<SEC-DOCUMENT>0000950157-21-000827.txt : 20210809
<SEC-HEADER>0000950157-21-000827.hdr.sgml : 20210809
<ACCEPTANCE-DATETIME>20210809170930
ACCESSION NUMBER:		0000950157-21-000827
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210806
FILED AS OF DATE:		20210809
DATE AS OF CHANGE:		20210809

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:		211157381

	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>form6-k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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      <div style="text-align: center; color: #000000; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Washington, D.C. 20549</div>
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      <div style="text-align: center; color: #000000; font-size: 18pt; font-weight: bold;">Form 6-K</div>
      <div><br>
      </div>
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        <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 15%; color: #000000; text-align: center;"> </div>
      <div><br>
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      <div style="text-align: center; color: #000000; font-weight: bold;">Report of Foreign Private Issuer</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 under</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">the Securities Exchange Act of 1934</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">For the month of August 2021</div>
      <div style="text-align: center; color: #000000; font-weight: bold;">Commission File Number 001-32640</div>
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      <div><br>
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      <div style="text-align: center; color: #000000; font-size: 24pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
      <div style="text-align: center;">(Exact name of Registrant as specified in its charter)</div>
      <div><br>
      </div>
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        <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 15%; color: #000000; text-align: center;"> </div>
      <div><br>
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      <div style="text-align: center;">Clarendon House</div>
      <div style="text-align: center;">2 Church Street, Hamilton HM 11</div>
      <div style="text-align: center;">Bermuda</div>
      <div style="text-align: center;">(Address of principal executive offices)</div>
      <div><br>
      </div>
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      <div><br>
      </div>
      <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
      <div> <br>
      </div>
      <div style="text-align: center;">Form 20-F <font style="font-family: 'Segoe UI Symbol', 'Segoe UI Symbol', sans-serif; color: #000000;">&#9745;</font> Form 40-F &#9744;</div>
      <div> <br>
      </div>
      <div>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>
      <div> <br>
      </div>
      <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _____</div>
      <div><br>
      </div>
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      <div>
        <div style="color: #000000;"><u>Press Releases</u></div>
        <div>&#160;</div>
        <div>The press release issued by DHT Holdings, Inc. (the <font style="color: #000000;">&#8220;</font>Company<font style="color: #000000;">&#8221;</font>) on August 9, 2021 related to its results for the second quarter of 2021 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</div>
        <div>&#160;</div>
        <div style="color: #000000;"><u>Incorporation by Reference</u></div>
        <div>&#160;</div>
        <div>Exhibit 99.1 to this Report on Form 6-K shall be incorporated by reference into the Company<font style="color: #000000;">&#8217;</font>s registration statement on Form F-3 (file No. 333-239430), initially filed with the Securities and Exchange Commission on June 25, 2020, as amended, 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="color: #000000; font-weight: bold;">EXHIBIT LIST</div>
      <div><br>
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              <div style="color: #000000; font-weight: bold;">Exhibit</div>
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            <td style="width: 3.96%; vertical-align: bottom;">&#160;</td>
            <td style="width: 84.16%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="color: #000000; font-weight: bold;">Description</div>
            </td>
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            <td style="width: 11.88%; vertical-align: top;">&#160;</td>
            <td style="width: 3.96%; vertical-align: bottom;">&#160;</td>
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            <td style="width: 11.88%; vertical-align: top;">
              <div>99.1</div>
            </td>
            <td style="width: 3.96%; vertical-align: bottom;">&#160;</td>
            <td style="width: 84.16%; vertical-align: top;">
              <div>Press Release dated August 9, 2021</div>
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      <div style="text-align: center; color: #000000; font-weight: bold;">&#160;SIGNATURES</div>
      <div><br>
      </div>
      <div>
        <div>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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            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>DHT Holdings, Inc.</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
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            <td style="width: 3%; vertical-align: top;">&#160;</td>
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              <div>(Registrant)</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
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            <td style="width: 3%; vertical-align: top;">&#160;</td>
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            <td style="width: 12%; vertical-align: top;">&#160;</td>
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              <div>Date: August 9, 2021</div>
            </td>
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              <div>By:</div>
            </td>
            <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/s/ Laila C. Halvorsen</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
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            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: bottom;">
              <div>Name:</div>
            </td>
            <td style="width: 31%; vertical-align: bottom;">
              <div>Laila C. Halvorsen</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td style="width: 4%; vertical-align: top;">
              <div>Title:</div>
            </td>
            <td style="width: 31%; vertical-align: top;">
              <div>Chief Financial Officer</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
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            <td style="width: 50%; vertical-align: top;">&#160;</td>
            <td style="width: 3%; vertical-align: top;">&#160;</td>
            <td colspan="2" style="vertical-align: top;">&#160;</td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
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    <div><br>
    </div>
    <div><img src="image1.jpg"></div>
    <div>
      <div style="text-align: center; font-family: Arial; font-size: 14pt; font-weight: bold;">DHT Holdings, Inc. Second Quarter 2021 Results </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="margin-right: 24.6pt; font-family: Arial;">HAMILTON, BERMUDA, August 9, 2021 &#8211; DHT Holdings, Inc. (NYSE:DHT) (&#8220;DHT&#8221; or the &#8220;Company&#8221;) today announced:</div>
      <div><br>
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      <div style="color: #000000; font-family: Arial; font-weight: bold;">FINANCIAL HIGHLIGHTS:<br>
      </div>
      <br>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z32784751691a4a12a3286fc1e85b3983">

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              <td nowrap="nowrap" style="width: 31.09%; vertical-align: bottom; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.00pt solid;">
                <div style="color: #000000; font-family: Arial; font-weight: bold;">USD mill. (except per share)</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; background-color: #D9D9D9; border-right: #359B8A 1.50pt solid; border-top: #359B8A 1.50pt solid; border-bottom: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q2 2021</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; background-color: #D9D9D9; border-left: #359B8A 1.50pt solid; border-right: #7F7F7F 2.25pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q1 2021</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; background-color: #D9D9D9; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q4 2020</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q3 2020</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q2 2020</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">2020</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">2019</div>
              </td>
            </tr>
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              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid; border-top: #000000 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">Shipping revenues</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid; border-top: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">65.9</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid; border-top: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">87.0</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #000000 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">91.0</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">142.2</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">245.9</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">691.0</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #000000 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">535.1</div>
              </td>
            </tr>
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              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">Adjusted net revenue<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup></div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">45.3</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid;">
                <div style="text-align: right; font-family: Arial;">71.3</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">77.7</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">117.5</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">202.7</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">550.5</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">347.6</div>
              </td>
            </tr>
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              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">Adjusted EBITDA<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup></div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">21.0</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid;">
                <div style="text-align: right; font-family: Arial;">46.7</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">51.1</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">92.9</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">178.0</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">450.4</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">254.5</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">Net income/(loss) after tax</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">0.8</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid;">
                <div style="text-align: right; font-family: Arial;">11.6</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">7.6<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">50.7<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">135.8</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">266.3<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup></div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">73.7</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">EPS &#8211; basic</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">0.00</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid;">
                <div style="text-align: right; font-family: Arial;">0.07</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.04</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.32</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.92</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">1.71</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">0.51</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">EPS &#8211; diluted<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">4</sup></div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">0.00</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid;">
                <div style="text-align: right; font-family: Arial;">0.07</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.04</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.31</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.81</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">1.61</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">0.51</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">Dividend<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup></div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">0.02</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid;">
                <div style="text-align: right; font-family: Arial;">0.04</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.05</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.20</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">0.48</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">1.08</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">0.47</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">Interest bearing debt</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">526.2</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid;">
                <div style="text-align: right; font-family: Arial;">574.7</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">450.0</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">492.4</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">719.2</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">450.0</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">851.0</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">Cash and cash equivalents</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">52.2</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid;">
                <div style="text-align: right; font-family: Arial;">54.0</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">68.6</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">75.1</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">137.7</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">68.6</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">67.4</div>
              </td>
            </tr>
            <tr>
              <td nowrap="nowrap" style="width: 31.09%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
                <div style="color: #000000; font-family: Arial;">Net debt</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #359B8A 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial; font-weight: bold;">473.9</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-right: #7F7F7F 2.25pt solid; border-bottom: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">520.7</div>
              </td>
              <td style="width: 9.58%; vertical-align: bottom; border-left: #7F7F7F 2.25pt solid; border-right: #7F7F7F 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">381.3</div>
              </td>
              <td style="width: 10.23%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">417.3</div>
              </td>
              <td nowrap="nowrap" style="width: 10.09%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; font-family: Arial;">581.5</div>
              </td>
              <td style="width: 8.85%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">381.3</div>
              </td>
              <td nowrap="nowrap" style="width: 9.7%; vertical-align: bottom; border-left: #7F7F7F 1.50pt solid; border-right: #7F7F7F 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial;">783.6</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="color: #000000; font-family: Arial; font-weight: bold;">QUARTERLY HIGHLIGHTS:</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z5a26ef3aa2a94304977144f35a31f4c1">

            <tr>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 94.02%; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial;">In the second quarter of 2021, the Company&#8217;s VLCCs achieved an average rate of $19,500 per day.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 94.02%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 94.02%; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial;">Adjusted EBITDA for the second quarter of 2021 was $21.0 million. Net income for the quarter was $0.8 million which equates to $0.00 per basic share. The result includes a profit related
                  to sale of vessels of $13.6 million and non-cash gains in fair value related to interest rate derivatives of $2.2 million and to the refinancing of $3.0 million.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 94.02%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 94.02%; vertical-align: top;">
                <div style="font-family: Arial;">For the first half of 2021, the Company&#8217;s VLCCs achieved an average rate of $25,500 per day and net income was $12.4 million.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 94.02%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 94.02%; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial;">For the second quarter of 2021, the Company will return $25.8 million to shareholders. The return of capital is comprised of $22.5 million in the form of share buyback and $3.4 million
                  in the form of a cash dividend. The cash dividend of $0.02 per share of outstanding common stock is payable on August 26, 2021 to shareholders of record as of August 19, 2021. This marks the 46<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> consecutive quarterly dividend. The shares will trade ex-dividend from August 18, 2021.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 94.02%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 94.02%; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial;">On April 12, 2021, the Company took delivery of DHT Osprey, the second of the two VLCCs acquired in January 2021. The first vessel, DHT Harrier, was delivered on February 18, 2021.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 94.02%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 94.02%; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial;">In the second quarter of 2021, the Company entered into three separate agreements to sell its three 2004 built VLCCs, DHT Raven, DHT Lake and DHT Condor, for an aggregate of $88.75
                  million. DHT Raven was delivered April 28, DHT Lake was delivered May 11, and DHT Condor was delivered July 8. The Company booked a profit of $13.6 million in the second quarter of 2021 related to the sale of DHT Raven and DHT Lake and
                  expects to book a profit of about $1.5 million in the third quarter of 2021 related to the sale of DHT Condor.</div>
              </td>
            </tr>

        </table>
      </div>
      <br>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">1</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z4714acd2dcc74fb99d00e20c9aa5c08f">

            <tr>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 96.01%; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial;">In May 2021, the Company entered into agreement with seven banks for a new $316.2 million credit facility with Nordea as agent. In June 2021, the Company drew down $233.8 million under
                  the new facility and repaid the total outstanding under the old facility, amounting to $175.9 million. The new facility <font style="color: #000000;">bears interest at a rate equal to Libor + 1.90% and has final maturity in January 2027.
                    Additionally, the facility includes an uncommitted &#8220;accordion&#8221; of $250 million.</font></div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 96.01%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 96.01%; vertical-align: top;">
                <div style="text-align: justify; font-family: Arial;">In June 2021, the Company paid down a total of $99.5 million on the ABN Amro Credit Facility. The total comprised of a) $60.0 million repayment under the revolving tranche, b) $33.4
                  million prepayment of all regular installments for 2022, and c) $6.1 million repayment of the loan on DHT Condor.</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <br>
      <div style="text-align: justify; font-family: Arial; font-weight: bold;">Interest bearing debt&#160; -&#160; Notional amount</div>
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z05d1aeb1ee0d4394afb29c244436d76d">

