOR</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ScheduledDebtRepaymentsAbstract_lbl" xml:lang="en">Scheduled debt repayments Abstract</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ScheduledDebtRepaymentsAbstract_lbl" xml:lang="en-US">Scheduled debt repayments Abstract</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ScheduledDebtRepaymentsTextBlock" xlink:label="dht_ScheduledDebtRepaymentsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ScheduledDebtRepaymentsTextBlock" xlink:to="dht_ScheduledDebtRepaymentsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ScheduledDebtRepaymentsTextBlock_lbl" xml:lang="en">Scheduled Debt Repayments Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ScheduledDebtRepaymentsTextBlock_lbl" xml:lang="en-US">Scheduled Debt Repayments Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_ScheduledDebtRepaymentsTextBlock_lbl" xml:lang="en">Scheduled debt repayments and margin above Libor</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_ScheduledDebtRepaymentsTextBlock_lbl" xml:lang="en-US">Scheduled debt repayments and margin above Libor</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ScheduledDebtRepaymentsTextBlock_lbl" xml:lang="en">The disclosure of scheduled debt repayments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ScheduledDebtRepaymentsTextBlock_lbl" xml:lang="en-US">The disclosure of scheduled debt repayments.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes" xlink:label="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes" xlink:to="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes_lbl" xml:lang="en">Shares To Be Issued Assuming Conversion Of Convertible Notes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes_lbl" xml:lang="en-US">Shares To Be Issued Assuming Conversion Of Convertible Notes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes_lbl" xml:lang="en">Shares to be issued assuming conversion of convertible notes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes_lbl" xml:lang="en-US">Shares to be issued assuming conversion of convertible notes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes_lbl" xml:lang="en">The number of shares to be issued assuming conversion of convertible notes.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes_lbl" xml:lang="en-US">The number of shares to be issued assuming conversion of convertible notes.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_ShippingRevenues" xlink:label="dht_ShippingRevenues" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_ShippingRevenues" xlink:to="dht_ShippingRevenues_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ShippingRevenues_lbl" xml:lang="en">Shipping Revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_ShippingRevenues_lbl" xml:lang="en-US">Shipping Revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ShippingRevenues_lbl" xml:lang="en">Shipping revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_ShippingRevenues_lbl" xml:lang="en-US">Shipping revenues</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ShippingRevenues_lbl" xml:lang="en">The amount of shipping revenue.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_ShippingRevenues_lbl" xml:lang="en-US">The amount of shipping revenue.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_SignificantAccountingPrinciplesAbstract" xlink:label="dht_SignificantAccountingPrinciplesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_SignificantAccountingPrinciplesAbstract" xlink:to="dht_SignificantAccountingPrinciplesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_SignificantAccountingPrinciplesAbstract_lbl" xml:lang="en">General accounting principles [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_SignificantAccountingPrinciplesAbstract_lbl" xml:lang="en-US">General accounting principles [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_SignificantAccountingPrinciplesAbstract_lbl" xml:lang="en">Description of Significant Accounting Principles</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_SignificantAccountingPrinciplesAbstract_lbl" xml:lang="en-US">Description of Significant Accounting Principles</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract" xlink:label="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract" xlink:to="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract_lbl" xml:lang="en">Specification Of Items Included In Operating Activities [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Specification Of Items Included In Operating Activities [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract_lbl" xml:lang="en">Specification of items included in operating activities:</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Specification of items included in operating activities:</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract_lbl" xml:lang="en">The specification of items included in operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">The specification of items included in operating activities</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_StatementLineItems" xlink:label="dht_StatementLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_StatementLineItems" xlink:to="dht_StatementLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StatementLineItems_lbl" xml:lang="en">Statement Line Items [Line Items]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StatementLineItems_lbl" xml:lang="en-US">Statement Line Items [Line Items]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StatementLineItems_lbl" xml:lang="en">Statement Line Items [Line Items]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StatementLineItems_lbl" xml:lang="en-US">Statement Line Items [Line Items]</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_StatementTable" xlink:label="dht_StatementTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_StatementTable" xlink:to="dht_StatementTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StatementTable_lbl" xml:lang="en">Statement Table [Table]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StatementTable_lbl" xml:lang="en-US">Statement Table [Table]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StatementTable_lbl" xml:lang="en">Statement Table [Table]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StatementTable_lbl" xml:lang="en-US">Statement Table [Table]</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_StockholdersEquityAbstract" xlink:label="dht_StockholdersEquityAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_StockholdersEquityAbstract" xlink:to="dht_StockholdersEquityAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StockholdersEquityAbstract_lbl" xml:lang="en">Stockholders Equity [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StockholdersEquityAbstract_lbl" xml:lang="en-US">Stockholders Equity [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_StockholdersEquityAbstract_lbl" xml:lang="en">Stockholders&#39; equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_StockholdersEquityAbstract_lbl" xml:lang="en-US">Stockholders&#39; equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StockholdersEquityAbstract_lbl" xml:lang="en">Disclosure of stockholders&#39; equity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StockholdersEquityAbstract_lbl" xml:lang="en-US">Disclosure of stockholders&#39; equity.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_StockholdersEquityAndDividendPaymentTablesAbstract" xlink:label="dht_StockholdersEquityAndDividendPaymentTablesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_StockholdersEquityAndDividendPaymentTablesAbstract" xlink:to="dht_StockholdersEquityAndDividendPaymentTablesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StockholdersEquityAndDividendPaymentTablesAbstract_lbl" xml:lang="en">Stockholders equity and dividend payment (Tables) [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StockholdersEquityAndDividendPaymentTablesAbstract_lbl" xml:lang="en-US">Stockholders equity and dividend payment (Tables) [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StockholdersEquityAndDividendPaymentTablesAbstract_lbl" xml:lang="en">The disclosure of stockholders&#39; equity and dividend payments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StockholdersEquityAndDividendPaymentTablesAbstract_lbl" xml:lang="en-US">The disclosure of stockholders&#39; equity and dividend payments.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_StockholdersEquityTextBlock" xlink:label="dht_StockholdersEquityTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_StockholdersEquityTextBlock" xlink:to="dht_StockholdersEquityTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StockholdersEquityTextBlock_lbl" xml:lang="en">Stockholders Equity Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_StockholdersEquityTextBlock_lbl" xml:lang="en-US">Stockholders Equity Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_StockholdersEquityTextBlock_lbl" xml:lang="en">Stockholders equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_StockholdersEquityTextBlock_lbl" xml:lang="en-US">Stockholders equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StockholdersEquityTextBlock_lbl" xml:lang="en">The disclosure of stockholders&#39; equity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_StockholdersEquityTextBlock_lbl" xml:lang="en-US">The disclosure of stockholders&#39; equity.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_TotalAccumulatedDepreciationAndImpairmentMember" xlink:label="dht_TotalAccumulatedDepreciationAndImpairmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_TotalAccumulatedDepreciationAndImpairmentMember" xlink:to="dht_TotalAccumulatedDepreciationAndImpairmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalAccumulatedDepreciationAndImpairmentMember_lbl" xml:lang="en">Total Accumulated Depreciation And Impairment [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalAccumulatedDepreciationAndImpairmentMember_lbl" xml:lang="en-US">Total Accumulated Depreciation And Impairment [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TotalAccumulatedDepreciationAndImpairmentMember_lbl" xml:lang="en">Total Accumulated Depreciation and Impairment [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TotalAccumulatedDepreciationAndImpairmentMember_lbl" xml:lang="en-US">Total Accumulated Depreciation and Impairment [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalAccumulatedDepreciationAndImpairmentMember_lbl" xml:lang="en">Total Accumulated Depreciation and Impairment.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalAccumulatedDepreciationAndImpairmentMember_lbl" xml:lang="en-US">Total Accumulated Depreciation and Impairment.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_TotalCostMember" xlink:label="dht_TotalCostMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_TotalCostMember" xlink:to="dht_TotalCostMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalCostMember_lbl" xml:lang="en">Total Cost [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalCostMember_lbl" xml:lang="en-US">Total Cost [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TotalCostMember_lbl" xml:lang="en">Total Cost [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TotalCostMember_lbl" xml:lang="en-US">Total Cost [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalCostMember_lbl" xml:lang="en">Total Cost.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalCostMember_lbl" xml:lang="en-US">Total Cost.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_TotalDividendPayment" xlink:label="dht_TotalDividendPayment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_TotalDividendPayment" xlink:to="dht_TotalDividendPayment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalDividendPayment_lbl" xml:lang="en">Total Dividend Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalDividendPayment_lbl" xml:lang="en-US">Total Dividend Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="dht_TotalDividendPayment_lbl" xml:lang="en">Total Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="dht_TotalDividendPayment_lbl" xml:lang="en-US">Total Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalDividendPayment_lbl" xml:lang="en">The annual amount of dividends recognised as distributions to owners.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalDividendPayment_lbl" xml:lang="en-US">The annual amount of dividends recognised as distributions to owners.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction" xlink:label="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction" xlink:to="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en">Total Future Expected Payments For Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en-US">Total Future Expected Payments For Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en">Total Future expected payments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en-US">Total Future expected payments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en">The total future expected payments for vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction_lbl" xml:lang="en-US">The total future expected payments for vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_TotalInterestBearingDebt" xlink:label="dht_TotalInterestBearingDebt" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_TotalInterestBearingDebt" xlink:to="dht_TotalInterestBearingDebt_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalInterestBearingDebt_lbl" xml:lang="en">Total Interest Bearing Debt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TotalInterestBearingDebt_lbl" xml:lang="en-US">Total Interest Bearing Debt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TotalInterestBearingDebt_lbl" xml:lang="en">Total interest bearing debt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TotalInterestBearingDebt_lbl" xml:lang="en-US">Total interest bearing debt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalInterestBearingDebt_lbl" xml:lang="en">The total interest bearing debt.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TotalInterestBearingDebt_lbl" xml:lang="en-US">The total interest bearing debt.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_TransferredFromVesselsUnderConstruction" xlink:label="dht_TransferredFromVesselsUnderConstruction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_TransferredFromVesselsUnderConstruction" xlink:to="dht_TransferredFromVesselsUnderConstruction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TransferredFromVesselsUnderConstruction_lbl" xml:lang="en">Transferred From Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TransferredFromVesselsUnderConstruction_lbl" xml:lang="en-US">Transferred From Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TransferredFromVesselsUnderConstruction_lbl" xml:lang="en">Transferred from vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TransferredFromVesselsUnderConstruction_lbl" xml:lang="en-US">Transferred from vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TransferredFromVesselsUnderConstruction_lbl" xml:lang="en">Transferred from vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TransferredFromVesselsUnderConstruction_lbl" xml:lang="en-US">Transferred from vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_TransferredToVessels" xlink:label="dht_TransferredToVessels" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_TransferredToVessels" xlink:to="dht_TransferredToVessels_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TransferredToVessels_lbl" xml:lang="en">Transferred To Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_TransferredToVessels_lbl" xml:lang="en-US">Transferred To Vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TransferredToVessels_lbl" xml:lang="en">Transferred to vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_TransferredToVessels_lbl" xml:lang="en-US">Transferred to vessels</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TransferredToVessels_lbl" xml:lang="en">Costs transferred to vessels.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_TransferredToVessels_lbl" xml:lang="en-US">Costs transferred to vessels.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_UnamortizedUpfrontFees" xlink:label="dht_UnamortizedUpfrontFees" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_UnamortizedUpfrontFees" xlink:to="dht_UnamortizedUpfrontFees_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_UnamortizedUpfrontFees_lbl" xml:lang="en">Unamortized Upfront Fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_UnamortizedUpfrontFees_lbl" xml:lang="en-US">Unamortized Upfront Fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_UnamortizedUpfrontFees_lbl" xml:lang="en">Unamortized upfront fees bank loans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_UnamortizedUpfrontFees_lbl" xml:lang="en-US">Unamortized upfront fees bank loans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_UnamortizedUpfrontFees_lbl" xml:lang="en">The amount of unamortized upfront fees.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_UnamortizedUpfrontFees_lbl" xml:lang="en-US">The amount of unamortized upfront fees.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VesselCostsTextBlock" xlink:label="dht_VesselCostsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VesselCostsTextBlock" xlink:to="dht_VesselCostsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselCostsTextBlock_lbl" xml:lang="en">Vessel Costs Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselCostsTextBlock_lbl" xml:lang="en-US">Vessel Costs Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_VesselCostsTextBlock_lbl" xml:lang="en">Vessel costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_VesselCostsTextBlock_lbl" xml:lang="en-US">Vessel costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselCostsTextBlock_lbl" xml:lang="en">The tabular disclosure of the costs of vessels.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselCostsTextBlock_lbl" xml:lang="en-US">The tabular disclosure of the costs of vessels.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VesselOperatingExpenses" xlink:label="dht_VesselOperatingExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VesselOperatingExpenses" xlink:to="dht_VesselOperatingExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselOperatingExpenses_lbl" xml:lang="en">Vessel Operating Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselOperatingExpenses_lbl" xml:lang="en-US">Vessel Operating Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselOperatingExpenses_lbl" xml:lang="en">The amount of vessel operating expenses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselOperatingExpenses_lbl" xml:lang="en-US">The amount of vessel operating expenses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="dht_VesselOperatingExpenses_lbl" xml:lang="en">Vessel operating expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="dht_VesselOperatingExpenses_lbl" xml:lang="en-US">Vessel operating expenses</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VesselsAbstract" xlink:label="dht_VesselsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VesselsAbstract" xlink:to="dht_VesselsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsAbstract_lbl" xml:lang="en">Vessels [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsAbstract_lbl" xml:lang="en-US">Vessels [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsAbstract_lbl" xml:lang="en">Description of information regarding Vessels.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsAbstract_lbl" xml:lang="en-US">Description of information regarding Vessels.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VesselsAndTimeCharterContractsCost" xlink:label="dht_VesselsAndTimeCharterContractsCost" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VesselsAndTimeCharterContractsCost" xlink:to="dht_VesselsAndTimeCharterContractsCost_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsAndTimeCharterContractsCost_lbl" xml:lang="en">Vessels And Time Charter Contracts Cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsAndTimeCharterContractsCost_lbl" xml:lang="en-US">Vessels And Time Charter Contracts Cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="dht_VesselsAndTimeCharterContractsCost_lbl" xml:lang="en">As of January 1</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="dht_VesselsAndTimeCharterContractsCost_lbl" xml:lang="en-US">As of January 1</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="dht_VesselsAndTimeCharterContractsCost_lbl" xml:lang="en">As of September 30</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="dht_VesselsAndTimeCharterContractsCost_lbl" xml:lang="en-US">As of September 30</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsAndTimeCharterContractsCost_lbl" xml:lang="en">Vessels and time charter contracts cost.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsAndTimeCharterContractsCost_lbl" xml:lang="en-US">Vessels and time charter contracts cost.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VesselsTablesAbstract" xlink:label="dht_VesselsTablesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VesselsTablesAbstract" xlink:to="dht_VesselsTablesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsTablesAbstract_lbl" xml:lang="en">Vessels (Tables) [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsTablesAbstract_lbl" xml:lang="en-US">Vessels (Tables) [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsTablesAbstract_lbl" xml:lang="en">Vessels tables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsTablesAbstract_lbl" xml:lang="en-US">Vessels tables.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VesselsUnderConstruction" xlink:label="dht_VesselsUnderConstruction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VesselsUnderConstruction" xlink:to="dht_VesselsUnderConstruction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsUnderConstruction_lbl" xml:lang="en">Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsUnderConstruction_lbl" xml:lang="en-US">Vessels Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="dht_VesselsUnderConstruction_lbl" xml:lang="en">At January 1, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="dht_VesselsUnderConstruction_lbl" xml:lang="en-US">At January 1, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="dht_VesselsUnderConstruction_lbl" xml:lang="en">At September 30, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="dht_VesselsUnderConstruction_lbl" xml:lang="en-US">At September 30, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsUnderConstruction_lbl" xml:lang="en">Vessels under construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsUnderConstruction_lbl" xml:lang="en-US">Vessels under construction</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VesselsUnderConstructionFuturePaymentsTextBlock" xlink:label="dht_VesselsUnderConstructionFuturePaymentsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VesselsUnderConstructionFuturePaymentsTextBlock" xlink:to="dht_VesselsUnderConstructionFuturePaymentsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsUnderConstructionFuturePaymentsTextBlock_lbl" xml:lang="en">Vessels Under Construction Future Payments Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsUnderConstructionFuturePaymentsTextBlock_lbl" xml:lang="en-US">Vessels Under Construction Future Payments Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_VesselsUnderConstructionFuturePaymentsTextBlock_lbl" xml:lang="en">Vessels under construction, future payments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="dht_VesselsUnderConstructionFuturePaymentsTextBlock_lbl" xml:lang="en-US">Vessels under construction, future payments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsUnderConstructionFuturePaymentsTextBlock_lbl" xml:lang="en">The tabular disclosure of the future payments for vessels under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsUnderConstructionFuturePaymentsTextBlock_lbl" xml:lang="en-US">The tabular disclosure of the future payments for vessels under construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VesselsUnderConstructionMember" xlink:label="dht_VesselsUnderConstructionMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VesselsUnderConstructionMember" xlink:to="dht_VesselsUnderConstructionMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsUnderConstructionMember_lbl" xml:lang="en">Vessels Under Construction [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VesselsUnderConstructionMember_lbl" xml:lang="en-US">Vessels Under Construction [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_VesselsUnderConstructionMember_lbl" xml:lang="en">Vessels Under Construction [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dht_VesselsUnderConstructionMember_lbl" xml:lang="en-US">Vessels Under Construction [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsUnderConstructionMember_lbl" xml:lang="en">Vessels Under Construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VesselsUnderConstructionMember_lbl" xml:lang="en-US">Vessels Under Construction.</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="dht-20180930.xsd#dht_VoyageExpenses" xlink:label="dht_VoyageExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dht_VoyageExpenses" xlink:to="dht_VoyageExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VoyageExpenses_lbl" xml:lang="en">Voyage Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dht_VoyageExpenses_lbl" xml:lang="en-US">Voyage Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VoyageExpenses_lbl" xml:lang="en">The amount of voyage expenses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="dht_VoyageExpenses_lbl" xml:lang="en-US">The amount of voyage expenses.</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="dht_VoyageExpenses_lbl" xml:lang="en-US">Voyage expenses</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionalPaidinCapital" xlink:label="ifrs-full_AdditionalPaidinCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalPaidinCapital" xlink:to="ifrs-full_AdditionalPaidinCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalPaidinCapital_lbl" xml:lang="en">Additional paid-in capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalPaidinCapital_lbl" xml:lang="en-US">Additional paid-in capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionalPaidinCapital_lbl" xml:lang="en">Additional paid-in capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionalPaidinCapital_lbl" xml:lang="en-US">Additional paid-in capital</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionalPaidinCapitalMember" xlink:label="ifrs-full_AdditionalPaidinCapitalMember" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalPaidinCapitalMember_lbl" xml:lang="en">Additional paid-in capital [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalPaidinCapitalMember_lbl" xml:lang="en-US">Additional paid-in capital [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionalPaidinCapitalMember_lbl" xml:lang="en">Paid-in Additional Capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionalPaidinCapitalMember_lbl" xml:lang="en-US">Paid-in Additional Capital</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustedWeightedAverageShares" xlink:label="ifrs-full_AdjustedWeightedAverageShares" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustedWeightedAverageShares" xlink:to="ifrs-full_AdjustedWeightedAverageShares_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en">Adjusted weighted average number of ordinary shares outstanding</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en-US">Adjusted weighted average number of ordinary shares outstanding</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en">Weighted average number of shares (diluted)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of shares (diluted)</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en">Impairment charges</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Impairment charges</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdministrativeExpense" xlink:label="ifrs-full_AdministrativeExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdministrativeExpense" xlink:to="ifrs-full_AdministrativeExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en">Administrative expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en-US">Administrative expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en">General and administrative expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en-US">General and administrative expense</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Assets_lbl" xml:lang="en">Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en">TOTAL ASSETS</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">TOTAL ASSETS</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsAbstract" xlink:label="ifrs-full_AssetsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en">Assets [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US">Assets [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en">ASSETS</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US">ASSETS</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="ifrs-full_BasicEarningsLossPerShare" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en">Basic earnings (loss) per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US">Basic earnings (loss) per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en">Basic net income/(loss) per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US">Basic net income/(loss) per share</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="ifrs-full_CashAndCashEquivalents" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en">Cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en">Cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en">Cash and cash equivalents at beginning of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents at beginning of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en">Cash and cash equivalents at end of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents at end of period</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en">Cash flows from (used in) financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en">Net cash provided by/(used in) financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US">Net cash provided by/(used in) financing activities</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en">CASH FLOW FROM FINANCING ACTIVITIES</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">CASH FLOW FROM FINANCING ACTIVITIES</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en">Cash flows from (used in) investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en">Net cash used in investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash used in investing activities</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en">Cash flows from (used in) investing activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en">CASH FLOW FROM INVESTING ACTIVITIES</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">CASH FLOW FROM INVESTING ACTIVITIES</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en">Cash flow from operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flow from operating activities</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en">Classes of financial instruments [axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en">Classes of financial instruments [axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en">Components of equity [axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US">Components of equity [axis]</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en">Components of other comprehensive income