0001140361-24-014358 | 20-F | XBRL Viewer

$ 74,738

^[1],[2]

$ 125,948

^[1],[2]

$ 60,658

$ 68,641

Total current assets

200,498

235,589

Total non-current assets

1,291,725

1,272,885

Total assets

1,492,223

1,508,474

Current liabilities [Abstract]

Total current liabilities

^[2]

20,493

29,398

56,605

64,374

Stockholders' equity [Abstract]

Stock

1,610

1,627

Paid-in additional capital

1,228,254

1,243,754

Total liabilities and equity

(206,477)

(180,664)

Total equity

1,031,667

1,073,486

1,047,359

1,108,940

1,492,223

1,508,474

Parent Company [Member]

Current assets [Abstract]

Accounts receivable and prepaid expenses

8,912

29,601

$ 15,539

$ 5,310

644

749

Amounts due from related parties

49,368

89,980

Total current assets

58,924

120,330

Investments in subsidiaries

722,671

375,683

Loan to subsidiaries

377,131

Total non-current assets

722,671

752,814

Total assets

781,595

873,144

Current liabilities [Abstract]

Total current liabilities

1,059

201

1,059

201

Stockholders' equity [Abstract]

Stock

1,610

1,627

Paid-in additional capital

1,180,315

1,196,239

Total liabilities and equity

(401,389)

(324,923)

Total equity

780,536

872,943

$ 781,595

$ 873,144

[1]	Cash and cash equivalents include $370 thousand in restricted cash in 2023 and $316 thousand in restricted cash in 2022, including employee withholding tax.
[2]	Amounts carried at amortized cost.

Bunker inventory	12 Months Ended
Bunker inventory	Dec. 31, 2023
Bunker inventory [Abstract]
Bunker inventory	Note 12 – Bunker inventory Bunker inventory consists of remaining bunkers for our spot vessels at the end of the year. The balance was $33,806 thousand as of December 31, 2023 compared to $33,069 thousand as of December 31, 2022. Bunker inventory is stated at the lower of cost and net realizable value. Cost is determined using the FIFO method and includes expenditures incurred in acquiring the bunkers and delivery cost less discounts.

Operating expenses, Stock Compensation Series (Details) - Restricted Shares [Member]	12 Months Ended
	Dec. 31, 2023 shares $ / shares
January 2020 One [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	460,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 8.22
January 2020 Two [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	150,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 8.22
January 2020 Three [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	200,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 3.56
January 2021 One [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	579,100
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 5.52
January 2021 Two [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	175,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 5.52
January 2021 Three [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	119,900
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 3.22
January 2022 One [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	175,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 5.38
January 2022 Two [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	573,359
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 5.3
January 2022 Three [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	124,594
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 4.29
January 2023 One [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	251,250
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 8.25
January 2023 Two [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	48,750
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 6.72
January 2023 Three [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	135,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 8.25

Stockholders' equity and dividend payment (Tables)

12 Months Ended

Dec. 31, 2023

Stockholders' equity and dividend payment [Abstract]

Stockholders Equity

Stockholders’ equity

(Dollars in thousands, except per share data)	Common stock			Preferred stock
Issued at December 31, 2021		166,126,770
Restricted stock issued		852,948
Retirement of treasury shares		(4,326,379	)
Issued at December 31, 2022		162,653,339
Restricted stock issued		556,130
Retirement of treasury shares		(2,209,927	)
Issued at December 31, 2023		160,999,542
Par value	$	0.01		$	0.01
Number of shares authorized for issue at December 31, 2023		250,000,000

Dividend Payment

Dividend payments

Dividend payments as of December 31, 2023:			Per share
Payment date:		Total payment	Common
February 24, 2023	$	61.9 million	$	0.38
May 25, 2023	$	37.5 million	$	0.23
August 30, 2023	$	56.7 million	$	0.35
November 28, 2023	$	30.6 million	$	0.19
Total payments as of December 31, 2023	$	186.7 million	$	1.15

Dividend payments as of December 31, 2022:			Per share
Payment date:		Total payment	Common
February 24, 2022	$	3.3 million	$	0.02
May 26, 2022	$	3.3 million	$	0.02
August 30, 2022	$	6.5 million	$	0.04
November 29, 2022	$	6.5 million	$	0.04
Total payments as of December 31, 2022	$	19.7 million	$	0.12

Dividend payments as of December 31, 2021:			Per share
Payment date:		Total payment	Common
February 25, 2021	$	8.6 million	$	0.05
May 26, 2021	$	6.8 million	$	0.04
August 26, 2021	$	3.3 million	$	0.02
November 23, 2021	$	3.3 million	$	0.02
Total payments as of December 31, 2021	$	22.1 million	$	0.13

Refer to Note 18 for the dividend paid after the reporting date.

Consolidated Statement of Financial Position - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Current assets

^[1],[2]

$ 74,738

$ 125,948

Capitalized voyage expenses

^[2]

75,848

59,465

2,549

2,799

Prepaid expenses

13,557

10,550

Derivative financial assets

^[3]

3,759

Bunker inventory

33,806

33,069

Total current assets

200,498

235,589

Non-current assets

Advances for vessel upgrades

1,283,710

1,261,998

4,583

Other property, plant and equipment

6,649

4,949

Goodwill

1,356

Total non-current assets

1,291,725

1,272,885

Total assets

1,492,223

1,508,474

Current liabilities

Current portion long-term debt

^[2]

20,493

29,398

^[2]

30,300

29,626

Other current liabilities

1,418

1,178

Deferred shipping revenues

4,394

4,172

Total current liabilities

56,605

64,374

Non-current liabilities

Long-term debt

^[2]

398,425

367,069

Other non-current liabilities

5,527

3,545

Total non-current liabilities

403,952

370,614

Total liabilities

460,557

434,988

Equity

Common stock at par value

1,610

1,627

Additional paid-in capital

1,228,254

1,243,754

Total equity attributable to the Company

(206,477)

(180,664)

Translation differences

201

138

Other reserves

3,566

3,623

1,027,153

1,068,478

Non-controlling interest

4,513

5,008

Total equity

1,031,667

1,073,486

Total liabilities and equity

$ 1,492,223

$ 1,508,474

[1]	Cash and cash equivalents include $370 thousand in restricted cash in 2023 and $316 thousand in restricted cash in 2022, including employee withholding tax.
[2]	Amounts carried at amortized cost.
[3]	Amounts carried at fair value through profit or loss.

Consolidated Statement of Cash Flow - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Cash flows from operating activities

Items included in net income not affecting cash flows:

$ 161,397

$ 61,979

$ (11,507)

Depreciation and amortization

108,902

123,255

128,639

Amortization of deferred debt issuance cost

2,972

2,902

2,550

(Gain) / loss, disposal of property, plant and equipment

(Gain)/loss, sale of vessel

(19,513)

(15,153)

Fair value (gain)/loss on derivative financial liabilities

504

(14,983)

(12,450)

Impairment of equity accounted investment

637

3,233

4,133

4,347

Net foreign exchange differences

(32)

(73)

(Gain)/loss modification of debt

(693)

(669)

(3,049)

Share of profit in associated companies

(1,327)

(1,278)

Changes in operating assets and liabilities:

Capitalized voyage expenses

(16,383)

(28,703)

(301)

250

(1,403)

(356)

Prepaid expenses

(3,007)

(3,537)

523

Deferred shipping revenues

(5,232)

5,573

1,510

222

(693)

(11,372)

Bunker inventory

(738)

327

(21,542)

Net cash provided by operating activities

251,411

127,906

60,562

Cash flows from investing activities

Investment in vessels

(128,081)

(9,902)

(174,558)

Proceeds from sale of vessels

112,399

87,062

Purchase of non-controlling interest in subsidiary

(2)

Acquisition of subsidiary, net of cash paid

8,267

Dividend received from associated company

1,031

Proceeds from sale of derivatives

3,256

Investment in other property, plant and equipment

(152)

(243)

(48)

Net cash (used in)/provided by investing activities

(124,977)

110,518

(86,512)

Cash flows from financing activities

Cash dividends paid

(186,672)

(19,679)

(22,083)

Dividends paid to non-controlling interest

(590)

Repayment principal element of lease liability

(1,424)

(1,090)

(611)

Issuance of long-term debt

339,633

4,008

355,840

Repayment of long-term debt

(18,808)

(24,758)

(32,178)

(309,902)

(131,825)

(283,000)

Net cash (used in)/provided by financing activities

(177,763)

(173,343)

17,967

Net (decrease)/increase in cash and cash equivalents

(51,329)

65,081

(7,983)

Net foreign exchange difference

119

209

Cash and cash equivalents at beginning of period

125,948

^[1],[2]

60,658

68,641

Cash and cash equivalents at end of period

74,738

^[1],[2]

125,948

^[1],[2]

60,658

Specification of items included in operating activities:

Interest paid

29,480

23,450

23,196

Interest received

$ 5,076

$ 1,481

$ 6

[1]	Cash and cash equivalents include $370 thousand in restricted cash in 2023 and $316 thousand in restricted cash in 2022, including employee withholding tax.
[2]	Amounts carried at amortized cost.

Vessels, subsidiaries and other property, plant and equipment, Pledged Assets (Details) - Vessel	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pledged assets [Abstract]
Number of vessels	24	23	26

Events after the reporting date (Details) $ in Millions		1 Months Ended
Events after the reporting date (Details) $ in Millions	Feb. 06, 2024 $ / shares	Feb. 29, 2024 VLCC	Jan. 31, 2024 shares $ / shares	Feb. 28, 2024 USD ($)
Share Transactions [Member]
Restricted Shares [Abstract]
Number of shares, awarded (in shares)			300,000
Number of shares, vesting in year one (in shares)			67,500
Number of shares, vesting in year two (in shares)			67,500
Number of shares, vesting in year three (in shares)			48,750
Number of shares, vesting in year four (in shares)			67,500
Number of shares, vesting subject to certain market conditions (in shares)			48,750
Number of shares, vesting in year one to four (in shares)			251,250
Estimated fair value of share at grant date subject to certain market conditions (in dollars per share) \| $ / shares			$ 10.94
Estimated fair value of share at grant date (in dollars per share) \| $ / shares			$ 8.04
Share Transactions [Member] \| Board of Directors [Member]
Restricted Shares [Abstract]
Number of shares, awarded (in shares) \| $ / shares			125,000
Estimated fair value of share at grant date (in dollars per share) \| $ / shares			$ 10.94
Dividend Declared for Q1 [Member]
Dividend [Abstract]
Dividend declare date	Feb. 06, 2024
Dividend declared (in dollars per share) \| $ / shares	$ 0.22
Dividends payable date	Feb. 28, 2024
Dividend record date	Feb. 21, 2024
Total dividend payment \| $				$ 35.5
Subsequent Events [Member]
Dividend [Abstract]
Number of VLCCs contracted to be built \| VLCC		4
Subsequent Events [Member] \| Hyundai Heavy Industries [Member]
Dividend [Abstract]
Number of VLCCs contracted to be built \| VLCC		2
Subsequent Events [Member] \| Hanwha Ocean [Member]
Dividend [Abstract]
Number of VLCCs contracted to be built \| VLCC		2

Related parties	12 Months Ended
Related parties	Dec. 31, 2023
Related parties [Abstract]
Related parties	Note 13 – Related parties Related party transactions relate to the Company’s subsidiaries, associated company, employees and members of the board of directors. Transactions between DHT Holdings, Inc. and its subsidiaries have been eliminated on consolidation and are not disclosed in this note. For the first five months of 2022, DHT Holdings, Inc. had a 50% ownership in Goodwood, which was treated as an investment in associate. During that period, total technical management fees paid were $1,485 thousand. In May 2022, the parent company acquired an additional 3% equity interest in Goodwood through a step acquisition, resulting in a total ownership of 53%. Refer to Note 16 for more information regarding business combination. In 2021, total technical management fees paid to Goodwood were $3,459 thousand. Further, DHT has guarantees for certain of its subsidiaries. This mainly relates to the Company’s secured credit facilities, all of which are entered into by special-purpose wholly owned vessel-owning subsidiaries as borrowers and guaranteed by DHT Holdings, Inc.