          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-width: 1.5pt; border-style: solid; border-color: rgb(128, 128, 128) rgb(53, 155, 138) rgb(0, 0, 0) rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-weight: bold;">USD mill.</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; background-color: #D9D9D9; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid; border-top: #359B8A 1.50pt solid; border-bottom: #000000 1.50pt solid;">&#160;</td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 1.5pt solid rgb(53, 155, 138); border-top: 1.5pt solid rgb(0, 0, 0);">
              <div style="color: #000000; font-family: Arial;">Opening balance January 1, 2021</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid; border-top: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">454.7</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 1.5pt solid rgb(53, 155, 138);">
              <div style="color: #000000; font-family: Arial;">Scheduled repayments</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">(2.6)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 1.5pt solid rgb(53, 155, 138);">
              <div style="color: #000000; font-family: Arial;">Repayment in connection with sale of vessel</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">(6.1)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 1.5pt solid rgb(53, 155, 138);">
              <div style="color: #000000; font-family: Arial;">Repayment in connection with refinancing</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">(175.9)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 1.5pt solid rgb(53, 155, 138);">
              <div style="color: #000000; font-family: Arial;">Drawdown Nordea Credit Facility</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">233.8</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 1.5pt solid rgb(53, 155, 138);">
              <div style="color: #000000; font-family: Arial;">Prepayment ABN Amro 2022 installments</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">(33.4)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 1.5pt solid rgb(53, 155, 138);">
              <div style="color: #000000; font-family: Arial;">Drawdown under revolving credit facilities *)</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">125.0</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 1.5pt solid rgb(53, 155, 138);">
              <div style="color: #000000; font-family: Arial;">Prepayment under revolving credit facility **)</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">(60.0)</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 81%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-width: 1pt 1.5pt 1.5pt; border-style: solid; border-color: rgb(128, 128, 128) rgb(53, 155, 138) rgb(128, 128, 128) rgb(128, 128, 128);">
              <div style="color: #000000; font-family: Arial; font-weight: bold;">Balance notional debt as of June 30, 2021 ***)</div>
            </td>
            <td nowrap="nowrap" style="width: 17.94%; vertical-align: bottom; border-left: #359B8A 1.50pt solid; border-right: #359B8A 1.50pt solid; border-top: #808080 1.00pt solid; border-bottom: #359B8A 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">535.5</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; font-family: Arial; font-style: italic;">*) Consist of $65.0 million under the 2017 Nordea Credit Facility and $60.0 million under the ABN Amro Credit Facility which were drawn in the first quarter of 2021 to partly
        fund the acquisition of DHT Harrier and DHT Osprey.</div>
      <div style="text-align: justify; font-family: Arial; font-style: italic;">**) Prepayment of $60 million under the ABN Amro Credit Facility in the second quarter of 2021.</div>
      <div style="text-align: justify; font-family: Arial; font-style: italic;">***) Please also see Note 4 &#8211; Interest bearing debt.</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="color: #000000; font-family: Arial; font-weight: bold;">OPERATIONAL HIGHLIGHTS:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z141ba4fa28394d47bc335761f8255e3b">

          <tr>
            <td nowrap="nowrap" style="width: 32.16%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">&#160;</td>
            <td style="width: 9.55%; vertical-align: middle; background-color: #D9D9D9; border-right: #359B8A 1.50pt solid; border-top: #359B8A 1.50pt solid; border-bottom: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q2 2021</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; background-color: #D9D9D9; border-left: #359B8A 1.50pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q1 2021</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q4 2020</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q3 2020</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">Q2 2020</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">2020</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #7F7F7F 1.50pt solid; border-bottom: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">2019</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 32.16%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid; border-top: #000000 1.50pt solid;">
              <div style="color: #000000; font-family: Arial;">Operating days<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup></div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #359B8A 1.50pt solid; border-top: #000000 1.50pt solid;">
              <div style="text-align: right; font-family: Arial; font-weight: bold;">2,513.4</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #359B8A 1.50pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #000000 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">2,471.6</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #000000 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">2,484.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #000000 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">2,484.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #000000 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">2,457.0</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid; border-top: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">9,882.0</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.50pt solid; border-top: #000000 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">9,855.0</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 32.16%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="color: #000000; font-family: Arial;">Scheduled off hire days</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; font-family: Arial; font-weight: bold;">99.8</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #359B8A 1.50pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">231.9</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">180.0</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">20.6</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">5.8</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">255.5</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">352.6</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 32.16%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="color: #000000; font-family: Arial;">Unscheduled off hire days</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; font-family: Arial; font-weight: bold;">2.6</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #359B8A 1.50pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">1.4</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">4.1</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">18.5</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">16.2</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">77.7</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">33.9</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 32.16%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="color: #000000; font-family: Arial;">Revenue days<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup></div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; font-family: Arial; font-weight: bold;">2,325.3</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #359B8A 1.50pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">2,238.3</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">2,299.9</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">2,444.9</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">2,435.0</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">9,548.8</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">9,468.5</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 32.16%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="color: #000000; font-family: Arial;">Spot exposure<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8</sup></div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; font-family: Arial; font-weight: bold;">48.5%</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #359B8A 1.50pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">38.2%</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">39.3%</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">60.8%</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">70.1%</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">63.5 %</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; color: #000000; font-family: Arial;">83.1%</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 32.16%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid;">
              <div style="color: #000000; font-family: Arial;">VLCC time charter rate per day</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #359B8A 1.50pt solid;">
              <div style="text-align: right; font-family: Arial; font-weight: bold;">$&#160; 28,200</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #7F7F7F 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">&#160; $39,400</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #808080 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">$41,700</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #808080 1.00pt solid; border-right: #808080 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">$53,000</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #808080 1.00pt solid; border-right: #808080 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">$62,700</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #808080 1.00pt solid; border-right: #808080 1.00pt solid;">
              <div style="text-align: right; font-family: Arial;">$50,400</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #808080 1.00pt solid; border-right: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">$38,400</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 32.16%; vertical-align: middle; background-color: #D9D9D9; border-left: #7F7F7F 1.50pt solid; border-right: #359B8A 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
              <div style="color: #000000; font-family: Arial;">VLCC spot rate per day</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #359B8A 1.50pt solid; border-bottom: #359B8A 1.50pt solid;">
              <div style="text-align: right; font-family: Arial; font-weight: bold;">$&#160; 10,200</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-right: #7F7F7F 1.00pt solid; border-bottom: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">&#160; $18,700</div>
            </td>
            <td style="width: 9.55%; vertical-align: middle; border-left: #7F7F7F 1.00pt solid; border-right: #808080 1.00pt solid; border-bottom: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">$19,200</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #808080 1.00pt solid; border-right: #808080 1.00pt solid; border-bottom: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">$44,900</div>
            </td>
            <td nowrap="nowrap" style="width: 10.05%; vertical-align: middle; border-left: #808080 1.00pt solid; border-right: #808080 1.00pt solid; border-bottom: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">$92,100</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #808080 1.00pt solid; border-right: #808080 1.00pt solid; border-bottom: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">$62,000</div>
            </td>
            <td nowrap="nowrap" style="width: 9.55%; vertical-align: middle; border-left: #808080 1.00pt solid; border-right: #7F7F7F 1.50pt solid; border-bottom: #7F7F7F 1.50pt solid;">
              <div style="text-align: right; font-family: Arial;">$36,400</div>
            </td>
          </tr>

      </table>
      <div><br>
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      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zf2a5fd80906f4534a6b34130d427f892">

            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 88.47%; vertical-align: top;">
                <div style="font-family: Arial;">Scheduled off hire for the quarter was 100 days as the Company took advantage of the weak freight market to bring forward dry dockings and planned installations of scrubbers and ballast water treatment
                  systems.</div>
              </td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 88.47%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 3%; vertical-align: top;">&#160;</td>
              <td style="width: 3%; vertical-align: top;">
                <div style="font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></div>
              </td>
              <td style="width: 88.47%; vertical-align: top;">
                <div style="font-family: Arial;">Our business remains impacted by the Covid-19 virus outbreak with operational challenges related to our seafarers and our ability to change crews at regular intervals. There are still numerous restrictions
                  affecting crew changes with strict transit and quarantine procedures and a limited number of geographical options to execute crew changes. We continue to do everything we reasonably can to facilitate safe and regular crew changes.</div>
              </td>
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              <td rowspan="1" style="width: 88.47%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
              <td rowspan="1" style="width: 88.47%; vertical-align: top; font-family: Arial; text-align: justify;">The virus outbreak led to reduced global consumption of refined oil products resulting in a build-up of shore-based inventories of both
                feedstock and end products. Further, leading oil producers have reduced supply with the view to rebalance the oil markets. As such, demand is partly being satisfied by drawing down on inventories, resulting in reduced demand for
                transportation. We note that as of late, decreases in inventories and estimates of demand are slowly resuming indicating a recovery in demand for oil transportation in the conceivable future. <br>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
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      <br>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z580a8b459e6f45f89e612b80e44fb390">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-family: Arial;">As of June 30, 2021, DHT had a fleet of 27 VLCCs. The total dwt of the fleet was 8,363,707. For more details on the fleet, please refer to the web site: <font style="color: #0000FF;"><u>https://www.dhtankers.com/fleetlist/</u></font></div>
            </td>
          </tr>

      </table>
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      <div><br>
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      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial; font-weight: bold;">SUBSEQUENT EVENT HIGHLIGHTS:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd064f53d5730432fa1c39fd5a560732d">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right; color: #000000; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: #000000; font-family: Arial;">On July 8, 2021, DHT Condor was delivered to its new owner and the Company expects to book a profit of about $1.5 million in the third quarter of 2021 related to the sale.</div>
            </td>
          </tr>

      </table>
      <div><br>
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      <div><br>
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      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial; font-weight: bold;">OUTLOOK:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z21871ae26fcc42c6b444577d3a0bfcbb">

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            <td style="width: -0.3pt;"><br>
            </td>
            <td style="width: 17.85pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-family: Arial;">Thus far in the third quarter of 2021, 64% of the available VLCC days have been booked at an average rate of $22,100 per day on a discharge to discharge basis (not including any potential profit splits on time
                charters).</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbe4bc43d506a4b509e201f53d470596e">

          <tr>
            <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-family: Arial;">The Company will continue to take advantage of the weak freight market to bring forward dry dockings and planned installations of scrubbers and ballast water treatment systems. Scheduled off hire is expected
                to be in the range between 80 and 100 days during the third quarter of 2021.</div>
            </td>
          </tr>

