Oil tanker company with operations in Norway and Singapore secures million-dollar deals

Two 14-year-old VLCC crude oil tankers have secured new one-year contracts at daily rates of up to USD 94,000. Photo: DHT Holdings

Big money is moving across the oceans.

Two giant oil tankers have just secured contracts worth up to USD 94,000 per day – and operations in both Norway and Singapore are part of the picture, Shipping Telegraph reports.

The New York-listed crude oil tanker company DHT Holdings Inc. has signed two one-year charter agreements for vessels built in 2012. The contracts begin in early 2026 and are made with what is only described as a “global energy company.”

Each ship can carry massive volumes of crude oil across continents. At close to USD 100,000 a day, the deals represent significant revenue over the year-long period.

The company manages its fleet internationally through offices in Monaco, Norway, Singapore and India.

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