Investment in associate company and business combination, Cash Flow on Acquisition (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flow on acquisition [Abstract]
Net cash acquired with the subsidiary	$ 8,660
Cash paid	(394)
NET CASH FLOW ON ACQUISITION	$ 8,267	$ 0	$ 8,267	$ 0

Operating expenses, Vessel Operating Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating expense [Abstract]
Operating expenses	$ 68,554	$ 67,846	$ 71,609
Insurance	6,875	5,963	6,198
Total vessel operating expenses	$ 75,429	$ 73,809	$ 77,807

Stockholders' equity and dividend payment, Stock Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stock Repurchases [Abstract]
Share repurchases (in shares)	2,209,927	4,326,379	5,513,254
Aggregate consideration	$ 18,808	$ 24,758	$ 32,178
Average price (in dollars per share)	$ 8.49	$ 5.71	$ 5.82

Segment information	12 Months Ended
Segment information	Dec. 31, 2023
Segment information [Abstract]
Segment information	Note 3 – Segment information Operating Segments DHT’s primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. The Company is organized and managed as one segment based on the nature and financial effects of the business activities which it engages and the economic environment in which it operates. The consolidated operating results are regularly reviewed by the Company’s chief operating decision maker, the President & Chief Executive Officer, and the Company does not monitor performance by geographical areas. Entity-wide disclosures Information about major customers: As of December 31, 2023, the Company had 24 vessels in operation of which five were on time charters and 19 were vessels operating in the spot market. For the period from January 1, 2023, to December 31, 2023, five customers represented $87,379 thousand, $84,493 thousand, $71,291 thousand, $57,641 thousand, and $39,676 thousand, respectively, of the Company’s shipping revenues. The five customers in aggregate represented $340,480 thousand, equal to 61 percent of the shipping revenues of $556,075 thousand for the period from January 1, 2023, to December 31, 2023. For the period from January 1, 2022, to December 31, 2022, five customers represented $80,198 thousand, $68,829 thousand, $27,443 thousand, $26,873 thousand, and $19,788 thousand, respectively, of the Company’s shipping revenues. The five customers in aggregate represented $223,131 thousand, equal to 50 percent of the shipping revenues of $450,381 thousand for the period from January 1, 2022, to December 31, 2022. For the period from January 1, 2021, to December 31, 2021, five customers represented $41,418 thousand, $35,154 thousand, $28,322 thousand, $26,392 thousand, and $26,315 thousand, respectively, of the Company’s shipping revenues. The five customers in aggregate represented $157,601 thousand, equal to 53 percent of the shipping revenues of $295,853 thousand for the period from January 1, 2021, to December 31, 2021.

Financial instruments, Categories of Financial Instruments (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Financial assets [Abstract]

$ 74,738

^[1],[2]

$ 125,948

^[1],[2]

$ 60,658

$ 68,641

Derivative financial assets, current

^[2]

75,848

59,465

^[3]

3,759

Total financial assets

150,586

189,172

Financial liabilities [Abstract]

Accounts payables and accrued expenses

^[2]

20,493

29,398

Current portion long term debt

^[2]

30,300

29,626

Long term debt

^[2]

398,425

367,069

Total financial liabilities

449,219

426,094

Restricted cash

$ 370

$ 316

[1]	Cash and cash equivalents include $370 thousand in restricted cash in 2023 and $316 thousand in restricted cash in 2022, including employee withholding tax.
[2]	Amounts carried at amortized cost.
[3]	Amounts carried at fair value through profit or loss.

Financial risk management, objectives and policies, Market Risk (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Type	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Market risk [Abstract]
Number of types of risk in market prices \| Type	4
Increase (decrease) in profit (loss) due to change in interest rates by fifty basis points \| $	$ (2,185)	$ (457)	$ (981)

Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables)

12 Months Ended

Dec. 31, 2023

Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]

Condensed Statement of Financial Position

	December 31,			December 31,
(Dollars in thousands)	2023			2022
ASSETS
Current assets
Cash and cash equivalents	$	8,912		$	29,601
Accounts receivable and prepaid expenses		644			749
Amounts due from related parties		49,368			89,980
Total current assets	$	58,924		$	120,330

Investments in subsidiaries	$	722,671		$	375,683
Loan to subsidiaries		-			377,131
Total non-current assets	$	722,671		$	752,814

Total assets	$	781,595		$	873,144

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses	$	1,059		$	201
Total current liabilities	$	1,059		$	201

Stockholders’ equity
Stock	$	1,610		$	1,627
Paid-in additional capital		1,180,315			1,196,239
Accumulated deficit		(401,389	)		(324,923	)
Total stockholders’ equity	$	780,536		$	872,943

Total liabilities and stockholders’ equity	$	781,595		$	873,144

Condensed Income Statement

	Year ended			Year ended			Year ended
	December 31,			December 31,			December 31,
(Dollars in thousands)	2023			2022			2021

Revenues	$	-		$	-		$	980
Impairment charge		(699	)		(1,234	)		(35,149	)
Dividend income		119,514			77,820			70,746
General and administrative expense		(17,651	)		(17,704	)		(17,742	)
Operating income/(loss)	$	101,164		$	58,881		$	18,835

Interest income	$	9,114		$	18,823		$	17,233
Other financial (expense)/income		(72	)		(141	)		26
Profit/(loss) for the year	$	110,206		$	77,563		$	36,095

Condensed Statement of Comprehensive Income

	Year ended		Year ended		Year ended
	December 31,		December 31,		December 31,
(Dollars in thousands)	2023		2022		2021
Profit/(loss) for the year	$	110,206	$	77,563	$	36,095
Total comprehensive income/(loss) for the period	$	110,206	$	77,563	$	36,095
Attributable to the owners	$	110,206	$	77,563	$	36,095

Condensed Statement of Cash Flow

	Year ended			Year ended			Year ended
	December 31,			December 31,			December 31,
(Dollars in thousands)	2023			2022			2021

Cash flows from operating activities
Profit/(loss) for the year	$	110,206		$	77,563		$	36,095
Items included in net income not affecting cash flows:
Impairment charge		699			1,234			35,149
Compensation related to options and restricted stock		2,168			3,013			3,203
Changes in operating assets and liabilities:
Accounts receivable and prepaid expenses		105			(675	)		1,604
Accounts payable and accrued expenses		858			(246	)		277
Amounts due to related parties		10,574			(69,740	)		(6,834	)
Net cash provided by/(used in) operating activities	$	124,611		$	11,150		$	69,494

Cash flows from investing activities
Investments in subsidiaries	$	-		$	(395	)	$	-
Loan to subsidiaries	$	60,180		$	47,744		$	(5,004	)
Net cash provided by/(used in) investing activities	$	60,180		$	47,349		$	(5,004	)

Cash flows from financing activities
Cash dividends paid	$	(186,672	)	$	(19,679	)	$	(22,083	)
Purchase of treasury shares		(18,808	)		(24,758	)		(32,178	)
Net cash used in financing activities	$	(205,480	)	$	(44,436	)	$	(54,261	)

Net increase/(decrease) in cash and cash equivalents	$	(20,689	)	$	14,062		$	10,229
Cash and cash equivalents at beginning of period		29,601			15,539			5,310
Cash and cash equivalents at end of period	$	8,912		$	29,601		$	15,539

Profit/(Loss) Reconciliation

Profit/(loss) reconciliation

	Year ended		Year ended			Year ended
	December 31,		December 31,			December 31,
(Dollars in thousands)	2023		2022			2021

Profit/(loss) of the parent company only under cost method of accounting	$	110,206	$	77,563		$	36,095
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting		50,716		(16,107	)		(47,776	)
Profit/(loss) of the parent company only under equity method of accounting	$	160,922	$	61,456		$	(11,681	)

Equity Reconciliation

Equity reconciliation

	December 31,		December 31,		December 31,
(Dollars in thousands)	2023		2022		2021

Equity of the parent company only under cost method of accounting	$	780,536	$	872,943	$	836,097
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting		345,217		294,501		310,608
Equity of the parent company only under equity method of accounting	$	1,125,753	$	1,167,444	$	1,146,706

Earnings per share ("EPS") (Tables)

12 Months Ended

Dec. 31, 2023

Earnings per share ("EPS") [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The components of the calculation of basic EPS and diluted EPS are as follows:

(Dollars in thousands)	2023		2022		2021
Profit/(loss) for the period used for calculation of EPS - basic	$	161,353	$	61,520	$	(11,521	)
Profit/(loss) for the period used for calculation of EPS - dilutive	$	161,353	$	61,520	$	(11,521	)

Basic earnings per share:
Weighted average shares outstanding - basic		162,178,499		164,692,954		169,089,325

Diluted earnings per share:
Weighted average shares outstanding - basic		162,178,499		164,692,954		169,089,325
Dilutive equity awards ¹		178,236		157,137		-
Weighted average shares outstanding - dilutive		162,356,735		164,850,091		169,089,325

¹	In 2023, 2022 and 2021, equity awards of nil, nil and 77,546, respectively, were excluded from the calculation of the dilutive weighted average shares outstanding due to being antidilutive.

Charter arrangements, Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Contract balances [Abstract]
Deferred shipping revenues	$ 4,394	$ 4,172	$ 4,865
Capitalized voyage expenses	2,549	2,799	1,395
Impairment losses	0	0	0
Voyage in Progress at the End of December 31, 2023 [member]
Contract balances [Abstract]
Amortisation expense	2,264
Voyage in Progress at the End of December 31, 2022 [Member]
Contract balances [Abstract]
Amortisation expense	$ 2,799	1,945
Voyage in Progress at the End of December 31, 2021 [Member]
Contract balances [Abstract]
Amortisation expense		$ 1,395	1,661
Voyage in Progress at the End of December 31, 2020 [Member]
Contract balances [Abstract]
Amortisation expense			$ 1,039

Operating expenses, Shares Held by Directors and Executives (Details) - shares

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Shares Held by Executives and Directors [Abstract]

Executives and Directors as a group (in shares)

^[1]

2,143,973

1,908,331

2,958,894

Number of restricted stock subject to vesting conditions (in shares)

498,818

595,832

725,665

President & Chief Executive Officer [Member]

Shares Held by Executives and Directors [Abstract]

Period of base salary entitled to directors and executives in connection with termination of employment

18 months

Chief Financial Officer [Member]

Shares Held by Executives and Directors [Abstract]

Period of base salary entitled to directors and executives in connection with termination of employment

12 months

[1]	Includes 498,818 (2022: 595,832, 2021: 725,665) shares of restricted stock subject to vesting conditions.

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Condensed Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Income Statement [abstract]
Revenues	$ 560,556	$ 454,146	$ 295,853
General and administrative expense	(17,448)	(16,889)	(16,565)
Operating income	193,110	74,204	202
Interest income	4,485	1,076	6
Other financial (expense)/income	(1,984)	(2,826)	645
Profit/(loss) for the year	161,397	61,979	(11,507)
Parent Company [Member]
Condensed Income Statement [abstract]
Revenues	0	0	980
Impairment charge	(699)	(1,234)	(35,149)
Dividend income	119,514	77,820	70,746
General and administrative expense	(17,651)	(17,704)	(17,742)
Operating income	101,164	58,881	18,835
Interest income	9,114	18,823	17,233
Other financial (expense)/income	(72)	(141)	26
Profit/(loss) for the year	$ 110,206	$ 77,563	$ 36,095

Events after the reporting date	12 Months Ended
Events after the reporting date	Dec. 31, 2023
Events after the reporting date [Abstract]
Events after the reporting date	Note 18 – Events after the reporting date In January 2024, for the year 2023, a total of 300,000 shares of restricted stock were awarded to management pursuant to the 2022 Plan, of which 67,500 shares will vest in January 2025, 67,500 shares will vest in January 2026, 48,750 shares will vest prior to December 2026 and 67,500 shares will vest in January 2027. The remaining 48,750 shares will vest subject to certain market conditions prior to December 2026. The above vesting is subject to continued employment or office, as applicable, as of the relevant vesting date. The estimated fair value at grant date was $10.94 for 251,250 shares and $8.04 per share for 48,750 shares. In January 2024, a total of 125,000 shares of restricted stock were awarded to the board of directors pursuant to the 2022 Plan. The estimated fair value at grant date was $10.94 and the shares will vest in June 2025. On February 6, 2024, DHT announced that it would pay a dividend of $0.22 per common share on February 28, 2024, to shareholders of record as of February 21, 2024. This resulted in a total dividend payment of $35.5 million. In February 2024, the Company announced that it has contracted to build four new VLCCs, two at Hyundai Heavy Industries and two at Hanwha Ocean in South Korea, for delivery in 2026. The financial statements were approved by the board of directors on March 13, 2024, and authorized for issue.

