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Vessels, subsidiaries and other property, plant and equipment (Tables)
 12 Months Ended
Dec. 31, 2024
Vessels, subsidiaries and other property, plant and equipment [Abstract]  
Vessel Subsidiaries
The vessels are owned by companies incorporated in the Marshall Islands or the Cayman Islands. The Company directly owns 100% of the vessel subsidiaries. The primary activity of each of the vessel subsidiaries is the ownership and operation of a vessel. In addition, the Company has four Marshall Islands subsidiaries related to the newbuilding contracts, a vessel-chartering subsidiary and three subsidiaries, DHT Management S.A.M. (Monaco), DHT Management AS (Norway) and DHT Ship Management (Singapore) Pte. Ltd., that perform management services for DHT and its subsidiaries. Furthermore, the Company directly owns 53% of Goodwood providing technical management services. The following table sets out the details of the vessel subsidiaries included in these consolidated financial statements:
 
Company
Vessel name
Dwt
Flag State
Year Built
DHT Appaloosa Inc
DHT Appaloosa
 318,918 Hong Kong 2018
DHT Mustang Inc
DHT Mustang
317,975
Hong Kong
2018
DHT Bronco Inc
DHT Bronco
317,975
Hong Kong
2018
DHT Colt Inc
DHT Colt
319,713
Hong Kong
2018
DHT Stallion Inc
DHT Stallion
319,713
Hong Kong
2018
DHT Tiger Limited
DHT Tiger
299,629
Hong Kong
2017
DHT Harrier Inc DHT Harrier 299,985 Hong Kong 2016
DHT Puma Limited
DHT Puma
299,629
Hong Kong
2016
DHT Panther Limited
DHT Panther
299,629
Hong Kong
2016
DHT Osprey Inc DHT Osprey 299,999 Hong Kong 2016
DHT Lion Limited
DHT Lion
299,629
Hong Kong
2016
DHT Leopard Limited
DHT Leopard
299,629
Hong Kong
2016
DHT Jaguar Limited
DHT Jaguar
299,629
Hong Kong
2015
Samco Iota Ltd
DHT Taiga
318,130
Hong Kong
2012
DHT Opal Inc
DHT Opal
320,105 Hong Kong 2012
Samco Theta Ltd
DHT Sundarbans
318,123 Hong Kong 2012
Samco Kappa Ltd
DHT Redwood
318,130 Hong Kong 2011
Samco Eta Ltd
DHT Amazon
318,130 Hong Kong 2011
DHT Peony Inc
DHT Peony
320,013
Hong Kong
2011
DHT Lotus Inc
 DHT Lotus
320,142
Hong Kong
 2011
Samco Epsilon Ltd DHT China
 317,794 Hong Kong 2007
Samco Delta Ltd DHT Europe
 317,713 Hong Kong 2007
DHT Bauhinia Inc DHT Bauhinia
 301,019 Hong Kong 2007
Samco Gamma Ltd DHT Scandinavia
 317,826 Hong Kong 2006
Vessels
Vessels
 
(Dollars in thousands)
  
Vessels
    
Drydock
    
EGCS1
    
Total
  
Cost
                        
As of January 1, 2024
  
$
1,929,513
    
$
48,736
    
$
74,630
    
$
2,052,878
  
Transferred to asset held for sale
     (62,829 )     (1,756 )     (3,836 )     (68,421 )
Transferred from vessel upgrades
    
-
      
6,624
      
-
      
6,624
  
Disposals
    
-
      
(8,339
)
    
-
      
(8,339
)
As of December 31, 2024
  
$
1,866,683
    
$
45,264
    
$
70,794
    
$
1,982,741
  
 
                                
Accumulated depreciation and impairment
                                
As of January 1, 2024
  
$
(690,077
)
  
$
(22,535
)
  
$
(56,556
)
  
$
(769,168
)
Charge for the period
    
(90,590
)
    
(10,647
)
    
(8,736
)
    
(109,974
)
Reversal prior impairment     27,909       -       -       27,909  
Transferred to asset held for sale
     41,203       690       3,836       45,728  
Disposals
     -      
8,339
       -      
8,339
  
As of December 31, 2024
  
$
(711,556
)
  
$
(24,153
)
  
$
(61,456
)
  
$
(797,165
)
                                 