that will be reclassified to profit or loss, before tax [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Components of other comprehensive income that will be reclassified to profit or loss, before tax [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en">Items that may be reclassified to income statement:</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Items that may be reclassified to income statement:</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en">Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US">Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en">Items that will not be reclassified to income statement:</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US">Items that will not be reclassified to income statement:</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en">Comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en">Total comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Total comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en">Total comprehensive income for the period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Total comprehensive income for the period</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAbstract" xlink:label="ifrs-full_ComprehensiveIncomeAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAbstract" xlink:to="ifrs-full_ComprehensiveIncomeAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAbstract_lbl" xml:lang="en">Comprehensive income [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Comprehensive income [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAbstract_lbl" xml:lang="en">Comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Comprehensive income</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en">Comprehensive income, attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US">Comprehensive income, attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en">Attributable to the owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US">Attributable to the owners of parent</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAssets" xlink:label="ifrs-full_CurrentAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en">Current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en-US">Current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en">Total current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en-US">Total current assets</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="ifrs-full_CurrentAssetsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssetsAbstract" xlink:to="ifrs-full_CurrentAssetsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xml:lang="en">Current assets [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xml:lang="en-US">Current assets [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xml:lang="en">Current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xml:lang="en-US">Current assets</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" xml:lang="en">Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" xml:lang="en-US">Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" xml:lang="en">Asset held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" xml:lang="en-US">Asset held for sale</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentDerivativeFinancialAssets" xlink:label="ifrs-full_CurrentDerivativeFinancialAssets" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentDerivativeFinancialAssets_lbl" xml:lang="en">Current derivative financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentDerivativeFinancialAssets_lbl" xml:lang="en-US">Current derivative financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentDerivativeFinancialAssets_lbl" xml:lang="en">Derivative financial instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentDerivativeFinancialAssets_lbl" xml:lang="en-US">Derivative financial instruments</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities_lbl" xml:lang="en">Current derivative financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Current derivative financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities_lbl" xml:lang="en">Derivative financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Derivative financial liabilities</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentLiabilities" xlink:label="ifrs-full_CurrentLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilities_lbl" xml:lang="en">Current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilities_lbl" xml:lang="en-US">Current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentLiabilities_lbl" xml:lang="en">Total current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentLiabilities_lbl" xml:lang="en-US">Total current liabilities</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="ifrs-full_CurrentLiabilitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilitiesAbstract" xlink:to="ifrs-full_CurrentLiabilitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xml:lang="en">Current liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xml:lang="en-US">Current liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xml:lang="en">Current LIABILITIES</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xml:lang="en-US">Current LIABILITIES</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:label="ifrs-full_CurrentPortionOfLongtermBorrowings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:to="ifrs-full_CurrentPortionOfLongtermBorrowings_lbl" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en">Total stockholders&#39; equity</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en">Balance at beginning of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Balance at beginning of period</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Balance at end of period</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en">Equity [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US">Equity [abstract]</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en">Equity and liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US">Equity and liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en">TOTAL LIABILITIES AND STOCKHOLDERS&#39; EQUITY</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US">TOTAL LIABILITIES AND STOCKHOLDERS&#39; EQUITY</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract_lbl" xml:lang="en">Equity and liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract_lbl" xml:lang="en-US">Equity and liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract_lbl" xml:lang="en">LIABILITIES AND STOCKHOLDERS&#39; EQUITY</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityInvestmentsMember_lbl" xml:lang="en">Equity investments [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityInvestmentsMember_lbl" xml:lang="en-US">Equity investments [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityInvestmentsMember_lbl" xml:lang="en">Total Equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityInvestmentsMember_lbl" xml:lang="en-US">Total Equity</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityMember_lbl" xml:lang="en">Equity [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityMember_lbl" xml:lang="en-US">Equity [member]</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Gain (loss) on remeasurement, net defined benefit liability (asset)</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Remeasurement of defined benefit obligation/(loss)</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_GainsOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US">Fair value (gain)/loss on derivative financial instruments</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US">Impairment charges</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsMember_lbl" xml:lang="en">Increase (decrease) due to changes in accounting policy required by IFRSs [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsMember_lbl" xml:lang="en-US">Increase (decrease) due to changes in accounting policy required by IFRSs [member]</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en">Increase (decrease) in cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US">Increase (decrease) in cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en">Net increase/(decrease) in cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US">Net increase/(decrease) in cash and cash equivalents</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en">Interest expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Interest expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en">Interest expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Interest expense</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentsInAssociates" xlink:label="ifrs-full_InvestmentsInAssociates" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en">Investments in associates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en-US">Investments in associates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en">Investment in associated company</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en-US">Investment in associated company</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IssueOfConvertibleInstruments" xlink:label="ifrs-full_IssueOfConvertibleInstruments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssueOfConvertibleInstruments" xlink:to="ifrs-full_IssueOfConvertibleInstruments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssueOfConvertibleInstruments_lbl" xml:lang="en">Issue of convertible instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssueOfConvertibleInstruments_lbl" xml:lang="en-US">Issue of convertible instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssueOfConvertibleInstruments_lbl" xml:lang="en">Issuance of convertible bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssueOfConvertibleInstruments_lbl" xml:lang="en-US">Issuance of convertible bonds</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IssueOfEquity" xlink:label="ifrs-full_IssueOfEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssueOfEquity" xlink:to="ifrs-full_IssueOfEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en">Issue of equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en-US">Issue of equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en">Issuance of stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en-US">Issuance of stock</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xml:lang="en">Key management personnel compensation, share-based payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xml:lang="en-US">Key management personnel compensation, share-based payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xml:lang="en">Compensation related to options and restricted stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xml:lang="en-US">Compensation related to options and restricted stock</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en">Later than one year and not later than three years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">Later than one year and not later than three years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en">Later than one year and not later than three years [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">Later than one year and not later than three years [Member]</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en">Later than three years and not later than five years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Later than three years and not later than five years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en">Later than three years and not later than five years [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Later than three years and not later than five years [Member]</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en">Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en">TOTAL LIABILITIES</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">TOTAL LIABILITIES</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LongtermBorrowings" xlink:label="ifrs-full_LongtermBorrowings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermBorrowings" xlink:to="ifrs-full_LongtermBorrowings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en">Non-current portion of non-current borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US">Non-current portion of non-current borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en">Long-term debt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US">Long-term debt</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:to="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl" xml:lang="en">Major ordinary share transactions [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl" xml:lang="en-US">Major ordinary share transactions [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl" xml:lang="en">Common Stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl" xml:lang="en-US">Common Stock</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssets_lbl" xml:lang="en">Non-current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssets_lbl" xml:lang="en-US">Non-current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentAssets_lbl" xml:lang="en">Total non-current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentAssets_lbl" xml:lang="en-US">Total non-current assets</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="ifrs-full_NoncurrentAssetsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsAbstract" xlink:to="ifrs-full_NoncurrentAssetsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xml:lang="en">Non-current assets [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xml:lang="en-US">Non-current assets [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xml:lang="en">Non-current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xml:lang="en-US">Non-current assets</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentDerivativeFinancialAssets_lbl" xml:lang="en">Non-current derivative financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentDerivativeFinancialAssets_lbl" xml:lang="en-US">Non-current derivative financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentDerivativeFinancialAssets_lbl" xml:lang="en">Derivative financial instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentDerivativeFinancialAssets_lbl" xml:lang="en-US">Derivative financial instruments</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:to="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xml:lang="en">Non-current derivative financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Non-current derivative financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xml:lang="en">Derivative financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Derivative financial liabilities</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="ifrs-full_NoncurrentLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xml:lang="en">Non-current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xml:lang="en-US">Non-current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xml:lang="en">Total non-current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xml:lang="en-US">Total non-current liabilities</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xml:lang="en">Non-current liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xml:lang="en-US">Non-current liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xml:lang="en">Non-current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xml:lang="en-US">Non-current liabilities</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="ifrs-full_NotLaterThanOneYearMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneYearMember" xlink:to="ifrs-full_NotLaterThanOneYearMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en">Not later than one year [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">Not later than one year [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en">Not later than one year [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">Not later than one year [Member]</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfSharesAuthorised" xlink:label="ifrs-full_NumberOfSharesAuthorised" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesAuthorised" xlink:to="ifrs-full_NumberOfSharesAuthorised_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesAuthorised_lbl" xml:lang="en">Number of shares authorised</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesAuthorised_lbl" xml:lang="en-US">Number of shares authorised</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesAuthorised_lbl" xml:lang="en">Numbers of shares authorized for issue at September 30, 2018</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesAuthorised_lbl" xml:lang="en-US">Numbers of shares authorized for issue at September 30, 2018</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OperatingExpense" xlink:label="ifrs-full_OperatingExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingExpense" xlink:to="ifrs-full_OperatingExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingExpense_lbl" xml:lang="en">Operating expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingExpense_lbl" xml:lang="en-US">Operating expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_OperatingExpense_lbl" xml:lang="en">Total operating expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_OperatingExpense_lbl" xml:lang="en-US">Total operating expenses</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en">Other adjustments for non-cash items</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en-US">Other adjustments for non-cash items</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en">Income adjusted for non-cash items</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en-US">Income adjusted for non-cash items</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncome" xlink:to="ifrs-full_OtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en">Other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en">Other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Other comprehensive income</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en">Other comprehensive income [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Other comprehensive income [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en">Other comprehensive income:</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Other comprehensive income:</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en">Other comprehensive income, net of tax, exchange differences on translation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en-US">Other comprehensive income, net of tax, exchange differences on translation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en">Exchange gain(loss) on translation of foreign currency denominated associate and subsidiary</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en-US">Exchange gain(loss) on translation of foreign currency denominated associate and subsidiary</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherIncome" xlink:label="ifrs-full_OtherIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIncome" xlink:to="ifrs-full_OtherIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en">Other income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en-US">Other income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en">Other financial income/(expenses)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en-US">Other financial income/(expenses)</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherNoncurrentFinancialLiabilities" xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentFinancialLiabilities" xlink:to="ifrs-full_OtherNoncurrentFinancialLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities_lbl" xml:lang="en">Other non-current financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities_lbl" xml:lang="en-US">Other non-current financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities_lbl" xml:lang="en">Other non-current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities_lbl" xml:lang="en-US">Other non-current liabilities</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherPropertyPlantAndEquipment" xlink:label="ifrs-full_OtherPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherPropertyPlantAndEquipment" xlink:to="ifrs-full_OtherPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherPropertyPlantAndEquipment_lbl" xml:lang="en">Other property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherPropertyPlantAndEquipment_lbl" xml:lang="en-US">Other property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherPropertyPlantAndEquipment_lbl" xml:lang="en">Other property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherPropertyPlantAndEquipment_lbl" xml:lang="en-US">Other property, plant and equipment</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherReserves" xlink:label="ifrs-full_OtherReserves" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReserves" xlink:to="ifrs-full_OtherReserves_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en">Other reserves</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Other reserves</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en">Other reserves</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Other reserves</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherReservesMember" xlink:label="ifrs-full_OtherReservesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReservesMember" xlink:to="ifrs-full_OtherReservesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReservesMember_lbl" xml:lang="en">Other reserves [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReservesMember_lbl" xml:lang="en-US">Other reserves [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReservesMember_lbl" xml:lang="en">Other Reserves</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReservesMember_lbl" xml:lang="en-US">Other Reserves</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ParValuePerShare" xlink:label="ifrs-full_ParValuePerShare" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en">Par value per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US">Par value per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en">Par value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US">Par value</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PreviouslyStatedMember" xlink:label="ifrs-full_PreviouslyStatedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PreviouslyStatedMember" xlink:to="ifrs-full_PreviouslyStatedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PreviouslyStatedMember_lbl" xml:lang="en">Previously stated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PreviouslyStatedMember_lbl" xml:lang="en-US">Previously stated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PreviouslyStatedMember_lbl" xml:lang="en">Previously stated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PreviouslyStatedMember_lbl" xml:lang="en-US">Previously stated [member]</link:label>
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    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en">Proceeds from sales of property, plant and equipment, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Proceeds from sales of property, plant and equipment, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en">Sale of vessels</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en">Profit (loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Profit (loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en">Net income/(loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net income/(loss)</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en">Profit (loss), attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Profit (loss), attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en">Attributable to the owners of parent</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en">Profit (loss) before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Profit (loss) before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en">Profit/(loss) before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Profit/(loss) before tax</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:label="ifrs-full_PropertyPlantAndEquipmentAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentAbstract_lbl" xml:lang="en">Property, plant and equipment [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US">Property, plant and equipment [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentAbstract_lbl" xml:lang="en">Property, Plant and Equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US">Property, Plant and Equipment</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en">Purchase of other long-term assets, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of other long-term assets, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en">Issuance of long-term debt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Issuance of long-term debt</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en">Purchase of property, plant and equipment, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en">Investment in property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Investment in property, plant and equipment</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_lbl" xml:lang="en">Reserve of exchange differences on translation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_lbl" xml:lang="en-US">Reserve of exchange differences on translation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_lbl" xml:lang="en">Translation differences</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_lbl" xml:lang="en-US">Translation differences</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" xml:lang="en">Reserve of exchange differences on translation [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" xml:lang="en-US">Reserve of exchange differences on translation [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" xml:lang="en">Translation Differences</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" xml:lang="en-US">Translation Differences</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RestatedMember" xlink:label="ifrs-full_RestatedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestatedMember" xlink:to="ifrs-full_RestatedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RestatedMember_lbl" xml:lang="en">Currently stated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RestatedMember_lbl" xml:lang="en-US">Currently stated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RestatedMember_lbl" xml:lang="en">Currently stated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RestatedMember_lbl" xml:lang="en-US">Currently stated [member]</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetainedEarnings" xlink:label="ifrs-full_RetainedEarnings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en">Retained earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Retained earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en">Accumulated deficit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Accumulated deficit</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en">Retained earnings [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en">Retained Earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US">Retained Earnings</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl" xml:lang="en">Retrospective application and retrospective restatement [axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl" xml:lang="en-US">Retrospective application and retrospective restatement [axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl" xml:lang="en">Retrospective application and retrospective restatement [axis]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl" xml:lang="en-US">Retrospective application and retrospective restatement [axis]</link:label>
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  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueAndOperatingIncome" xlink:label="ifrs-full_RevenueAndOperatingIncome" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueAndOperatingIncome_lbl" xml:lang="en">Revenue and other operating income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueAndOperatingIncome_lbl" xml:lang="en-US">Revenue and other operating income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueAndOperatingIncome_lbl" xml:lang="en">Operating income/(loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueAndOperatingIncome_lbl" xml:lang="en-US">Operating income/(loss)</link:label>
  </link:labelLink>
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromInterest" xlink:label="ifrs-full_RevenueFromInterest" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromInterest" xlink:to="ifrs-full_RevenueFromInterest_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en">Interest income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Interest income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en">Interest income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Interest income</link:label>
  </link:labelLink>
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>8
<FILENAME>dht-20180930_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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<link rel="stylesheet" type="text/css" href="report.css">
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							function toggleNextSibling (e) {
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6707702256">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DocumentAndEntityInformationAbstract', window );"><strong>Document and Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">6-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Sep. 30,  2018<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2018<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">Q3<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">DHT HOLDINGS, INC.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001331284<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Large Accelerated Filer<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DocumentAndEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Document and Entity Information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DocumentAndEntityInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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</TEXT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6708495040">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsAbstract', window );"><strong>Current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 86,556<span></span>
</td>
<td class="nump">$ 77,292<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Accounts receivable and accrued revenues</a></td>
<td class="nump">40,998<span></span>
</td>
<td class="nump">42,212<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpenses', window );">Capitalized voyage expenses</a></td>
<td class="nump">1,414<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPrepaidExpenses', window );">Prepaid expenses</a></td>
<td class="nump">7,838<span></span>
</td>
<td class="nump">3,197<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="nump">132<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CurrentBunkersLubeOilsAndConsumables', window );">Bunkers, lube oils and consumables</a></td>
<td class="nump">29,251<span></span>
</td>
<td class="nump">23,675<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners', window );">Asset held for sale</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">20,762<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAssets', window );">Total current assets</a></td>
<td class="nump">166,189<span></span>