Bunker inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Bunker inventory [Abstract]
Bunker inventory	$ 33,806	$ 33,069

Charter arrangements

12 Months Ended

Dec. 31, 2023

Charter arrangements [Abstract]

Charter arrangements

Note 4 – Charter arrangements

The below table details the Company’s shipping revenues:

(Dollars in thousands)	2023		2022		2021
Time charter revenues ¹	$	74,989	$	75,790	$	140,730
Voyage charter revenues		481,087		374,592		155,124
Shipping revenues	$	556,075	$	450,381	$	295,853
Other revenues²		4,481		3,764		-
Total revenues	$	560,556	$	454,146	$	295,853

The majority of time charter revenues are presented in accordance with IFRS 16, while the portion of time charter revenues related to technical management services, equaling $18,961 thousand, $19,144 thousand and $36,384 thousand, for 2023, 2022 and 2021, respectively, is recognized in accordance with IFRS 15.

²	Other revenues mainly relate to technical management services provided.

The following summarizes the Company’s vessel employment as of December 31, 2023:

Vessel	Type of Employment	Expiry
VLCC
DHT Appaloosa	Spot
DHT Mustang	Spot
DHT Bronco	Spot
DHT Colt	Spot
DHT Stallion	Spot
DHT Tiger	Spot
DHT Harrier	Time charter		Q4 2024
DHT Puma	Time charter with profit sharing		Q1 2026
DHT Panther	Spot
DHT Osprey	Time charter		Q2 2027
DHT Lion	Spot
DHT Leopard	Time charter		Q4 2027
DHT Jaguar	Spot
DHT Taiga	Spot
DHT Opal	Spot
DHT Sundarbans	Time charter with profit sharing		Q1 2025
DHT Redwood	Spot
DHT Amazon	Spot
DHT Peony	Spot
DHT Lotus	Spot
DHT China	Spot
DHT Europe	Spot
DHT Bauhinia	Spot
DHT Scandinavia	Spot

Future charter payments

The future revenues expected to be received from the time charters (not including any potential profit sharing) for the Company’s vessels on existing charters as of the reporting date are as follows:

Year	Amount
2024	$	62,952
2025		39,721
2026		26,552
2027		17,847
Thereafter		-
Net charter payments	$	147,072

The future net charter payments were $95,873 thousand for the year ending December 31, 2022, and $79,942 thousand for the year ending December 31, 2021.

Any extension periods, unless already exercised as of December 31, 2023, are not included in the table above. Time charter hire payments are not received when a vessel is off-hire, including off-hire related to normal periodic maintenance of the vessel. In arriving at the minimum future charter revenues, an estimated time for off-hire to perform periodic maintenance on each vessel has been deducted, although there is no assurance that such estimate will be reflective of the actual off-hire in the future.

Other income

There was no other income for 2023 or 2022. In the fourth quarter of 2021, the Company received $4,612 thousand, net of tax, as a distribution of equity from The Norwegian Shipowner’s Mutual War Risk Insurance Association.

Contract balances

Contract balances and related disclosures have been included in the following places in the notes to the Company’s consolidated financial statements:

		Note
Accounts receivable and accrued revenues		note 8,9

Deferred shipping revenues relate to charter hire payments paid in advance. The year-end deferred shipping revenues balances have been recognized as revenue in the following year due to the short-term nature of the advances.

		2023				2022				2021
Deferred shipping revenues		$	4,394			$	4,172			$	4,865

Capitalized voyage expenses

Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port and amortized between load port and discharge port. The closing balance of assets recognized from the costs to obtain or fulfil a contract was:

		2023				2022				2021
Capitalized voyage expenses		$	2,549			$	2,799			$	1,395

During the twelve months of 2023, $2,799 thousand was amortized related to voyages in progress as of December 31, 2022, and $2,264 thousand was amortized related to the voyages in progress as of December 31, 2023. No impairment losses were recognized in the period. During the twelve months of 2022, $1,395 thousand was amortized related to voyages in progress as of December 31, 2021, and $1,945 thousand was amortized related to the voyages in progress as of December 31, 2022. No impairment losses were recognized in the period. During the twelve months of 2021, $1,039 thousand was amortized related to voyages in progress as of December 31, 2020, and $1,661 thousand was amortized related to the voyages in progress as of December 31, 2021. No impairment losses were recognized in the period.

Concentration of risk

As of December 31, 2023, five of the Company’s 24 vessels were chartered to three different counterparties and 19 vessels were operated in the spot market.

As of December 31, 2022, five of the Company’s 23 vessels were chartered to four different counterparties and 18 vessels were operated in the spot market.

As of December 31, 2021, seven of the Company’s 26 vessels were chartered to five different counterparties and 19 vessels were operated in the spot market.

The Company believes that the concentration of risk is limited and can be adequately monitored.

Operating expenses, Prepaid Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating expense [Abstract]
Prepaid voyage expenses	$ 4,006	$ 5,678
Prepaid vessel operating expenses	6,676	2,216
Other	2,875	2,655
Total prepaid expenses	$ 13,557	$ 10,550

Charter arrangements, Shipping Revenues (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Time Charter Revenues [Member]

$ 556,075

$ 450,381

$ 295,853

Other revenues

^[1]

4,481

3,764

Total revenues

560,556

454,146

295,853

Time Charter Revenues [Member] | IFRS 15 [Member]

^[2]

74,989

75,790

140,730

Voyage Charter Revenues [Member]

Total revenues

18,961

19,144

36,384

$ 481,087

$ 374,592

$ 155,124

[1]	Other revenues mainly relate to technical management services provided
[2]	The majority of time charter revenues are presented in accordance with IFRS 16, while the portion of time charter revenues related to technical management services, equaling $18,961 thousand, $19,144 thousand and $36,384 thousand, for 2023, 2022 and 2021, respectively, is recognized in accordance with IFRS 15.

Reconciliation of liabilities arising from financing activities [Abstract]

The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2023-01-01
-Paragraph 28
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_28_a&doctype=Standard
-URIDate 2023-03-23

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2023-01-01
-Paragraph 23
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_23_a&doctype=Standard
-URIDate 2023-03-23

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2023-01-01
-Paragraph 32
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_32&doctype=Standard
-URIDate 2023-03-23

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 5
-IssueDate 2023-01-01
-Paragraph 33
-Subparagraph b
-Clause i
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=5&code=ifrs-tx-2023-en-r&anchor=para_33_b_i&doctype=Standard
-URIDate 2023-03-23

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2023-01-01
-Paragraph 33
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_33_a&doctype=Standard
-URIDate 2023-03-23

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
-IssueDate 2023-01-01
-Paragraph 34
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_34&doctype=Standard
-URIDate 2023-03-23

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2023-01-01
-Paragraph B12
-Subparagraph b
-Clause v
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2023-en-r&anchor=para_B12_b_v&doctype=Appendix&subtype=B
-URIDate 2023-03-23

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Name IFRS
-Number 12
-IssueDate 2023-01-01
-Paragraph B10
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2023-en-r&anchor=para_B10_b&doctype=Appendix&subtype=B
-URIDate 2023-03-23

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 82
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_82_a&doctype=Standard
-URIDate 2023-03-23

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 103
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_103&doctype=Standard
-URIDate 2023-03-23

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 102
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_102&doctype=Standard
-URIDate 2023-03-23

+ Details

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Equity Reconciliation (Details) - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity reconciliation [Abstract]
Equity of the parent company only under cost method of accounting	$ 780,536	$ 872,943	$ 836,097
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting	345,217	294,501	310,608
Equity of the parent company only under equity method of accounting	1,125,753	1,167,444	1,146,706
Dividend income from subsidiaries	$ 117,171	$ 72,700	$ 69,500

Financial instruments, Reconciliation of Liabilities Arising from Financing Activities (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Beginning balance

^[1]

$ 400,634

$ 525,584

Financing cash flows

^[1],[2]

28,307

(128,906)

Non-cash changes [Abstract]

Amortization

^[1]

2,972

2,902

Other changes

^[1],[3]

2,661

1,054

Ending balance

^[1]

434,574

400,634

Current portion long term debt

^[4]

30,300

29,626

Long term debt

^[4]

398,425

367,069

Other current liabilities

1,418

1,178

Other non-current liabilities

5,527

3,545

Bank Loans [Member]

Reconciliation of liabilities arising from financing activities [Abstract]

Beginning balance

^[5]

396,696

522,299

Financing cash flows

^[2],[5]

29,731

(127,816)

Non-cash changes [Abstract]

Amortization

^[5]

2,972

2,902

Other changes

^[3],[5]

(673)

(688)

Ending balance

^[5]

428,726

396,696

Current portion long term debt

30,300

29,626

Long term debt

398,425

367,069

Office Leases [Member]

Reconciliation of liabilities arising from financing activities [Abstract]

Beginning balance

^[6]

3,938

3,285

Financing cash flows

^[2],[6]

(1,424)

(1,090)

Non-cash changes [Abstract]

Amortization

^[2]

Other changes

^[3],[6]

3,334

1,743

Ending balance

^[6]

5,849

3,938

Other current liabilities

1,418

1,178

Other non-current liabilities

$ 4,431

$ 2,760

[1]	The reconciliation does not include interest rate swaps, which are described in Note 8.
[2]	The cash flows from bank loans make up the net amount of issuance of long-term debt and repayment of long-term debt in the statement of cash flows.
[3]	Other changes related to bank loans for the years 2023 and 2022 represent gains on modification of debt which includes previously capitalized fees. Other changes related to office leases for 2023 represent lease modification and foreign exchange effects during the year related to IFRS 16 Leases. Other changes related to office leases for 2022 represent lease liabilities assumed through the business combination (for more details see Note 16), lease modification, and foreign exchange effects during the year related to IFRS 16.
[4]	Amounts carried at amortized cost.
[5]	As of December 31, 2023, bank loans consist of current portion long-term debt of $30,300 thousand and long-term debt of $398,425 thousand. As of December 31, 2022, bank loans consist of current portion long-term debt of $29,626 thousand and long-term debt of $367,069 thousand.
[6]	As of December 31, 2023, office leases consist of $1,418 thousand of current liabilities and $4,431 thousand of non-current liabilities. As of December 31, 2022, office leases consist of $1,178 thousand of current liabilities and $2,760 thousand of non-current liabilities. The remaining balance of non-current liabilities consists of pensions, deferred tax liability, and restoration cost related to office rental.