Net book value
                                
As of December 31, 2024
  
$
1,155,127
    
$
21,111
    
$
9,338
    
$
1,185,576
  
                                 
Cost
                                
As of January 1, 2023
  
$
1,834,769
    
$
46,617
    
$
51,871
    
$
1,933,258
  
Additions
     94,743       -       -       94,743  
Transferred from vessel upgrades
    
-
      
11,159
      
22,758
      
33,917
  
Disposals
    
-
      
(9,040
)
    
-
      
(9,040
)
As of December 31, 2023
  
$
1,929,513
    
$
48,736
    
$
74,630
    
$
2,052,878
  
                                 
Accumulated depreciation and impairment
                                
As of January 1, 2023
  
$
(602,390
)
  
$
(20,792
)
  
$
(48,079
)
  
$
(671,260
)
Charge for the period
    
(87,688
)
    
(10,784
)
    
(8,477
)
    
(106,948
)
Disposals
    
-
      
9,040
      
-
      
9,040
  
As of December 31, 2023
  
$
(690,077
)
  
$
(22,535
)
  
$
(56,556
)
  
$
(769,168
)
                                 
Net book value
                                
As of December 31, 2023
  
$
1,239,435
    
$
26,201
    
$
18,074
    
$
1,283,710
  
                                 
Vessel upgrades
                                
As of January 1, 2024
  
$
-
    
$
10
    
$
-
    
$
10
  
Additions
    
-
      
6,614
      
-
      
6,614
  
Transferred to vessels
    
-
      
(6,624
)
    
-
      
(6,624
)
As of December 31, 2024
  
$
-
    
$
-
    
$
-
    
$
-
  
                                 
As of January 1, 2023
  
$
-
    
$
2,807
    
$
1,776
    
$
4,583
  
Additions
    
-
      
8,362
      
20,983
      
29,345
  
Transferred to vessels
    
-
      
(11,159
)
    
(22,758
)
    
(33,917
)
As of December 31, 2023
  
$
-
    
$
10
    
$
-
    
$
10
  
                                 
Vessels under construction
                                
As of January 1, 2024
   $ -     $ -     $ -     $ -  
Additions
     93,178       -       -       93,178  
As of December 31, 2024
   $ 93,178     $ -     $ -     $ 93,178  

1
Exhaust Gas Cleaning Systems (“EGCS”).
Future Expected Payments Vessels Under Construction
The future expected payments to the builders for the Company’s vessels under construction as of December 31, 2024 are as follows:
 
(Dollars in thousands)      
Year
  
Amount
  
2025
  
$
128,393
  
2026
    
301,312
  
Total future expected payments
  
$
429,705
  
Fair value based on market values less cost of disposal The recoverable amount is the fair value based on market values less cost of disposal for all vessels except for DHT Scandinavia, in which case the recoverable amount is the agreed sales price minus cost of disposal.

(Dollars in thousands)            
Vessel
  
Recoverable amount
    
Reversal of impairment
  
DHT Tiger
  
$
98,940
    
$
3,474
  
DHT Puma
    
94,090
      
254
  
DHT Panther
    
94,090
      
315
  
DHT Lion
    
94,090
      
42
  
DHT Leopard
    
94,090
      
2,544
  
DHT Jaguar
    
89,240
      
2,622
  
DHT Taiga
    
72,750
      
4,265
  
DHT Sundarbans
    
72,750
      
4,728
  
DHT Redwood
    
66,930
      
2,120
  
DHT Amazon
    
66,930
      
2,894
  
DHT Europe
    
46,560
      
2,431
  
DHT China
    
46,560
      
1,010
  
DHT Scandinavia¹
    
42,060
      
1,210
  
Total
  
$
979,080
    
$
27,909
  

1
DHT Scandinavia was classified as held for sale from December 10, 2024.
Other Property, Plant and Equipment
The Company’s other property, plant and equipment line item in the consolidated statement of financial position mainly consists of right-of-use (“ROU”) assets, fixtures, furniture and computer equipment. The ROU assets relate to the Company’s leased office space in Monaco, Norway, Singapore and India where the Company is a lessee.

(Dollars in thousands)
  
2024
    
2023
  
Right-of-use assets
  
$
3,952
    
$
5,693
  
Other property, plant and equipment
    
637
      
956
  
Total other property. plant and equipment
  
$
4,589
    
$
6,649