      </table>
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      </div>
      <div style="text-align: justify; margin-right: 4.25pt; font-family: Arial;"><u>Footnotes:</u></div>
      <div style="color: #000000; font-family: Arial; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup>Shipping revenues net of voyage expenses.</div>
      <div style="color: #000000; font-family: Arial; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> Shipping revenues net of voyage expenses, vessel operating expenses and general and administrative
        expenses. As showed in the table for reconciliation of non-GAAP measures.</div>
      <div style="color: #000000; font-family: Arial; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup>Q4 2020 includes impairment charge of $7.6 million. Q3 2020 includes impairment charge of $ 4.9
        million. 2020 includes impairment charge of $12.6 million.</div>
      <div style="color: #000000; font-family: Arial; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">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="color: #000000; font-family: Arial; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">5</sup>Per common share.</div>
      <div style="color: #000000; font-family: Arial; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">6</sup>Operating days are the aggregate number of calendar days in the period in which the vessels are
        owned by the Company or chartered by the Company.</div>
      <div style="color: #000000; font-family: Arial; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">7</sup>Revenue days are the aggregate number of calendar days in the period in which the vessels are owned
        by the Company or chartered by the Company less days on which a vessel is off hire.</div>
      <div style="color: #000000; font-family: Arial; font-style: italic;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">8 </sup>As % of total operating days in period.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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      </div>
      <div><br>
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      <div><br>
      </div>
      <div style="color: #000000; font-family: Arial; font-weight: bold;"><u>SECOND QUARTER 2021 FINANCIALS</u></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;"><font style="color: #000000;">The Company reported shipping revenues for the second quarter of 2021 of $65.9 million compared to shipping revenues of $245.9 million in the second quarter of 2020.</font>&#160;<font style="color: #000000;">The decrease from the 2020 period to the 2021 period includes $168.9 million attributable to lower tanker rates and $11.1 million attributable to a decrease in total revenue days as a result of scheduled off hire in
          connection with special surveys and scrubber installations. </font><font style="color: #000000;">The Company took advantage of the weak freight market to bring forward dry dockings and planned installations of scrubbers and ballast water
          treatment systems.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Voyage expenses for the second quarter of 2021 were $20.7 million, compared to voyage expenses of $43.2 million in the second quarter of 2020.&#160;The decrease was due to fewer vessels
        in the spot market representing a $15.3 million decrease in bunker expenses, a $2.5 million decrease in port cost and a $2.1 million decrease in broker commission.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Vessel operating expenses for the second quarter of 2021 were $19.6 million compared to $19.7 million in the second quarter of 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Depreciation and amortization, including depreciation of capitalized survey expenses, was $32.2 million for the second quarter of 2021, compared to $30.8 million in the second
        quarter of 2020. The increase was due to increased depreciation related to scrubbers of $1.4 million.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">The Company recorded a profit of $13.6 million for the second quarter of 2021 related to the sale of DHT Raven and DHT Lake.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">General &amp; administrative expense (&#8220;G&amp;A&#8221;) for the second quarter of 2021 was $4.7 million, consisting of $3.8 million cash and $0.9 million non-cash charge, compared to $5.0
        million in the second quarter of 2020, consisting of $3.1 million cash and $1.9 million non-cash charge. Non-cash G&amp;A includes accrual for social security tax.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;"><font style="color: #000000;">Net financial expenses for the second quarter of 2021 were $1.7 million compared to $11.2 million in the second quarter of 2020. The decrease was mainly due a $4.0
          million decrease in interest expenses due to reduced outstanding debt</font> and a reduction in 3-Month Libor<font style="color: #000000;">,</font> a $3.0 million gain related to the debt modification, in addition to a non-cash gain of $2.2
        million related to interest rate derivatives in the second quarter of 2021 compared to a non-cash loss of $0.1 million in the second quarter of 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">As a result of the foregoing, the Company had net income in the second quarter of 2021 of $0.8 million, or income of $0.00 per basic share and $0.00 per diluted share, compared to
        net income in the second quarter of 2020 of $135.8 million, or an income of $0.92 per basic share and $0.81 per diluted share. The decrease from the 2020 period to the 2021 period was mainly due to lower tanker rates.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;"><font style="color: #000000;">Net cash provided by operating activities for the second quarter of 2021 was $33.9 million compared to $186.6 million for the second </font>quarter of 2020<font style="color: #000000;">. The change of $152.7 million is comprised of a $135.0 million decrease in net income, a $20.0 million decrease in non-cash items included in net income, partially offset by a $2.3 million increase in changes in operating
          assets and liabilities.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Net cash provided by investing activities was $40.1 million in the second quarter of 2021 comprising $57.5 million related to sale of vessels, partially offset by $17.3 million
        related to investment in vessels. Net cash used in investing activities was $9.7 million in the second quarter of 2020 and was mainly related to investment in vessels.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Net cash used in financing activities for the second quarter of 2021 was $75.8 million comprising $175.9 million related to repayment of long-term debt in connection with
        refinancing, $93.4 million related to prepayment of long-term debt, $22.5 million related to purchase of treasury shares, $6.8 million related to cash dividend paid, $6.1 million related to repayment of long-term debt in connection with sale of
        vessel and $1.9 million related to scheduled repayment of long-term debt, partially offset by $230.9 million related to issuance of long-term debt. Net cash used in financing activities for the second quarter of 2020 was $115.0 million comprising
        $59.2 million related to prepayment of long-term debt, $51.5 million related to cash dividend paid and $17.7 million related to scheduled repayment of long-term debt, partially offset by $13.5 million related to issuance of long-term debt.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;"><font style="color: #000000;">As of June 30, 2021, the cash balance </font>was $52.2 million, compared to <font style="color: #000000;">$68.6 million as of December 31, 2020.</font></div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">4</font></div>
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      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">The Company monitors its covenant compliance on an ongoing basis. As of the date of the most recent compliance certificates submitted for the second quarter of 2021, the Company is
        in compliance with its financial covenants.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;">As of June 30<font style="color: #000000;">, 2021</font>, the Company had 167,918,183 shares of common stock outstanding compared to 170,798,328 shares as of December 31<font style="color: #000000;">, 2020.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;"><font style="color: #000000;">The Company declared a cash dividend of $0.02 per common share for the second quarter of 2021 </font>payable on August 26, 2021 for shareholders of record as of
        August 19, 2021.</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-right: 4.25pt; font-family: Arial; font-weight: bold;"><u>FIRST HALF 2021 FINANCIALS</u></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">The Company reported shipping revenues for the first half of 2021 of $152.9 million compared to $457.9 million in the first half of 2020.&#160;The decrease from the 2020 period to the
        2021 period includes $282.0 million attributable to lower tanker rates and $22.9 million attributable to decreased total revenue days.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Voyage expenses for the first half of 2021 were $36.4 million compared to voyage expenses of $102.6 million in the first half of 2020.&#160;The decrease was due to fewer vessels in the
        spot market representing a $53.2 million decrease in bunker expenses, a $8.2 million decrease in port expenses and a $3.7 million decrease in broker commission.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Vessel operating expenses for the first half of 2021 were $38.6 million, compared to $39.5 million in the first half of 2020. The decrease was mainly related to up-storing of
        spares and consumables in 2020 in relation to IMO2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Depreciation and amortization, including depreciation of capitalized survey expenses, was $64.2 million for the first half of 2021, compared to $61.1 million in the first half of
        2020. The increase was mainly due to increased depreciation related to scrubbers of $2.3 million and increased depreciation related to capitalized survey expenses of $1.1 million.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">The Company recorded a profit of $13.6 million for the first half of 2021 related to the sale of DHT Raven and DHT Lake.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">G&amp;A for the first half of 2021 was $10.2 million, consisting of $7.4 million cash and $2.8 million non-cash charge, compared to $9.3 million, consisting of $6.5 million cash
        and $2.8 million non-cash charge for the first half of 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;"><font style="color: #000000;">Net financial expenses for the first half of 2021 were $4.6 million, compared to $36.7 million in the first half of 2020. The decrease was due to</font>&#160;<font style="color: #000000;">a non-cash gain of $5.7 million </font>related to interest rate derivatives in the first half of 2021 compared to a non-cash loss of $13.1 million in the first half of 2020, a $10.2 million decrease in interest expenses
        due to reduced outstanding debt and a reduction in 3-Month Libor<font style="color: #000000;"> and </font>a $3.0 million gain related to the debt modification recorded in the second quarter of 2021.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;"><font style="color: #000000;">The Company had net income for the first half of 2021 of $12.4 million, or income of $0.07 per basic share and $0.07 per diluted share compared to net income of
          $208.0 million, or income of $1.41 per basic share and $1.26 per diluted share in the first half of 2020. </font>The difference between the two periods mainly reflects higher tanker rates.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;"><font style="color: #000000;">Net cash provided by operating activities for the first half of 2021 was $44.8 million compared to</font> $<font style="color: #000000;">317.2 </font>million for the
        first half of 2020<font style="color: #000000;">. The decrease was mainly due to net income of $12.4 million in the first half of 2021 compared to net income of $208.0 million in the first half of 2020, $41.6 million related to changes in operating
          assets and liabilities and $35.3 million related to items included in net income not affecting cash flows.</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Net cash used in investing activities for the first half of 2021 was $101.0 million comprising $158.5 million related to investment in vessels, partially offset by $57.5 million
        related to sale of vessels. Net cash used in investing activities for the first half of 2020 was $12.8 million comprising $12.4 million related to investment in vessels and $0.4 million related to investment in property, plant and equipment.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">5</font></div>
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">Net cash provided by financing activities for the first half of 2021 was $39.8 million comprising $355.9 million related to issuance of long-term debt, partially offset by $175.9
        million related to repayment of long-term debt in connection with refinancing, $93.4 million related to prepayment of long-term debt, $22.5 million related to purchase of treasury shares, $15.4 million related to cash dividends paid, $6.1 million
        related to repayment of long-term debt in connection with sale of vessel and $2.6 million related to scheduled repayment of long-term debt. Net cash used in financing activities for the first half of 2020 was $234.1 million comprising $116.9
        million related to prepayment of long-term debt, $98.5 million related to cash dividends paid, $31.9 million related to scheduled repayment of long-term debt, partially offset by $13.5 million related to issuance of long-term debt.</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: #000000; font-family: Arial;">As of June 30, 2021, our cash balance was $52.2 million, compared to $68.6 million as of December 31, 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-family: Arial;">As of June 30<font style="color: #000000;">, 2021</font>, the Company had 167,918,183 shares of our common stock outstanding compared to 170,798,328 as of December 31<font style="color: #000000;">,
          2020.</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="color: #000000; font-family: Arial; font-weight: bold;"><u>RECONCILIATION OF NON-GAAP FINANCIAL MEASURES</u></div>
      <div style="color: #000000; font-style: italic;"><font style="font-style: normal; font-family: Arial;">The Company assesses the financial performance of its business using a variety of measures. Certain of these measures are termed &#8220;non-GAAP
          measures&#8221; because they exclude amounts that are included in, or include amounts that are excluded from, the most directly comparable measure calculated and presented in accordance with IFRS, or are calculated using financial measures that are not
          calculated in accordance with IFRS. These non-GAAP measures include &#8220;Adjusted Net Revenue&#8221;, &#8220;Adjusted EBITDA&#8221; and &#8220;Adjusted spot time charter equivalent per day&#8221;. The Company believes that these non-GAAP measures provide useful supplemental
          information for its investors and, when considered together with the Company&#8217;s IFRS financial measures and the reconciliation to the most directly comparable IFRS financial measure, provide a more complete understanding of the factors and trends
          affecting the Company&#8217;s operations. In addition, DHT&#8217;s management measures the financial performance of the Company, in part, by using these non-GAAP measures, along with other performance metrics. The Company does not regard these non-GAAP
          measures as a substitute for, or as superior to, the equivalent measures calculated and presented in accordance with IFRS. Additionally, these non-GAAP measures may not be comparable to other similarly titled measures used by other companies and
          should not be considered in isolation or as a substitute for analysis of the Company&#8217;s operating results as reported under IFRS.</font><br>
        <div>
          <div><br>
          </div>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z3b79ed963da9489495e3dceca3bdb416">

                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(36, 64, 98); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(255, 255, 255); font-family: Arial;">USD in thousands except time charter equivalent per day</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; background-color: rgb(36, 64, 98); border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102); border-top: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2021</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q1 2021</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4 2020</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q3 2020</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2020</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; background-color: rgb(36, 64, 98); border-left: 0.75pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2020</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; background-color: rgb(36, 64, 98); border-right: 2.25pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2019</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Reconciliation of adjusted net revenue</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Shipping revenues</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">65,940</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">86,983</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">90,992</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">142,196</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">245,942</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">691,039</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">535,068</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Voyage expenses</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(20,689)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(15,705)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(13,268)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(24,691)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(43,220)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(140,564)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(187,500)</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Adjusted net revenue</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-width: 1.5pt 2.25pt; border-style: solid; border-color: rgb(128, 128, 128) rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">45,251</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">71,278</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">77,724</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">117,506</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">202,721</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">550,475</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">347,568</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Reconciliation of adjusted EBITDA</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Net income/(loss) after tax</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">808</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">11,611</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">7,627</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">50,672</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">135,824</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">266,281</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">73,680</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Income tax expense</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(26)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">160</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">196</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">127</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">152</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">900</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">131</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Other financial (income)/expenses</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,805)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">644</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">81</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">181</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">147</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,334</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,790</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Fair value (gain)/loss on derivative financial liabilities</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,247)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(3,430)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,403)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,611)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">444</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">8,074</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">9,863</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Interest expense</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">7,049</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">6,033</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">6,296</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">8,863</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">11,022</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">38,408</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">55,332</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Interest income</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(0)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(1)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(12)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(3)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(98)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(212)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(1,077)</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Share of profit from associated companies</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(346)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(344)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(344)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(340)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(303)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(1,193)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(852)</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">(Profit)/loss, sale of vessel</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(13,597)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Impairment charges</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">7,640</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">4,920</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">12,560</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Depreciation and amortization</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">32,160</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">31,995</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">32,028</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">31,117</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">30,774</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">124,245</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">115,584</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Adjusted EBITDA</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-width: 1.5pt 2.25pt; border-style: solid; border-color: rgb(128, 128, 128) rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">20,995</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">46,668</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">51,108</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">92,926</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">177,962</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">450,397</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">254,452</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-right: 2.25pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(128, 128, 128); border-top: 2.25pt solid rgb(128, 128, 128);">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial; font-style: italic; font-weight: bold;">Reconciliation of adjusted spot time charter equivalent per day*</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 1.5pt solid rgb(128, 128, 128); border-right: 2.25pt solid rgb(51, 153, 102);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top;">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-right: 2.25pt solid rgb(128, 128, 128);">&#160;</td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(128, 128, 128);">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">Spot time charter equivalent per day</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-right: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">10,200</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">18,700</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">19,200</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">44,900</div>
                  </td>
                  <td style="width: 8%; vertical-align: top;">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">92,100</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-right: 2.25pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">62,000</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(128, 128, 128);">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial;">IFRS 15 impact on spot time charter equivalent per day**</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-right: 2.25pt solid rgb(51, 153, 102); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(600)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(51, 153, 102); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(1,400)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,300</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(4,200)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(4,900)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 0.75pt solid rgb(128, 128, 128); border-right: 2.25pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(2,600)</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(128, 128, 128);">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 44%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Adjusted spot time charter equivalent per day</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-width: 1.5pt 2.25pt; border-style: solid; border-color: rgb(128, 128, 128) rgb(51, 153, 102);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">9,600</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">17,300</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">20,500</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">40,600</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">87,200</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-width: 1.5pt 2.25pt 1.5pt 0.75pt; border-style: solid; border-color: rgb(128, 128, 128);">
                    <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">59,400</div>
                  </td>
                  <td style="width: 8%; vertical-align: top; border-left: 2.25pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
                </tr>