Vessels, subsidiaries and other property, plant and equipment, Details of Vessel Subsidiaries (Details)	12 Months Ended
	Dec. 31, 2023 t Subsidiary
Vessel Subsidiaries [Abstract]
Number of subsidiaries for management services \| Subsidiary	3
Goodwood [Member]
Vessel Subsidiaries [Abstract]
Percentage of vessel subsidiaries owned	53.00%
Vessel Subsidiaries [Member]
Vessel Subsidiaries [Abstract]
Percentage of vessel subsidiaries owned	100.00%
DHT Appaloosa [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Appaloosa Inc
DWT	318,918
Flag State	Hong Kong
Year Built	2018
DHT Mustang [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Mustang Inc
DWT	317,975
Flag State	Hong Kong
Year Built	2018
DHT Bronco [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Bronco Inc
DWT	317,975
Flag State	Hong Kong
Year Built	2018
DHT Colt [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Colt Inc
DWT	319,713
Flag State	Hong Kong
Year Built	2018
DHT Stallion [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Stallion Inc
DWT	319,713
Flag State	Hong Kong
Year Built	2018
DHT Tiger [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Tiger Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2017
DHT Harrier [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Harrier Inc
DWT	299,985
Flag State	Hong Kong
Year Built	2016
DHT Puma [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Puma Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2016
DHT Panther [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Panther Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2016
DHT Osprey [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Osprey Inc
DWT	299,999
Flag State	Hong Kong
Year Built	2016
DHT Lion [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Lion Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2016
DHT Leopard [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Leopard Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2016
DHT Jaguar [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Jaguar Limited
DWT	299,629
Flag State	Hong Kong
Year Built	2015
DHT Taiga [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Iota Ltd
DWT	318,130
Flag State	Hong Kong
Year Built	2012
DHT Opal [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Opal Inc
DWT	320,105
Flag State	Hong Kong
Year Built	2012
DHT Sundarbans [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Theta Ltd
DWT	318,123
Flag State	Hong Kong
Year Built	2012
DHT Redwood [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Kappa Ltd
DWT	318,130
Flag State	Hong Kong
Year Built	2011
DHT Amazon [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Eta Ltd
DWT	318,130
Flag State	Hong Kong
Year Built	2011
DHT Peony [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Peony Inc
DWT	320,013
Flag State	Hong Kong
Year Built	2011
DHT Lotus [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Lotus Inc
DWT	320,142
Flag State	Hong Kong
Year Built	2011
DHT China [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Epsilon Ltd
DWT	317,794
Flag State	Hong Kong
Year Built	2007
DHT Europe [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Delta Ltd
DWT	317,713
Flag State	Hong Kong
Year Built	2007
DHT Bauhinia [Member]
Vessel Subsidiaries [Abstract]
Company	DHT Bauhinia Inc
DWT	301,019
Flag State	Hong Kong
Year Built	2007
DHT Scandinavia [Member]
Vessel Subsidiaries [Abstract]
Company	Samco Gamma Ltd
DWT	317,826
Flag State	Hong Kong
Year Built	2006

Financial instruments, Interest Bearing Debt (Details)
$ in Thousands

12 Months Ended

Jan. 31, 2023

USD ($)

Dec. 31, 2023

USD ($)

Oct. 31, 2023

Sep. 30, 2023

USD ($)

Jun. 30, 2023

Dec. 31, 2022

USD ($)

Nov. 30, 2022

USD ($)

Jun. 30, 2021

May 31, 2021

USD ($)

Apr. 30, 2020

USD ($)

Nov. 30, 2014

USD ($)

$ 437,041

Capitalized borrowing cost

428,726

$ 396,696

$ 4,300

Credit Agricole Credit Facility [Member]

2028

$ 35,000

Credit Agricole Credit Facility [Member] | SOFR [Member]

$ 34,097

36,381

$ 37,500

Danish Ship Finance Credit Facility [Member]

2.05%

2025

$ 29,120

Percentage of Credit Adjustment Spread (CAS)

$ 28,982

31,342

$ 36,400

$ 49,400

^[1]

0.0048

Danish Ship Finance Credit Facility [Member] | SOFR + CAS [Member]

Danish Ship Finance Credit Facility [Member] | LIBOR [Member]

2.00%

^[1]

2.00%

Nordea Credit Facility [Member]

2.00%

2027

$ 93,521

Percentage of Credit Adjustment Spread (CAS)

$ 90,594

113,043

$ 316,200

^[1],[2]

0.0026

Undrawn borrowing facilities

$ 141,900

Nordea Credit Facility [Member] | SOFR + CAS [Member]

Nordea Credit Facility [Member] | LIBOR [Member]

1.90%

^[2]

1.90%

ING Credit Facility [Member]

1.90%

Undrawn borrowing facilities

$ 51,100

ING Credit Facility One [Member]

2029

$ 235,150

ING Credit Facility One [Member] | SOFR [Member]

$ 405,000

$ 231,258

Percentage of Credit Adjustment Spread (CAS)

1.90%

0.0026

ING Credit Facility Two [Member]

2029

$ 44,250

ING Credit Facility Two [Member] | SOFR [Member]

$ 43,794

$ 45,000

ABN AMRO Credit Facility [Member]

1.80%

^[3]

0.00%

^[3]

$ 0

Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]

^[3]

$ 0

$ 215,929

[1]	Credit Adjustment Spread (CAS) of 0.48%.
[2]	Credit Adjustment Spread (CAS) of 0.26%.
[3]	Outstanding under the ABN AMRO Credit Facility as of December 31, 2022, refinanced through the ING Credit Facility in January 2023. See Note 9 for further details.

Condensed Financial Information of DHT Holdings, Inc. (parent company only)

12 Months Ended

Dec. 31, 2023

Condensed Financial Information of DHT Holdings, Inc. (parent company only)

Note 17 – Condensed Financial Information of DHT Holdings, Inc. (parent company only)

SEC Rule 5-04 requires DHT to disclose condensed financial statements of the parent company when the restricted net assets of consolidated subsidiaries exceed 25% of consolidated net assets as of the end of the most recently completed fiscal year as prescribed in SEC Rule 12-04 Condensed Financial Information of Registrant. For purposes of the test, restricted net assets of consolidated subsidiaries shall mean that amount of the registrant’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations), which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party (i.e., lender, regulatory agency, foreign government, etc.).

The restricted net assets of consolidated subsidiaries exceeded 25% of the consolidated net assets of the parent company as of December 31, 2023, 2022 and 2021. The restricted assets mainly relate to assets restricted by covenants in our secured credit agreements entered into by the vessel-owning subsidiaries.

Condensed Statement of Financial Position

	December 31,			December 31,
(Dollars in thousands)	2023			2022
ASSETS
Current assets
Cash and cash equivalents	$	8,912		$	29,601
Accounts receivable and prepaid expenses		644			749
Amounts due from related parties		49,368			89,980
Total current assets	$	58,924		$	120,330

Investments in subsidiaries	$	722,671		$	375,683
Loan to subsidiaries		-			377,131
Total non-current assets	$	722,671		$	752,814

Total assets	$	781,595		$	873,144

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses	$	1,059		$	201
Total current liabilities	$	1,059		$	201

Stockholders’ equity
Stock	$	1,610		$	1,627
Paid-in additional capital		1,180,315			1,196,239
Accumulated deficit		(401,389	)		(324,923	)
Total stockholders’ equity	$	780,536		$	872,943

Total liabilities and stockholders’ equity	$	781,595		$	873,144

Condensed Income Statement

	Year ended			Year ended			Year ended
	December 31,			December 31,			December 31,
(Dollars in thousands)	2023			2022			2021

Revenues	$	-		$	-		$	980
Impairment charge		(699	)		(1,234	)		(35,149	)
Dividend income		119,514			77,820			70,746
General and administrative expense		(17,651	)		(17,704	)		(17,742	)
Operating income/(loss)	$	101,164		$	58,881		$	18,835

Interest income	$	9,114		$	18,823		$	17,233
Other financial (expense)/income		(72	)		(141	)		26
Profit/(loss) for the year	$	110,206		$	77,563		$	36,095

Condensed Statement of Comprehensive Income

	Year ended		Year ended		Year ended
	December 31,		December 31,		December 31,
(Dollars in thousands)	2023		2022		2021
Profit/(loss) for the year	$	110,206	$	77,563	$	36,095
Total comprehensive income/(loss) for the period	$	110,206	$	77,563	$	36,095
Attributable to the owners	$	110,206	$	77,563	$	36,095

In the condensed financial statements of the parent company, the parent company’s investments in subsidiaries were recorded at cost less any impairment. An assessment for impairment was performed when there was an indication that the investment had been impaired or the impairment losses recognized in prior years no longer existed.

Condensed Statement of Cash Flow

	Year ended			Year ended			Year ended
	December 31,			December 31,			December 31,
(Dollars in thousands)	2023			2022			2021

Cash flows from operating activities
Profit/(loss) for the year	$	110,206		$	77,563		$	36,095
Items included in net income not affecting cash flows:
Impairment charge		699			1,234			35,149
Compensation related to options and restricted stock		2,168			3,013			3,203
Changes in operating assets and liabilities:
Accounts receivable and prepaid expenses		105			(675	)		1,604
Accounts payable and accrued expenses		858			(246	)		277
Amounts due to related parties		10,574			(69,740	)		(6,834	)
Net cash provided by/(used in) operating activities	$	124,611		$	11,150		$	69,494

Cash flows from investing activities
Investments in subsidiaries	$	-		$	(395	)	$	-
Loan to subsidiaries	$	60,180		$	47,744		$	(5,004	)
Net cash provided by/(used in) investing activities	$	60,180		$	47,349		$	(5,004	)

Cash flows from financing activities
Cash dividends paid	$	(186,672	)	$	(19,679	)	$	(22,083	)
Purchase of treasury shares		(18,808	)		(24,758	)		(32,178	)
Net cash used in financing activities	$	(205,480	)	$	(44,436	)	$	(54,261	)

Net increase/(decrease) in cash and cash equivalents	$	(20,689	)	$	14,062		$	10,229
Cash and cash equivalents at beginning of period		29,601			15,539			5,310
Cash and cash equivalents at end of period	$	8,912		$	29,601		$	15,539

The condensed financial information of the parent company has been prepared using the same accounting policies as set out in the accompanying consolidated financial statements except that the cost method has been used to account for investments in its subsidiaries.

A reconciliation of the profit/(loss) and equity of the parent company only between cost method of accounting and equity method of accounting for investments in its subsidiaries are as follows:

Profit/(loss) reconciliation

	Year ended		Year ended			Year ended
	December 31,		December 31,			December 31,
(Dollars in thousands)	2023		2022			2021

Profit/(loss) of the parent company only under cost method of accounting	$	110,206	$	77,563		$	36,095
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting		50,716		(16,107	)		(47,776	)
Profit/(loss) of the parent company only under equity method of accounting	$	160,922	$	61,456		$	(11,681	)

Equity reconciliation

	December 31,		December 31,		December 31,
(Dollars in thousands)	2023		2022		2021

Equity of the parent company only under cost method of accounting	$	780,536	$	872,943	$	836,097
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting		345,217		294,501		310,608
Equity of the parent company only under equity method of accounting	$	1,125,753	$	1,167,444	$	1,146,706

Dividends from subsidiaries are recognized when they are authorized. During the year ended December 31, 2023, the parent company recorded dividend income from its subsidiaries of $117,171 thousand. During the year ended December 31, 2022, the parent company recorded dividend income from its subsidiaries of $72,700 thousand. During the year ended December 31, 2021, the parent company recorded dividend income from its subsidiaries of $69,500 thousand.

During the year ended December 31, 2023, the parent company was a guarantor for all of its credit facilities. Please refer to Notes 8 and 9 for a listing and summary of the credit facilities.

Investment in associate company and business combination, Assets Acquired and Liabilities Assumed (Details) - Goodwood [Member] $ in Thousands	May 31, 2022 USD ($)
ASSETS [Abstract]
Current assets	$ 9,912
Non-current assets	2,522
Total assets	12,433
LIABILITIES [Abstract]
Current liabilities	(570)
Non-current liabilities	(2,342)
Total liabilities	(2,912)
TOTAL IDENTIFIABLE NET ASSETS AT FAIR VALUE	9,521
Previously held equity interest measured at fair value	(6,030)
Non-controlling interest measured at fair value	(4,453)
Goodwill arising on acquisition	1,356
PURCHASE CONSIDERATION TRANSFERRED	$ 394

Stockholders' equity and dividend payment, Stockholders' Equity (Details)	12 Months Ended
	Dec. 31, 2023 Vote $ / shares shares	Dec. 31, 2022 shares
Common Stock [Abstract]
Number of vote per common stock \| Vote	1
Common Stock [Member]
Stockholders' Equity [Abstract]
Issued, Beginning balance (in shares)	162,653,339	166,126,770
Restricted stock issued (in shares)	556,130	852,948
Retirement of treasury shares (in shares)	(2,209,927)	(4,326,379)
Issued, Ending balance (in shares)	160,999,542	162,653,339
Par value (in dollars per share) \| $ / shares	$ 0.01
Number of shares authorized for issue (in shares)	250,000,000
Preference Stock [Member]
Stockholders' Equity [Abstract]
Par value (in dollars per share) \| $ / shares	$ 0.01

General information	12 Months Ended
General information	Dec. 31, 2023
General information [Abstract]
General information	Note 1 – General information DHT Holdings, Inc. (“DHT” or the “the parent company”) is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company’s principal executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The Company has 31 subsidiaries, of which 27 are wholly owned. Of the wholly owned subsidiaries, 17 are Marshall Island companies, seven are Cayman Islands companies, two are Singaporean companies and one is a Norwegian company. 17 Marshall Islands subsidiaries and seven Cayman Islands subsidiaries are vessel-owning companies (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 a Monegasque company, in which the Company has a 99% ownership interest, a Singaporean company, in which the Company has a 53% ownership interest and its 100% subsidiaries, a Singaporean company and an Indian company, in each of which the Company indirectly has a 53% ownership interest. Our principal activity is the ownership and operation of a fleet of crude oil carriers. As of December 31, 2023 our fleet consisted of 24 very large crude carriers, or “VLCCs,” which are tankers ranging in size from 270,000 to 320,000 deadweight tons, or “dwt.” Our fleet principally operates on international routes and has a combined carrying capacity of 7,479,177 dwt. With regards to amounts in the financial statements, these are shown in USD thousands.