</td>
<td class="nump">167,137<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssetsAbstract', window );"><strong>Non-current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetBookValueOfVesselsAndTimeCharterContracts', window );">Vessels and time charter contracts</a></td>
<td class="nump">1,619,630<span></span>
</td>
<td class="nump">1,444,146<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AdvancesForVesselsUnderConstruction', window );">Advances for vessels under construction</a></td>
<td class="nump">26,799<span></span>
</td>
<td class="nump">114,759<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherPropertyPlantAndEquipment', window );">Other property, plant and equipment</a></td>
<td class="nump">376<span></span>
</td>
<td class="nump">464<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociates', window );">Investment in associated company</a></td>
<td class="nump">4,570<span></span>
</td>
<td class="nump">3,992<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialAssets', window );">Derivative financial instruments</a></td>
<td class="nump">516<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentAssets', window );">Total non-current assets</a></td>
<td class="nump">1,651,891<span></span>
</td>
<td class="nump">1,563,360<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">TOTAL ASSETS</a></td>
<td class="nump">1,818,081<span></span>
</td>
<td class="nump">1,730,497<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Accounts payable and accrued expenses</a></td>
<td class="nump">25,039<span></span>
</td>
<td class="nump">17,427<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentDerivativeFinancialLiabilities', window );">Derivative financial liabilities</a></td>
<td class="nump">33<span></span>
</td>
<td class="nump">545<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentPortionOfLongtermBorrowings', window );">Current portion long-term debt</a></td>
<td class="nump">68,134<span></span>
</td>
<td class="nump">65,053<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredIncomeClassifiedAsCurrent', window );">Deferred shipping revenues</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilities', window );">Total current liabilities</a></td>
<td class="nump">93,209<span></span>
</td>
<td class="nump">83,026<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilitiesAbstract', window );"><strong>Non-current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">866,941<span></span>
</td>
<td class="nump">721,151<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities', window );">Derivative financial liabilities</a></td>
<td class="nump">129<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentFinancialLiabilities', window );">Other non-current liabilities</a></td>
<td class="nump">414<span></span>
</td>
<td class="nump">428<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncurrentLiabilities', window );">Total non-current liabilities</a></td>
<td class="nump">867,484<span></span>
</td>
<td class="nump">721,579<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">TOTAL LIABILITIES</a></td>
<td class="nump">960,694<span></span>
</td>
<td class="nump">804,605<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Stockholders' Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CommonStockValue', window );">Stock</a></td>
<td class="nump">1,436<span></span>
</td>
<td class="nump">1,424<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalPaidinCapital', window );">Additional paid-in capital</a></td>
<td class="nump">1,148,761<span></span>
</td>
<td class="nump">1,140,794<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Accumulated deficit</a></td>
<td class="num">(294,346)<span></span>
</td>
<td class="num">(222,087)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfExchangeDifferencesOnTranslation', window );">Translation differences</a></td>
<td class="nump">22<span></span>
</td>
<td class="nump">85<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherReserves', window );">Other reserves</a></td>
<td class="nump">1,514<span></span>
</td>
<td class="nump">5,676<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total stockholders' equity</a></td>
<td class="nump">857,387<span></span>
</td>
<td class="nump">925,892<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</a></td>
<td class="nump">$ 1,818,081<span></span>
</td>
<td class="nump">$ 1,730,497<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AdvancesForVesselsUnderConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Advances for vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AdvancesForVesselsUnderConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CapitalizedVoyageExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Capitalized voyage expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CapitalizedVoyageExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CurrentBunkersLubeOilsAndConsumables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of bunkers, lube oils and consumables classified as current.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CurrentBunkersLubeOilsAndConsumables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_NetBookValueOfVesselsAndTimeCharterContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net book value of vessels and time charter contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_NetBookValueOfVesselsAndTimeCharterContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalPaidinCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount received or receivable from the issuance of the entity's shares in excess of nominal value and amounts received from other transactions involving the entity's stock or stockholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalPaidinCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity (a) expects to realise or intends to sell or consume in its normal operating cycle; (b) holds primarily for the purpose of trading; (c) expects to realise within twelve months after the reporting period; or (d) classifies as cash or cash equivalents (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners. [Refer: Current assets; Disposal groups classified as held for sale [member]; Non-current assets or disposal groups classified as held for sale; Non-current assets or disposal groups classified as held for distribution to owners]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial assets. [Refer: Derivative financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that: (a) the entity expects to settle in its normal operating cycle; (b) the entity holds primarily for the purpose of trading; (c) are due to be settled within twelve months after the reporting period; or (d) the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_iii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPortionOfLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPortionOfLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentPrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a current asset for expenditures made prior to the period when the economic benefit will be realised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentPrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredIncomeClassifiedAsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred income classified as current. [Refer: Deferred income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredIncomeClassifiedAsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInAssociates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in associates. [Refer: Associates [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInAssociates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that do not meet the definition of current assets. [Refer: Current assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial assets. [Refer: Derivative financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentDerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current derivative financial liabilities. [Refer: Derivative financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentDerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that do not meet the definition of current liabilities. [Refer: Current liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_iv&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 69<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_69&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial liabilities that the entity does not separately disclose in the same statement or note. [Refer: Other financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_c&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph m<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_m&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of property, plant and equipment that the entity does not separately disclose in the same statement or note. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_37&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherReserves">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing reserves within equity, not including retained earnings. [Refer: Retained earnings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherReserves</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfExchangeDifferencesOnTranslation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing exchange differences on translation of financial statements of foreign operations recognised in other comprehensive income and accumulated in equity. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2017-01-01<br> -Paragraph 52<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=21&amp;date=2017-03-01&amp;anchor=para_52_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfExchangeDifferencesOnTranslation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the entity's cumulative undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetainedEarnings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6709293808">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)<br> shares in Thousands, $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeStatementAbstract', window );"><strong>Profit or loss [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ShippingRevenues', window );">Shipping revenues</a></td>
<td class="nump">$ 90,177<span></span>
</td>
<td class="nump">$ 84,374<span></span>
</td>
<td class="nump">$ 237,322<span></span>
</td>
<td class="nump">$ 262,808<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_OperatingExpensesAbstract', window );"><strong>Operating expenses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VoyageExpenses', window );">Voyage expenses</a></td>
<td class="num">(41,983)<span></span>
</td>
<td class="num">(29,594)<span></span>
</td>
<td class="num">(108,502)<span></span>
</td>
<td class="num">(77,682)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VesselOperatingExpenses', window );">Vessel operating expenses</a></td>
<td class="num">(19,600)<span></span>
</td>
<td class="num">(19,544)<span></span>
</td>
<td class="num">(54,581)<span></span>
</td>
<td class="num">(50,952)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation and amortization</a></td>
<td class="num">(26,682)<span></span>
</td>
<td class="num">(26,468)<span></span>
</td>
<td class="num">(75,226)<span></span>
</td>
<td class="num">(70,341)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9', window );">Impairment charges</a></td>
<td class="num">(3,500)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(3,500)<span></span>
</td>
<td class="num">(7,487)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ProfitlossOnSaleOfVessels', window );">Profit/(loss), sale of vessel</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(46)<span></span>
</td>
<td class="num">(283)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdministrativeExpense', window );">General and administrative expense</a></td>
<td class="num">(3,445)<span></span>
</td>
<td class="num">(3,853)<span></span>
</td>
<td class="num">(12,383)<span></span>
</td>
<td class="num">(15,512)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OperatingExpense', window );">Total operating expenses</a></td>
<td class="num">(95,210)<span></span>
</td>
<td class="num">(79,460)<span></span>
</td>
<td class="num">(254,238)<span></span>
</td>
<td class="num">(222,259)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAndOperatingIncome', window );">Operating income/(loss)</a></td>
<td class="num">(5,033)<span></span>
</td>
<td class="nump">4,914<span></span>
</td>
<td class="num">(16,917)<span></span>
</td>
<td class="nump">40,550<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod', window );">Share of profit from associated companies</a></td>
<td class="nump">189<span></span>
</td>
<td class="nump">235<span></span>
</td>
<td class="nump">641<span></span>
</td>
<td class="nump">630<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromInterest', window );">Interest income</a></td>
<td class="nump">73<span></span>
</td>
<td class="nump">28<span></span>
</td>
<td class="nump">224<span></span>
</td>
<td class="nump">99<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest expense</a></td>
<td class="num">(13,300)<span></span>
</td>
<td class="num">(10,586)<span></span>
</td>
<td class="num">(39,427)<span></span>
</td>
<td class="num">(29,445)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsOnChangeInFairValueOfDerivatives', window );">Fair value gain/(loss) on derivative financial instruments</a></td>
<td class="nump">486<span></span>
</td>
<td class="nump">478<span></span>
</td>
<td class="nump">1,031<span></span>
</td>
<td class="nump">1,718<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherIncome', window );">Other financial income/(expenses)</a></td>
<td class="num">(3,850)<span></span>
</td>
<td class="num">(81)<span></span>
</td>
<td class="num">(4,365)<span></span>
</td>
<td class="nump">697<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Profit/(loss) before tax</a></td>
<td class="num">(21,435)<span></span>
</td>
<td class="num">(5,012)<span></span>
</td>
<td class="num">(58,812)<span></span>
</td>
<td class="nump">14,248<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxExpenseIncome', window );">Income tax expense</a></td>
<td class="num">(40)<span></span>
</td>
<td class="num">(55)<span></span>
</td>
<td class="num">(98)<span></span>
</td>
<td class="num">(133)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetIncomelossAfterTax', window );">Net income/(loss) after tax</a></td>
<td class="num">(21,475)<span></span>
</td>
<td class="num">(5,067)<span></span>
</td>
<td class="num">(58,910)<span></span>
</td>
<td class="nump">14,115<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Attributable to the owners of parent</a></td>
<td class="num">$ (21,475)<span></span>
</td>
<td class="num">$ (5,067)<span></span>
</td>
<td class="num">$ (58,910)<span></span>
</td>
<td class="nump">$ 14,115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic net income/(loss) per share</a></td>
<td class="num">$ (0.15)<span></span>
</td>
<td class="num">$ (0.04)<span></span>
</td>
<td class="num">$ (0.41)<span></span>
</td>
<td class="nump">$ 0.12<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted net income/(loss) per share</a></td>
<td class="num">$ (0.15)<span></span>
</td>
<td class="num">$ (0.04)<span></span>
</td>
<td class="num">$ (0.41)<span></span>
</td>
<td class="nump">$ 0.12<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageShares', window );">Weighted average number of shares (basic)</a></td>
<td class="nump">143,592,543<span></span>
</td>
<td class="nump">142,347,298<span></span>
</td>
<td class="nump">143,405,930<span></span>
</td>
<td class="nump">118,530,772<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustedWeightedAverageShares', window );">Weighted average number of shares (diluted)</a></td>
<td class="nump">143,602,884<span></span>
</td>
<td class="nump">142,347,298<span></span>
</td>
<td class="nump">143,408,748<span></span>
</td>
<td class="nump">118,530,772<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_NetIncomelossAfterTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses after tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_NetIncomelossAfterTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_OperatingExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the operating expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_OperatingExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ProfitlossOnSaleOfVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit(loss) from the sale of vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ProfitlossOnSaleOfVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ShippingRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of shipping revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ShippingRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_VesselOperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of vessel operating expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_VesselOperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_VoyageExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of voyage expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_VoyageExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustedWeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average number of ordinary shares outstanding plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustedWeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity classifies as being administrative.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_vi&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation and amortisation expense. Depreciation and amortisation are the systematic allocations of depreciable amounts of assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_d&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 104<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationAndAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsOnChangeInFairValueOfDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsOnChangeInFairValueOfDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss, impairment gain or reversal of impairment loss that is recognised in profit or loss in accordance with paragraph 5.5.8 of IFRS 9 and that arises from applying the impairment requirements in Section 5.5 of IFRS 9.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph ba<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_ba&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeStatementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeStatementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_f&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of all operating expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating income that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueAndOperatingIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of the entity's revenue and other operating income. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueAndOperatingIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income arising from interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b_iii&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_e&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6708562160">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAbstract', window );"><strong>Comprehensive income</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ProfitlossForThePeriod', window );">Profit/(loss) for the period</a></td>
<td class="num">$ (21,475)<span></span>
</td>
<td class="num">$ (5,067)<span></span>
</td>
<td class="num">$ (58,910)<span></span>
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<td class="nump">$ 14,115<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset', window );">Remeasurement of defined benefit obligation/(loss)</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract', window );"><strong>Items that may be reclassified to income statement:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation', window );">Exchange gain(loss) on translation of foreign currency denominated associate and subsidiary</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">38<span></span>
</td>
<td class="nump">63<span></span>
</td>
<td class="nump">141<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">38<span></span>
</td>
<td class="nump">63<span></span>
</td>
<td class="nump">141<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income for the period</a></td>
<td class="num">(21,467)<span></span>
</td>
<td class="num">(5,028)<span></span>
</td>
<td class="num">(58,847)<span></span>
</td>
<td class="nump">14,256<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent', window );">Attributable to the owners of parent</a></td>
<td class="num">$ (21,467)<span></span>
</td>
<td class="num">$ (5,028)<span></span>
</td>
<td class="num">$ (58,847)<span></span>
</td>
<td class="nump">$ 14,256<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ProfitlossForThePeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit/(loss) for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ProfitlossForThePeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to owners of the parent. [Refer: Comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_b_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from the remeasurement of that net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, related to exchange differences when financial statements of foreign operations are translated. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6707902592">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Cash flow from operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income/(loss)</a></td>
<td class="num">$ (21,475)<span></span>
</td>
<td class="num">$ (5,067)<span></span>
</td>
<td class="num">$ (58,910)<span></span>
</td>
<td class="nump">$ 14,115<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ItemsIncludedInNetIncomeNotAffectingCashFlows', window );">Items included in net income not affecting cash flows</a></td>
<td class="nump">35,278<span></span>
</td>
<td class="nump">28,432<span></span>
</td>
<td class="nump">92,502<span></span>
</td>
<td class="nump">84,190<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepreciationAndAmortisationExpense', window );">Depreciation</a></td>
<td class="nump">26,682<span></span>
</td>
<td class="nump">26,468<span></span>
</td>
<td class="nump">75,226<span></span>
</td>
<td class="nump">70,341<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss', window );">Impairment charges</a></td>
<td class="nump">3,500<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">3,500<span></span>
</td>
<td class="nump">7,487<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AmortizationOfDebtIssuanceCosts', window );">Amortization of debt issuance costs</a></td>
<td class="nump">1,878<span></span>
</td>
<td class="nump">1,773<span></span>
</td>
<td class="nump">9,549<span></span>
</td>
<td class="nump">5,415<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ProfitlossOnSaleOfVessels', window );">(Profit)/loss, sale of vessel</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">46<span></span>
</td>
<td class="nump">283<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsOnChangeInFairValueOfDerivatives', window );">Fair value (gain)/loss on derivative financial instruments</a></td>
<td class="num">(486)<span></span>
</td>
<td class="num">(478)<span></span>
</td>
<td class="num">(1,031)<span></span>
</td>
<td class="num">(1,718)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CompensationRelatedToOptionsAndRestrictedStock', window );">Compensation related to options and restricted stock</a></td>
<td class="nump">304<span></span>
</td>
<td class="nump">904<span></span>
</td>
<td class="nump">2,264<span></span>
</td>
<td class="nump">4,047<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_GainlossPurchaseOfConvertibleBonds', window );">(Gain)/loss purchase of convertible bond</a></td>
<td class="nump">3,589<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">3,589<span></span>
</td>
<td class="num">(1,035)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod', window );">Share of profit in associated companies</a></td>
<td class="num">(189)<span></span>
</td>
<td class="num">(235)<span></span>
</td>
<td class="num">(641)<span></span>
</td>
<td class="num">(630)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAdjustmentsForNoncashItems', window );">Income adjusted for non-cash items</a></td>
<td class="nump">13,803<span></span>
</td>
<td class="nump">23,365<span></span>
</td>
<td class="nump">33,592<span></span>
</td>
<td class="nump">98,305<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ChangesInOperatingAssetsAndLiabilities', window );">Changes in operating assets and liabilities</a></td>
<td class="num">(18,169)<span></span>
</td>
<td class="num">(5,812)<span></span>
</td>
<td class="num">(7,926)<span></span>
</td>
<td class="num">(3,888)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsReceivableAndAccruedRevenues', window );">Accounts receivable and accrued revenues</a></td>
<td class="num">(11,622)<span></span>
</td>
<td class="num">(701)<span></span>
</td>
<td class="num">(6,223)<span></span>
</td>
<td class="nump">3,259<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpensesCashFlow', window );">Capitalized voyage expenses</a></td>
<td class="nump">1,157<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">474<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PrepaidExpenses', window );">Prepaid expenses</a></td>
<td class="num">(2,320)<span></span>
</td>
<td class="nump">298<span></span>
</td>
<td class="num">(4,641)<span></span>
</td>
<td class="num">(194)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsPayableAndAccruedExpenses', window );">Accounts payable and accrued expenses</a></td>
<td class="num">(1,407)<span></span>
</td>
<td class="num">(2,966)<span></span>
</td>
<td class="nump">8,052<span></span>
</td>
<td class="nump">7,366<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DeferredShippingRevenues', window );">Deferred shipping revenues</a></td>
<td class="num">(1,352)<span></span>
</td>
<td class="nump">435<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="num">(1,325)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_BunkersLubeOilsAndConsumables', window );">Bunkers, lube oils and consumables</a></td>
<td class="num">(2,650)<span></span>
</td>
<td class="num">(2,878)<span></span>
</td>
<td class="num">(5,577)<span></span>
</td>
<td class="num">(12,993)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PensionLiability', window );">Pension liability</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(14)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetCashProvidedByOperatingActivities', window );">Net cash provided by/(used in) operating activities</a></td>
<td class="num">(4,367)<span></span>
</td>
<td class="nump">17,553<span></span>
</td>
<td class="nump">25,666<span></span>
</td>
<td class="nump">94,418<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>CASH FLOW FROM INVESTING ACTIVITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_InvestmentInVessels', window );">Investment in vessels</a></td>
<td class="num">(5)<span></span>
</td>
<td class="num">(5,864)<span></span>
</td>
<td class="num">(1,714)<span></span>
</td>
<td class="num">(165,688)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_InvestmentInVesselsUnderConstuction', window );">Investment in vessels under construction</a></td>
<td class="num">(58,673)<span></span>
</td>
<td class="num">(9,372)<span></span>
</td>
<td class="num">(165,233)<span></span>
</td>
<td class="num">(115,285)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Sale of vessels</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">20,715<span></span>
</td>
<td class="nump">66,669<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities', window );">Investment in property, plant and equipment</a></td>
<td class="nump">1<span></span>
</td>
<td class="num">(47)<span></span>
</td>
<td class="num">(84)<span></span>
</td>
<td class="num">(181)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(58,677)<span></span>
</td>
<td class="num">(15,282)<span></span>
</td>
<td class="num">(146,316)<span></span>
</td>
<td class="num">(214,485)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>CASH FLOW FROM FINANCING ACTIVITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Cash dividends paid</a></td>
<td class="num">(2,872)<span></span>
</td>
<td class="num">(2,847)<span></span>
</td>
<td class="num">(8,615)<span></span>
</td>
<td class="num">(20,481)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities', window );">Issuance of long-term debt</a></td>
<td class="nump">50,742<span></span>
</td>
<td class="num">(79)<span></span>
</td>
<td class="nump">522,732<span></span>
</td>
<td class="nump">200,457<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PurchaseOfConvertibleBonds', window );">Purchase of convertible bonds</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(17,104)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfConvertibleInstruments', window );">Issuance of convertible bonds</a></td>
<td class="nump">39,346<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">39,346<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_RepaymentOfLongtermBorrowings', window );">Scheduled repayment of long-term debt</a></td>
<td class="num">(14,543)<span></span>
</td>
<td class="num">(16,801)<span></span>
</td>
<td class="num">(36,951)<span></span>
</td>
<td class="num">(40,184)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_RepaymentOfLongtermBorrowingsRefinancing', window );">Repayment of long-term debt refinancing</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(377,935)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_RepaymentOfLongtermBorrowingsSaleOfVessels', window );">Repayment of long-term debt, sale of vessels</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(8,663)<span></span>
</td>
<td class="num">(25,367)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Net cash provided by/(used in) financing activities</a></td>
<td class="nump">72,673<span></span>
</td>
<td class="num">(19,727)<span></span>
</td>
<td class="nump">129,915<span></span>
</td>
<td class="nump">97,321<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents', window );">Net increase/(decrease) in cash and cash equivalents</a></td>
<td class="nump">9,630<span></span>
</td>
<td class="num">(17,456)<span></span>
</td>
<td class="nump">9,264<span></span>
</td>
<td class="num">(22,747)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at beginning of period</a></td>
<td class="nump">76,927<span></span>
</td>
<td class="nump">104,005<span></span>
</td>
<td class="nump">77,292<span></span>
</td>
<td class="nump">109,295<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and cash equivalents at end of period</a></td>
<td class="nump">86,556<span></span>
</td>
<td class="nump">86,549<span></span>
</td>
<td class="nump">86,556<span></span>
</td>
<td class="nump">86,549<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract', window );"><strong>Specification of items included in operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_InterestPaid', window );">Interest paid</a></td>
<td class="nump">13,253<span></span>
</td>
<td class="nump">9,227<span></span>
</td>
<td class="nump">29,246<span></span>
</td>
<td class="nump">24,315<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ProceedsFromInterestReceived', window );">Interest received</a></td>
<td class="nump">$ 73<span></span>
</td>
<td class="nump">$ 28<span></span>