            </table>
          </div>
          <font style="font-family: Arial;">* Per revenue days. Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company less days on which a vessel is off hire.</font></div>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div style="text-align: left; color: #000000; font-style: italic;">** For vessels operating on spot charters, voyage revenues are calculated on a discharge-to-discharge basis. Under IFRS 15, spot charter voyage revenues are calculated on a
          load-to-discharge basis. IFRS 15 impact refers to the timing difference between discharge-to-discharge and load-to-discharge basis.</div>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">6</font></div>
          <div style="page-break-after:always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        </div>
        <div><br>
        </div>
        <div style="text-align: left; color: #000000; font-weight: bold;">EARNINGS CONFERENCE CALL AND WEBCAST INFORMATION</div>
        <div style="text-align: left;"><font style="color: #000000;">The Company will host a conference call </font>and webcast which will include a slide presentation<font style="color: #000000;"> at 8:00 a.m. EST/14:00 CET on Tuesday August 10, 2021</font><font style="font-weight: bold; color: #000000;">&#160;</font><font style="color: #000000;">to discuss the results for the quarter.</font></div>
        <div><br>
        </div>
        <div style="text-align: left;">All shareholders and other interested parties are invited to join the conference call, which may be accessed by calling +1 646 741 3167 <font style="color: #000000;">within the United States, +47 21 56 30 15 within
            Norway and +44 (0) 207 192 8338 for international callers</font>. The passcode is &#8220;9862427&#8221;.</div>
        <div><br>
        </div>
        <div style="text-align: left;">The webcast, which will include a slide presentation, will be available on the following link:</div>
        <div style="text-align: left;"><font style="color: #0000F5;"><u>https://edge.media-server.com/mmc/p/si5fhfd2</u></font> and can also be accessed in the Investor Relations section on DHT&#8217;s website at <font style="color: #0000F5;"><u>http://www.dhtankers.com</u></font><font style="color: #000000;">.</font></div>
        <div><br>
        </div>
        <div style="color: #000000;">An audio replay of the conference call will be available until August 17, 2021 at 19:00 CET. To access the replay, dial +1 917 677 7532 within the United States, +47 21 03 42 35 within Norway or +44 (0) 333 300 9785 for
          international callers and enter &#8220;9862427&#8221; as the confirmation code.</div>
        <div><br>
        </div>
        <div style="color: #000000; font-weight: bold;">ABOUT DHT HOLDINGS, INC.</div>
        <div><font style="color: #000000;">DHT is an independent crude oil tanker company. Our fleet trades </font>internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco,
          Singapore and Norway.&#160;You shall recognize us by our business approach with an experienced organization with focus on first rate operations and customer service, quality ships, prudent capital structure to accommodate staying power through the
          business cycles, a combination of market exposure and fixed income contracts for our fleet, a counter cyclical philosophy with respect to investments, employment of our fleet and capital allocation and a transparent corporate structure
          maintaining a high level of integrity and good governance. <font style="color: #000000;">For further information: </font>www.dhtankers.com<font style="color: #000000;">.</font></div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;">FORWARD LOOKING STATEMENTS</div>
        <div>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 March 25, 2021.</div>
        <div><br>
        </div>
        <div>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. 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>
        <div><br>
        </div>
        <div style="text-align: left; color: #000000;"><font style="font-weight: bold;">CONTACT</font>:</div>
        <div style="text-align: left; color: #000000;">Laila C. Halvorsen, CFO</div>
        <div style="text-align: left; color: #000000;">Phone: +1 441 295 1422 and +47 984 39 935</div>
        <div style="text-align: left;"><font style="color: #000000;">E-mail:</font>&#160;<font style="color: #0000F5;"><u>lch@dhtankers.com</u></font></div>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">7</font></div>
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            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
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        </div>
        <div style="text-align: center; font-size: 18pt; font-weight: bold;">DHT HOLDINGS, INC.</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
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        <div style="text-align: center; font-weight: bold;">UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;">AS OF JUNE 30, 2021</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">8</font></div>
          <div style="page-break-after:always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
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      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div style="text-align: center; margin-left: 3.9pt; color: #000000; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION</u></div>
        <div style="text-align: center; margin-left: 3.9pt; color: #000000; font-size: 8pt;">($ in thousands)</div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb59127eb9ab34e57831a2f77ee4046a6">

              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #244062; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 6.66%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-weight: bold;">Note</div>
                </td>
                <td style="width: 4.21%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">&#160;</td>
                <td colspan="2" style="width: 25.78%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-weight: bold;">June 30, 2021 (Unaudited)</div>
                </td>
                <td style="width: 21.59%; vertical-align: top; background-color: #244062; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                  <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-weight: bold;">December 31, 2020 (Audited)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #359B8A; border-left: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">
                  <div style="color: #FFFFFF; font-family: Arial; font-weight: bold;">ASSETS</div>
                </td>
                <td style="width: 6.66%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; background-color: #359B8A; border-right: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 0.75pt solid;">
                  <div style="color: #000000; font-family: Arial; font-style: italic; font-weight: bold;">Current assets</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Cash and cash equivalents</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">52,241</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">68,641</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Accounts receivable and accrued revenues</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">7</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">17,031</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">30,060</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Capitalized voyage expenses</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">431</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,039</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Prepaid expenses</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">6,775</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">6,685</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Bunkers, lube oils and consumables</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">20,577</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">11,854</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Asset held for sale</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">5</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">28,035</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">-</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">Total current assets</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial; font-weight: bold;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">125,090</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">118,279</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-style: italic; font-weight: bold;">Non-current assets</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Vessels and time charter contracts</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">5</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,510,086</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,476,436</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Advances for vessels and vessel upgrades</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">5</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">7,927</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">17,269</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Other property, plant and equipment</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">4,324</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">4,772</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Investment in associate company</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">5,858</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">5,233</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">Total non-current assets</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial; font-weight: bold;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,528,195</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,503,710</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">TOTAL ASSETS</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial; font-weight: bold;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,653,285</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,621,989</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #359B8A; border-left: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">
                  <div style="color: #FFFFFF; font-family: Arial; font-weight: bold;">LIABILITIES AND EQUITY</div>
                </td>
                <td style="width: 6.66%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; background-color: #359B8A; border-right: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 0.75pt solid;">
                  <div style="color: #000000; font-family: Arial; font-style: italic; font-weight: bold;">Current liabilities</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Accounts payable and accrued expenses</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">14,102</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">18,503</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Derivative financial liabilities</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">4</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">8,526</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">9,073</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Current portion long-term debt</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">4</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">9,783</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">3,396</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Other current liabilities</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">713</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">721</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Deferred shipping revenues</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">8</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">4,474</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">16,236</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">Total current liabilities</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial; font-weight: bold;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">37,598</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">47,929</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-style: italic; font-weight: bold;">Non-current liabilities</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Long-term debt</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">4</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">516,399</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">446,562</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Derivative financial liabilities</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">4</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">9,470</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">14,601</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Other non-current liabilities</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">3,608</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">3,957</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">Total non-current liabilities</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial; font-weight: bold;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">529,477</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">465,120</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">TOTAL LIABILITIES</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial; font-weight: bold;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">567,076</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">513,049</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-style: italic; font-weight: bold;">Equity</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Common stock at par value</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">6</div>
                </td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,679</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,708</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Additional paid-in capital</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,273,691</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,291,505</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Accumulated deficit</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">(191,695)</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">(188,709)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Translation differences</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">106</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">169</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Other reserves</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">2,403</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">4,248</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                  <div style="color: #000000; font-family: Arial;">Total equity attributable to the Company</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,086,184</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,108,921</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: rgb(217, 217, 217);">
                  <div style="color: #000000; font-family: Arial;">Non-controlling interest</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">25</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">19</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">Total equity</div>
                </td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">
                  <div style="text-align: center; color: #000000; font-family: Arial; font-weight: bold;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,086,209</div>
                </td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,108,940</div>
                </td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 6.66%; vertical-align: top;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top;">&#160;</td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 4.2%; vertical-align: top;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
              </tr>
              <tr>
                <td style="width: 41.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">TOTAL LIABILITIES AND EQUITY</div>
                </td>
                <td style="width: 6.66%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 4.21%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: center; color: #000000; font-family: Arial; font-weight: bold;">$</div>
                </td>
                <td style="width: 21.58%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,653,285</div>
                </td>
                <td style="width: 4.2%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
                <td style="width: 21.59%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,621,989</div>
                </td>
              </tr>

          </table>
        </div>
        <br>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div style="text-align: left; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">9</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
    </div>
    <div>
      <div style="text-align: center; font-family: Arial;">
        <p align="center" class="MsoNormal"><font lang="EN-GB"><font style="font-size: 12pt;"><u><font style="font-weight: bold;"> <br>
                </font></u></font></font></p>
        <p align="center" class="MsoNormal"><font lang="EN-GB"> <u><font style="font-weight: bold;">CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)</font></u><br>
            ($ in thousands except per share amounts)<br>
          </font></p>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb5e30197e7b849388635771928339415">

            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #244062; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td colspan="2" style="width: 7.08%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q2 2021</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q2 2020</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">1H 2021</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; background-color: #244062; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">1H 2020</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #244062; border-left: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td colspan="2" style="width: 7.08%; vertical-align: top; background-color: #244062; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Note</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; background-color: #244062; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Apr. 1 - Jun. 30, 2021</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; background-color: #244062; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Apr. 1 - Jun. 30, 2020</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; background-color: #244062; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Jun. 30, 2021</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; background-color: #244062; border-right: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Jun. 30, 2020</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 0.75pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Shipping revenues</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">3</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">65,940</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">245,942</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">152,923</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">457,850</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Operating expenses</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Voyage expenses</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(20,689)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(43,220)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(36,395)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(102,605)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Vessel operating expenses</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(19,585)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(19,721)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(38,640)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(39,548)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Depreciation and amortization</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(32,160)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(30,774)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(64,155)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(61,100)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Profit /( loss), sale of vessel</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">13,597</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">13,597</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">General and administrative expense</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(4,671)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(5,039)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(10,226)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(9,334)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total operating expenses</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(63,508)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(98,754)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(135,818)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(212,587)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 0.75pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Operating income</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">2,432</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">147,188</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">17,105</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">245,263</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Share of profit from associated companies</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">346</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">303</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">690</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">510</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest income</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">0</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">98</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">196</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest expense</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(7,049)</div>
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              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(11,022)</div>
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              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(13,082)</div>
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              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(23,249)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Fair value gain/(loss) on derivative financial liabilities</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">2,247</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(444)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">5,677</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(13,088)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other financial (expense)/income</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">2,805</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(147)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">2,161</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(1,072)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Profit/(loss) before tax</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">781</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">135,976</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">12,553</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">208,560</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Income tax expense</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">26</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(152)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(133)</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(577)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Net income/(loss) after tax</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">808</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">135,824</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">12,419</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">207,982</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Attributable to owners of non-controlling interest</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Attributable to the owners of parent</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">803</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">135,819</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">12,413</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">207,979</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Basic net income/(loss) per share</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">0.00</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">0.92</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">0.07</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1.41</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Diluted net income/(loss) per share</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">0.00</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">0.81</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">0.07</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1.26</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Weighted average number of shares (basic)</div>
              </td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">170,930,454</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">147,152,294</div>
              </td>
              <td style="width: 12.85%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">171,108,064</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">147,046,601</div>
              </td>
            </tr>
            <tr>
              <td style="width: 41.53%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Weighted average number of shares (diluted)</div>
              </td>
              <td style="width: 3.54%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.54%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">171,031,128</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">169,954,997</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">171,191,021</div>
              </td>
              <td style="width: 12.85%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">169,248,476</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="font-family: Arial;"> <br>
      </div>
      <div style="text-align: center; font-family: Arial;">
        <div style="font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">10</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: center; font-family: Arial;">
        <p align="center" class="MsoNormal" style="mso-layout-grid-align: none; text-autospace: none;"><font style="font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)</u></font><br>
          ($ in thousands except per share amounts)<font lang="EN-GB" style="mso-bidi-font-family:Arial; mso-ansi-language:EN-GB"><br>
          </font></p>
      </div>
      <div style="font-family: Arial;">
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z88db0770c2ab49b08c98a93537350a05">