Earnings per share ("EPS") (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Components of calculation of basic EPS and diluted EPS [Abstract]

Profit/(loss) for the period used for calculation of EPS - basic

$ 161,353

$ 61,520

$ (11,521)

Profit/(loss) for the period used for calculation of EPS - dilutive

$ 161,353

$ 61,520

$ (11,521)

Basic earnings per share [Abstract]

Weighted average number of shares - basic (in shares)

162,178,499

164,692,954

169,089,325

Diluted earnings per share [Abstract]

Weighted average shares outstanding - basic (in shares)

162,178,499

164,692,954

169,089,325

Dilutive equity awards (in shares)

^[1]

178,236

157,137

Weighted average shares outstanding - dilutive (in shares)

162,356,735

164,850,091

169,089,325

Antidilutive securities excluded from calculation of diluted weighted average number of shares outstanding (in shares)

77,546

[1]	In 2023, 2022 and 2021, equity awards of nil, nil and 77,546, respectively, were excluded from the calculation of the dilutive weighted average shares outstanding due to being antidilutive.

Investment in associate company and business combination, Investment in Associate (Details) - USD ($) $ in Thousands	5 Months Ended	12 Months Ended
	May 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Details of Associates [Abstract]
Investment in associate company		$ 0	$ 0
Share of Profit of Associate Using in Equity Method [Abstract]
Profit after taxation		0	1,327	$ 1,278
Other comprehensive income for the year, net of tax		0	(66)	(74)
Total comprehensive income for the year		$ 0	$ 1,261	$ 1,204
Goodwood [Member]
Details of Associates [Abstract]
Ownership interest percentage	50.00%			50.00%
Additional percentage of equity interest acquired	3.00%
Ownership interest	53.00%

Financial risk management, objectives and policies, Credit Agricole Credit Facility (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) Installment	Dec. 31, 2022 USD ($)	Nov. 30, 2022 USD ($)
Credit Facility [Abstract]
Borrowing amount	$ 428,726	$ 396,696
Credit Agricole Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount	$ 34,097	$ 36,381	$ 37,500
Number of installments for repaying debt \| Installment	24
Frequency of periodic repayment	quarterly
Debt repayment installment amount	$ 600
Credit facility covenant, required adjusted tangible net worth	$ 300,000
Credit Agricole Credit Facility [Member] \| Bottom of Range [Member]
Credit Facility [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings	135.00%
Credit facility covenant, required percentage of adjusted tangible net worth to total assets	25.00%
Credit facility covenant, required unencumbered consolidated cash	$ 30,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt	6.00%
Credit Agricole Credit Facility [Member] \| SOFR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis	2.05%		2.05%
Credit Agricole Credit Facility [Member] \| December 2028 [Member]
Credit Facility [Abstract]
Debt repayment final amount	$ 22,500

Pensions (Details) $ in Thousands	12 Months Ended
Pensions (Details) $ in Thousands	Dec. 31, 2023 USD ($) Participant	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Pensions [Abstract]
Number of participants in benefit plan \| Participant	14
Defined Benefit Pension Plan [Abstract]
Minimum age to be entitled to 70% of base salary at retirement date	67 years
Percentage of base salary entitled at retirement date	70.00%
Net liability for defined benefit pension	$ 900	$ 695	$ 662
Expected contribution towards pension plan in 2024	295
Contribution to defined benefit pension plan	$ 661	$ 333	$ 368

Financial risk management, objectives and policies, Credit Risk (Details)
$ in Thousands

12 Months Ended

Dec. 31, 2023

USD ($)

Vessel

Customer

Counterparty

Dec. 31, 2022

USD ($)

Vessel

Customer

Counterparty

Dec. 31, 2021

Vessel

Customer

Counterparty

Number of vessels chartered with counterparties | Vessel

Number of vessels | Vessel

Number of counterparties | Counterparty

Number of vessels operated in spot market | Vessel

Number of major customers | Customer

Disclosure of maximum credit exposure [Abstract]

^[1]

$ 75,848

$ 59,465

74,738

125,948

75,848

59,465

Maximum credit exposure

150,586

$ 185,412

Customer One [Member]

13,757

Customer Two [Member]

11,963

Customer Three [Member]

7,311

Customer Four [Member]

6,235

Customer Five [Member]

Earnings per share ("EPS") [Abstract]

$ 6,023

[1]	Amounts carried at amortized cost.

Earnings per share ("EPS")

12 Months Ended

Dec. 31, 2023

Earnings per share ("EPS")

Note 5 – Earnings per share (“EPS”)

The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period. The computation of diluted earnings per share assumes the exercise of all dilutive restricted shares using the treasury stock method.

The components of the calculation of basic EPS and diluted EPS are as follows:

(Dollars in thousands)	2023		2022		2021
Profit/(loss) for the period used for calculation of EPS - basic	$	161,353	$	61,520	$	(11,521	)
Profit/(loss) for the period used for calculation of EPS - dilutive	$	161,353	$	61,520	$	(11,521	)

Basic earnings per share:
Weighted average shares outstanding - basic		162,178,499		164,692,954		169,089,325

Diluted earnings per share:
Weighted average shares outstanding - basic		162,178,499		164,692,954		169,089,325
Dilutive equity awards ¹		178,236		157,137		-
Weighted average shares outstanding - dilutive		162,356,735		164,850,091		169,089,325

¹	In 2023, 2022 and 2021, equity awards of nil, nil and 77,546, respectively, were excluded from the calculation of the dilutive weighted average shares outstanding due to being antidilutive.

Tax (Tables)

12 Months Ended

Dec. 31, 2023

Tax [Abstract]

Specification of Income Tax

Specification of income tax

(Dollars in thousands)	2023		2022			2021
Income tax payable	$	532	$	592		$	378
Tax expenses related to previous year		47		(4	)		(27	)
Change in deferred tax		70		(1	)		9
Total income tax expense	$	649	$	587		$	360

Specification of Temporary Differences and Deferred Tax

Specification of temporary differences and deferred tax

	December 31,			December 31,			December 31,
(Dollars in thousands)	2023			2022			2021
Property, plant and equipment	$	294		$	468		$	(11	)
Pensions		(900	)		(695	)		(662	)
Total basis for deferred tax	$	(606	)	$	(227	)	$	(674	)
Deferred tax liability(asset), net ¹	$	(176	)	$	(113	)	$	(152	)
Deferred tax (asset), gross ²		(212	)		(168	)		(166	)
Deferred tax liability, gross ²		36			55			14

¹	Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position.

²	Deferred tax liability related to one of the indirect subsidiaries in Singapore cannot be off-set with the deferred tax assets related to the subsidiary in Norway or one of the direct subsidiaries in Singapore.

Reconciliation of Income Tax Expense

Reconciliation of income tax expense

(Dollars in thousands)	2023		2022		2021
Profit/(loss) before income tax	$	162,046	$	62,567	$	(11,147	)
Expected income tax assessed at the tax rate for the Parent company (0%)		-		-		-
Adjusted for tax effect of the following items:
Income in subsidiary, subject to income tax		649		587		360
Total income tax expense	$	649	$	587	$	360

Financial risk management, objectives and policies (Tables)

12 Months Ended

Dec. 31, 2023

Financial risk management, objectives and policies [Abstract]

Maximum Credit Exposure

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting dates was:

(Dollars in thousands)	2023		2022
Cash and cash equivalents	$	74,738	$	125,948
Accounts receivable and accrued revenues		75,848		59,465
Maximum credit exposure	$	150,586	$	185,412

Contractual Maturities of Financial Liabilities

The following are contractual maturities of financial liabilities, including estimated interest payments on an undiscounted basis. The SOFR interest spot rate at December 31, 2023 (and spot rate at December 31, 2022 for comparatives) is used as a basis for preparation.

As of December 31, 2023
			2 to 5		More than
(Dollars in thousands)	1 year		years		5 years		Total
Interest bearing loans	$	65,665	$	346,283	$	143,919	$	555,867
Total	$	65,665	$	346,283	$	143,919	$	555,867

As of December 31, 2022
				2 to 5		More than
(Dollars in thousands)	1 year			years		5 years		Total
Interest bearing loans	$	59,707		$	384,591	$	26,464	$	470,761
Interest rate swaps		(3,300	)		-		-		(3,300	)
Total	$	56,407		$	384,591	$	26,464	$	467,462

Vessels, subsidiaries and other property, plant and equipment, Vessels (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Reconciliation of changes in property, plant and equipment [abstract]

Reconciliation of changes in property, plant and equipment [abstract]

$ 1,283,710

$ 1,261,998

Cost [Member]

1,933,258

2,092,917

^[1]

94,743

33,917

8,690

(9,040)

(168,435)

Cost [Member] | Increase (Decrease) Due to Corrections of Prior Period Errors [Member]

2,052,878

1,933,258

Reconciliation of changes in property, plant and equipment [abstract]

Accumulated Depreciation and Impairment [Member]

(72,687)

Reconciliation of changes in property, plant and equipment [abstract]

(671,260)

(625,071)

^[1]

(106,948)

(121,738)

9,040

75,549

Accumulated Depreciation and Impairment [Member] | Increase (Decrease) Due to Corrections of Prior Period Errors [Member]

(769,168)

(671,260)

Reconciliation of changes in property, plant and equipment [abstract]

Advances for Vessel Upgrades [Member]

72,687

Reconciliation of changes in property, plant and equipment [abstract]

4,583

372

29,345

12,900

(33,917)

(8,690)

Reconciliation of changes in property, plant and equipment [abstract]

4,583

Vessels [Member]

Depreciation and amortisation expense [abstract]

$ 1,239,435

1,232,380

Estimated useful life of assets

20 years

Vessels [Member] | Cost [Member]

Reconciliation of changes in property, plant and equipment [abstract]

$ 1,834,769

1,979,237

^[1]

94,743

1,467

(146,031)

Vessels [Member] | Accumulated Depreciation and Impairment [Member]

1,929,513

1,834,769

Reconciliation of changes in property, plant and equipment [abstract]

(602,390)

(573,817)

^[1]

(87,688)

(89,615)

61,042

Vessels [Member] | Advances for Vessel Upgrades [Member]

(690,077)

(602,390)

Reconciliation of changes in property, plant and equipment [abstract]

232

1,235

(1,467)

Reconciliation of changes in property, plant and equipment [abstract]

Drydock [Member]

Drydock [Member] | Cost [Member]

26,201

25,826

Reconciliation of changes in property, plant and equipment [abstract]

46,617

54,368

^[1]

(12)

11,159

7,223

(9,040)

(14,961)

Drydock [Member] | Accumulated Depreciation and Impairment [Member]

48,736

46,617

Reconciliation of changes in property, plant and equipment [abstract]

(20,792)

(17,766)

^[1]

(10,784)

(11,412)

9,040

8,387

Drydock [Member] | Advances for Vessel Upgrades [Member]

(22,535)

(20,792)

Reconciliation of changes in property, plant and equipment [abstract]

2,807

140

8,362

9,890

(11,159)

(7,223)

Reconciliation of changes in property, plant and equipment [abstract]

2,807

EGCS [Member]

Depreciation and amortisation expense [abstract]

^[2]

$ 18,074

3,793

Estimated useful life of assets

3 years

EGCS [Member] | Cost [Member]

Reconciliation of changes in property, plant and equipment [abstract]

^[2]

$ 51,871

59,311

^[1]

^[2]

^[2]

22,758

^[2]

(7,443)

EGCS [Member] | Accumulated Depreciation and Impairment [Member]

^[2]

74,630

51,871

Reconciliation of changes in property, plant and equipment [abstract]

^[2]

(48,079)

(33,488)

^[1]

^[2]

(8,477)

(20,710)

^[2]

6,119

EGCS [Member] | Advances for Vessel Upgrades [Member]

^[2]

(56,556)

(48,079)

Reconciliation of changes in property, plant and equipment [abstract]

^[2]

1,776

^[2]

20,983

1,776

^[2]

(22,758)

Vessel Operating Expenses

^[2]

$ 0

$ 1,776

[1]	Correction of $72,687 thousand to reflect accurate historic cost and accumulated depreciation for remaining vessels. This correction of historical amounts has no impact on impairment, depreciation, net book value or any other income statements, cash flows or statements of financial position amounts in any of the periods presented.
[2]	Exhaust Gas Cleaning Systems (“EGCS”).