</td>
<td class="nump">$ 224<span></span>
</td>
<td class="nump">$ 99<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AccountsPayableAndAccruedExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of accounts payable and accrued expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AccountsPayableAndAccruedExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AccountsReceivableAndAccruedRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of accounts receivable and accrued revenues</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AccountsReceivableAndAccruedRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AmortizationOfDebtIssuanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amortization of debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AmortizationOfDebtIssuanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_BunkersLubeOilsAndConsumables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of bunkers, lube oils and consumables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_BunkersLubeOilsAndConsumables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CapitalizedVoyageExpensesCashFlow">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flow associated with capitalized voyage expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CapitalizedVoyageExpensesCashFlow</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ChangesInOperatingAssetsAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in operating assets and liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ChangesInOperatingAssetsAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CompensationRelatedToOptionsAndRestrictedStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The compensation related to options and restricted stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CompensationRelatedToOptionsAndRestrictedStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DeferredShippingRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred shipping revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DeferredShippingRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_GainlossPurchaseOfConvertibleBonds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>(Gain)/loss purchase of convertible bonds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_GainlossPurchaseOfConvertibleBonds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_InterestPaid">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash paid for interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_InterestPaid</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_InvestmentInVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investment in vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_InvestmentInVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_InvestmentInVesselsUnderConstuction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment in vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_InvestmentInVesselsUnderConstuction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ItemsIncludedInNetIncomeNotAffectingCashFlows">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Items included in net income not affecting cash flows.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ItemsIncludedInNetIncomeNotAffectingCashFlows</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_NetCashProvidedByOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net cash provided by operating activities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_NetCashProvidedByOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PensionLiability">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Pension liability</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PensionLiability</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PrepaidExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of prepaid expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PrepaidExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ProceedsFromInterestReceived">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest received on loans and other debt instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ProceedsFromInterestReceived</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ProfitlossOnSaleOfVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit(loss) from the sale of vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ProfitlossOnSaleOfVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PurchaseOfConvertibleBonds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The inflows (outflows) of cash from the purchase of convertible bonds, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PurchaseOfConvertibleBonds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_RepaymentOfLongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle long-term borrowings, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_RepaymentOfLongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_RepaymentOfLongtermBorrowingsRefinancing">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle long-term borrowings refinancing, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_RepaymentOfLongtermBorrowingsRefinancing</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_RepaymentOfLongtermBorrowingsSaleOfVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to settle long-term borrowings, sale of vessels, classified as financing activities. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_RepaymentOfLongtermBorrowingsSaleOfVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The specification of items included in operating activities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_SpecificationOfItemsIncludedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Impairment loss (reversal of impairment loss) recognised in profit or loss]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepreciationAndAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of depreciation and amortisation expense. Depreciation and amortisation are the systematic allocations of depreciable amounts of assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_d&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 104<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepreciationAndAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid by the entity, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsOnChangeInFairValueOfDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsOnChangeInFairValueOfDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssueOfConvertibleInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The change in equity resulting from the issuing of convertible instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssueOfConvertibleInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAdjustmentsForNoncashItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for non-cash items to reconcile profit (loss) to net cash flow from (used in) operating activities that the entity does not separately disclose in the same statement or note. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAdjustmentsForNoncashItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from sales of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_16_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of long-term assets that the entity does not separately disclose in the same statement or note, classified as investing activities. [Refer: Assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the purchases of property, plant and equipment, classified as investing activities. [Refer: Property, plant and equipment]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_16_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6707878928">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (SUMMARY OF CHANGES) (UNAUDITED) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Shares</div></th>
<th class="th"><div>Common Stock</div></th>
<th class="th"><div>Paid-in Additional Capital</div></th>
<th class="th"><div>Retained Earnings</div></th>
<th class="th"><div>Translation Differences</div></th>
<th class="th"><div>Other Reserves</div></th>
<th class="th"><div>Total Equity</div></th>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at beginning of period at Dec. 31, 2016</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 93,433,804<span></span>
</td>
<td class="nump">$ 934<span></span>
</td>
<td class="nump">$ 881,097<span></span>
</td>
<td class="num">$ (205,195)<span></span>
</td>
<td class="num">$ (108)<span></span>
</td>
<td class="nump">$ 8,283<span></span>
</td>
<td class="nump">$ 685,011<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetIncomelossAfterTax', window );">Net income/(loss) after tax</a></td>
<td class="nump">$ 14,115<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,115<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income</a></td>
<td class="nump">141<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">141<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">141<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income</a></td>
<td class="nump">14,256<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,115<span></span>
</td>
<td class="nump">141<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,256<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Cash dividends declared and paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(20,481)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(20,481)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfConvertibleInstruments', window );">Issuance of convertible bonds</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issuance of stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">47,724,395<span></span>
</td>
<td class="nump">477<span></span>
</td>
<td class="nump">254,546<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">255,024<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PurchaseOfConvertibleBonds', window );">Purchase of convertible bonds</a></td>
<td class="num">(17,104)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,213)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,213)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment', window );">Compensation related to options and restricted stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,189,099<span></span>
</td>
<td class="nump">12<span></span>
</td>
<td class="nump">7,173<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,138)<span></span>
</td>
<td class="nump">4,047<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at end of period at Sep. 30, 2017</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">142,347,298<span></span>
</td>
<td class="nump">1,423<span></span>
</td>
<td class="nump">1,140,604<span></span>
</td>
<td class="num">(211,560)<span></span>
</td>
<td class="nump">33<span></span>
</td>
<td class="nump">5,145<span></span>
</td>
<td class="nump">935,645<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at beginning of period (Restated [member]) at Dec. 31, 2017</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">142,417,407<span></span>
</td>
<td class="nump">1,424<span></span>
</td>
<td class="nump">1,140,794<span></span>
</td>
<td class="num">(226,821)<span></span>
</td>
<td class="nump">85<span></span>
</td>
<td class="nump">5,676<span></span>
</td>
<td class="nump">921,158<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at beginning of period (Previously stated [member]) at Dec. 31, 2017</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">142,417,407<span></span>
</td>
<td class="nump">1,424<span></span>
</td>
<td class="nump">1,140,794<span></span>
</td>
<td class="num">(222,087)<span></span>
</td>
<td class="nump">85<span></span>
</td>
<td class="nump">5,676<span></span>
</td>
<td class="nump">925,892<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at beginning of period (Increase (decrease) due to changes in accounting policy required by IFRSs [member]) at Dec. 31, 2017</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,734)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,734)<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at beginning of period at Dec. 31, 2017</a></td>
<td class="nump">925,892<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetIncomelossAfterTax', window );">Net income/(loss) after tax</a></td>
<td class="num">(58,910)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(58,910)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(58,910)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive income</a></td>
<td class="nump">63<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(63)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(63)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income</a></td>
<td class="num">(58,847)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(58,910)<span></span>
</td>
<td class="num">(63)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(58,974)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaid', window );">Cash dividends declared and paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,615)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,615)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfConvertibleInstruments', window );">Issuance of convertible bonds</a></td>
<td class="nump">39,346<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,165<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,165<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PurchaseOfConvertibleBonds', window );">Purchase of convertible bonds</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,613)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,613)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment', window );">Compensation related to options and restricted stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,175,136<span></span>
</td>
<td class="nump">12<span></span>
</td>
<td class="nump">6,414<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,161)<span></span>
</td>
<td class="nump">2,264<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance at end of period at Sep. 30, 2018</a></td>
<td class="nump">$ 857,387<span></span>
</td>
<td class="nump">$ 143,592,543<span></span>
</td>
<td class="nump">$ 1,436<span></span>
</td>
<td class="nump">$ 1,148,761<span></span>
</td>
<td class="num">$ (294,346)<span></span>
</td>
<td class="nump">$ 22<span></span>
</td>
<td class="nump">$ 1,514<span></span>
</td>
<td class="nump">$ 857,387<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_NetIncomelossAfterTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses after tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_NetIncomelossAfterTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PurchaseOfConvertibleBonds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The inflows (outflows) of cash from the purchase of convertible bonds, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PurchaseOfConvertibleBonds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 107<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_107&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The change in equity resulting from the issuing of convertible instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssueOfConvertibleInstruments</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity through the issue of equity instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of share-based payments. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6706996272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>General information<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_GeneralInformationAbstract', window );"><strong>General information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 1 - General information</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">DHT Holdings, Inc. (&#8220;DHT&#8221; or the &#8220;Company&#8221;) is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company&#39;s principal executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The Company is engaged in the ownership and operation of a fleet of crude oil carriers.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">The financial statements were approved by the Company&#39;s Board of Directors (the &#8220;Board&#8221;) on <font style="font-family:Arial;font-size:10pt;">November 1,</font> 2018 and authorized for issue on <font style="font-family:Arial;font-size:10pt;">November 1</font>, 2018.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of General Company information</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6604780704">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>General accounting principles<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_SignificantAccountingPrinciplesAbstract', window );"><strong>General accounting principles [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory', window );">General accounting principles</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 2 - General accounting principles</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">The condensed consolidated interim financial statements do not include all information and disclosure required in the annual financial statements and should be read in conjunction with DHT&#39;s audited consolidated financial statements included in its Annual Report on Form 20-F for 2017. Our interim results are not necessarily indicative of our results for the entire year or for any future periods.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">The interim condensed financial statements have been prepared in accordance with IAS 34 &#8220;Interim Financial Reporting&#8221; as issued by the International Accounting Standards Board (&#8220;IASB&#8221;).</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">The interim condensed financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. The accounting policies that have been followed in these interim condensed financial statements are the same as presented in the 2017 audited consolidated financial statements.</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">&#160;</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">These interim condensed consolidated financial statements have been prepared on a going concern basis.</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">&#160;</div> <div style="color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;"><u>Application of new and revised International Financial Reporting Standards (&#8220;IFRSs&#8221;)</u></div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">New and revised IFRSs, and interpretations mandatory for the first time for the financial year beginning January 1, 2018 are listed below. With the exception of IFRS 15, the adoption did not have any effect on the financial statements:</div> <div style="font-family:Arial;line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">IFRS 9 Financial Instruments</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">IFRS 15 Revenue from Contracts with Customers</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Amendments to IFRS 2 Classification and Measurement of Share-based Payment Transactions</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Annual Improvements to IFRS Standards 2014-2016 Cycle</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">IFRIC 22 Foreign Currency Transactions and Advance Consideration</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;</div> <div style="color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:left;"><u>Adoption of IFRS 15 Revenue from Contracts with Customers</u></div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">Effective from January 1, 2018, we adopted the new accounting standard IFRS 15 <font style="font-family:Arial;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font> using the modified retrospective method. We recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening balance of accumulated deficit. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">For vessels operating on spot charters, voyage revenues are, under the new revenue standard, recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port if they qualify as fulfillment costs under IFRS 15. To recognize costs incurred to fulfil a contract as an asset, the following criteria shall be met: (i) the costs relate directly to the contract, (ii) the costs generate or enhance resources of the entity that will be used in satisfying performance obligations in the future and (iii) the costs are expected to be recovered. 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solid;vertical-align:bottom;width:17.18%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">December 31, 2017</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.16%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">due to IFRS 15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:17.18%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">January 1, 2018</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;">ASSETS</div> </td> <td 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style="background-color:#ffffff;vertical-align:middle;width:17.16%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accounts payable and accrued expenses</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">25,039</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.16%;"> <div 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style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accumulated deficit</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(294,346)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.16%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">3,426</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px 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style="background-color:#244062;vertical-align:bottom;width:12.32%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Balance</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">without</div> </td> <td style="background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:10.05%;">&#160;</td> <td style="background-color:#244062;vertical-align:bottom;width:10.37%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Adjustments</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.38%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Balance</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">without</div> </td> </tr> 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style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">&#160;</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.64%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Adjustments</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.4%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Balance without</div> </td> </tr> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:9.23%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">As reported</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:11.45%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Adjustments</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">due to IFRS 15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">adoption of</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">&#160;IFRS 15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.14%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">As reported</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.64%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">due to IFRS</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">adoption of</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">IFRS 15</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Net income / (loss)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(21,475)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,267)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(22,742)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(58,910)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,308)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(60,218)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accounts receivable and accrued revenues</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(11,622)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">2,407</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(9,215)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(6,223)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">1,981</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(4,242)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Capitalized voyage expenses</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">1,157</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,157)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(0)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">474</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(474)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">0</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accounts payable and accrued expenses</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,407)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">17</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,391)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">8,052</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(199)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">7,853</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Net cash provided by/(used in) operating activities</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(4,367)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">-</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(4,367)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">25,666</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">-</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">25,666</div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port and amortized between load port and discharge port. The closing balance of assets recognized from the costs to obtain or fulfil a contract was $1.4 million as per September 30, 2018. During third quarter of 2018, $1.8 million was amortized and no impairment losses were recognized in the period.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">IFRS 15 requires disclosure on the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period and an explanation of when an entity expects to recognize these amounts as revenue. We have applied the practical expedient related to performance obligation with reference to IFRS 15:121 (a), as the original expected duration of the underlying contract is one year or less. Consequently, no disclosure is presented in the notes to the interim condensed consolidated financial statements.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">According to IFRS 15:114 an entity shall disaggregate revenue recognized from contracts with customers into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. DHT&#39;s business is to operate a fleet of crude oil tankers and management has organized the entity as one segment based upon on the service provided. Consequently, the Company does not disaggregate revenue recognized from contracts with customers.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of Significant Accounting Principles</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for significant accounting policies applied by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6704380880">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment reporting<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsAbstract', window );"><strong>Segment reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory', window );">Segment reporting</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 3 - Segment reporting</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">Since DHT&#39;s business is limited to operating a fleet of crude oil tankers, management has organized the entity as one segment based upon the service provided. Consequently, the Company has one operating segment as defined in IFRS 8, Operating Segments.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">As of September 30, 2018, the Company had 28 vessels in operation; 7 vessels were on time charters and 21 vessels operating in the spot market.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:left;"><u>Information about major customers:</u></div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">For the period from July 1, 2018 to September 30, 2018 five customers represented $18.6 million, $8.4 million, $6.4 million, $5.5 million and $5.3 million, respectively, of the Company&#39;s revenues. The five customers in aggregate represented $44.2 million of the total revenue of $90.2 million for the period from July 1, 2018 to September 30, 2018.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">For the period from January 1, 2018 to September 30, 2018 five customers represented $42.1 million, $27.8 million, $14.9 million, $13.1 million and $12.9 million, respectively, of the Company&#39;s revenues. The five customers in aggregate represented $110.8 million of the total revenue of $237.3 million for the period from January 1, 2018 to September 30, 2018.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">For the period from July 1, 2017 to September 30, 2017 five customers represented $11.3 million, $10.9 million, $9.8 million, $7.3 million and $7.2 million, respectively, of the Company&#39;s revenues. The five customers in aggregate represented $46.5 million of the total revenue of $84.4 million for the period from July 1, 2017 to September 30, 2017.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">For the period from January 1, 2017 to September 30, 2017 five customers represented $37.1 million, $26.8 million, $24.5 million, $19.2 million and $16.6 million, respectively, of the Company&#39;s revenues. The five customers in aggregate represented $124.2 million of the total revenue of $262.8 million for the period from January 1, 2017 to September 30, 2017.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for operating segments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6617501872">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Interest bearing debt<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract', window );"><strong>Interest bearing debt [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory', window );">Interest bearing debt</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 4 - Interest bearing debt</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;"><font style="color:#000000;font-family:Arial;font-size:10pt;">As of September 30, 2018, DHT had interest bearing debt totaling $935.1 million (including the </font>$157.9 million convertible senior notes)<font style="color:#000000;font-family:Arial;font-size:10pt;">.