            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #244062; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td colspan="2" style="width: 6.46%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q2 2021</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Q2 2020</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">1H 2021</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; background-color: #244062; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">1H 2020</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #244062; border-left: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td colspan="2" style="width: 6.46%; vertical-align: top; background-color: #244062; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Note</div>
              </td>
              <td style="width: 12.04%; vertical-align: top; background-color: #244062; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Apr. 1 - Jun. 30, 2021</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; background-color: #244062; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Apr. 1 - Jun. 30, 2020</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; background-color: #244062; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Jun. 30, 2021</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; background-color: #244062; border-right: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">Jan. 1 - Jun. 30, 2020</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 0.75pt solid;">
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              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 12.04%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">808</div>
              </td>
              <td style="width: 12.74%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">135,824</div>
              </td>
              <td style="width: 11.08%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">12,419</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">207,982</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top;">&#160;</td>
              <td style="width: 12.74%; vertical-align: top;">&#160;</td>
              <td style="width: 11.08%; vertical-align: top;">&#160;</td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic; font-weight: bold;">Other comprehensive income/(loss):</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top;">&#160;</td>
              <td style="width: 12.74%; vertical-align: top;">&#160;</td>
              <td style="width: 11.08%; vertical-align: top;">&#160;</td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">Items that will not be reclassified subsequently to income statement:</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top;">&#160;</td>
              <td style="width: 12.74%; vertical-align: top;">&#160;</td>
              <td style="width: 11.08%; vertical-align: top;">&#160;</td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Remeasurement of defined benefit obligation (loss)</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Total</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.04%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">Items that may be reclassified subsequently to income statement:</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top;">&#160;</td>
              <td style="width: 12.74%; vertical-align: top;">&#160;</td>
              <td style="width: 11.08%; vertical-align: top;">&#160;</td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Exchange gain/(loss) on translation of foreign currency</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top;">&#160;</td>
              <td style="width: 12.74%; vertical-align: top;">&#160;</td>
              <td style="width: 11.08%; vertical-align: top;">&#160;</td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">denominated associate and subsidiary</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(63)</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">63</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(121)</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(98)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Total</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.04%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(63)</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">63</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(121)</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(98)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top;">&#160;</td>
              <td style="width: 12.74%; vertical-align: top;">&#160;</td>
              <td style="width: 11.08%; vertical-align: top;">&#160;</td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 0.75pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Other comprehensive income/(loss)</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.04%; vertical-align: top; border-top: #808080 0.75pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(63)</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; border-top: #808080 0.75pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">63</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; border-top: #808080 0.75pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(121)</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 0.75pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(98)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.74%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 11.08%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Total comprehensive income/(loss) for the period</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.04%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">745</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">135,887</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">12,298</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">207,884</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 12.04%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.74%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 11.08%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Attributable to owners of non-controlling interest</div>
              </td>
              <td style="width: 3.18%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.04%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
              </td>
              <td style="width: 12.74%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
              </td>
              <td style="width: 11.08%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
              </td>
            </tr>
            <tr>
              <td style="width: 46.61%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Attributable to the owners of parent</div>
              </td>
              <td style="width: 3.18%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 12.04%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">740</div>
              </td>
              <td style="width: 12.74%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">135,882</div>
              </td>
              <td style="width: 11.08%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">12,292</div>
              </td>
              <td style="width: 11.06%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">207,880</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: center; font-family: Arial;">
        <p align="center" class="MsoNormal"><i style="mso-bidi-font-style: normal"><font style="font-size:8.5pt;mso-bidi-font-family:Arial;mso-ansi-language: EN-US;mso-fareast-language:EN-US">The accompanying notes are an integral part of these unaudited
              condensed consolidated financial statements</font></i></p>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">11</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div style="text-align: center; font-weight: bold;"><u>CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED</u>)</div>
        <div style="text-align: center;">($ in thousands)</div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;">
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              <td rowspan="1" style="width: 39.23%; vertical-align: top; background-color: #244062; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
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              <td rowspan="1" style="width: 39.23%; vertical-align: top; background-color: #244062; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
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              <td style="width: 3.28%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; background-color: #359B8A; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
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              <td style="width: 4.71%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
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              </td>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">808</div>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">12,419</div>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">207,982</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
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              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">14,641</div>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">34,621</div>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">45,185</div>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">80,446</div>
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            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Depreciation and amortization</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">32,160</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">30,774</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">64,155</div>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">61,100</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Amortization of upfont fees</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">827</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">1,833</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1,262</div>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">3,625</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;(Profit) / loss, sale of vessel</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(13,597)</div>
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              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">-</div>
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              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(13,597)</div>
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                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Fair value (gain) / loss on derivative financial liabilities</div>
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              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(2,247)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">444</div>
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              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(5,677)</div>
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              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">13,088</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Compensation related to options and restricted stock</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">892</div>
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              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">1,874</div>
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              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">2,781</div>
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              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">3,142</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160; (Gain) / loss modification of debt</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(3,049)</div>
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              <td style="width: 12.5%; vertical-align: top;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(3,049)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Share of profit in associated companies</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(346)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(303)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(690)</div>
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              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(510)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Income adjusted for non-cash items</div>
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              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">15,449</div>
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              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">170,446</div>
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              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">57,605</div>
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              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">288,429</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Changes in operating assets and liabilities</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">18,477</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">16,132</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(12,809)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">28,811</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Accounts receivable and accrued revenues</div>
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              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">12,756</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(11,396)</div>
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              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">13,028</div>
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              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">10,418</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Capitalized voyage expenses</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">129</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">2,398</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">609</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">2,471</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Prepaid expenses</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">289</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(362)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(90)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(521)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Accounts payable and accrued expenses</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">4,810</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(1,707)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(5,866)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(7,556)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Deferred shipping revenues</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">1,777</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">10,381</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(11,762)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">9,451</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Bunkers, lube oils and consumables</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(1,305)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">16,779</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(8,723)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">14,585</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">&#160;&#160;&#160;&#160;&#160;Pension liability</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">22</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">40</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(5)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-style: italic;">(38)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Net cash provided by operating activities</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">33,926</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">186,578</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">44,795</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">317,240</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #359B8A; border-left: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">CASH FLOW FROM INVESTING ACTIVITIES</div>
              </td>
              <td style="width: 4.71%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; background-color: #359B8A; border-right: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 0.75pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Investment in vessels</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(17,328)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(9,648)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(158,461)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(12,417)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Proceeds from sale of vessels</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">57,476</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">57,476</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Investment in property, plant and equipment</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(38)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(34)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(47)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(345)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Net cash provided by/(used in) investing activities</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">40,110</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(9,682)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(101,032)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(12,761)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #359B8A; border-left: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">
                <div style="color: #FFFFFF; font-family: Arial; font-size: 8pt; font-weight: bold;">CASH FLOW FROM FINANCING ACTIVITIES</div>
              </td>
              <td style="width: 4.71%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top; background-color: #359B8A; border-bottom: #808080 0.75pt solid;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; background-color: #359B8A; border-right: #808080 1.50pt solid; border-bottom: #808080 0.75pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 0.75pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash dividends paid</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(6,837)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(51,503)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(15,400)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(98,526)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Repayment principal element of lease liability</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(153)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(85)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(305)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(213)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Issuance of long-term debt</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
              </td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">230,946</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">13,500</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">355,946</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">13,500</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Purchase of treasury shares</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(22,469)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(22,469)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Scheduled repayment of long-term debt</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
              </td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(1,889)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(17,744)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(2,565)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(31,938)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Prepayment of long-term debt</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
              </td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(93,378)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(59,178)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(93,378)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(116,940)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Repayment of long-term debt refinancing</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
              </td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(175,933)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(175,933)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Repayment of long-term debt, sale of vessels</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">4,5</div>
              </td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(6,061)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(6,061)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Net cash (used in)/provided by financing activities</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(75,773)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(115,011)</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">39,837</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(234,117)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Net (decrease)/increase in cash and cash equivalents</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(1,737)</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">61,885</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(16,400)</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">70,361</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash and cash equivalents at beginning of period</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">53,978</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">75,832</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">68,641</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">67,356</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Cash and cash equivalents at end of period</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">52,241</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">137,717</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">52,241</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">137,717</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Specification of items included in operating activities:</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">&#160;</td>
              <td style="width: 12.5%; vertical-align: top;">&#160;</td>
              <td style="width: 13.26%; vertical-align: top;">&#160;</td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest paid</div>
              </td>
              <td style="width: 4.71%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">3,747</div>
              </td>
              <td style="width: 12.5%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">8,506</div>
              </td>
              <td style="width: 13.26%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">6,953</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">20,008</div>
              </td>
            </tr>
            <tr>
              <td style="width: 39.23%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Interest received</div>
              </td>
              <td style="width: 4.71%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 14.12%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">0</div>
              </td>
              <td style="width: 12.5%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">98</div>
              </td>
              <td style="width: 13.26%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1</div>
              </td>
              <td style="width: 12.92%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">196</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: center; font-family: Arial;"> <i style="mso-bidi-font-style:normal"><font style="font-size:8.5pt;font-family:'Arial',sans-serif;mso-fareast-font-family: 'Times New Roman';mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</font></i> </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">12</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: center; font-family: Arial;">
        <p align="center" class="MsoNormal" style="mso-layout-grid-align: none; text-autospace: none;"><b style="mso-bidi-font-weight:normal"><u><font lang="EN-GB" style="mso-bidi-font-family:Arial;mso-ansi-language:EN-GB">SUMMARY CONSOLIDATED STATEMENT OF
                CHANGES IN EQUITY (UNAUDITED)</font></u></b></p>
        <p class="MsoNormal"><font lang="EN-GB">($ in thousands except shares) <br>
          </font></p>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zfb18832acf61473c9a144f9fa5c4d7a2">

            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(36, 64, 98); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 5%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Note</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Shares</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Stock</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Paid-in</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Additional</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Capital</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">&#160;</td>
              <td style="width: 6.48%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Treasury</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Shares</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Accumulated</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Deficit</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Translation</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Differences</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Other</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Reserves</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Non-</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Controlling</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Interest</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Total</div>
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-size: 8pt; font-weight: bold;">Equity</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at January 1, 2020</div>
              </td>
              <td style="width: 5%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">146,819,401</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1,468</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1,169,537</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6.48%; vertical-align: top; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(240,165)</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">73</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1,531</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">5</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">932,449</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Net income/(loss) after tax</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6.48%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">207,979</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-right: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">207,982</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other comprehensive income/(loss)</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6.48%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(98)</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-right: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(98)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Total comprehensive income/(loss)</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6.48%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">207,979</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(98)</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">4</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">207,884</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash dividends declared and paid</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6.48%; vertical-align: top; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(98,526)</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(98,526)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Compensation related to options and restricted stock</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: right;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">601,530</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: right;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: right;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">2,383</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6.48%; vertical-align: top; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: right;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">753</div>
              </td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: right;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">3,142</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at June 30, 2020</div>
              </td>
              <td style="width: 5%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">147,420,931</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">1,474</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">1,171,920</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6.48%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">-</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(130,712)</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(25)</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">2,284</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">9</div>
              </td>
              <td style="width: 2%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: top; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">1,044,950</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <table cellspacing="0" cellpadding="0" border="0" id="z09a581ea8f6c41cbac513e569b7d8794" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at January 1, 2021</div>
              </td>
              <td style="width: 5%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">170,798,328</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 5.59%; vertical-align: bottom; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1,708</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1,291,505</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(188,709)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">169</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6.46%; vertical-align: bottom; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">4,248</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">19</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">1,108,940</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Net income/(loss) after tax</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 5.59%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">12,413</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6.46%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">12,419</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-bottom: 0.75pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Other comprehensive income/(loss)</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 5.59%; vertical-align: bottom; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(63)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6.46%; vertical-align: bottom; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(63)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 0.75pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Total comprehensive income/(loss)</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 5.59%; vertical-align: bottom; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">12,413</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(63)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6.46%; vertical-align: bottom; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">12,356</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Cash dividends declared and paid</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 5.59%; vertical-align: bottom; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(15,400)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6.46%; vertical-align: bottom; border-top: #808080 1.50pt solid;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(15,400)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Purchase of treasury shares</div>
              </td>
              <td style="width: 5%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 5.59%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(22,469)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6.46%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(22,469)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Retirement of treasury shares</div>
              </td>
              <td style="width: 5%; vertical-align: top;">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt;">6</div>
              </td>
              <td style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(3,721,841)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 5.59%; vertical-align: bottom;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(37)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(22,432)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">22,469</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6.46%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom;">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">-</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt;">Compensation related to options and restricted stock</div>
              </td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">841,696</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 5.59%; vertical-align: bottom; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">8</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">4,619</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6.46%; vertical-align: bottom; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">(1,846)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 2%; vertical-align: bottom; text-align: center;">&#160;</td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt;">2,781</div>
              </td>
            </tr>
            <tr>
              <td style="width: 25%; vertical-align: top; background-color: rgb(217, 217, 217); border-left: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">Balance at June 30, 2021</div>
              </td>
              <td style="width: 5%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: center; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">6</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">167,918,183</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 5.59%; vertical-align: bottom; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">1,679</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">1,273,691</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">-</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">(191,695)</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">106</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6.46%; vertical-align: bottom; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">2,403</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">25</div>
              </td>
              <td style="width: 2%; vertical-align: bottom; border-bottom: 1.5pt solid rgb(128, 128, 128); text-align: center;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-size: 8pt; font-weight: bold;">$</div>
              </td>
              <td style="width: 6%; vertical-align: bottom; border-right: 1.5pt solid rgb(128, 128, 128); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: #000000; font-family: Arial; font-size: 8pt; font-weight: bold;">1,086,209</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; font-family: Arial;"> </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div style="text-align: center; font-size: 8pt; font-style: italic;">The accompanying notes are an integral part of these unaudited condensed consolidated financial statements</div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">13</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;"><u>NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</u></div>
        <div style="text-align: center; font-weight: bold;"><u>FOR THE PERIOD ENDED JUNE 30, 2021</u></div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;">Note 1 &#8211; General information</div>
        <div style="color: #000000;">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>
        <div><br>
        </div>
        <div style="color: #000000;">The financial statements were approved by the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) on August 6, 2021 and authorized for issue on August 9, 2021.</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;">Note 2 &#8211; General accounting principles</div>
        <div style="color: #000000;">The condensed consolidated interim financial statements do not include all information and disclosures 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 2020. The interim results are not necessarily indicative of the results for the entire year or for any future periods.</div>
        <div><br>
        </div>
        <div style="color: #000000;">The condensed consolidated interim 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><br>
        </div>
        <div style="color: #000000;">The condensed consolidated interim 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 applied
          in these condensed consolidated interim financial statements are consistent with those presented in the 2020 audited consolidated financial statements.</div>
        <div><br>
        </div>
        <div style="color: #000000;">These condensed consolidated interim financial statements have been prepared on a going concern basis.</div>
        <div><br>
        </div>
        <div style="text-align: left; color: #000000; font-style: italic;"><u>Application of new and revised International Financial Reporting Standards (&#8220;IFRSs&#8221;)</u></div>
        <div>New and revised IFRSs that are not mandatorily effective (but allow early application) for the <font style="color: #000000;">financial year beginning January 1, 2021 are listed below. The standards are not expected to have any material impact
            on the financial statements:</font></div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf863288554fe461182e9a5f47b7a1bbd">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; color: #000000; font-family: Arial;">o</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: Arial;">IFRS 17 Insurance Contracts</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd9ac0ab355a840a39105bb2cd72dc91e">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; color: #000000; font-family: Arial;">o</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: Arial;">Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associates or Joint Venture</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4c959f81d14945588b160a6a8d001047">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; color: #000000; font-family: Arial;">o</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: Arial;">Amendments to IAS 1 Classification of Liabilities as Current or Non-current</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za67d7b6d31a04ebca40aec1939f4cf46">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; color: #000000; font-family: Arial;">o</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: Arial;">Amendments to IFRS 3 Reference to the Conceptual Framework</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z54ab01fecc0c4a919fb1cb783f7a0a16">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; color: #000000; font-family: Arial;">o</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: Arial;">Amendments to IAS 16 Property, Plant and Equipment &#8211; Proceeds before Intended Use</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z62f767fa489e42fcbc2f37fc23a487b7">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; color: #000000; font-family: Arial;">o</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: Arial;">Amendments to IAS 37 Onerous Contracts &#8211; Cost to Fulfilling a Contract</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4fa210e9c8154d4eb9f1abd1a303995e">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; color: #000000; font-family: Arial;">o</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-family: Arial;">Annual Improvements to IFRS Standards 2018-2020 Cycle - Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 9 Financial Instruments, IFRS 16 Leases
                  and IAS 41 Agriculture</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">14</font></div>
          <div style="page-break-after:always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;">Note 3 &#8211; Segment reporting</div>
        <div style="color: #000000;">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><br>
        </div>
        <div style="color: #000000;">The below table details the Company&#8217;s shipping revenues:</div>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zb3e601cdcfba4aa189ee328e84f4ed71">

