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Vessels, subsidiaries and other property, plant and equipment (Tables) | 12 Months Ended
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Dec. 31, 2025
Vessels, subsidiaries and other property, plant and equipment [Abstract] |
Vessel Subsidiaries | The vessels are owned by companies incorporated in the Marshall 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, as of December 31, 2025, the Company had 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 100% 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 Impala, Inc.1 | DHT Impala | 319,000 | The Marshall Islands | 2026
DHT Gazelle, Inc.1 | DHT Gazelle | 319,825 | The Marshall Islands | 2026
DHT Addax, Inc.1 | DHT Addax | 319,999 | The Marshall Islands | 2026
DHT Antelope, Inc.1 | DHT Antelope | 319,999 | The Marshall Islands | 2026
DHT Appaloosa Inc | DHT Appaloosa | 318,918 | The Marshall Islands | 2018
DHT Mustang Inc | DHT Mustang | 317,975 | The Marshall Islands | 2018
DHT Nokota Inc | DHT Nokota | 318,918 | The Marshall Islands | 2018
DHT Bronco Inc | DHT Bronco | 317,975 | The Marshall Islands | 2018
DHT Colt Inc | DHT Colt | 319,713 | The Marshall Islands | 2018
DHT Stallion Inc | DHT Stallion | 319,713 | The Marshall Islands | 2018
DHT Tiger Limited | DHT Tiger | 299,629 | The Marshall Islands | 2017
DHT Harrier Inc | DHT Harrier | 299,985 | The Marshall Islands | 2016
DHT Puma Limited | DHT Puma | 299,629 | The Marshall Islands | 2016
DHT Panther Limited | DHT Panther | 299,629 | The Marshall Islands | 2016
DHT Osprey Inc | DHT Osprey | 299,999 | The Marshall Islands | 2016
DHT Lion Limited | DHT Lion | 299,629 | The Marshall Islands | 2016
DHT Leopard Limited | DHT Leopard | 299,629 | The Marshall Islands | 2016
DHT Jaguar Limited | DHT Jaguar | 299,629 | The Marshall Islands | 2015
Samco Iota Ltd | DHT Taiga | 318,130 | The Marshall Islands | 2012
DHT Opal Inc | DHT Opal | 320,105 | The Marshall Islands | 2012
Samco Theta Ltd | DHT Sundarbans | 318,123 | The Marshall Islands | 2012
Samco Kappa Ltd | DHT Redwood | 318,130 | The Marshall Islands | 2011
Samco Eta Ltd | DHT Amazon | 318,130 | The Marshall Islands | 2011
Samco Epsilon Ltd | DHT China | 317,794 | The Marshall Islands | 2007
Samco Delta Ltd | DHT Europe | 317,713 | The Marshall Islands | 2007
DHT Bauhinia Inc | DHT Bauhinia | 301,019 | The Marshall Islands | 2007
1 | Subsidiaries related to newbuilding contracts. Vessels scheduled for delivery in 2026.
Vessels | Vessels
(Dollars in thousands) |  | Vessels |  |  | Drydock |  |  | EGCS1 |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2025 |  | $ | 1,866,683 |  |  | $ | 45,264 |  |  | $ | 70,794 |  |  | $ | 1,982,741 |
Additions |  |  | 105,459 |  |  |  | 5,811 |  |  |  | - |  |  |  | 111,270 |
Transferred to assets held for sale |  |  | (135,611 | ) |  |  | (3,630 | ) |  |  | (8,169 | ) |  |  | (147,411 | )
Disposals |  |  | (118,348 | ) |  |  | (8,203 | ) |  |  | (7,515 | ) |  |  | (134,065 | )
As of December 31, 2025 |  | $ | 1,718,183 |  |  | $ | 39,242 |  |  | $ | 55,110 |  |  | $ | 1,812,535 |
Accumulated depreciation and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2025 |  | $ | (711,556 | ) |  | $ | (24,153 | ) |  | $ | (61,456 | ) |  | $ | (797,165 | )
Charge for the period |  |  | (87,633 | ) |  |  | (9,344 | ) |  |  | (7,606 | ) |  |  | (104,583 | )
Transferred to assets held for sale |  |  | 96,816 |  |  |  | 1,937 |  |  |  | 8,169 |  |  |  | 106,923 |
Disposals |  |  | 51,293 |  |  |  | 7,374 |  |  |  | 7,515 |  |  |  | 66,181 |
As of December 31, 2025 |  | $ | (651,080 | ) |  | $ | (24,186 | ) |  | $ | (53,378 | ) |  | $ | (728,644 | )
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2025 |  | $ | 1,067,103 |  |  | $ | 15,056 |  |  | $ | 1,732 |  |  | $ | 1,083,891 |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2024 |  | $ | 1,929,513 |  |  | $ | 48,736 |  |  | $ | 74,630 |  |  | $ | 2,052,878 |
Transferred to assets 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 assets 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 |
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 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Vessels under construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2025 |  | $ | 93,178 |  |  | $ | - |  |  | $ | - |  |  | $ | 93,178 |
Additions |  |  | 208,474 |  |  |  | - |  |  |  | - |  |  |  | 208,474 |
As of December 31, 2025 |  | $ | 301,651 |  |  | $ | - |  |  | $ | - |  |  | $ | 301,651 |
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, 2025 are as follows:
(Dollars in thousands) |  |  |
Year |  | Amount |
2026 |  |  | 235,294 |
Total future expected payments |  | $ | 235,294 |
Fair value based on market values less cost of disposal | The recoverable amount was the fair value based on market values less cost of disposal for all vessels except for DHT Scandinavia, in which case the recoverable amount was 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) |  | 2025 |  |  | 2024 |
Right-of-use assets |  | $ | 5,329 |  |  | $ | 3,952 |
Other property, plant and equipment |  |  | 1,788 |  |  |  | 637 |
Total other property, plant and equipment |  | $ | 7,117 |  |  | $ | 4,589 |

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