</font></div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Scheduled debt repayments (USD thousands) and margin above Libor</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr style="height:22px;"> <td style="background-color:#244062;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">Margin</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Q4</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> </tr> <tr style="height:15px;"> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">$ in thousands</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">above Libor</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">2018</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">2019</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">2020</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">2021</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Thereafter</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Total</div> </td> </tr> <tr style="height:14px;"> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">ABN Amro Credit Facility</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">2.40%</div> </td> <td style="text-align:right;vertical-align:middle;width:7.82%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">7,702</div> </td> <td style="text-align:right;vertical-align:middle;width:9.89%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">30,808</div> </td> <td style="text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">30,808</div> </td> <td style="text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">30,808</div> </td> <td style="text-align:right;vertical-align:middle;width:9.43%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">325,815</div> </td> <td style="border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">425,941</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Credit Agricole Credit Facility</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">2.19%</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">1,649</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">6,597</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">6,597</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">6,597</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">42,925</div> </td> <td style="border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">64,367</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Danish Ship Finance Credit Facility</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">2.25%</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">1,300</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">2,600</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">39,000</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">42,900</div> </td> </tr> <tr style="height:20px;"> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Nordea/DNB Credit Facility</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">2.75%</div> </td> <td style="text-align:right;vertical-align:middle;width:7.82%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">434</div> </td> <td style="text-align:right;vertical-align:middle;width:9.89%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">8,251</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">8,685</div> </td> </tr> <tr style="height:19px;"> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Nordea BW VLCC Acquisition Credit Facility</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">2.40%</div> </td> <td style="text-align:right;vertical-align:middle;width:7.82%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">5,400</div> </td> <td style="text-align:right;vertical-align:middle;width:9.89%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">21,600</div> </td> <td style="text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">21,600</div> </td> <td style="text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">21,600</div> </td> <td style="text-align:right;vertical-align:middle;width:9.43%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">188,683</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">258,883</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">ABN Amro Revolving Credit Facility *</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">2.50%</div> </td> <td style="text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:9.89%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;">&#160;</td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Convertible Senior Notes</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">32,860</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">125,000</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">157,860</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div 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style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">98,005</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">184,005</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">557,423</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">958,635</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Unamortized upfront fees bank loans</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">(8,366)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Difference amortized cost/notional amount convertible note</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:9.89%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">(15,194)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">Total interest bearing debt</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">935,075</div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">*$55.5 mill. available as of September 30, 2018.&#160; Quarterly reduction of $1.8 million.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;"><u>Refinancing</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">In April we entered into a $484 million secured credit facility agreement for the refinancing of 13 of the Company&#39;s VLCCs. The following credit facilities were refinanced: Nordea Samco Credit Facility (DHT Sundarbans, DHT Taiga, DHT Redwood, DHT Hawk, DHT China, DHT Falcon and DHT Condor) $215.2 million, Nordea/DNB Credit Facility (DHT Leopard) $44.4 million, ABN Amro Credit Facility (DHT Lion, DHT Panther and DHT Puma) $118.4 million and the undrawn DNB/Nordea Credit Facility (DHT Bronco and DHT Mustang) $82.5 million. We also entered into an agreement with ABN Amro to increase the Company&#39;s revolving credit facility to $57.3 million from the current availability of $43.4 million. Both credit facilities are described below.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;"><u>ABN Amro Credit Facility</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">In April 2018 we entered into a credit facility with ABN Amro, Nordea, Credit Agricole, DNB, ING, Danish Ship Finance, SEB, DVB and Swedbank as lenders and DHT Holdings, Inc. as guarantor for the financing of eleven VLCCs and two newbuildings. Borrowings bear interest at a rate equal to Libor + 2.40% and the loan is repayable in quarterly installments of $7.7 million through Q2 2024 and a final payment of $248.8 with the last installment. When the facility is fully drawn, the quarterly installments will be $8.3 million with a final payment of $286.1 million in the second quarter of 2024.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;">Value <font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">adjusted* tangible net worth of $300 million</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;">* Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#39;s vessels (as determined quarterly by an approved broker).</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;"><u>Credit Agricole Credit Facility</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;"><font style="color:#000000;font-family:Arial;font-size:10pt;">In June 2015 Samco Gamma Ltd and DHT Tiger Limited entered into a credit agreement with Credit Agricole for the financing of the Samco Scandinavia and the newbuilding DHT Tiger that was delivered in January 2017.&#160; In June 2016 we made a voluntary prepayment of $5.0 million and the financing of the Samco Scandinavia is repayable with 30 quarterly installments of $0.97 million each. The $48.7 million financing of DHT Tiger was drawn in 2016 in advance of the delivery of the DHT Tiger which took place in January 2017 and is </font>repayable in quarterly installments of $0.7 million with a final payment of $29.7 in December 2023<font style="color:#000000;font-family:Arial;font-size:10pt;">.&#160; The loan bears interest at Libor plus a margin of 2.1875%.&#160; </font>The credit agreement is guaranteed by DHT and contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;">Value <font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">adjusted* tangible net worth of $200 million</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Unencumbered consolidated cash of at least the higher of (i) $20 million and (ii) 6% of our gross interest bearing debt</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">*</font> Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#39;s vessels (as determined quarterly by an approved broker).</div> <div style="line-height:11.4pt;">&#160;</div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;"><u>Danish Ship Finance Credit Facility</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;"><font style="font-family:Arial;font-size:10pt;font-style:normal;font-variant:normal;font-weight:normal;">In </font>November 2014 we entered into a credit facility totaling $49.4 million with Danish Ship Finance (&#8220;DSF&#8221;) as lender and DHT Holdings, Inc. as guarantor for the financing of the VLCC newbuilding DHT Jaguar delivered in Q4 2015.&#160; The full amount of the credit facility was drawn in November 2015.&#160; Borrowings bear interest at a rate equal to Libor + 2.25% and are repayable in 10 semiannual installments of $1.3 million each from May 2016 to November 2020 and a final payment of $36.4 million in November 2020. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessel that secure the credit facility be no less than 130% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;">Value <font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">adjusted* tangible net worth of $300 million</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">*</font> Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#39;s vessels (as determined quarterly by an approved broker).</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;"><u>Nordea/DNB Credit Facility</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">In October 2015 we entered into a credit facility totaling $50.0 million with Nordea and DNB as lenders and DHT Holdings, Inc. as guarantor for the financing of the VLCC newbuilding DHT Leopard delivered in Q1 2016.&#160; The full amount of the credit facility was drawn on December 29, 2015 in advance of the delivery of the DHT Leopard on January 4, 2016.&#160; Borrowings bear interest at a rate equal to Libor + 2.25% and are repayable in 20 quarterly installments of $0.625 million from March 2016 to December 2020 and a final payment of $37.5 million in December 2020. In April 2018, DHT Leopard was refinanced as part of the ABN Amro Credit Facility. In September 2016, the four vessels financed by RBS (DHT Ann, DHT Chris, DHT Cathy and DHT Sophie) were included in the credit facility as a separate tranche totaling $40.0 million.&#160; Borrowings under the $40.0 million tranche bear interest at a rate equal to Libor + 2.75% and are repayable in 11 quarterly installments of $2.1 million from December 2016 to June 2019 and a final payment of $17.3 million in August 2019.&#160; Subsequent to the sale of DHT Chris which was delivered to the buyers in January 2017 and the sale of the DHT Ann which was delivered to the buyers in May 2017, the separate tranche is repayable in quarterly installments of $0.4 million and a final payment of $6.9 million in August 2019. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings.&#160; Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;">Value <font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">adjusted* tangible net worth of $300 million</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">*</font> Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#39;s vessels (as determined quarterly by an approved broker).</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;"><u>Nordea BW VLCC Acquisition Credit Facility</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">$204 million of the $300 million credit facility was borrowed during the second quarter of 2017 in connection with delivery of the nine VLCCs in water from BW.&#160; The final $96 million was borrowed in connection with the delivery of the two VLCC newbuildings from DSME in the second quarter of 2018.&#160; The credit facility is guaranteed by DHT Holdings, Inc., borrowings bear interest at a rate equal to Libor + 2.40%. Subsequent to the sale of the DHT Utah and DHT Utik and the delivery of DHT Stallion and DHT Colt, the current outstanding is repayable in quarterly installments of $5.4 million with a final payment of $156.3 million in the second quarter of 2023.&#160; The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings.&#160; Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;">Value <font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">adjusted* tangible net worth of $300 million</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">*</font> Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#39;s vessels (as determined quarterly by an approved broker).</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">In September 2018 we secured commitment to a $50 million scrubber financing structured through an increase of the existing $300 million secured credit facility entered into in the second quarter of 2017. The increased facility will bear the same interest rate equal to Libor + 2.40%. The increased facility is available, but currently undrawn, and will have quarterly repayments of $2.5 million commencing second quarter 2020. Other terms and conditions remain unchanged.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;"><u>ABN Amro Revolving Credit Facility</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">In November 2016, we entered into a secured five year revolving credit facility with ABN Amro totaling $50.0 million to be used for general corporate purposes, including security repurchases and the acquisition of ships. The financing bears interest at a rate equal to Libor + 2.50%.&#160; In April 2018, we entered into an agreement with ABN Amro to increase the revolving credit facility to $57.3 million with a quarterly reduction of $1.8 million starting July 31, 2018. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;">Value <font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">adjusted* tangible net worth of $300 million</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="width:20.6pt;"></td> <td style="align:right;font-family:Arial;font-size:10pt;vertical-align:top;width:18pt;">&#9679;</td> <td style="text-align:justify;vertical-align:top;width:auto;"> <div style="font-family:Arial;font-size:10pt;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt</font></div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">*</font>Value adjusted defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company&#39;s vessels (as determined quarterly by an approved broker).</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;"><u>Convertible Senior Notes</u></div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;"><font style="color:#000000;font-family:Arial;font-size:10pt;">During the second quarter of 2017 we </font>repurchased $12.2 million of the convertible senior notes in the open market at a price of 98.4% of par. <font style="color:#000000;font-family:Arial;font-size:10pt;">During the first quarter of 2017 we </font>repurchased $5.0 million of the convertible senior notes in the open market at a price of 100.4% of par. <font style="color:#000000;font-family:Arial;font-size:10pt;">During the fourth quarter of 2016 we </font>repurchased $23.0 million of the convertible senior notes in the open market at an average price of 90.4% of par.<font style="color:#000000;font-family:Arial;font-size:10pt;">&#160; In February 2016 we </font>repurchased $3.0 million of the convertible senior notes in the open market at a price of 99% of par and in April 2016 <font style="color:#000000;font-family:Arial;font-size:10pt;">we </font>repurchased $1.0 million of the convertible senior notes in the open market at a price of 99% of par<font style="color:#000000;font-family:Arial;font-size:10pt;">. In August 2018, approximately $73.0 million of the 2019 Notes were exchanged for approximately $80.3 million of the 2021 Notes. The repurchased convertible senior notes have been cancelled and the current outstanding of the 2019 Notes is $32.9 million and the current outstanding of the 2021 Notes is $125.0 million.</font></div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;"><u>Interest rate swaps</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">As of September 30, 2018, DHT has 8 amortizing interest rate swaps totaling $355.7 million with maturity ranging from the second quarter 2023 to the third quarter 2023. The average fixed interest rate is 2.97%. As of September 30, 2018, the fair value of the derivative financial asset related to the swaps amounted to $0.6 million and the fair value of the derivative financial liability related to the swaps amounted to $0.2 million. A 9<sup style="font-size:smaller;line-height:1;vertical-align:text-top;">th</sup> swap equaling $51.4 million has been committed in connection with the delivery of DHT Mustang in October 2018.</div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">&#160;</div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:justify;"><u>Covenant compliance</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">As of the date of our most recent compliance certificates submitted to the banks, we are in compliance with our financial covenants.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div><span></span>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6704397472">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Vessels<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DisclosureOfVesselsTextBlock', window );">Vessels</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 5 - Vessels</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">The carrying values of our vessels may not represent their fair market value at any point in time since the market prices of second-hand vessels tend to fluctuate with changes in charter rates and the cost of constructing new vessels. Historically, both charter rates and vessel values have been cyclical. The carrying amounts of vessels held and used by us are reviewed for potential impairment or reversal of prior impairment charges whenever events or changes in circumstances indicate that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel. The Company is of the view that there were no events or changes in circumstances indicating that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel as of September 30, 2018. However, with regards to the DHT Cathy and DHT Sophie which we have entered into agreement to sell, we have recorded an impairment charge of $3.5 million in the third quarter of 2018 (see Note 10 for further details).</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">&#160;</div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Cost of Vessels</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">1,810,158</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Additions</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">1,714</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Transferred from vessels under construction</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">252,323</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Retirement **</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">(1,244)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">At September 30, 2018</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;">2,062,951</div> </td> </tr> <tr> <td style="background-color:#ffffff;vertical-align:top;width:80.91%;">&#160;</td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Depreciation, impairment and amortization*</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td 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style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">3,500</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Retirement **</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">(1,244)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">At September 30, 2018</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;">443,321</div> </td> </tr> <tr> <td style="background-color:#ffffff;vertical-align:top;width:80.91%;">&#160;</td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Carrying Amount</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr style="height:14px;"> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr style="height:16px;"> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">1,444,146</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">At September 30, 2018</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;">1,619,630</div> </td> </tr> <tr> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:top;width:80.91%;">&#160;</td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="border-bottom-style:none;border-top:0px;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">*Accumulated numbers</div> </td> <td style="border-bottom-style:none;border-top:0px;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="border-bottom-style:none;border-top:0px;vertical-align:top;width:80.91%;">**Relates to completed depreciation of drydocking for DHT Sophie.</td> <td style="border-bottom-style:none;border-top:0px;vertical-align:top;width:19.09%;">&#160;</td> </tr> </table> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">&#160;</div> <div style="line-height:11.4pt;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;"><u>Vessels under construction</u></font></div> <div style="font-family:Arial;font-size:10pt;text-align:justify;">We entered into agreements with HHI for the construction of two VLCCs, of which the first was delivered in July 2018, with a contract price of $79.9 million each (excluding scrubbers). The company has added scrubbers at the cost of $2.5 million per ship.&#160; As of September 30, 2018 we have paid pre-delivery installments totaling $24.7 million for the remaining newbuilding to be delivered in Q4 2018. Borrowing costs are capitalized as part of vessels under construction.</div> <div>&#160;</div> </div> <div> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244062;vertical-align:bottom;width:71.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">Cost of vessels under construction</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:28.66%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#244062;vertical-align:bottom;width:71.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:28.66%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;">114,759</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Additions</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;">164,364</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Transferred to vessels</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;">(252,323)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">At September 30, 2018</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:right;">26,799</div> </td> </tr> <tr> <td style="vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">&#160;</div> </td> <td style="vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#244062;vertical-align:bottom;width:71.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">Carrying Amount</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:28.66%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#244062;vertical-align:bottom;width:71.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:28.66%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;">114,759</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">At September 30, 2018</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:right;">26,799</div> </td> </tr> </table> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:justify;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;"></font>&#160;</div> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:justify;"><font style="background-color:#ffffff;font-family:Arial;font-size:10pt;">The following table is a timeline of future expected payments and dates relating to vessels under construction as of September 30, 2018:</font></div> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:justify;">&#160;</div> <div> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:56.33%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">Vessels under construction</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;">September 30, 2018</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;">January 1, 2018</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:56.33%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Not later than one year</div> </td> <td style="vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">57,647</div> </td> <td style="vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">218,565</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:56.33%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Later than one year and not later than three years</div> </td> <td style="vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">-</div> </td> <td style="vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">-</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;vertical-align:bottom;width:56.33%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Later than three years and not later than five years</div> </td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">-</div> </td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">-</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:56.33%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">Total</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;">57,647</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;">218,565</div> </td> </tr> </table> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">The newbuilding is financed as a part of the ABN Amro Credit Facility and remaining commitment was financed with cash at hand. Reference is made to note 10 - Subsequent events.<br style="line-height:11.4pt;" /> <br style="line-height:11.4pt;" /> </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Vessels text block.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of information regarding Vessels.</p></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6704395408">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Equity and Convertible Bond Offerings<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_EquityAndConvertibleBondOfferingsTextBlock', window );">Equity and Convertible Bond Offerings</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 6 - Equity and Convertible Bond Offerings</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;margin-right:2.2pt;text-align:left;"><u>Convertible Senior Note Offering</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">On September 16, 2014 we completed a private placement of $150 million aggregate principal amount of convertible senior notes due 2019 (the &#8220;2019 Notes&#8221;). DHT will pay interest at a fixed rate of 4.5% per annum, payable semiannually in arrears. Net proceeds to DHT were approximately $145.9 million after the payment of placement agent fees. The value of the conversion right has been estimated to $21.8 million; hence $21.8 million of the aggregate principal amount of $150.0 million was classified as equity. The Notes will be convertible into common stock of DHT at any time after placement until one business day prior to their maturity. The initial conversion price was $8.125 per share of common stock (equivalent to 18,461,538 shares of common stock), and is subject to customary anti-dilution adjustments. As a result of the cumulative effect of previously announced cash dividends, the conversion price was adjusted to $6.2599 effective May 18, 2018. Based on the adjusted conversion price and after adjusting for the repurchase of $44.2 million of the convertible senior notes in the open market at an average price of 94.5% of par, and the private exchange August 2018, the total number of shares to be issued would be 5,249,285.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">In August 2018 we completed a privately negotiated exchange agreement with certain holders of the outstanding 4.5% Convertible Senior Notes due 2019 to exchange approximately $73.0 million aggregate principal amount of the existing notes for approximately $80.3 million aggregate principal amount of the Company&#39;s new 4.5% Convertible Senior Notes due 2021. In addition, a private placement of approximately $44.7 million aggregate principal amount of the Company&#39;s new 4.5% Convertible Senior Notes due 2021 for gross proceeds of approximately $41.6 million. Net proceeds to DHT were approximately $39.0 million after the payment of placement agent fees.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">Following closing of the private exchange and the private placement, there are $125 million aggregate principal amount of convertible senior notes due 2021 (the &#8220;2021 Notes&#8221;) and approximately $32.9 million aggregate principal amount of the 2019 Notes outstanding. The 2021 Notes will bear interest at a rate of 4.5% per annum on the principal amount accruing from August 21, 2018. Interest will be payable semiannually in arrears on February 15 and August 15 each year, beginning on February 2019. Interest is computed on the basis of 360-day year comprised of twelve 30-days months. The initial conversion price was $6.2599 per share of common stock (equivalent to an initial conversion rate of 159.7470 shares of common stock per $1,000 aggregate principal amount of 2021 Notes) and is subject to customary anti-dilution adjustments. The 2021 Notes will mature on August 15, 2021, unless earlier converted, redeemed or repurchased in accordance with their terms.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">We have concluded that the adjustment of the conversion rate upon the payment of cash dividends does not result in an accounting entry as the liability and equity components of the instrument are not re-measured as a result of the cash dividend. This is based on the fact that we have determined that the Notes are non-derivative financial instruments that contain both liability and equity components. The financial liability is the contractual obligation to make interest and principal payments and the equity component is the right of the holders of the Notes to convert the Notes into a fixed number of the Company&#39;s common shares. In accordance with IAS 32, the liability component was measured first and is recorded at its amortized cost over the life of the instrument. The equity component was assigned the residual amount after deducting the amount separately determined for the liability component. The equity component was recorded as part of additional paid-in capital and is never re-measured.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">The determination that the conversion feature is an equity instrument (rather than a derivative liability accounted for under IAS 39) was made on the basis that there is no variability in the number of equity instruments delivered upon conversion (i.e. the exchange meets the &#8220;fixed for fixed&#8221; requirements set forth under IAS 32). In making the determination, the Company considered that the Notes contain a mechanism whereby the conversion rate of the Notes is adjusted for cash dividends paid by the Company. Although this adjustment results in variability in the number of common shares delivered, the fact that this variability serves to maintain the relative economic rights of the holders of the Notes results in no violation of the &#8220;fixed for fixed&#8221; requirement.