            <tr>
              <td style="width: 35.42%; vertical-align: top; background-color: #244062; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">$ in thousands</div>
              </td>
              <td style="width: 2.38%; vertical-align: top; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 14.13%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2021</div>
              </td>
              <td style="width: 14.72%; vertical-align: top; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q2 2020</div>
              </td>
              <td style="width: 2.38%; vertical-align: top; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 16.08%; vertical-align: top; background-color: #244062;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">1H 2021</div>
              </td>
              <td style="width: 14.9%; vertical-align: top; background-color: #244062; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">1H 2020</div>
              </td>
            </tr>
            <tr>
              <td style="width: 35.42%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Time charter revenues*</div>
              </td>
              <td style="width: 2.38%; vertical-align: top;">&#160;</td>
              <td style="width: 14.13%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">34,032</div>
              </td>
              <td style="width: 14.72%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">46,640</div>
              </td>
              <td style="width: 2.38%; vertical-align: top;">&#160;</td>
              <td style="width: 16.08%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">90,844</div>
              </td>
              <td style="width: 14.9%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">67,802</div>
              </td>
            </tr>
            <tr>
              <td style="width: 35.42%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Voyage charter revenues</div>
              </td>
              <td style="width: 2.38%; vertical-align: top;">&#160;</td>
              <td style="width: 14.13%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">31,908</div>
              </td>
              <td style="width: 14.72%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">199,302</div>
              </td>
              <td style="width: 2.38%; vertical-align: top;">&#160;</td>
              <td style="width: 16.08%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">62,079</div>
              </td>
              <td style="width: 14.9%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">390,048</div>
              </td>
            </tr>
            <tr>
              <td style="width: 35.42%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Shipping revenues</div>
              </td>
              <td style="width: 2.38%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 14.13%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">65,940</div>
              </td>
              <td style="width: 14.72%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">245,942</div>
              </td>
              <td style="width: 2.38%; vertical-align: top; border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 16.08%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">152,923</div>
              </td>
              <td style="width: 14.9%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">457,850</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div style="color: #000000; font-style: italic;">* The portion of time charter revenue related to technical management services, equaling $10.0 million in the second quarter of 2021, $6.8 million in the second quarter of 2020, $22.0 million in the
          first half of 2021 and $10.3 million in the first half of 2020 is recognized in accordance with IFRS 15 Revenue from Contracts with Customers. The remaining portion of time charter revenue is recognized in accordance with IFRS 16 Leases.</div>
        <div><br>
        </div>
        <div style="color: #000000;">As of June 30, 2021, the Company had 27 vessels in operation; 12 vessels were on time charters and 15 vessels operating in the spot market.</div>
        <div><br>
        </div>
        <div style="text-align: left; color: #000000; font-style: italic;"><u>Information about major customers:</u></div>
        <div>
          <div style="color: #000000;">For the period from April 1, 2021 to June 30, 2021 five customers represented $9.8 million, $8.4 million, $6.4 million, $5.8 million, and $5.7 million, respectively, of the Company&#8217;s total revenues. The five customers
            in aggregate represented $36.1 million, equal to 55 percent of the total revenue of $65.9 million for the period from April 1, 2021 to June 30, 2021.</div>
          <div><br>
          </div>
          <div style="color: #000000;">For the period from January 1, 2021 to June 30, 2021 five customers represented $19.2 million, $16.8 million, $16.7 million, $14.7 million and $13.0 million, respectively, of the Company&#8217;s revenues. The five customers
            in aggregate represented $80.4 million, equal to 53 percent of the total revenue of $152.9 million for the period from January 1, 2021 to June 30, 2021.</div>
        </div>
        <div><br>
        </div>
        <div style="color: #000000;">For the period from April 1, 2020 to June 30, 2020 five customers represented $27.0 million, $25.4 million, $20.7 million, $20.5 million and $19.2 million, respectively, of the Company&#8217;s revenues. The five customers in
          aggregate represented $112.8 million, equal to 46 percent of the total revenue of $245.9 million for the period from April 1, 2020 to June 30, 2020.</div>
        <div><br>
        </div>
        <div style="color: #000000;">For the period from January 1, 2020 to June 30, 2020 five customers represented $53.9 million, $46.3 million, $36.5 million, $27.0 million and $23.7 million, respectively, of the Company&#8217;s revenues. The five customers
          in aggregate represented $187.4 million, equal to 41 percent of the total revenue of $457.8 million for the period from January 1, 2020 to June 30, 2020.</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;">Note 4 &#8211; Interest bearing debt</div>
        <div style="text-align: left; color: #000000;">As of June 30, 2021, DHT had interest bearing debt totaling $526.2 million.</div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;">Scheduled debt repayments (USD thousands) and margin above Libor</div>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z566aec309a1f44ceb1ad04edc754c8ce">

            <tr>
              <td style="width: 29.75%; vertical-align: bottom; background-color: #244062; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="color: rgb(255, 255, 255); font-family: Arial;">$ in thousands</div>
              </td>
              <td style="width: 10.56%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Margin</div>
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">above Libor</div>
              </td>
              <td style="width: 9.22%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q3</div>
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2021</div>
              </td>
              <td style="width: 10.83%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128);">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Q4</div>
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2021</div>
              </td>
              <td style="width: 9.22%; vertical-align: bottom; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2022</div>
              </td>
              <td style="width: 9.22%; vertical-align: bottom; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">2023</div>
              </td>
              <td style="width: 10.71%; vertical-align: bottom; background-color: #244062; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Thereafter</div>
              </td>
              <td style="width: 10.5%; vertical-align: bottom; background-color: #244062; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Total</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">ABN Amro Credit Facility *</div>
              </td>
              <td style="width: 10.56%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2.40%</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td style="width: 10.83%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">30,811</div>
              </td>
              <td style="width: 10.71%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">199,256</div>
              </td>
              <td style="width: 10.5%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">230,067</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Credit Agricole Credit Facility</div>
              </td>
              <td style="width: 10.56%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2.19%</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">676</div>
              </td>
              <td style="width: 10.83%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">676</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,703</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">32,433</div>
              </td>
              <td style="width: 10.71%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td style="width: 10.5%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">36,488</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Danish Ship Finance Credit Facility</div>
              </td>
              <td style="width: 10.56%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2.00%</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">-</div>
              </td>
              <td style="width: 10.83%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,213</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,427</div>
              </td>
              <td style="width: 9.22%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,427</div>
              </td>
              <td style="width: 10.71%; vertical-align: top;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">29,120</div>
              </td>
              <td style="width: 10.5%; vertical-align: top; border-right: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">35,187</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Nordea Credit Facility **</div>
              </td>
              <td style="width: 10.56%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1.90%</div>
              </td>
              <td style="width: 9.22%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,250</div>
              </td>
              <td style="width: 10.83%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,250</div>
              </td>
              <td style="width: 9.22%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">5,000</div>
              </td>
              <td style="width: 9.22%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">26,591</div>
              </td>
              <td style="width: 10.71%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">199,709</div>
              </td>
              <td style="width: 10.5%; vertical-align: top; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">233,800</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total</div>
              </td>
              <td style="width: 10.56%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 9.22%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">1,926</div>
              </td>
              <td style="width: 10.83%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">3,139</div>
              </td>
              <td style="width: 9.22%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">10,129</div>
              </td>
              <td style="width: 9.22%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">92,262</div>
              </td>
              <td style="width: 10.71%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">428,085</div>
              </td>
              <td style="width: 10.5%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">535,541</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial;">Unamortized upfront fees bank loans</div>
              </td>
              <td style="width: 10.56%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 9.22%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 10.83%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 9.22%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 9.22%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 10.71%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 10.5%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">(9,359)</div>
              </td>
            </tr>
            <tr>
              <td style="width: 29.75%; vertical-align: top; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total interest bearing debt</div>
              </td>
              <td style="width: 10.56%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 9.22%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 10.83%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 9.22%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 9.22%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 10.71%; vertical-align: top; border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128);">&#160;</td>
              <td style="width: 10.5%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">526,182</div>
              </td>
            </tr>

        </table>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div style="text-align: left; font-size: 8pt;">* $100.0 mill. undrawn as of June 30, 2021.</div>
        <div style="text-align: left; font-size: 8pt;">** $82.4 mill. undrawn as of June 30, 2021.</div>
        <div><br>
        </div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">15</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
      <div style="text-align: justify; font-family: Arial;">
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;"><u>ABN Amro Credit Facility</u></div>
        <div>In April 2018 the Company entered into a credit facility with ABN Amro, Nordea, Credit Agricole, DNB, ING, Danish Ship Finance, SEB, DVB and Swedbank as lenders for the financing of eleven VLCCs and two newbuildings. In June 2021, DVB&#8217;s part
          of the facility was transferred to SEB. The credit facility is guaranteed by DHT Holdings, Inc. and borrowings bear interest at a rate equal to Libor + 2.40%. In March 2020 and September 2020, the Company prepaid $57.8 million and $42.2 million,
          respectively, under the revolving credit facility tranche. In March 2021, the Company drew down $60 million under the revolving credit facility tranche in relation to the delivery of DHT Osprey and $60 million was repaid in June 2021. The current
          outstanding is repayable in quarterly installments of $7.7 million through Q2 2024 with a final payment of $183.9 with the last installment.</div>
        <div><br>
        </div>
        <div>In June 2020 and June 2021, the Company prepaid $33.4 million and $33.4 million, under the ABN Amro Credit Facility. The voluntary prepayment was made for all regular installments for 2021 and 2022, respectively. In addition, in June 2021,
          $6.1 million was repaid in connection with the sale of DHT Condor.</div>
        <div><br>
        </div>
        <div>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>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5955aee33afc45fa9be8c2529f425059">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth of $300 million</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbd13afa4fb084362a8e41618a4afb169">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za80aa2fa98064e31b3aa055a7167a5d9">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest-bearing debt</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 8pt; font-style: italic;">* 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><br>
        </div>
        <div><br>
        </div>
        <div style="color: #000000; font-weight: bold;"><u>Credit Agricole Credit Facility</u></div>
        <div style="color: #000000;">In June 2015, the Company entered into a credit agreement with Credit Agricole for the financing of the DHT Scandinavia and the newbuilding DHT Tiger that was delivered in January 2017.&#160; In June 2016, the Company made a
          voluntary prepayment of $5.0 million and in September 2020, the Company prepaid the outstanding loan totaling $12.7 million on DHT Scandinavia.</div>
        <div><font style="color: #000000;">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;">. The loan bears interest at Libor plus a margin of 2.1875%.</font></div>
        <div><br>
        </div>
        <div>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>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9742156f934c47c388448922bb5617a6">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth of $200 million</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1661174b3ceb423b880e9244bc48bbef">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z34e3754c01304e259d4bd63ab272e9bf">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Unencumbered consolidated cash of at least the higher of (i) $20 million and (ii) 6% of our gross interest-bearing debt</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 8pt; font-style: italic;">* 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><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;"><u>Danish Ship Finance Credit Facility</u></div>
        <div>In November 2014 the Company 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.</div>
        <div><br>
        </div>
        <div>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 135% of borrowings. Also, DHT covenants that, throughout the term of the credit
          facility, DHT, on a consolidated basis, shall maintain:</div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6b6662602e1342f3a285d213ffa3a6f2">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth of $300 million</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd6b12b43e37440efa9920c71adfde9ee">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">16</font></div>
          <div style="page-break-after:always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2b8ddd1cd01d47608f67343668af3405">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest-bearing debt</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 8pt; font-style: italic;">* 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><br>
        </div>
        <div style="text-align: left;">In April 2020 the Company agreed to a $36.4 million refinancing with Danish Ship Finance. The new loan will be in direct continuation of the existing loan and the new facility will bear interest at a rate equal to
          Libor + 2.00%. The facility is repayable in 10 semiannual installments of $1.2 million each from November 2020 and a final payment of $24.3 million in November 2025. 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 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain:</div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcef6580b5f984774b65feaf9a4ce6729">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth of $300 million</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8ab70e7510cb4b8988270991fde0c8c9">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zaa8e7e6191f846338f1ead0607031191">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest-bearing debt</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 8pt; font-style: italic;">* 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><br>
        </div>
        <div style="text-align: left; font-weight: bold;"><u>2017 Nordea Credit Facility</u></div>
        <div>$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. The credit facility was guaranteed by DHT Holdings, Inc. and the Company paid interest at a rate equal to Libor + 2.40%. In March 2019, the Company prepaid $35 million under the revolving
          credit facility tranche and in November 2019, the Company prepaid the outstanding amounts on DHT Lake and DHT Raven, totaling $22.3 million. In August 2020, the Company prepaid $37.0 million under the revolving credit facility tranche and in
          January 2021 and February 2021, the Company drew down $15 million and $50 million, respectively, under the revolving credit facility tranche in relation to the delivery of DHT Harrier.</div>
        <div><br>
        </div>
        <div>In September 2018, the Company secured commitment to a $50 million scrubber financing structured through an increase of the $300 million secured credit facility entered into in the second quarter of 2017. In connection with the prepayment of
          DHT Lake and DHT Raven in November 2019, the facility was reduced to $45.0 million.</div>
        <div><br>
        </div>
        <div>In May and November 2020, the Company prepaid $25.8 million and $25.8 million under the Nordea Credit Facility. The voluntary prepayments were made for all regular installments for 2021 and 2022, respectively.</div>
        <div><br>
        </div>
        <div>In June 2021, the Company repaid the total outstanding of $175.9 million related to the 2017 Nordea Credit Facility in connection with the drawdown of the 2021 Nordea Credit Facility.</div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;"><u>2021 Nordea Credit Facility</u></div>
        <div>In May 2021, the Company entered into a $316.2 million credit facility with Nordea, ING, ABN Amro, Danish Ship Finance, DNB, Credit Agricole and SEB as lenders for the financing of twelve VLCCs. In June 2021, the Company drew down $119.8
          million related to the term loan tranche and $114.0 million related to the revolving credit facility tranche. The credit facility is guaranteed by DHT Holdings, Inc. and borrowings bear interest at a rate equal to Libor + 1.90%. The credit
          facility is repayable in quarterly installments of $1.25 million from the third quarter of 2021 through the fourth quarter of 2022, and with quarterly installments of $6.65 million from the first quarter of 2023 with a final payment of $5.9
          million in the first quarter of 2027. Additionally, the facility includes an uncommitted &#8220;accordion&#8221; of $250 million.</div>
        <div><br>
        </div>
        <div>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>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z99f6beb1ebae4b249718815a2612f25b">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth of $300 million</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z70be61d507394a32b7299dfa57a276a3">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Value adjusted* tangible net worth shall be at least 25% of value adjusted total assets</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc85e6bc31b074891a58e9a66061d34f0">