Operating expenses (Tables)

12 Months Ended

Dec. 31, 2023

Operating expense [Abstract]

Voyage Expenses

Voyage expenses

(Dollars in thousands)	2023		2022		2021
Bunkers	$	133,332	$	154,182	$	72,925
Other voyage related expenses		32,335		31,320		19,480
Total voyage expenses	$	165,667	$	185,502	$	92,405

Vessel operating expenses

(Dollars in thousands)	2023		2022		2021
Operating expenses	$	68,554	$	67,846	$	71,609
Insurance		6,875		5,963		6,198
Total vessel operating expenses	$	75,429	$	73,809	$	77,807

General and Administrative Expenses

General and administrative expenses

(Dollars in thousands)	2023		2022		2021
Total compensation to employees and Directors	$	11,652	$	11,763	$	11,890
Office and administrative expenses		3,940		3,818		3,351
Audit, legal and consultancy		1,856		1,308		1,325
Total general and administrative expenses	$	17,448	$	16,889	$	16,565

Stock Compensation Series

Stock compensation series

	Number of	Vesting	Fair value
	shares/ options	Period	at grant date
Granted January 2020, restricted shares	460,000	3 years	$	8.22
Granted January 2020, restricted shares	150,000	1 year		8.22
Granted January 2020, restricted shares	200,000	1 year		3.56
Granted January 2021, restricted shares	579,100	3 years		5.52
Granted January 2021, restricted shares	175,000	1 year		5.52
Granted January 2021, restricted shares	119,900	3 years		3.22
Granted January 2022, restricted shares	175,000	1 year		5.38
Granted January 2022, restricted shares	573,359	3 years		5.30
Granted January 2022, restricted shares	124,594	3 years		4.29
Granted January 2023, restricted shares	251,250	3 years		8.25
Granted January 2023, restricted shares	48,750	3 years		6.72
Granted January 2023, restricted shares	135,000	1 year	$	8.25

Reconciliation of Outstanding Restricted Common Stock

The following reconciles the number of outstanding restricted common stock:

	Restricted common stock
Outstanding at December 31, 2020		819,998
Granted		874,000
Exercised¹		733,133
Forfeited		-
Outstanding at December 31, 2021		960,865

Outstanding at December 31, 2021		960,865
Granted		872,953
Exercised¹		800,723
Forfeited		199,400
Outstanding at December 31, 2022		833,695

Outstanding at December 31, 2022		833,695
Granted		435,000
Exercised¹		503,688
Forfeited		57,431
Outstanding at December 31, 2023		707,576

¹ Does not include shares in lieu of dividends

Stock Compensation Expenses

Stock compensation expenses

(Dollars in thousands)	2023				2022				2021
Expense recognized from stock compensation		$	3,313			$	4,211			$	4,371

Remuneration of Executives and Directors

Remuneration of Directors and Executives as a group:

(Dollars in thousands)	2023		2022		2021
Cash compensation	$	2,425	$	2,648	$	5,050
Pension cost		125		165		219
Share compensation ¹		2,504		3,316		3,508
Total remuneration	$	5,054	$	6,129	$	8,776

¹ Share compensation reflects the expense recognized.

Shares held by Executives and Directors

Shares held by Directors and Executives

	2023				2022				2021
Executives and Directors as a group ¹			2,143,973				1,908,331				2,958,894

¹ Includes 498,818 (2022: 595,832, 2021: 725,665) shares of restricted stock subject to vesting conditions.

Prepaid Expenses

Prepaid expenses

(Dollars in thousands)	2023		2022
Prepaid voyage expenses	$	4,006	$	5,678
Prepaid vessel operating expenses		6,676		2,216
Other		2,875		2,655
Total prepaid expenses	$	13,557	$	10,550

Operating expenses

12 Months Ended

Dec. 31, 2023

Operating expense [Abstract]

Operating expenses

Note 11 – Operating expenses

Voyage expenses

(Dollars in thousands)	2023		2022		2021
Bunkers	$	133,332	$	154,182	$	72,925
Other voyage related expenses		32,335		31,320		19,480
Total voyage expenses	$	165,667	$	185,502	$	92,405

Voyage expenses relate to bunkers consumption and other voyage related expenses, such as broker commissions and port costs. Voyage expenses for time charter contracts are paid by the charterer, whereas voyage expenses for vessels operating in the spot market are paid by the Company. In 2023, the Company had a reduction in voyage expenses compared to 2022, and the decrease was mainly due to lower bunker prices in 2023. In 2022, the Company had more vessels operating in the spot market than in 2021, thereby driving an increase in voyage expenses.

Vessel operating expenses

(Dollars in thousands)	2023		2022		2021
Operating expenses	$	68,554	$	67,846	$	71,609
Insurance		6,875		5,963		6,198
Total vessel operating expenses	$	75,429	$	73,809	$	77,807

Vessel operating expenses relate to crewing, maintenance, stores and spares and other technical costs to operate our vessels.

General and administrative expenses

(Dollars in thousands)	2023		2022		2021
Total compensation to employees and Directors	$	11,652	$	11,763	$	11,890
Office and administrative expenses		3,940		3,818		3,351
Audit, legal and consultancy		1,856		1,308		1,325
Total general and administrative expenses	$	17,448	$	16,889	$	16,565

Stock compensation

The Company currently maintains the 2022 Incentive Compensation Plan (the “2022 Plan”) for the benefit of directors and senior management. Different awards may be granted under the 2022 Plan, including stock options, restricted shares/restricted stock units and cash incentive awards.

Restricted shares

Restricted shares can neither be transferred nor assigned by the participant.

Vesting conditions

Awards issued vest subject to continued employment or office, except in the event that a member of the board of directors ceases service on the board of directors prior to the applicable vesting date for any reason, in which case his or her restricted stock would immediately vest in full. The awards have graded vesting. For some of the awards there is an additional vesting condition requiring certain market conditions to be met.

The 2022 Plan may allow for different criteria for new grants.

Stock compensation series

	Number of	Vesting	Fair value
	shares/ options	Period	at grant date
Granted January 2020, restricted shares	460,000	3 years	$	8.22
Granted January 2020, restricted shares	150,000	1 year		8.22
Granted January 2020, restricted shares	200,000	1 year		3.56
Granted January 2021, restricted shares	579,100	3 years		5.52
Granted January 2021, restricted shares	175,000	1 year		5.52
Granted January 2021, restricted shares	119,900	3 years		3.22
Granted January 2022, restricted shares	175,000	1 year		5.38
Granted January 2022, restricted shares	573,359	3 years		5.30
Granted January 2022, restricted shares	124,594	3 years		4.29
Granted January 2023, restricted shares	251,250	3 years		8.25
Granted January 2023, restricted shares	48,750	3 years		6.72
Granted January 2023, restricted shares	135,000	1 year	$	8.25

The following reconciles the number of outstanding restricted common stock:

	Restricted common stock
Outstanding at December 31, 2020		819,998
Granted		874,000
Exercised¹		733,133
Forfeited		-
Outstanding at December 31, 2021		960,865

Outstanding at December 31, 2021		960,865
Granted		872,953
Exercised¹		800,723
Forfeited		199,400
Outstanding at December 31, 2022		833,695

Outstanding at December 31, 2022		833,695
Granted		435,000
Exercised¹		503,688
Forfeited		57,431
Outstanding at December 31, 2023		707,576

¹ Does not include shares in lieu of dividends

Stock compensation expenses

(Dollars in thousands)	2023				2022				2021
Expense recognized from stock compensation		$	3,313			$	4,211			$	4,371

The fair value on the vesting date for shares that vested in 2023 was $8.25 for 24,163 shares, $8.22 for 123,444 shares, $5.52 for 107,733 shares, $5.38 for 198,745 shares and $5.30 for 102,045 shares. The fair value on the vesting date for shares that vested in 2022 was $8.22 for 122,057 shares, $5.52 for 388,412 shares, $5.30 for 175,048 shares and $4.25 for 167,431 shares. The fair value on the vesting date for shares that vested in 2021 was $8.22 for 435,960 shares, $4.25 for 163,764 shares, $5.52 for 120,986 shares and $3.22 for 120,986 shares. All share-based compensation is equity-settled and no payments were made for the vested shares. The average contractual life for the outstanding stock compensation series was 1.08 years as of December 31, 2023.

Valuation of stock compensation

The fair value at grant date for the shares subject to market conditions is independently determined using a Monte Carlo simulation model that takes into account the grant date, the share price at grant date, the risk-free interest rate, the expected volatility, the expected dividends and the correlation coefficients. The expected price volatility is based on the historic volatility (based on the daily share price logarithmic returns for the contractual life of the restricted stock) adjusted for any expected changes to future volatility due to publicly available information.

In January 2023, a total of 300,000 shares of restricted stock were awarded to management for the year 2022. Of these shares 67,500 shares vested in January 2024, 67,500 shares will vest in January 2025 and 67,500 shares will vest in January 2026, subject to continued employment or office, as applicable, and 32,500 shares are forfeited, The fair value at grant date was equal to the share price at grant date. The remaining 65,000 shares will vest subject to certain market conditions prior to December 2025, and the calculated fair value was $8.25 per share for 32,500 shares and $6.72 per share for 32,500 shares. In January 2022, a total of 697,953 shares of restricted stock were awarded to management for the year 2021. Of these shares, 174,394 shares vested in March 2022, 99,788 shares vested in January 2023, 99,788 shares vested in January 2024, 99,789 shares will vest in January 2025, subject to continued employment or office, as applicable, and 199,263 shares are forfeited. The fair value at grant date was equal to the share price at grant date. The remaining 24,931 shares will vest subject to certain market conditions prior to December 2024 and the calculated fair value was $4.29 per share.

In January 2023, a total of 135,000 shares of restricted stock were awarded to the board of directors for the year 2022. The fair value at grant date was equal to the share price at grant date, and 22,500 shares vested in June 2023, while the rest of the shares will vest in June 2024. In January 2022, a total of 175,000 shares of restricted stock were awarded to the board of directors in for the year 2021. The fair value at grant date was equal to the share price at grant date and the shares vested in June 2023.

Compensation of Directors and Executives

Remuneration of Directors and Executives as a group:

(Dollars in thousands)	2023		2022		2021
Cash compensation	$	2,425	$	2,648	$	5,050
Pension cost		125		165		219
Share compensation ¹		2,504		3,316		3,508
Total remuneration	$	5,054	$	6,129	$	8,776

¹ Share compensation reflects the expense recognized.

Shares held by Directors and Executives

	2023				2022				2021
Executives and Directors as a group ¹			2,143,973				1,908,331				2,958,894

¹ Includes 498,818 (2022: 595,832, 2021: 725,665) shares of restricted stock subject to vesting conditions.