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Equity and Convertible Bond Offerings Abstract.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for Equity and Convertible Bond Offerings.</p></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6606125472">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stockholders equity and dividend payment<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_EquityAndDividendsAbstract', window );"><strong>Stockholders equity and dividend payment [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DisclosureOfEquityandDividendsExplanatoryTextBlock', window );">Stockholders equity and dividend payment</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 7 - Stockholders equity and dividend payment</div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">&#160;</div> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;"><u>Stockholders equity</u></div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;</div> <div> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244061;border-bottom:#000000 2px solid;font-weight:bold;vertical-align:bottom;width:53.75%;"> <div 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style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">6,562,001</div> </td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Shares to be issued assuming conversion of</div> </td> <td style="vertical-align:middle;width:18.34%;">&#160;</td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;&#160;&#160;convertible notes due 2021*</div> </td> <td style="vertical-align:middle;width:18.34%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">19,968,375</div> </td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Numbers of shares authorized for issue</div> </td> <td style="vertical-align:middle;width:18.34%;">&#160;</td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;&#160;&#160;at September 30, 2018</div> </td> <td style="vertical-align:middle;width:18.34%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">250,000,000</div> </td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;"> <div 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&#160;&#160;*assuming the maximum Fundamental Change conversion rate.&#160;&#160;&#160;</td> </tr> </table> </div> <div style="font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:left;text-indent:36pt;">&#160;</div> <div style="color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:justify;"><u>Common stock:</u></div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.</div> <div style="line-height:11.4pt;">&#160;</div> <div style="color:#000000;font-family:Arial;font-size:10pt;font-style:italic;line-height:11.4pt;text-align:left;"><u>Preferred stock:</u></div> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">In the first quarter 2017, the board established two series of preferred stock: Series C Preferred Stock and 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style="vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.9 million</div> </td> <td style="vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.02</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">February 28, 2018</div> </td> <td style="vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.9 million</div> </td> <td style="vertical-align:bottom;width:2%;"> <div 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solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">0.06</div> </td> </tr> <tr> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:46%;">&#160;</td> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:2%;">&#160;</td> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:26%;">&#160;</td> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:2%;">&#160;</td> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:46%;"> <div style="font-family:Arial;font-size:10pt;text-align:left;">Dividend payment as of December 31, 2017:</div> </td> <td style="vertical-align:bottom;width:2%;">&#160;</td> <td style="vertical-align:bottom;width:26%;">&#160;</td> <td style="vertical-align:bottom;width:2%;">&#160;</td> <td style="vertical-align:bottom;width:23.5%;">&#160;</td> </tr> <tr> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;">&#160;</td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:2%;">&#160;</td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:26%;">&#160;</td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:2%;">&#160;</td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:23.5%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Payment date</div> </td> <td colspan="2" style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">Total Payment</div> </td> <td colspan="2" style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">Per common share</div> </td> </tr> <tr style="height:17px;"> <td style="background-color:#d9d9d9;border-bottom-style:none;border-top:#808080 2px solid;padding-bottom:2px;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">December 6, 2017</div> </td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.8 million</div> </td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.02</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom-style:none;border-top-style:none;padding-bottom:2px;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">August 31, 2017</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.8 million</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.02</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">May 31, 2017</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">10.1 million</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.08</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">February 22, 2017</div> </td> <td style="border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">7.6 million</div> </td> <td style="border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.08</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Total payment as per December 31, 2017</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">23.3 million</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">0.20</div> </td> </tr> </table> </div> <div>&#160;</div> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div><span></span>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6604780704">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accounts receivable and accrued revenues<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 8 - Accounts receivable and accrued revenues</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">Accounts receivable and accrued revenues totaling $41.0 million as of September 30, 2018 consists mainly of accounts receivable with no material amounts overdue.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6624714288">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financial risk management, objectives and policies<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<td class="text">&#160;<span></span>
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<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 9 - Financial risk management, objectives and policies</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">Note 9 in the 2017 annual report on Form 20-F provides for details of financial risk management objectives and policies.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:justify;">The Company&#39;s principal financial liability consists of long-term debt with the main purpose being to partly finance the Company&#39;s assets and operations. The Company&#39;s financial assets mainly comprise cash. The Company is exposed to market risk, credit risk and liquidity risk. The Company&#39;s senior management oversees the management of these risks.</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the entity's financial risk management practices and policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6704400224">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subsequent events<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_EventsAfterTheReportingDateAbstract', window );"><strong>Subsequent events [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory', window );">Subsequent events</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Note 10 - Subsequent events</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <div style="line-height:11.4pt;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:justify;">On November 1, 2018 the Board approved a dividend of $0.02 per common share related to the third quarter 2018 to be paid on November 23, 2018 for shareholders of record as of November 16, 2018.</div> <div><br /> </div> <div style="font-family:Arial;font-size:10pt;text-align:justify;">In October, the Company entered into agreement to sell DHT Cathy and DHT Sophie for $24.3 million enbloc. The vessels are expected to be delivered to the buyer in the fourth quarter of 2018. We recorded an impairment of $3.5 million in the third quarter in connection with the planned sale. The vessels carry combined debt of $8.7 million and the Company will net about $15.4 million in cash from the sale. Outstanding debt will be repaid in connection with the delivery of the vessels.</div> <div><br /> </div> <div style="font-family:Arial;font-size:10pt;text-align:justify;">On October 8, 2018 the Company took delivery of DHT Mustang, the second of its two VLCC newbuildings from HHI. A total of $51.4 million of debt was drawn in connection with the delivery.</div> <div style="font-family:Arial;font-size:10pt;text-align:justify;">&#160;</div> <div style="font-family:Arial;font-size:10pt;text-align:justify;"> <div style="font-family:Arial;font-size:10pt;text-align:left;">Subsequent to the quarter the Company extended time-charters for two of its VLCCs to an oil major for periods of 3- to 4-years. &#160;The vessels are among the ones that will be fitted with scrubbers and have been extended with fixed base rates plus market related profit sharing structures that include commercial benefits of the scrubbers.&#160;</div> <div><br /> </div> </div> <br style="line-height:11.4pt;" /> </div> <div><br /> </div> <div style="text-align:center;"><font style="color:#000000;font-family:Arial;font-size:10pt;font-style:normal;font-weight:normal;">21</font></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Events after the reporting period.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 10<br> -IssueDate 2017-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=10&amp;date=2017-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6603335440">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>General accounting principles (Tables)<br></strong></div></th>
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<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CondensedBalanceSheetTableTextBlock', window );">CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</a></td>
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at</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;vertical-align:bottom;width:17.16%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">Adjustments</div> </td> <td style="background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:17.18%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">Balance at</div> </td> </tr> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:48.48%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.18%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">December 31, 2017</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:17.16%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">due to IFRS 15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:17.18%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">January 1, 2018</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;">ASSETS</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.18%;"> <div 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style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accounts payable and accrued expenses</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">17,427</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.16%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;(815)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div 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style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accumulated deficit</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;(222,087)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:middle;width:17.16%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;(4,734)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;(226,821)</div> </td> </tr> 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solid;border-top:#808080 2px solid;vertical-align:bottom;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Balance at September 30, 2018</div> </td> </tr> <tr> <td style="background-color:#244062;border-left:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:48.48%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">&#160;</div> </td> <td style="background-color:#244062;border-top-style:none;vertical-align:bottom;width:17.18%;">&#160;</td> <td style="background-color:#244062;border-top-style:none;vertical-align:bottom;width:17.16%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">Adjustments</div> </td> <td style="background-color:#244062;border-right:2px solid;border-top-style:none;vertical-align:bottom;width:17.18%;"> <div 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2px solid;vertical-align:bottom;width:17.18%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:right;">adoption of IFRS 15</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:left;">ASSETS</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.16%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">&#160;</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accounts receivable and accrued revenues</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">40,998</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.16%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">5,456</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">46,453</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Capitalized voyage expenses</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">1,414</div> </td> <td style="background-color:#ffffff;vertical-align:middle;width:17.16%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,414)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:middle;width:17.18%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(0)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:middle;width:48.48%;"> <div 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</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CondensedIncomeStatementTableTextBlock', window );">CONDENSED CONSOLIDATED INCOME STATEMENT</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td colspan="4" style="border-left-style:none;border-right-style:none;border-top-style:none;font-weight:bold;vertical-align:top;width:36.79%;">CONDENSED CONSOLIDATED INCOME STATEMENT&#160;</td> <td colspan="3" style="border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.8%;">&#160;</td> </tr> <tr> <td style="border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:top;width:36.79%;">&#160;</td> <td colspan="3" style="border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:32.4%;">&#160;</td> <td colspan="3" style="border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.8%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;border-left:#808080 2px solid;color:#ffffff;font-weight:bold;vertical-align:top;width:36.79%;">&#160;</td> <td colspan="3" style="background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:32.4%;">&#160;3Q 2018</td> <td colspan="3" style="background-color:#244062;border-left:#808080 2px solid;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:30.8%;">&#160;9 months 2018</td> </tr> <tr> <td style="background-color:#244062;border-left:#808080 2px solid;vertical-align:top;width:36.79%;">&#160;</td> <td colspan="3" style="background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:32.4%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Jul. 1 - Sept. 30 2018</div> </td> <td colspan="3" style="background-color:#244062;border-left:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:30.8%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Jan. 1 - Sept. 30 2018</div> </td> </tr> <tr> <td style="background-color:#244062;border-left:#808080 2px solid;vertical-align:top;width:36.79%;">&#160;</td> <td style="background-color:#244062;vertical-align:bottom;width:10.04%;">&#160;</td> <td style="background-color:#244062;vertical-align:bottom;width:10.04%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Adjustments</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:12.32%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Balance</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">without</div> </td> <td style="background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:10.05%;">&#160;</td> <td style="background-color:#244062;vertical-align:bottom;width:10.37%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Adjustments</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.38%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Balance</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">without</div> </td> </tr> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:top;width:36.79%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.04%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">As reported</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.04%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">due to IFRS</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.32%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">adoption of</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">IFRS 15</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.05%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">As reported</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.37%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">due to IFRS</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">15</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.38%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">adoption of IFRS 15</div> </td> </tr> <tr> <td style="background-color:#c0c0c0;border-left:#808080 2px solid;vertical-align:top;width:36.79%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Shipping revenues</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:10.04%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">90,177</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:10.04%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(2,407)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:12.32%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">87,770</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:10.05%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">237,322</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:10.37%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,981)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:10.38%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">235,341</div> </td> </tr> <tr> <td style="background-color:#c0c0c0;border-left:#808080 2px solid;vertical-align:top;width:36.79%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Voyage expenses</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:10.04%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(41,983)</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:10.04%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">1,140</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:12.32%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(40,843)</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:10.05%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(108,502)</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:10.37%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">673</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:top;width:10.38%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(107,829)</div> </td> </tr> <tr> <td style="background-color:#c0c0c0;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:top;width:36.79%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Net income/(loss) after tax</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.04%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(21,475)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.04%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,267)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:top;width:12.32%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(22,742)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.05%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(58,910)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:top;width:10.37%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,308)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:top;width:10.38%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(60,218)</div> </td> </tr> </table><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CondensedCashFlowStatementTableTextBlock', window );">CONDENSED CONSOLIDATED INCOME STATEMENT OF CASH FLOW</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td colspan="4" style="border-left-style:none;border-top-style:none;font-weight:bold;vertical-align:bottom;width:37.06%;">CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW&#160;</td> <td colspan="3" style="border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.49%;">&#160;</td> </tr> <tr> <td style="border-left-style:none;border-top-style:none;vertical-align:bottom;width:37.06%;"></td> <td colspan="3" style="border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:32.38%;">&#160;</td> <td colspan="3" style="border-left-style:none;border-right-style:none;border-top-style:none;vertical-align:bottom;width:30.49%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;">&#160;</td> <td colspan="3" style="background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:32.38%;">&#160;3Q 2018</td> <td colspan="3" style="background-color:#244062;border-right:#808080 2px solid;color:#ffffff;font-weight:bold;text-align:center;vertical-align:bottom;width:30.49%;">&#160;9 months 2018</td> </tr> <tr> <td style="background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">&#160;</div> </td> <td colspan="3" style="background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:32.38%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Jul. 1 - Sept. 30 2018</div> </td> <td colspan="3" style="background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:30.49%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Jan. 1 - Sept. 30, 2018</div> </td> </tr> <tr> <td style="background-color:#244062;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">&#160;</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:9.23%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">&#160;</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:11.45%;">&#160;</td> <td style="background-color:#244062;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Balance without</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.14%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">&#160;</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.64%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Adjustments</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:10.4%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Balance without</div> </td> </tr> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:9.1pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:9.23%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">As reported</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:11.45%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Adjustments</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">due to IFRS 15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">adoption of</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">&#160;IFRS 15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.14%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">As reported</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.64%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">due to IFRS</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">15</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">adoption of</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">IFRS 15</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Net income / (loss)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(21,475)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,267)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(22,742)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(58,910)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,308)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(60,218)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accounts receivable and accrued revenues</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(11,622)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">2,407</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(9,215)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(6,223)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">1,981</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(4,242)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Capitalized voyage expenses</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">1,157</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,157)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(0)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">474</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(474)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">0</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Accounts payable and accrued expenses</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,407)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">17</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(1,391)</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">8,052</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(199)</div> </td> <td style="background-color:#ffffff;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">7,853</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;vertical-align:bottom;width:37.06%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:left;">Net cash provided by/(used in) operating activities</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:9.23%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(4,367)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:11.45%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">-</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:12.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">(4,367)</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.14%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">25,666</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;vertical-align:bottom;width:10.64%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">-</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;vertical-align:bottom;width:10.4%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:9.1pt;text-align:right;">25,666</div> </td> </tr> </table><span></span>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6618546576">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Interest bearing debt (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsTextBlock', window );">Scheduled debt repayments and margin above Libor</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;">Scheduled debt repayments (USD thousands) and margin above Libor</div> <div style="line-height:11.4pt;"><br style="line-height:11.4pt;" /> </div> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr style="height:22px;"> <td style="background-color:#244062;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">Margin</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">Q4</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> <td style="background-color:#244062;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">&#160;</div> </td> </tr> <tr style="height:15px;"> <td style="background-color:#244062;border-bottom:#808080 2px solid;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">$ in thousands</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">above Libor</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">2018</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">2019</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;text-align:center;">2020</div> </td> <td style="background-color:#244062;border-bottom:#808080 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style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">32,860</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">125,000</div> </td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">157,860</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">Total</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">16,486</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">102,716</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">98,005</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">184,005</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">557,423</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">958,635</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Unamortized upfront fees bank loans</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.89%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">(8,366)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-left:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">Difference amortized cost/notional amount convertible note</div> </td> <td style="background-color:#ffffff;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:9.89%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-right:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;line-height:9.1pt;">(15,194)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-left:#808080 2px solid;border-top:#808080 2px solid;text-align:left;vertical-align:middle;width:36.32%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">Total interest bearing debt</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:center;vertical-align:middle;width:10.11%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:7.82%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.89%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.74%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:9.43%;">&#160;</td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-right:#808080 2px solid;border-top:#808080 2px solid;text-align:right;vertical-align:middle;width:8.97%;"> <div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:9.1pt;">935,075</div> </td> </tr> </table><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_InterestBearingDebtTablesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of scheduled debt repayments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ScheduledDebtRepaymentsTextBlock</td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6708895936">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Vessels (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2018</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VesselsTablesAbstract', window );"><strong>Vessels (Tables) [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VesselCostsTextBlock', window );">Vessel costs</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;"><u>Vessel costs</u></div> <div style="line-height:11.4pt;">&#160;</div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Cost of Vessels</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">1,810,158</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Additions</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">1,714</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Transferred from vessels under construction</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">252,323</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Retirement **</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">(1,244)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">At September 30, 2018</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;">2,062,951</div> </td> </tr> <tr> <td style="background-color:#ffffff;vertical-align:top;width:80.91%;">&#160;</td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Depreciation, impairment and amortization*</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">366,012</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Depreciation and amortization</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">75,053</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Impairment charges</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">3,500</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">Retirement **</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">(1,244)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">At September 30, 2018</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;">443,321</div> </td> </tr> <tr> <td style="background-color:#ffffff;vertical-align:top;width:80.91%;">&#160;</td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Carrying Amount</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr style="height:14px;"> <td style="background-color:#244062;vertical-align:top;width:80.91%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr style="height:16px;"> <td style="background-color:#d9d9d9;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:right;">1,444,146</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">At September 30, 2018</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:top;width:19.09%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:right;">1,619,630</div> </td> </tr> <tr> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:top;width:80.91%;">&#160;</td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="border-bottom-style:none;border-top:0px;vertical-align:top;width:80.91%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">*Accumulated numbers</div> </td> <td style="border-bottom-style:none;border-top:0px;vertical-align:top;width:19.09%;">&#160;</td> </tr> <tr> <td style="border-bottom-style:none;border-top:0px;vertical-align:top;width:80.91%;">**Relates to completed depreciation of drydocking for DHT Sophie.