            <tr>
              <td style="width: 20.6pt;"><br>
              </td>
              <td style="width: 18pt; vertical-align: top; align: right; font-family: Arial;"><font style="font-family: Times New Roman">&#9679;</font></td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div style="font-family: Arial;">Unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest-bearing debt</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 8pt; font-style: italic;">* 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><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">17</font></div>
          <div style="page-break-after:always;" id="DSPFPageBreak">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #BFBFBF; background-color: #BFBFBF; clear: both;"></div>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="font-weight: bold;"><u>Derivatives - interest rate swaps</u></div>
        <div><br>
        </div>
        <div style="font-style: italic;">Measurement of fair value</div>
        <div><br>
        </div>
        <div>Only derivatives are classified and measured at fair value in the statement of financial position. Fair value measurement is based on Level 2 in the fair value hierarchy as defined in IFRS 13 <font style="font-style: italic;">Fair Value
            Measurement</font>. Such measurement is based on techniques for which all inputs that have a significant effect on the recorded fair value are observable. Future cash flows are estimated based on forward interest rates (from observable yield
          curves at the end of the reporting period) and contract interest rates, discounted at a rate that reflects the credit risk of various counterparties.</div>
        <div><br>
        </div>
        <div>As of June 30, 2021, the Company has nine amortizing interest rate swaps totaling $345.8 million with maturity ranging from the second quarter 2023 to the third quarter 2023. The average fixed interest rate is 2.95%. As of June 30, 2021, the
          fair value of the derivative financial liability related to the swaps amounted to $18.0 million.
          <div> </div>
          <br>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z2308a9c961874c239552443ce29fa907">

              <tr>
                <td style="width: 31.7%; vertical-align: bottom; background-color: #244062; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                  <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">$ in thousands</div>
                </td>
                <td style="width: 14.44%; vertical-align: bottom; background-color: #244062; border-top: #808080 1.50pt solid;">
                  <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Expires</div>
                </td>
                <td style="width: 14.48%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); font-family: Arial;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Notional amount</div>
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2021</div>
                </td>
                <td style="width: 13.5%; vertical-align: bottom; background-color: rgb(36, 64, 98); border-top: 1.5pt solid rgb(128, 128, 128); font-family: Arial;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Current liability</div>
                  <div style="text-align: right; color: rgb(255, 255, 255); font-weight: bold;">Q2 2021</div>
                </td>
                <td style="width: 14.46%; vertical-align: bottom; background-color: #244062; border-top: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Non-current liability <br>
                    Q2 2021</div>
                </td>
                <td style="width: 11.41%; vertical-align: bottom; background-color: #244062; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Fair value<br>
                    Q2 2021</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 2.987%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Apr. 20, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">40,800</div>
                </td>
                <td style="width: 13.5%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,059</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">853</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,913</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 3.012%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Apr. 20, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">40,800</div>
                </td>
                <td style="width: 13.5%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,069</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">861</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,931</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 3.019%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Sep. 29, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">29,459</div>
                </td>
                <td style="width: 13.5%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">719</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">898</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,618</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 3.019%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Sep. 29, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">28,545</div>
                </td>
                <td style="width: 13.5%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">695</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">868</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,563</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 2.8665%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Sep. 29, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">44,975</div>
                </td>
                <td style="width: 13.5%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,067</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,334</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,401</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 2.8785%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Jun. 30, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">39,389</div>
                </td>
                <td style="width: 13.5%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">962</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">962</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,925</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 2.885%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Sep. 29, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">44,333</div>
                </td>
                <td style="width: 13.5%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,063</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,328</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,390</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 2.897%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Sep. 30, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">39,568</div>
                </td>
                <td style="width: 13.5%; vertical-align: top;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">944</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,182</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,127</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Swap pays 3.020%, receive floating</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: #D9D9D9; border-bottom: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial;">Sep. 29, 2023</div>
                </td>
                <td style="width: 14.48%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">37,883</div>
                </td>
                <td style="width: 13.5%; vertical-align: top; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">947</div>
                </td>
                <td style="width: 14.46%; vertical-align: middle; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">1,183</div>
                </td>
                <td style="width: 11.41%; vertical-align: middle; border-right: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial;">2,130</div>
                </td>
              </tr>
              <tr>
                <td style="width: 31.7%; vertical-align: middle; background-color: #D9D9D9; border-left: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total carrying amount</div>
                </td>
                <td style="width: 14.44%; vertical-align: top; background-color: rgb(217, 217, 217); border-top: 1.5pt solid rgb(128, 128, 128); border-bottom: 1.5pt solid rgb(128, 128, 128); font-family: Arial;">&#160;</td>
                <td style="width: 14.48%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">345,753</div>
                </td>
                <td style="width: 13.5%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">8,526</div>
                </td>
                <td style="width: 14.46%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">9,470</div>
                </td>
                <td style="width: 11.41%; vertical-align: top; border-right: #808080 1.50pt solid; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">17,996</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <br>
      <div><br>
      </div>
      <br>
      <div style="text-align: justify; font-family: Arial;">
        <div style="font-weight: bold;"><u>Covenant compliance</u></div>
        <div style="color: #000000;">As of the date of the most recent compliance certificates submitted to the banks, the Company is in compliance with its financial covenants.</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="text-align: left; font-weight: bold;">Note 5 &#8211; Vessels</div>
        <div style="text-align: left; color: #000000;">The carrying values of the 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.</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">18</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
        </div>
        <div><br>
        </div>
        <br>
        <div>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z515f92668764429689fef45a883bc9e9">

              <tr>
                <td style="width: 77.68%; vertical-align: bottom; background-color: #244062;">
                  <div style="color: #FFFFFF; font-family: Arial; font-weight: bold;">Cost of Vessels<br>
                    <font style="font-style: italic;">$ in thousands</font></div>
                </td>
                <td style="width: 22.32%; vertical-align: bottom; background-color: #244062;">
                  <div style="color: #000000; font-family: Arial;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9;">
                  <div style="color: #000000; font-family: Arial;">At January 1, 2021</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">2,121,455</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9;">
                  <div style="color: #000000; font-family: Arial;">Additions</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">68,038</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9;">
                  <div style="color: #000000; font-family: Arial;">Transferred from vessels upgrades</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">101,225</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: rgb(217, 217, 217);">
                  <div style="color: #000000; font-family: Arial;">Transferred to asset held for sale</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">(54,875)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Retirement*</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">(94,464)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">At June 30, 2021</div>
                </td>
                <td style="width: 22.32%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">2,141,379</div>
                </td>
              </tr>

          </table>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zd168642b39504bf080ee1c3448261999">

              <tr>
                <td style="width: 77.68%; vertical-align: bottom; background-color: #244062;">
                  <div style="color: #FFFFFF; font-family: Arial; font-weight: bold;">Depreciation, impairment and amortization<br>
                    <font style="font-style: italic;">$ in thousands</font></div>
                </td>
                <td style="width: 22.32%; vertical-align: bottom; background-color: #244062;">
                  <div style="color: #000000; font-family: Arial;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9;">
                  <div style="color: #000000; font-family: Arial;">At January 1, 2021</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">645,020</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: rgb(217, 217, 217);">
                  <div style="color: #000000; font-family: Arial;">Depreciation and amortization</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">63,703</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: rgb(217, 217, 217);">
                  <div style="color: #000000; font-family: Arial;">Transferred to asset held for sale</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">(26,840)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial;">Retirement*</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">(50,590)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">At June 30, 2021</div>
                </td>
                <td style="width: 22.32%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">631,293</div>
                </td>
              </tr>

          </table>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zd37093d7e1024ff9b470d64be6ffbac8">

              <tr>
                <td style="width: 77.68%; vertical-align: bottom; background-color: #244062;">
                  <div style="color: #FFFFFF; font-family: Arial; font-weight: bold;">Carrying Amount<br>
                    <font style="font-style: italic;">$ in thousands</font></div>
                </td>
                <td style="width: 22.32%; vertical-align: bottom; background-color: #244062;">
                  <div style="color: #000000; font-family: Arial;">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9;">
                  <div style="color: #000000; font-family: Arial;">At January 1, 2021</div>
                </td>
                <td style="width: 22.32%; vertical-align: middle;">
                  <div style="text-align: right; color: #000000; font-family: Arial;">1,476,436</div>
                </td>
              </tr>
              <tr>
                <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="color: #000000; font-family: Arial; font-weight: bold;">At June 30, 2021</div>
                </td>
                <td style="width: 22.32%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                  <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">1,510,086</div>
                </td>
              </tr>

          </table>
          <div><br>
          </div>
        </div>
        <div>
          <div style="text-align: left; color: #000000; font-size: 8pt;">*Relates to the sale of DHT Lake and DHT Raven in addition to completed depreciation of drydocking for DHT Amazon, DHT Bauhinia, DHT Europe, DHT Lion, DHT Peony, DHT Puma, DHT Redwood
            and DHT Tiger.</div>
          <div>
            <div><br>
            </div>
            <div><br>
            </div>
            <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z5b76b3141390474f93c80bbedaffdfee">

                <tr>
                  <td style="width: 77.68%; vertical-align: bottom; background-color: #244062;">
                    <div style="color: #FFFFFF; font-family: Arial; font-weight: bold;">Cost of advances of vessels and vessel upgrades</div>
                    <div style="color: #FFFFFF; font-family: Arial; font-style: italic; font-weight: bold;">$ in thousands</div>
                  </td>
                  <td style="width: 22.32%; vertical-align: bottom; background-color: #244062;">
                    <div style="color: #000000; font-family: Arial;">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9;">
                    <div style="color: #000000; font-family: Arial;">At January 1, 2021</div>
                  </td>
                  <td style="width: 22.32%; vertical-align: middle;">
                    <div style="text-align: right; color: #000000; font-family: Arial;">17,269</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9;">
                    <div style="color: #000000; font-family: Arial;">Additions</div>
                  </td>
                  <td style="width: 22.32%; vertical-align: middle;">
                    <div style="text-align: right; color: #000000; font-family: Arial;">91,883</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9; border-bottom: #808080 1.50pt solid;">
                    <div style="color: #000000; font-family: Arial;">Transferred to vessels</div>
                  </td>
                  <td style="width: 22.32%; vertical-align: middle; border-bottom: #808080 1.50pt solid;">
                    <div style="text-align: right; color: #000000; font-family: Arial;">(101,225)</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                    <div style="color: #000000; font-family: Arial; font-weight: bold;">At June 30, 2021</div>
                  </td>
                  <td style="width: 22.32%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                    <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">7,927</div>
                  </td>
                </tr>