In connection with termination of an Executive’s employment, the President & Chief Executive Officer may be entitled to an amount equal to 18 months’ base salary and the Chief Financial Officer may be entitled to an amount equal to 12 months’ base salary. In certain circumstances, any unvested equity awards may become fully vested.

Prepaid expenses

(Dollars in thousands)	2023		2022
Prepaid voyage expenses	$	4,006	$	5,678
Prepaid vessel operating expenses		6,676		2,216
Other		2,875		2,655
Total prepaid expenses	$	13,557	$	10,550

Financial risk management, objectives and policies, Nordea Credit Facility (Details) - USD ($)
$ in Thousands

1 Months Ended

3 Months Ended

12 Months Ended

Sep. 30, 2022

Aug. 31, 2022

Jun. 30, 2022

Jun. 30, 2021

Sep. 30, 2022

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Jun. 30, 2023

May 31, 2021

$ 428,726

$ 396,696

Gain on sale of vessels

19,513

$ 15,153

DHT Edelweiss [Member]

Old Nordea Credit Facility [Member]

$ 37,000

Repayments of borrowings

12,200

Gain on sale of vessels

$ 6,800

Nordea Credit Facility [Member]

Repayments of borrowings

$ 175,900

Amount subject to quarterly reductions through term of facility

$ 90,594

113,043

$ 316,200

60,000

Drawdown

$ 233,800

Maturity date

Jan. 31, 2027

Sale and cancelled RCF tranche

$ 2,400

Debt prepayment before installment term

$ 50,000

$ 23,100

Credit facility covenant, required adjusted tangible net worth

$ 300,000

Nordea Credit Facility [Member] | Bottom of Range [Member]

Credit facility covenant, required percentage of charter-free market value of vessels to borrowings

135.00%

Credit facility covenant, required percentage of adjusted tangible net worth to total assets

25.00%

Credit facility covenant, required unencumbered consolidated cash

$ 30,000

Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt

6.00%

Nordea Credit Facility [Member] | First Quarter of 2027 [Member]

Debt prepayment before installment term

$ 23,700

Debt repayment installment amount

5,900

Debt repayment final amount

40,900

Debt repayment last installment

5,200

Uncommitted accordion

$ 250,000

Nordea Credit Facility [Member] | LIBOR [Member]

Nordea Credit Facility [Member] | SOFR + CAS [Member]

1.90%

1.90%

^[1]

1.90%

Term Loan [Member]

Revolving Credit Facility [Member]

119,800

Balance (in shares) at Dec. 31, 2020

$ 196,400

[1]	Credit Adjustment Spread (CAS) of 0.26%.

Consolidated Statement of Changes in Stockholders' Equity - USD ($)
$ in Thousands

Total

Common Stock [Member]

Paid-in Additional Capital [Member]

Treasury Shares [Member]

Accumulated Deficit [Member]

Translation Differences [Member]

Other Reserves [Member]

Non-controlling Interest [Member]

Balance at Dec. 31, 2020

$ 1,108,940

$ 1,708

$ 1,291,505

$ 0

$ (188,709)

$ 169

$ 4,248

$ 19

170,798,328

Changes in equity

Other comprehensive income/(loss)

(11,507)

$ 0

(11,521)

(160)

(92)

(68)

Total comprehensive income/(loss) for the period net of tax

(11,667)

(11,613)

(68)

Cash dividends declared and paid

(22,083)

Purchase of treasury shares (in shares)

$ (32,178)

$ 0

(32,178)

(5,513,254)

Retirement of treasury shares

$ 0

$ (55)

(32,123)

32,178

Retirement of treasury shares (in shares)

(5,513,254)

4,347

$ 8

4,619

(280)

^[1]

841,696

Balance at Dec. 31, 2021

1,047,359

$ 1,661

1,264,000

(222,405)

101

3,968

Balance (in shares) at Dec. 31, 2021

166,126,770

Changes in equity

Other comprehensive income/(loss)

61,979

$ 0

61,520

459

(1)

(101)

Total comprehensive income/(loss) for the period net of tax

61,979

61,419

523

Cash dividends declared and paid

(19,679)

Purchase of treasury shares (in shares)

$ (24,758)

$ 0

(24,758)

(4,326,379)

Retirement of treasury shares

$ 0

$ (43)

(24,715)

24,758

Retirement of treasury shares (in shares)

(4,326,379)

4,452

$ 0

4,452

4,133

$ 9

4,469

(345)

^[1]

852,948

Balance at Dec. 31, 2022

1,073,486

$ 1,627

1,243,754

(180,664)

138

3,623

5,008

Balance (in shares) at Dec. 31, 2022

162,653,339

Changes in equity

Other comprehensive income/(loss)

161,397

$ 0

161,353

(380)

(494)

Total comprehensive income/(loss) for the period net of tax

161,017

160,859

Cash dividends declared and paid

(187,262)

(186,672)

(590)

Purchase of treasury shares (in shares)

$ (18,808)

$ 0

(18,808)

(2,209,927)

Retirement of treasury shares

$ 0

$ (22)

(18,786)

18,808

Retirement of treasury shares (in shares)

(2,209,927)

3,233

$ 6

3,285

(57)

^[1]

556,130

Balance at Dec. 31, 2023

$ 1,031,667

$ 1,610

$ 1,228,254

$ 0

$ (206,477)

$ 201

$ 3,566

$ 4,513

Balance (in shares) at Dec. 31, 2023

160,999,542

[1]	Other reserves are related to share-based payments.

Financial risk management, objectives and policies, Danish Ship Finance Credit Facility (Details)
$ in Thousands

1 Months Ended

12 Months Ended

Nov. 30, 2014

USD ($)

Carrier

Dec. 31, 2023

USD ($)

Oct. 31, 2023

Dec. 31, 2022

USD ($)

Apr. 30, 2020

USD ($)

Danish Ship Finance Credit Facility [Member]

$ 428,726

$ 396,696

Number of VLCCs whose acquisition is to be funded through credit facility | Carrier

$ 49,400

$ 28,982

$ 31,342

$ 36,400

Term

5 years

Maturity date

Nov. 30, 2025

Frequency of periodic repayment

semiannually

Debt repayment installment amount

$ 1,200

Debt repayment final amount

24,300

Credit facility covenant, required adjusted tangible net worth

$ 300,000

Danish Ship Finance Credit Facility [Member] | Bottom of Range [Member]

Credit facility covenant, required percentage of charter-free market value of vessels to borrowings

135.00%

Credit facility covenant, required percentage of adjusted tangible net worth to total assets

25.00%

Credit facility covenant, required unencumbered consolidated cash

$ 30,000

Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt

6.00%

Danish Ship Finance Credit Facility [Member] | LIBOR [Member]

Danish Ship Finance Credit Facility [Member] | SOFR + CAS [Member]

2.00%

Cash flows from operating activities [Abstract]

2.00%

^[1]

2.00%

[1]	Credit Adjustment Spread (CAS) of 0.48%.

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Condensed Statement of Cash Flow (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Items included in net income not affecting cash flows [Abstract]

$ 161,397

$ 61,979

$ (11,507)

3,233

4,133

4,347

Changes in operating assets and liabilities [Abstract]

Net cash provided by operating activities

(5,232)

5,573

1,510

251,411

127,906

60,562

Cash flows from investing activities [Abstract]

Net cash (used in)/provided by investing activities

(124,977)

110,518

(86,512)

Cash flows from financing activities [Abstract]

Cash dividends paid

(186,672)

(19,679)

(22,083)

Net cash (used in)/provided by financing activities

(18,808)

(24,758)

(32,178)

(177,763)

(173,343)

17,967

Net (decrease)/increase in cash and cash equivalents

(51,329)

65,081

(7,983)

Cash and cash equivalents at beginning of period

125,948

^[1],[2]

60,658

68,641

Cash and cash equivalents at end of period

74,738

^[1],[2]

125,948

^[1],[2]

60,658

Parent Company [Member]

Cash flows from operating activities [Abstract]

Items included in net income not affecting cash flows [Abstract]

110,206

77,563

36,095

Impairment charge

699

1,234

35,149

2,168

3,013

3,203

Changes in operating assets and liabilities [Abstract]

Accounts receivable and prepaid expenses

105

(675)

1,604

Amounts due to related parties

858

(246)

277

10,574

(69,740)

(6,834)

Net cash provided by operating activities

124,611

11,150

69,494

Cash flows from investing activities [Abstract]

Investments in subsidiaries

(395)

Loan to subsidiaries

60,180

47,744

(5,004)

Net cash (used in)/provided by investing activities

60,180

47,349

(5,004)

Cash flows from financing activities [Abstract]

Cash dividends paid

(186,672)

(19,679)

(22,083)

Net cash (used in)/provided by financing activities

(18,808)

(24,758)

(32,178)

(205,480)

(44,436)

(54,261)

Net (decrease)/increase in cash and cash equivalents

(20,689)

14,062

10,229

Cash and cash equivalents at beginning of period

29,601

15,539

5,310

Cash and cash equivalents at end of period

$ 8,912

$ 29,601

$ 15,539

[1]	Cash and cash equivalents include $370 thousand in restricted cash in 2023 and $316 thousand in restricted cash in 2022, including employee withholding tax.
[2]	Amounts carried at amortized cost.

Charter arrangements, Future Charter Payments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Charter arrangements [Abstract]
2024		$ 62,952
2025		39,721
2026		26,552
2027		17,847
Thereafter		0
Net charter payments	$ 79,942	147,072	$ 95,873	$ 79,942
Other income [Abstract]
Other income		$ 0	$ 0	$ 4,612
Distribution of equity received	$ 4,612

Financial instruments (Tables)

12 Months Ended

Dec. 31, 2023

Financial instruments [Abstract]

Categories of Financial Instruments

Categories of financial instruments

(Dollars in thousands)	Carrying amount
Financial assets	2023		2022
Cash and cash equivalents ^{1, 3}	$	74,738	$	125,948
Accounts receivable and accrued revenues ¹		75,848		59,465
Derivative financial assets, current ²		-		3,759
Total financial assets	$	150,586	$	189,172

Financial liabilities
Accounts payables and accrued expenses ¹	$	20,493	$	29,398
Current portion long term debt ¹		30,300		29,626
Long term debt ¹		398,425		367,069
Total financial liabilities	$	449,219	$	426,094

¹	Amounts carried at amortized cost.

²	Amounts carried at fair value through profit or loss.

³	Cash and cash equivalents include $370 thousand in restricted cash in 2023 and $316 thousand in restricted cash in 2022, including employee withholding tax.

Derivatives Interest Rate Swaps

Derivatives – interest rate swaps

		Notional amount				Fair value - Financial asset
(Dollars in thousands)	Expires	2023		2022		2023		2022
Swap pays 2.987%, receive floating	Apr. 20, 2023	$	-	$	37,200	$	-	$	202
Swap pays 3.012%, receive floating	Apr. 20, 2023		-		37,200		-		200
Swap pays 3.019%, receive floating	Sept. 29, 2023		-		25,609		-		365
Swap pays 3.019%, receive floating	Sept. 29, 2023		-		24,695		-		351
Swap pays 2.8665%, receive floating	Sep. 29, 2023		-		41,120		-		629
Swap pays 2.8785%, receive floating	Jun. 30, 2023		-		35,539		-		357
Swap pays 2.885%, receive floating	Sept. 29, 2023		-		40,478		-		623
Swap pays 2.897%, receive floating	Sept. 30, 2023		-		35,717		-		544
Swap pays 3.020%, receive floating	Sept. 29, 2023		-		34,033		-		488
Total carrying amount		$	-	$	311,590	$	-	$	3,759

Interest Bearing Debt

Interest-bearing debt

			Remaining		Carrying amount
(Dollars in thousands)	Interest	Maturity	notional		2023		2022
Credit Agricole Credit Facility	SOFR + 2.05%	2028	$	35,000	$	34,097	$	36,381
Danish Ship Finance Credit Facility	SOFR + CAS¹ + 2.00%	2025		29,120		28,982		31,342
Nordea Credit Facility	SOFR + CAS² + 1.90%	2027		93,521		90,594		113,043
ING Credit Facility	SOFR + 1.90%	2029		235,150		231,258		-
ING Credit Facility	SOFR + 1.80%	2029		44,250		43,794		-
ABN AMRO Credit Facility³				-		-		215,929
Total carrying amount			$	437,041	$	428,726	$	396,696

Reconciliation of Liabilities Arising from Financing Activities

The table below details changes in liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Company’s consolidated statement of cash flows as cash flows from financing activities.