</td> <td style="border-bottom-style:none;border-top:0px;vertical-align:top;width:19.09%;">&#160;</td> </tr> </table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CostOfVesselsUnderConstructionTextBlock', window );">Cost of vessels under construction</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244062;vertical-align:bottom;width:71.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">Cost of vessels under construction</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:28.66%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#244062;vertical-align:bottom;width:71.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:28.66%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;">114,759</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Additions</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;">164,364</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Transferred to vessels</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;">(252,323)</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">At September 30, 2018</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:right;">26,799</div> </td> </tr> <tr> <td style="vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">&#160;</div> </td> <td style="vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#244062;vertical-align:bottom;width:71.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">Carrying Amount</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:28.66%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#244062;vertical-align:bottom;width:71.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;vertical-align:bottom;width:28.66%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">&#160;</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">At January 1, 2018</div> </td> <td style="background-color:#ffffff;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:right;">114,759</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:71.34%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">At September 30, 2018</div> </td> <td style="background-color:#ffffff;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:28.66%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:right;">26,799</div> </td> </tr> </table><span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VesselsUnderConstructionFuturePaymentsTextBlock', window );">Vessels under construction, future payments</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:56.33%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">Vessels under construction</div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-style:italic;line-height:10.25pt;text-align:left;">$ in thousands</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;">September 30, 2018</div> </td> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;">January 1, 2018</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:56.33%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Not later than one year</div> </td> <td style="vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">57,647</div> </td> <td style="vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">218,565</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:56.33%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Later than one year and not later than three years</div> </td> <td style="vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">-</div> </td> <td style="vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">-</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;vertical-align:bottom;width:56.33%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:left;">Later than three years and not later than five years</div> </td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">-</div> </td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;line-height:10.25pt;text-align:center;">-</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:56.33%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:left;">Total</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;">57,647</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:21.84%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;line-height:10.25pt;text-align:center;">218,565</div> </td> </tr> </table><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of the cost of vessels under construction.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tabular disclosure of the costs of vessels.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stockholders equity and dividend payment (Tables)<br></strong></div></th>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_StockholdersEquityTextBlock', window );">Stockholders equity</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:left;"><u>Stockholders equity</u></div> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;</div> <table border="0" cellpadding="2" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244061;border-bottom:#000000 2px solid;font-weight:bold;vertical-align:bottom;width:53.75%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;</div> </td> <td style="background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:18.34%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:right;">Common stock</div> </td> <td style="background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:4.2%;">&#160;</td> <td style="background-color:#244061;border-bottom:#000000 2px solid;vertical-align:bottom;width:23.72%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;line-height:11.4pt;text-align:right;">Preferred stock</div> </td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Issued at September 30, 2018</div> </td> <td style="vertical-align:middle;width:18.34%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">143,592,543</div> </td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">0</div> </td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Shares to be issued assuming conversion of</div> </td> <td style="vertical-align:middle;width:18.34%;">&#160;</td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;&#160;&#160;convertible notes due 2019*</div> </td> <td style="vertical-align:middle;width:18.34%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">6,562,001</div> </td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Shares to be issued assuming conversion of</div> </td> <td style="vertical-align:middle;width:18.34%;">&#160;</td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;&#160;&#160;convertible notes due 2021*</div> </td> <td style="vertical-align:middle;width:18.34%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">19,968,375</div> </td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Numbers of shares authorized for issue</div> </td> <td style="vertical-align:middle;width:18.34%;">&#160;</td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">&#160;&#160;&#160;at September 30, 2018</div> </td> <td style="vertical-align:middle;width:18.34%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">250,000,000</div> </td> <td style="vertical-align:middle;width:4.2%;">&#160;</td> <td style="vertical-align:middle;width:23.72%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">1,000,000</div> </td> </tr> <tr> <td style="border-bottom:#000000 2px solid;vertical-align:bottom;width:53.75%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:left;">Par value</div> </td> <td style="border-bottom:#000000 2px solid;vertical-align:middle;width:18.34%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">$ 0.01</div> </td> <td style="border-bottom:#000000 2px solid;vertical-align:middle;width:4.2%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">&#160;</div> </td> <td style="border-bottom:#000000 2px solid;vertical-align:middle;width:23.72%;"> <div style="font-family:Arial;font-size:10pt;line-height:11.4pt;text-align:right;">$ 0.01</div> </td> </tr> <tr> <td colspan="4" style="vertical-align:bottom;width:53.75%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;*assuming the maximum Fundamental Change conversion rate.&#160;&#160;&#160;</td> </tr> </table><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DividendPaymentTextBlock', window );">Dividend payment</a></td>
<td class="text"><!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div style="font-family:Arial;font-size:10pt;text-align:left;">Dividend payment as of September 30, 2018:</div> <div style="font-family:Arial;font-size:10pt;text-align:left;">&#160;</div> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:Arial;font-size:10pt;width:100%;"> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Payment date</div> </td> <td colspan="2" style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">Total Payment</div> </td> <td colspan="2" style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">Per common share</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">August 31, 2018</div> </td> <td style="vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.9 million</div> </td> <td style="vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.02</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">May 30, 2018</div> </td> <td style="vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.9 million</div> </td> <td style="vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.02</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">February 28, 2018</div> </td> <td style="vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.9 million</div> </td> <td style="vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.02</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Total payment as per September 30, 2018</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">8.6 million</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">0.06</div> </td> </tr> <tr> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:46%;">&#160;</td> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:2%;">&#160;</td> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:26%;">&#160;</td> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:2%;">&#160;</td> <td style="border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;">&#160;</td> </tr> <tr> <td style="vertical-align:bottom;width:46%;"> <div style="font-family:Arial;font-size:10pt;text-align:left;">Dividend payment as of December 31, 2017:</div> </td> <td style="vertical-align:bottom;width:2%;">&#160;</td> <td style="vertical-align:bottom;width:26%;">&#160;</td> <td style="vertical-align:bottom;width:2%;">&#160;</td> <td style="vertical-align:bottom;width:23.5%;">&#160;</td> </tr> <tr> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;">&#160;</td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:2%;">&#160;</td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:26%;">&#160;</td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:2%;">&#160;</td> <td style="border-bottom:#808080 2px solid;vertical-align:bottom;width:23.5%;">&#160;</td> </tr> <tr> <td style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;width:46%;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Payment date</div> </td> <td colspan="2" style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">Total Payment</div> </td> <td colspan="2" style="background-color:#244062;border-bottom:#808080 2px solid;vertical-align:bottom;"> <div style="color:#ffffff;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">Per common share</div> </td> </tr> <tr style="height:17px;"> <td style="background-color:#d9d9d9;border-bottom-style:none;border-top:#808080 2px solid;padding-bottom:2px;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">December 6, 2017</div> </td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.8 million</div> </td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.02</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom-style:none;border-top-style:none;padding-bottom:2px;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">August 31, 2017</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">2.8 million</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.02</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">May 31, 2017</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">10.1 million</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom-style:none;border-top-style:none;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.08</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">February 22, 2017</div> </td> <td style="border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">7.6 million</div> </td> <td style="border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top-style:none;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;text-align:center;">0.08</div> </td> </tr> <tr> <td style="background-color:#d9d9d9;border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:46%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">Total payment as per December 31, 2017</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:26%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">23.3 million</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:2%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:left;">$</div> </td> <td style="border-bottom:#808080 2px solid;border-top:#808080 2px solid;vertical-align:bottom;width:23.5%;"> <div style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;text-align:center;">0.20</div> </td> </tr> </table><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>General accounting principles - Condensed consolidated statement of financial position (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Accounts receivable and accrued revenues</a></td>
<td class="nump">$ 40,998<span></span>
</td>
<td class="nump">$ 42,212<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpenses', window );">Capitalized voyage expenses</a></td>
<td class="nump">1,414<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Accounts payable and accrued expenses</a></td>
<td class="nump">25,039<span></span>
</td>
<td class="nump">17,427<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Stockholders' Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Accumulated deficit</a></td>
<td class="num">(294,346)<span></span>
</td>
<td class="num">(222,087)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member', window );">Adjustment, IFRS 15 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Accounts receivable and accrued revenues</a></td>
<td class="nump">5,456<span></span>
</td>
<td class="num">(7,437)<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpenses', window );">Capitalized voyage expenses</a></td>
<td class="num">(1,414)<span></span>
</td>
<td class="nump">1,888<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Accounts payable and accrued expenses</a></td>
<td class="nump">615<span></span>
</td>
<td class="num">(815)<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Stockholders' Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Accumulated deficit</a></td>
<td class="nump">3,426<span></span>
</td>
<td class="num">(4,734)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_RestatedBalanceMember', window );">Restated Balance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Accounts receivable and accrued revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">34,775<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpenses', window );">Capitalized voyage expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,888<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Accounts payable and accrued expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,613<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Stockholders' Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Accumulated deficit</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (226,821)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_BalanceWithoutAdoptionOfIFRS15Member', window );">Balance without adoption of IFRS 15 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTradeReceivables', window );">Accounts receivable and accrued revenues</a></td>
<td class="nump">46,453<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpenses', window );">Capitalized voyage expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentLiabilitiesAbstract', window );"><strong>Current LIABILITIES</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TradeAndOtherCurrentPayables', window );">Accounts payable and accrued expenses</a></td>
<td class="nump">25,655<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Stockholders' Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Accumulated deficit</a></td>
<td class="num">$ (290,920)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CapitalizedVoyageExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Capitalized voyage expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CapitalizedVoyageExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTradeReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade receivables. [Refer: Trade receivables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 68<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_68&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTradeReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the entity's cumulative undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetainedEarnings</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TradeAndOtherCurrentPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current trade payables and current other payables. [Refer: Current trade payables; Other current payables]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph k<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_k&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TradeAndOtherCurrentPayables</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_IncreaseDecreaseDueToChangesInAccountingPolicyIFRS15Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_RestatedBalanceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_RestatedBalanceMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_BalanceWithoutAdoptionOfIFRS15Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_BalanceWithoutAdoptionOfIFRS15Member</td>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6702807648">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>General accounting principles - Condensed consolidated income statement (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CondensedIncomeStatementAbstract', window );"><strong>Condensed income statement</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ShippingRevenues', window );">Shipping revenues</a></td>
<td class="nump">$ 90,177<span></span>
</td>
<td class="nump">$ 84,374<span></span>
</td>
<td class="nump">$ 237,322<span></span>
</td>
<td class="nump">$ 262,808<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VoyageExpenses', window );">Voyage expenses</a></td>
<td class="num">(41,983)<span></span>
</td>
<td class="num">$ (29,594)<span></span>
</td>
<td class="num">(108,502)<span></span>
</td>
<td class="num">$ (77,682)<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ProfitForThePeriod', window );">Net income/(loss) after tax</a></td>
<td class="num">(21,475)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(58,910)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_AdjustmentIFRS15Member', window );">Adjustment, IFRS 15 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CondensedIncomeStatementAbstract', window );"><strong>Condensed income statement</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ShippingRevenues', window );">Shipping revenues</a></td>
<td class="num">(2,407)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,981)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VoyageExpenses', window );">Voyage expenses</a></td>
<td class="nump">1,140<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">673<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ProfitForThePeriod', window );">Net income/(loss) after tax</a></td>
<td class="num">(1,267)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,308)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_BalanceWithoutAdoptionOfIFRS15Member', window );">Balance without adoption of IFRS 15 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CondensedIncomeStatementAbstract', window );"><strong>Condensed income statement</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ShippingRevenues', window );">Shipping revenues</a></td>
<td class="nump">87,770<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">235,341<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VoyageExpenses', window );">Voyage expenses</a></td>
<td class="num">(40,843)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(107,829)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ProfitForThePeriod', window );">Net income/(loss) after tax</a></td>
<td class="num">$ (22,742)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (60,218)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CondensedIncomeStatementAbstract">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The condensed income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CondensedIncomeStatementAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ProfitForThePeriod</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ShippingRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of shipping revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ShippingRevenues</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_VoyageExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of voyage expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_VoyageExpenses</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_AdjustmentIFRS15Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_AdjustmentIFRS15Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_BalanceWithoutAdoptionOfIFRS15Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6708313728">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>General accounting principles - Condensed consolidated statement of cash flow (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Cash flow from operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income/(loss)</a></td>
<td class="num">$ (21,475)<span></span>
</td>
<td class="num">$ (5,067)<span></span>
</td>
<td class="num">$ (58,910)<span></span>
</td>
<td class="nump">$ 14,115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsReceivableAndAccruedRevenues', window );">Accounts receivable and accrued revenues</a></td>
<td class="num">(11,622)<span></span>
</td>
<td class="num">(701)<span></span>
</td>
<td class="num">(6,223)<span></span>
</td>
<td class="nump">3,259<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsReceivableAndAccruedRevenues', window );">Accounts receivable and accrued revenues</a></td>
<td class="num">(11,622)<span></span>
</td>
<td class="num">(701)<span></span>
</td>
<td class="num">(6,223)<span></span>
</td>
<td class="nump">3,259<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpensesCashFlow', window );">Capitalized voyage expenses</a></td>
<td class="nump">1,157<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">474<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsPayableAndAccruedExpenses', window );">Accounts payable and accrued expenses</a></td>
<td class="num">(1,407)<span></span>
</td>
<td class="num">(2,966)<span></span>
</td>
<td class="nump">8,052<span></span>
</td>
<td class="nump">7,366<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetCashProvidedByOperatingActivities', window );">Net cash provided by/(used in) operating activities</a></td>
<td class="num">(4,367)<span></span>
</td>
<td class="nump">$ 17,553<span></span>
</td>
<td class="nump">25,666<span></span>
</td>
<td class="nump">$ 94,418<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_AdjustmentIFRS15Member', window );">Adjustment, IFRS 15 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Cash flow from operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income/(loss)</a></td>
<td class="num">(1,267)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,308)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsReceivableAndAccruedRevenues', window );">Accounts receivable and accrued revenues</a></td>
<td class="nump">2,407<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,981<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsReceivableAndAccruedRevenues', window );">Accounts receivable and accrued revenues</a></td>
<td class="nump">2,407<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,981<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpensesCashFlow', window );">Capitalized voyage expenses</a></td>
<td class="num">(1,157)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(474)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsPayableAndAccruedExpenses', window );">Accounts payable and accrued expenses</a></td>
<td class="nump">17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(199)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_BalanceWithoutAdoptionOfIFRS15Member', window );">Balance without adoption of IFRS 15 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Cash flow from operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income/(loss)</a></td>
<td class="num">(22,742)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(60,218)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsReceivableAndAccruedRevenues', window );">Accounts receivable and accrued revenues</a></td>
<td class="num">(9,215)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,242)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsReceivableAndAccruedRevenues', window );">Accounts receivable and accrued revenues</a></td>
<td class="num">(9,215)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4,242)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CapitalizedVoyageExpensesCashFlow', window );">Capitalized voyage expenses</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccountsPayableAndAccruedExpenses', window );">Accounts payable and accrued expenses</a></td>
<td class="num">(1,391)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,853<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetCashProvidedByOperatingActivities', window );">Net cash provided by/(used in) operating activities</a></td>
<td class="num">$ (4,367)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 25,666<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AccountsPayableAndAccruedExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of accounts payable and accrued expenses</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AccountsPayableAndAccruedExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AccountsReceivableAndAccruedRevenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of accounts receivable and accrued revenues</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AccountsReceivableAndAccruedRevenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CapitalizedVoyageExpensesCashFlow">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flow associated with capitalized voyage expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CapitalizedVoyageExpensesCashFlow</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_NetCashProvidedByOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net cash provided by operating activities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_NetCashProvidedByOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_AdjustmentIFRS15Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_AdjustmentIFRS15Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_BalanceWithoutAdoptionOfIFRS15Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis=dht_BalanceWithoutAdoptionOfIFRS15Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6708665856">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Interest bearing debt - Scheduled debt repayments (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Sep. 30, 2018 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsAbstract', window );"><strong>Scheduled debt repayments and margin above LIBOR</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInThreeMonths', window );">Q4 2018</a></td>
<td class="nump">$ 16,486<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInNextYear', window );">2019</a></td>
<td class="nump">102,716<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearTwo', window );">2020</a></td>
<td class="nump">98,005<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearThree', window );">2021</a></td>
<td class="nump">184,005<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentAfterYearThree', window );">Thereafter</a></td>
<td class="nump">557,423<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">958,635<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_UnamortizedUpfrontFees', window );">Unamortized upfront fees bank loans</a></td>
<td class="num">(8,366)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes', window );">Difference amortized cost/notional amount convertible note</a></td>