            </table>
            <div><br>
            </div>
            <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z9ff5d0a2272045e3aeb59cfa822c469b">

                <tr>
                  <td style="width: 77.68%; vertical-align: bottom; background-color: #244062;">
                    <div style="color: #FFFFFF; font-family: Arial; font-weight: bold;">Carrying Amount<br>
                      <font style="font-style: italic;">$ in thousands</font></div>
                  </td>
                  <td style="width: 22.32%; vertical-align: bottom; background-color: #244062;">
                    <div style="color: #000000; font-family: Arial;">&#160;</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9;">
                    <div style="color: #000000; font-family: Arial;">At January 1, 2021</div>
                  </td>
                  <td style="width: 22.32%; vertical-align: middle;">
                    <div style="text-align: right; color: #000000; font-family: Arial;">17,269</div>
                  </td>
                </tr>
                <tr>
                  <td style="width: 77.68%; vertical-align: middle; background-color: #D9D9D9; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                    <div style="color: #000000; font-family: Arial; font-weight: bold;">At June 30, 2021</div>
                  </td>
                  <td style="width: 22.32%; vertical-align: top; border-top: #808080 1.50pt solid; border-bottom: #808080 1.50pt solid;">
                    <div style="text-align: right; color: #000000; font-family: Arial; font-weight: bold;">7,927</div>
                  </td>
                </tr>

            </table>
            <div><br>
            </div>
            <div>
              <div style="text-align: left;">Cost of advances of vessels and vessel upgrades relates to prepaid scrubbers, drydockings and ballast water treatment systems.</div>
              <div><br>
              </div>
              <div style="text-align: left; font-weight: bold;"><u>Vessel held for sale</u></div>
              <div style="text-align: left;">In April 2021, the Company agreed to the sale of DHT Condor for a price of $30.25 million. DHT Condor was delivered to its new owner on July 8, 2021. The vessel is presented as an asset held for sale as of June
                30, 2021 and had a carrying value of $28.0 million of that date. The outstanding debt of $6.1 million was repaid in the second quarter of 2021 and we will record a gain of about $1.5 million in the third quarter of 2021 in connection with
                the sale.</div>
              <div><br>
              </div>
              <div><br>
              </div>
              <div style="text-align: left; font-weight: bold;">Note 6 &#8211; Stockholders equity and dividend payment</div>
              <div><br>
              </div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z4af99cffb9e7489a89ac8dacc01960c2">

                  <tr>
                    <td nowrap="nowrap" style="width: 53.74%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 0.5pt solid rgb(0, 0, 0);">
                      <div style="color: rgb(255, 255, 255); font-family: Arial;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 18.34%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 0.5pt solid rgb(0, 0, 0);">
                      <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Common stock</div>
                    </td>
                    <td nowrap="nowrap" style="width: 4.2%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 0.5pt solid rgb(0, 0, 0);">&#160;</td>
                    <td nowrap="nowrap" style="width: 23.72%; vertical-align: bottom; background-color: rgb(36, 64, 97); border-bottom: 0.5pt solid rgb(0, 0, 0);">
                      <div style="text-align: right; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Preferred stock</div>
                    </td>
                  </tr>
                  <tr>
                    <td nowrap="nowrap" style="width: 53.74%; vertical-align: bottom;">
                      <div style="font-family: Arial;">Issued at June 30, 2021</div>
                    </td>
                    <td nowrap="nowrap" style="width: 18.34%; vertical-align: middle;">
                      <div style="text-align: right; font-family: Arial;">167,918,183</div>
                    </td>
                    <td nowrap="nowrap" style="width: 4.2%; vertical-align: middle;">&#160;</td>
                    <td nowrap="nowrap" style="width: 23.72%; vertical-align: middle;">
                      <div style="text-align: right; font-family: Arial;">-</div>
                    </td>
                  </tr>
                  <tr>
                    <td nowrap="nowrap" style="width: 53.74%; vertical-align: bottom;">
                      <div style="font-family: Arial;">Numbers of shares authorized for issue</div>
                    </td>
                    <td nowrap="nowrap" style="width: 18.34%; vertical-align: middle;">&#160;</td>
                    <td nowrap="nowrap" style="width: 4.2%; vertical-align: middle;">&#160;</td>
                    <td nowrap="nowrap" style="width: 23.72%; vertical-align: middle;">&#160;</td>
                  </tr>
                  <tr>
                    <td nowrap="nowrap" style="width: 53.74%; vertical-align: bottom;">
                      <div style="font-family: Arial;">&#160;&#160;at June 30, 2021</div>
                    </td>
                    <td nowrap="nowrap" style="width: 18.34%; vertical-align: middle;">
                      <div style="text-align: right; font-family: Arial;">250,000,000</div>
                    </td>
                    <td nowrap="nowrap" style="width: 4.2%; vertical-align: middle;">&#160;</td>
                    <td nowrap="nowrap" style="width: 23.72%; vertical-align: middle;">
                      <div style="text-align: right; font-family: Arial;">1,000,000</div>
                    </td>
                  </tr>
                  <tr>
                    <td nowrap="nowrap" style="width: 53.74%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="font-family: Arial;">Par value</div>
                    </td>
                    <td nowrap="nowrap" style="width: 18.34%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="text-align: right; font-family: Arial;">$ 0.01</div>
                    </td>
                    <td nowrap="nowrap" style="width: 4.2%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="text-align: right; font-family: Arial;">&#160;</div>
                    </td>
                    <td nowrap="nowrap" style="width: 23.72%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="text-align: right; font-family: Arial;">$ 0.01</div>
                    </td>
                  </tr>

              </table>
              <div style="text-align: left;"><font style="font-style: italic;"> </font><br>
              </div>
              <div style="color: #000000; font-style: italic; font-weight: bold;"><u>Common stock:</u></div>
              <div><br>
              </div>
              <div style="color: #000000;">Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.</div>
            </div>
          </div>
        </div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">19</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
        </div>
        <!--PROfilePageNumberReset%Num%20%%%-->
        <div><br>
        </div>
        <div>
          <div><br>
          </div>
          <div style="text-align: left; font-weight: bold;"><u>Stock repurchases</u></div>
          <div style="text-align: left;">In the second quarter of 2021, the Company purchased 3,721,841 of its own shares in the open market for an aggregate consideration of $22.5 million, at an average price of $6.025. The shares have been retired upon
            receipt.</div>
          <div><br>
          </div>
          <div style="text-align: left; font-weight: bold;"><u>Dividend payment</u></div>
          <div><br>
          </div>
          <div style="text-align: left;">Dividend payment as of June 30, 2021:</div>
          <div>
            <div><br>
            </div>
            <div>
              <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z16c1faf22923426e911868a415e148fd">

                  <tr>
                    <td nowrap="nowrap" style="width: 43.5%; vertical-align: bottom; background-color: #244062;">
                      <div style="color: #FFFFFF; font-family: Arial; font-weight: bold;">Payment date</div>
                    </td>
                    <td nowrap="nowrap" style="width: 28.27%; vertical-align: bottom; background-color: #244062;">
                      <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-weight: bold;">Total Payment</div>
                    </td>
                    <td nowrap="nowrap" style="width: 28.23%; vertical-align: bottom; background-color: #244062;">
                      <div style="text-align: center; color: #FFFFFF; font-family: Arial; font-weight: bold;">Per common share</div>
                    </td>
                  </tr>
                  <tr>
                    <td nowrap="nowrap" style="width: 43.5%; vertical-align: bottom; background-color: #D9D9D9;">
                      <div style="color: #000000; font-family: Arial;">May 26, 2021</div>
                    </td>
                    <td nowrap="nowrap" style="width: 28.27%; vertical-align: bottom;">
                      <div style="color: #000000; font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 6.8 million</div>
                    </td>
                    <td nowrap="nowrap" style="width: 28.23%; vertical-align: bottom;">
                      <div style="color: #000000; font-family: Arial;">&#160;$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.04</div>
                    </td>
                  </tr>
                  <tr>
                    <td nowrap="nowrap" style="width: 43.5%; vertical-align: bottom; background-color: rgb(217, 217, 217); border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="color: #000000; font-family: Arial;">February 25, 2021</div>
                    </td>
                    <td nowrap="nowrap" style="width: 28.27%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="color: #000000; font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 8.6 million</div>
                    </td>
                    <td nowrap="nowrap" style="width: 28.23%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                      <div style="color: #000000; font-family: Arial;">&#160;$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.05</div>
                    </td>
                  </tr>
                  <tr>
                    <td nowrap="nowrap" style="width: 43.5%; vertical-align: bottom; background-color: #D9D9D9; border-top: #000000 0.50pt solid; border-bottom: #808080 1.50pt solid;">
                      <div style="color: #000000; font-family: Arial; font-weight: bold;">Total payment as of June 30, 2021</div>
                    </td>
                    <td nowrap="nowrap" style="width: 28.27%; vertical-align: bottom; border-top: #000000 0.50pt solid; border-bottom: #808080 1.50pt solid;">
                      <div style="color: #000000; font-family: Arial; font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 15.4 million</div>
                    </td>
                    <td nowrap="nowrap" style="width: 28.23%; vertical-align: bottom; border-top: #000000 0.50pt solid; border-bottom: #808080 1.50pt solid;">
                      <div style="color: #000000; font-family: Arial; font-weight: bold;">&#160;$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.09</div>
                    </td>
                  </tr>

              </table>
            </div>
            <br>
            <br>
          </div>
          <div style="text-align: left;">Dividend payment as of December 31, 2020:</div>
          <div>
            <div>
              <div>
                <div><br>
                </div>
                <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zc695442821dd4de7b68ada1eb39b779e">

                    <tr>
                      <td style="width: 43.51%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
                        <div style="color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Payment date</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
                        <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Total Payment</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom; background-color: #244062; border-bottom: #808080 2px solid;">
                        <div style="text-align: center; color: rgb(255, 255, 255); font-family: Arial; font-weight: bold;">Per common share</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 43.51%; vertical-align: bottom; background-color: #D9D9D9;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">November 25, 2020<br>
                        </div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 34.2 million</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.20</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 43.51%; vertical-align: bottom; background-color: #D9D9D9;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">September 2, 2020</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 82.0 million</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.48</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 43.51%; vertical-align: bottom; background-color: #D9D9D9;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">May 26, 2020</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 51.5 million</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.35</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 43.51%; vertical-align: bottom; background-color: #D9D9D9;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">February 25, 2020</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 47.0 million</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 0.32</div>
                      </td>
                    </tr>
                    <tr>
                      <td style="width: 43.51%; vertical-align: bottom; background-color: #D9D9D9; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">Total payment as of December 31, 2020</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; 214.7 million</div>
                      </td>
                      <td style="width: 28.24%; vertical-align: bottom; border-top: #808080 2px solid; border-bottom: #808080 2px solid;">
                        <div style="color: rgb(0, 0, 0); font-family: Arial; font-weight: bold;">$&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; 1.35</div>
                      </td>
                    </tr>

                </table>
                <div><br>
                </div>
              </div>
            </div>
            &#160;</div>
          <div><br>
          </div>
          <div style="text-align: left; font-weight: bold;">Note 7 &#8211; Accounts receivable and accrued revenues</div>
          <div style="color: #000000;">Accounts receivable and accrued revenues totaling $17.0 million as of June 30, 2021 consists of mainly accounts receivable with no material amounts overdue.</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: left; font-weight: bold;">Note 8 &#8211; Deferred shipping revenues</div>
          <div style="text-align: left; color: #000000;">Deferred shipping revenues relates to charter hire payments paid in advance. As of June 30, 2021, $4.5 million was recognized as deferred shipping revenues in the condensed consolidated statement of
            financial position.</div>
          <div><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: left; font-weight: bold;">Note 9 - Financial risk management, objectives and policies</div>
          <div style="color: #000000;">Note 9 in the 2020 annual report on Form 20-F provides for details of financial risk management objectives and policies.</div>
          <div><br>
          </div>
          <div style="color: #000000;">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.</div>
          <div><br>
          </div>
          <div style="color: #000000;">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><br>
          </div>
          <div><br>
          </div>
          <div style="text-align: left; font-weight: bold;">Note 10 &#8211; Subsequent events</div>
          <div style="color: #000000;">On August 6, 2021, the Board approved a dividend of $0.02 per common share related to the second quarter 2021 to be paid on August 26, 2021 for shareholders of record as of August 19, 2021.</div>
          <div><br>
          </div>
          <div style="color: #000000;">On July 8, 2021, DHT Condor was delivered to its new owner and the Company expects to book a profit of about $1.5 million in the third quarter of 2021 related to the sale.</div>
        </div>
        <div><br>
        </div>
      </div>
      <div style="text-align: justify; font-family: Arial;"> <br>
      </div>
    </div>
  </div>
  <div style="text-align: center;"><br>
    <br>
  </div>
  <br>
  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-family: Arial; font-size: 8pt; font-weight: normal; font-style: normal;" id="DSPFPageNumber">20</font></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