<td class="num">(15,194)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_TotalInterestBearingDebt', window );">Total interest bearing debt</a></td>
<td class="nump">935,075<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">958,635<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=dht_ConvertibleSeniorNotesMember', window );">Convertible Senior Notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsAbstract', window );"><strong>Scheduled debt repayments and margin above LIBOR</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInNextYear', window );">2019</a></td>
<td class="nump">32,860<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearThree', window );">2021</a></td>
<td class="nump">125,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">157,860<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">$ 157,860<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CreditFacilityAxis=dht_ABNAmroCreditFacilityMember', window );">ABN Amro Credit Facility [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsAbstract', window );"><strong>Scheduled debt repayments and margin above LIBOR</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_LineOfCreditFacilityInterestRate', window );">Interest Rate LIBOR+</a></td>
<td class="nump">2.40%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInThreeMonths', window );">Q4 2018</a></td>
<td class="nump">$ 7,702<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInNextYear', window );">2019</a></td>
<td class="nump">30,808<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearTwo', window );">2020</a></td>
<td class="nump">30,808<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearThree', window );">2021</a></td>
<td class="nump">30,808<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentAfterYearThree', window );">Thereafter</a></td>
<td class="nump">325,815<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">425,941<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">$ 425,941<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CreditFacilityAxis=dht_CreditAgricoleCreditFacilityMember', window );">Credit Agricole Credit Facility [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsAbstract', window );"><strong>Scheduled debt repayments and margin above LIBOR</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_LineOfCreditFacilityInterestRate', window );">Interest Rate LIBOR+</a></td>
<td class="nump">2.19%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInThreeMonths', window );">Q4 2018</a></td>
<td class="nump">$ 1,649<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInNextYear', window );">2019</a></td>
<td class="nump">6,597<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearTwo', window );">2020</a></td>
<td class="nump">6,597<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearThree', window );">2021</a></td>
<td class="nump">6,597<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentAfterYearThree', window );">Thereafter</a></td>
<td class="nump">42,925<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">64,367<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">$ 64,367<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CreditFacilityAxis=dht_DanishShipFinanceCreditFacilityMember', window );">Danish Ship Finance Credit Facility [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsAbstract', window );"><strong>Scheduled debt repayments and margin above LIBOR</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_LineOfCreditFacilityInterestRate', window );">Interest Rate LIBOR+</a></td>
<td class="nump">2.25%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInThreeMonths', window );">Q4 2018</a></td>
<td class="nump">$ 1,300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInNextYear', window );">2019</a></td>
<td class="nump">2,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearTwo', window );">2020</a></td>
<td class="nump">39,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">42,900<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">$ 42,900<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CreditFacilityAxis=dht_NordeaDNBCreditFacilityMember', window );">Nordea/DNB Credit Facility [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsAbstract', window );"><strong>Scheduled debt repayments and margin above LIBOR</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_LineOfCreditFacilityInterestRate', window );">Interest Rate LIBOR+</a></td>
<td class="nump">2.75%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInThreeMonths', window );">Q4 2018</a></td>
<td class="nump">$ 434<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInNextYear', window );">2019</a></td>
<td class="nump">8,251<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">8,685<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">$ 8,685<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CreditFacilityAxis=dht_NordeaBWVLCCAcquisitionCreditFacilityMember', window );">Nordea BWVLCC Acquisition Credit Facility [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsAbstract', window );"><strong>Scheduled debt repayments and margin above LIBOR</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_LineOfCreditFacilityInterestRate', window );">Interest Rate LIBOR+</a></td>
<td class="nump">2.40%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInThreeMonths', window );">Q4 2018</a></td>
<td class="nump">$ 5,400<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInNextYear', window );">2019</a></td>
<td class="nump">21,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearTwo', window );">2020</a></td>
<td class="nump">21,600<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentInYearThree', window );">2021</a></td>
<td class="nump">21,600<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepaymentAfterYearThree', window );">Thereafter</a></td>
<td class="nump">188,683<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">258,883<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DebtInstrumentRepayment', window );">Total</a></td>
<td class="nump">$ 258,883<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CreditFacilityAxis=dht_AbnAmroRevolvingCreditFacilityMember', window );">ABN Amro Revolving Credit Facility [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ScheduledDebtRepaymentsAbstract', window );"><strong>Scheduled debt repayments and margin above LIBOR</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_LineOfCreditFacilityRevolvingInterestRate', window );">Interest Rate LIBOR+</a></td>
<td class="nump">2.50%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DebtInstrumentRepayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The scheduled debt repayment amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DebtInstrumentRepayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DebtInstrumentRepaymentAfterYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The scheduled debt repayment amount in the after the third fiscal year following the latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DebtInstrumentRepaymentAfterYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DebtInstrumentRepaymentInNextYear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The scheduled debt repayment amount in the next fiscal year following the latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DebtInstrumentRepaymentInNextYear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DebtInstrumentRepaymentInThreeMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The scheduled debt repayment amount in three months following the latest fiscal quarter.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DebtInstrumentRepaymentInThreeMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DebtInstrumentRepaymentInYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The scheduled debt repayment amount in the third fiscal year following the latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DebtInstrumentRepaymentInYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DebtInstrumentRepaymentInYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The scheduled debt repayment amount in the second fiscal year following the latest fiscal year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DebtInstrumentRepaymentInYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The difference between amortized cost and notional amount of convertible notes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DifferenceBetweenAmortizedCostAndNotionalAmountOfConvertibleNotes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_LineOfCreditFacilityInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_LineOfCreditFacilityInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_LineOfCreditFacilityRevolvingInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of the interest rate for the revolving credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_LineOfCreditFacilityRevolvingInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ScheduledDebtRepaymentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Scheduled debt repayments Abstract</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ScheduledDebtRepaymentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_TotalInterestBearingDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total interest bearing debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_TotalInterestBearingDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_UnamortizedUpfrontFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of unamortized upfront fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_UnamortizedUpfrontFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=dht_ConvertibleSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=dht_ConvertibleSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CreditFacilityAxis=dht_ABNAmroCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CreditFacilityAxis=dht_ABNAmroCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CreditFacilityAxis=dht_CreditAgricoleCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CreditFacilityAxis=dht_CreditAgricoleCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CreditFacilityAxis=dht_DanishShipFinanceCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CreditFacilityAxis=dht_DanishShipFinanceCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CreditFacilityAxis=dht_NordeaDNBCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CreditFacilityAxis=dht_NordeaDNBCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CreditFacilityAxis=dht_NordeaBWVLCCAcquisitionCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CreditFacilityAxis=dht_NordeaBWVLCCAcquisitionCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CreditFacilityAxis=dht_AbnAmroRevolvingCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CreditFacilityAxis=dht_AbnAmroRevolvingCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6703481472">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Vessels - Vessel costs, depreciation, impairment and amortization, and carrying amount (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Sep. 30, 2018 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentAbstract', window );"><strong>Property, Plant and Equipment</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetBookValueOfVesselsAndTimeCharterContracts', window );">As of beginning of period</a></td>
<td class="nump">$ 1,444,146<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_NetBookValueOfVesselsAndTimeCharterContracts', window );">As of end of period</a></td>
<td class="nump">1,619,630<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PropertyPlantandEquipmentByTypeAxis=dht_TotalCostMember', window );">Total Cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentAbstract', window );"><strong>Property, Plant and Equipment</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VesselsAndTimeCharterContractsCost', window );">As of January 1</a></td>
<td class="nump">1,810,158<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AdditionsToVesselsAndTimeCharterContracts', window );">Additions</a></td>
<td class="nump">1,714<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_TransferredFromVesselsUnderConstruction', window );">Transferred from vessels under construction</a></td>
<td class="nump">252,323<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_RetirementOfDrydockCosts', window );">Retirement</a></td>
<td class="num">(1,244)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VesselsAndTimeCharterContractsCost', window );">As of September 30</a></td>
<td class="nump">2,062,951<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PropertyPlantandEquipmentByTypeAxis=dht_TotalAccumulatedDepreciationAndImpairmentMember', window );">Total Accumulated Depreciation and Impairment [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipmentAbstract', window );"><strong>Property, Plant and Equipment</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts', window );">As of beginning of period</a></td>
<td class="nump">366,012<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod', window );">Depreciation and amortization</a></td>
<td class="nump">75,053<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLoss', window );">Impairment charges</a></td>
<td class="nump">3,500<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_RetirementOfDepreciation', window );">Retirement</a></td>
<td class="num">(1,244)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts', window );">As of end of period</a></td>
<td class="nump">$ 443,321<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of accumulated depreciation and impairment of vessels and time charter contracts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated depreciation and impairment of vessels and time charter contracts charge for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AccumulatedDepreciationAndImpairmentOfVesselsAndTimeCharterContractsChargeForThePeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AdditionsToVesselsAndTimeCharterContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additions to vessels and time charter contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AdditionsToVesselsAndTimeCharterContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_NetBookValueOfVesselsAndTimeCharterContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net book value of vessels and time charter contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_NetBookValueOfVesselsAndTimeCharterContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_RetirementOfDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Relates to completed depreciation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_RetirementOfDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_RetirementOfDrydockCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Relates to completed depreciation of drydocking costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_RetirementOfDrydockCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_TransferredFromVesselsUnderConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Transferred from vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_TransferredFromVesselsUnderConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_VesselsAndTimeCharterContractsCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Vessels and time charter contracts cost.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_VesselsAndTimeCharterContractsCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as a reduction of the carrying amount of an asset or cash-generating unit to its recoverable amount. [Refer: Carrying amount [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 130<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_130_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 130<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_130_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PropertyPlantAndEquipmentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PropertyPlantAndEquipmentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PropertyPlantandEquipmentByTypeAxis=dht_TotalCostMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PropertyPlantandEquipmentByTypeAxis=dht_TotalCostMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PropertyPlantandEquipmentByTypeAxis=dht_TotalAccumulatedDepreciationAndImpairmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PropertyPlantandEquipmentByTypeAxis=dht_TotalAccumulatedDepreciationAndImpairmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
<FILENAME>R26.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6703649792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Vessels - Cost of vessels under construction (Details)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Sep. 30, 2018 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CostOfVesselsUnderConstructionAbstract', window );"><strong>Cost of vessels under construction</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AdvancesForVesselsUnderConstruction', window );">Carrying amount at January 1, 2018</a></td>
<td class="nump">$ 114,759<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AdvancesForVesselsUnderConstruction', window );">Carrying amount at September 30, 2018</a></td>
<td class="nump">26,799<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PropertyPlantandEquipmentByTypeAxis=dht_VesselsUnderConstructionMember', window );">Vessels Under Construction [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CostOfVesselsUnderConstructionAbstract', window );"><strong>Cost of vessels under construction</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VesselsUnderConstruction', window );">At January 1, 2018</a></td>
<td class="nump">114,759<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AdditionsToVesselsUnderConstruction', window );">Additions</a></td>
<td class="nump">164,364<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_TransferredToVessels', window );">Transferred to vessels</a></td>
<td class="num">(252,323)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_VesselsUnderConstruction', window );">At September 30, 2018</a></td>
<td class="nump">26,799<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AdvancesForVesselsUnderConstruction', window );">Carrying amount at January 1, 2018</a></td>
<td class="nump">114,759<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_AdvancesForVesselsUnderConstruction', window );">Carrying amount at September 30, 2018</a></td>
<td class="nump">$ 26,799<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AdditionsToVesselsUnderConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additions to vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AdditionsToVesselsUnderConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_AdvancesForVesselsUnderConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Advances for vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_AdvancesForVesselsUnderConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CostOfVesselsUnderConstructionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cost of vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CostOfVesselsUnderConstructionAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_TransferredToVessels">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Costs transferred to vessels.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_TransferredToVessels</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_VesselsUnderConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Vessels under construction</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_VesselsUnderConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PropertyPlantandEquipmentByTypeAxis=dht_VesselsUnderConstructionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PropertyPlantandEquipmentByTypeAxis=dht_VesselsUnderConstructionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>36
<FILENAME>R27.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6703664032">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Vessels - Future expected payments of vessels under construction (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract', window );"><strong>Future expected payments for vessels under construction</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction', window );">Total Future expected payments</a></td>
<td class="nump">$ 57,647<span></span>
</td>
<td class="nump">$ 218,565<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PaymentForVesselUnderConstructionAxis=ifrs-full_NotLaterThanOneYearMember', window );">Not later than one year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract', window );"><strong>Future expected payments for vessels under construction</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_FutureExpectedPaymentsForVesselsUnderConstruction', window );">Future expected payments</a></td>
<td class="nump">57,647<span></span>
</td>
<td class="nump">218,565<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PaymentForVesselUnderConstructionAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember', window );">Later than one year and not later than three years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract', window );"><strong>Future expected payments for vessels under construction</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_FutureExpectedPaymentsForVesselsUnderConstruction', window );">Future expected payments</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_PaymentForVesselUnderConstructionAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember', window );">Later than three years and not later than five years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract', window );"><strong>Future expected payments for vessels under construction</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_FutureExpectedPaymentsForVesselsUnderConstruction', window );">Future expected payments</a></td>
<td class="nump">$ 0<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_FutureExpectedPaymentsForVesselsUnderConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The future expected payments for vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_FutureExpectedPaymentsForVesselsUnderConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of future expected payments for vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_FutureExpectedPaymentsForVesselsUnderConstructionAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total future expected payments for vessels under construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_TotalFutureExpectedPaymentsForVesselsUnderConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PaymentForVesselUnderConstructionAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PaymentForVesselUnderConstructionAxis=ifrs-full_NotLaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PaymentForVesselUnderConstructionAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PaymentForVesselUnderConstructionAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_PaymentForVesselUnderConstructionAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_PaymentForVesselUnderConstructionAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R28.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6703480992">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Stockholders equity and dividend payment - Stockholders equity (Details)<br></strong></div></th>
<th class="th">
<div>Sep. 30, 2018 </div>
<div>$ / shares </div>
<div>shares</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ComponentsOfStockholdersEquityAxis=dht_CommonStockMember', window );">Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_CommonStockSharesIssued', window );">Issued at September 30, 2018</a></td>
<td class="nump">143,592,543<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesAuthorised', window );">Numbers of shares authorized for issue at September 30, 2018</a></td>
<td class="nump">250,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value | $ / shares</a></td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ComponentsOfStockholdersEquityAxis=dht_CommonStockMember', window );">Common Stock [Member] | Convertible Notes due 2019 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes', window );">Shares to be issued assuming conversion of convertible notes</a></td>
<td class="nump">6,562,001<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ComponentsOfStockholdersEquityAxis=dht_CommonStockMember', window );">Common Stock [Member] | Convertible Notes due 2021 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes', window );">Shares to be issued assuming conversion of convertible notes</a></td>
<td class="nump">19,968,375<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_ComponentsOfStockholdersEquityAxis=dht_PreferredStockMember', window );">Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesAuthorised', window );">Numbers of shares authorized for issue at September 30, 2018</a></td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Par value | $ / shares</a></td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares to be issued assuming conversion of convertible notes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_SharesToBeIssuedAssumingConversionOfConvertibleNotes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_StockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesAuthorised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares authorised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesAuthorised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ParValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ParValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ComponentsOfStockholdersEquityAxis=dht_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ComponentsOfStockholdersEquityAxis=dht_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ComponentsOfConvertibleEquityAxis=dht_ConvertibleNotesDue2019Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ComponentsOfConvertibleEquityAxis=dht_ConvertibleNotesDue2019Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ComponentsOfConvertibleEquityAxis=dht_ConvertibleNotesDue2021Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ComponentsOfConvertibleEquityAxis=dht_ConvertibleNotesDue2021Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_ComponentsOfStockholdersEquityAxis=dht_PreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_ComponentsOfStockholdersEquityAxis=dht_PreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>38
<FILENAME>R29.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6703683456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stockholders equity and dividend payment - Dividend payment (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="8">3 Months Ended</th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Nov. 23, 2018</div></th>
<th class="th"><div>Aug. 31, 2018</div></th>
<th class="th"><div>May 30, 2018</div></th>
<th class="th"><div>Feb. 28, 2018</div></th>
<th class="th"><div>Dec. 06, 2017</div></th>
<th class="th"><div>Aug. 31, 2017</div></th>
<th class="th"><div>May 31, 2017</div></th>
<th class="th"><div>Feb. 22, 2017</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DividendPaymentAbstract', window );"><strong>Dividend Payment [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DividendPayment', window );">Payment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,900,000<span></span>
</td>
<td class="nump">$ 2,900,000<span></span>
</td>
<td class="nump">$ 2,900,000<span></span>
</td>
<td class="nump">$ 2,800,000<span></span>
</td>
<td class="nump">$ 2,800,000<span></span>
</td>
<td class="nump">$ 10,100,000<span></span>
</td>
<td class="nump">$ 7,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_TotalDividendPayment', window );">Total Payment</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 8,600,000<span></span>
</td>
<td class="nump">$ 23,300,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidOrdinarySharesPerShare', window );">Per common share</a></td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.08<span></span>
</td>
<td class="nump">$ 0.08<span></span>
</td>
<td class="nump">$ 0.06<span></span>
</td>
<td class="nump">$ 0.20<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DividendPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DividendPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dht_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DividendPaymentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of dividend payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr>
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<tr>
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<tr>
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<tr>
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<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_TotalDividendPayment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The annual amount of dividends recognised as distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_TotalDividendPayment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidOrdinarySharesPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid per ordinary share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 34<br> -IssueDate 2017-01-01<br> -Paragraph 16A<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=34&amp;date=2017-03-01&amp;anchor=para_16A_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidOrdinarySharesPerShare</td>
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<tr>
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<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<head>
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<span style="display: none;">v3.10.0.1</span><table class="report" border="0" cellspacing="2" id="idp6703335216">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subsequent events - Dividend payment (Details text) - $ / shares<br></strong></div></th>
<th class="th" colspan="8">3 Months Ended</th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Nov. 23, 2018</div></th>
<th class="th"><div>Aug. 31, 2018</div></th>
<th class="th"><div>May 30, 2018</div></th>
<th class="th"><div>Feb. 28, 2018</div></th>
<th class="th"><div>Dec. 06, 2017</div></th>
<th class="th"><div>Aug. 31, 2017</div></th>
<th class="th"><div>May 31, 2017</div></th>
<th class="th"><div>Feb. 22, 2017</div></th>
<th class="th"><div>Sep. 30, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dht_DividendPaymentAbstract', window );"><strong>Dividend Payment [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidOrdinarySharesPerShare', window );">Per common share</a></td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="nump">$ 0.08<span></span>
</td>
<td class="nump">$ 0.08<span></span>
</td>
<td class="nump">$ 0.06<span></span>
</td>
<td class="nump">$ 0.20<span></span>
</td>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dht_DividendPaymentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of dividend payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dht_DividendPaymentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidOrdinarySharesPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid per ordinary share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 34<br> -IssueDate 2017-01-01<br> -Paragraph 16A<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=34&amp;date=2017-03-01&amp;anchor=para_16A_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidOrdinarySharesPerShare</td>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