						Non-cash changes

	As of January 1, 2023		Financing cash flows ¹			Amortization		Other changes ²			As of December 31, 2023
Bank loans ³	$	396,696	$	29,731		$	2,972	$	(673	)	$	428,726
Office leases ⁴		3,938		(1,424	)		-		3,334			5,849
Total ⁵	$	400,634	$	28,307		$	2,972	$	2,661		$	434,574

						Non-cash changes

	As of January 1, 2022		Financing cash flows ¹			Amortization		Other changes ²			As of December 31, 2022
Bank loans ³	$	522,299	$	(127,816	)	$	2,902	$	(688	)	$	396,696
Office leases ⁴		3,285		(1,090	)		-		1,743			3,938
Total ⁵	$	525,584	$	(128,906	)	$	2,902	$	1,054		$	400,634

¹	The cash flows from bank loans make up the net amount of issuance of long-term debt and repayment of long-term debt in the statement of cash flows.

Other changes related to bank loans for the years 2023 and 2022 represent gains on modification of debt which includes previously capitalized fees. Other changes related to office leases for 2023 represent lease modification and foreign exchange effects during the year related to IFRS 16 Leases. Other changes related to office leases for 2022 represent lease liabilities assumed through the business combination (for more details see Note 16), lease modification, and foreign exchange effects during the year related to IFRS 16.

³	As of December 31, 2023, bank loans consist of current portion long-term debt of $30,300 thousand and long-term debt of $398,425 thousand. As of December 31, 2022, bank loans consist of current portion long-term debt of $29,626 thousand and long-term debt of $367,069 thousand.

⁴

As of December 31, 2023, office leases consist of $1,418 thousand of current liabilities and $4,431 thousand of non-current liabilities. As of December 31, 2022, office leases consist of $1,178 thousand of current liabilities and $2,760 thousand of non-current liabilities. The remaining balance of non-current liabilities consists of pensions, deferred tax liability, and restoration cost related to office rental.

⁵	The reconciliation does not include interest rate swaps, which are described in Note 8.

Vessels, subsidiaries and other property, plant and equipment (Tables)

12 Months Ended

Dec. 31, 2023

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 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. In addition, 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

Other Property, Plant and Equipment

(Dollars in thousands)	Vessels			Drydock			EGCS¹			Total
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

Cost
As of January 1, 2022²	$	1,979,237		$	54,368		$	59,311		$	2,092,917
Additions		96			(12	)		3			86
Transferred from vessel upgrades		1,467			7,223			-			8,690
Disposals		(146,031	)		(14,961	)		(7,443	)		(168,435	)
As of December 31, 2022	$	1,834,769		$	46,617		$	51,871		$	1,933,258

Accumulated depreciation and impairment
As of January 1, 2022²	$	(573,817	)	$	(17,766	)	$	(33,488	)	$	(625,071	)
Charge for the period		(89,615	)		(11,412	)		(20,710	)		(121,738	)
Disposals		61,042			8,387			6,119			75,549
As of December 31, 2022	$	(602,390	)	$	(20,792	)	$	(48,079	)	$	(671,260	)

Net book value
As of December 31, 2022	$	1,232,380		$	25,826		$	3,793		$	1,261,998

Advances for vessel upgrades
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

As of January 1, 2022	$	232		$	140		$	-		$	372
Additions		1,235			9,890			1,776			12,900
Transferred to vessels		(1,467	)		(7,223	)		-			(8,690	)
As of December 31, 2022	$	-		$	2,807		$	1,776		$	4,583

¹	Exhaust Gas Cleaning Systems (“EGCS”).

Correction of $72,687 thousand to reflect accurate historic cost and accumulated depreciation for remaining vessels. This correction of historical amounts has no impact on impairment, depreciation, net book value or any other income statements, cash flows or statements of financial position amounts in any of the periods presented.

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)	2023		2022
Right-of-use assets	$	5,693	$	3,626
Other property, plant and equipment		956		1,323
Total other property, plant and equipment	$	6,649	$	4,949

Material accounting policy information

12 Months Ended

Dec. 31, 2023

Material accounting policy information [Abstract]

Material accounting policy information

Note 2 – Material accounting policy information

Statement of compliance

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

Basis of preparation

The financial statements have been prepared on a historical cost basis.

Historical cost is generally based on the fair value of the consideration given in exchange for assets.

The financial statements have been prepared on a going concern basis.

The material accounting policy information is set out below.

Basis of consolidation

The consolidated financial statements comprise the financial statements of DHT Holdings, Inc. and entities controlled by the parent company (and its subsidiaries).

Unless otherwise specified, all subsequent references to the “Company” refer to DHT Holdings, Inc. and its subsidiaries. Control is achieved where the Company has power over the investee, is exposed or has the rights to variable returns from its investment with an entity and has the ability to affect those returns through its power over the entity.

The results of subsidiaries acquired or disposed during the year are included in the consolidated financial statements from the effective date of acquisition or up to the effective date of disposal, as appropriate.

The financial statements of the subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. All intercompany balances and transactions have been eliminated upon consolidation.

Acquisitions made by the Company which do not qualify as a business combination under IFRS 3, “Business Combinations,” are accounted for as asset acquisitions.

Investments in associates

As of December 31, 2021, and up until May 31, 2022, DHT owned 50% of Goodwood Ship Management Pte. Ltd. (“Goodwood”) which was treated as an associate under the equity method. The Company recognized its share of Goodwood’s net income in “Share of profit from associated companies” for 2021 and the first five months of 2022.

Business combinations

Effective May 31, 2022, DHT acquired an additional 3% equity interest in Goodwood, resulting in a total ownership of 53%. The acquisition of the additional shares was accounted for using the acquisition method as a business combination achieved in stages, otherwise known as a step acquisition. The previously held equity interests in the acquiree were remeasured to fair value, and the resulting loss was recognized under other financial (expense)/income in the consolidated income statement.

Cash and cash equivalents

Cash and cash equivalents are recorded at their nominal amount in the statement of financial position and comprise of cash deposits and cash on hand.

Vessels

Vessels are stated at historical cost, less accumulated depreciation and accumulated impairment losses. Historical costs include expenditures that are directly attributable to the acquisition of these vessels. Depreciation is calculated on a straight-line basis over the useful life of the vessels, taking residual values into consideration, and adjusted for impairment charges or reversal of prior impairment charges, if any.

The Company reviews estimated useful lives and residual values each year with the effect of any changes in estimate accounted for on a prospective basis. The estimated useful life of the vessels may change due to technological developments as well as environmental, legal and industry requirements. The Company believes 20 years to be a reasonable estimate for a vessel’s commercial life. Each vessel’s residual value is equal to the product of its lightweight tonnage and an estimated scrap rate per ton.

Capitalized exhaust gas cleaning systems costs are depreciated on a straight-line basis from the time of installation of the equipment to the end of the estimated useful life. The exhaust gas cleaning systems are estimated to have a useful life of three years.

Please refer to the Use of estimates section for further details.

Advances for vessel upgrades

Advances related to exhaust gas cleaning system retrofits and capital expenditures are recorded in the statement of financial position as “Advances for vessel upgrades” under Non-current assets. Advances for vessel upgrades will be capitalized and reclassified to “Vessels” under Non-current assets upon completion of maintenance or completion of installation.

Docking and survey expenditure

The Company’s vessels are required to be drydocked every 30 to 60 months. The Company capitalizes drydocking costs as part of the relevant vessel and depreciates those costs on a straight-line basis from the completion of a drydocking to the estimated completion of the next drydocking. The residual value of such capital expenses is estimated at nil. Costs related to ordinary maintenance performed during drydocking are charged to the income statement as part of vessel operating expenses for the period which they are incurred.

Impairment of vessels

The carrying amounts of vessels held and used are reviewed for potential impairment at the end of each reporting period or whenever changes in circumstances indicate that the carrying amount of a particular asset may not be fully recoverable. An asset’s recoverable amount is the higher of an asset’s or cash generating unit’s (“CGU”) fair value less cost of disposal based on third-party broker valuations and its value in use and is determined for each individual asset, unless the asset does not generate cash inflows that are largely independent of those other assets or groups of assets. The Company views each vessel as a separate CGU. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. Such impairment is recognized in the income statement. In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.

The Company assesses at each reporting date if there is any indication that an impairment recognized in prior period may no longer exist or may have decreased. A previously recognized impairment loss is reversed only if there has been a change in the estimates used to determine the recoverable amount, however, not to an extent higher than the carrying amount that would have been determined, had no impairment loss been recognized in prior years. Such reversals are recognized in the income statement.

Bunker inventory

Bunker inventory is stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out (“FIFO”) method and includes expenditures incurred in acquiring the bunkers and delivery cost less discounts. Bunker expenses are recognized as part of voyage expenses in the consolidated income statement upon consumption.

Property, plant and equipment other than vessels and ROU assets

The Company’s other property, plant and equipment consist mainly of the Company’s fixtures, furniture and computer equipment. The fixtures, furniture and computer equipment are stated at historical cost less accumulated depreciation and any impairment charges. Depreciations are calculated on a straight-line basis over the asset’s expected useful life and adjusted for any impairment charges. Ordinary repairs and maintenance costs are charged to the income statement during the financial period in which they are incurred.

Leases - DHT as lessee

The Company assesses whether a contract is or contains a lease at inception of the contract. The Company currently has one category of lease related to leased office space in Monaco, Norway, Singapore and India where the Company is a lessee.

The lease liability is initially measured at present value of the lease payments that are not paid at the commencement date. The right-of-use (“ROU”) assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. The Company’s ROU assets are presented as part of the other property, plant and equipment in the statement of financial position.

Subsequently, the lease liability is measured by increasing the carrying amount to reflect interest on the lease liability (using an effective interest method) and by reducing the carrying amount to reflect the lease payments made. The ROU assets are measured at cost less accumulated depreciation and impairment losses.

The Company remeasures the lease liability and makes a corresponding adjustment to the related ROU asset whenever the lease or the lease term changes.

Revenue and expense recognition

The Company recognizes revenue from the following major sources:

•

Revenue from time charters

•

Revenue from spot charters

Revenues from time charters are accounted for as operating leases and are thus recognized on a straight-line basis over the rental periods of such charters. Revenue is recognized from delivery of the vessel to the charterer until the end of the lease term. For vessels on time charters, where the Company is a lessor, the time charter contract contains a lease component, which is the right to use the specified ship, and a non-lease component, which is the operation and maintenance of the ship. Technical management service components are accounted for in accordance with IFRS 15 Revenue from Contracts with Customers and the lease components are accounted for in accordance with IFRS 16 Leases. The service elements are recognized as revenue as the service is being delivered (over time) and the timing of this coincides with timing of revenue recognized for the leasing element.

The Company has entered into time charters where the Company has the opportunity to earn additional hire when vessel earnings exceed the basic hire amounts set forth in the charters. Additional hire, if any, is calculated and paid either monthly or on a voyage-by-voyage basis in arrears and recognized as revenue in the period in which it was earned.

Revenues from spot charterers, otherwise known as voyage charter revenues, are recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis.

Revenue is measured based on the consideration to which the Company expects to be entitled in a contract with a customer and excludes amounts collected on behalf of third parties. The Company recognizes revenue when it transfers control of a product or service to a customer.

Other revenues primarily comprises revenues earned from the technical management of third party vessels and is recognized over time following the timing of satisfaction of the performance obligation.

Voyage expenses, primarily bunker expenses, are capitalized between the previous discharge port, or contract date if later, and the next load port if they qualify as fulfilment cost. To recognize costs incurred to fulfil a contract as an asset, the following criteria shall be met: (i) the costs relate directly to the contract, (ii) the costs generate or enhance resources of the entity that will be used in satisfying performance obligations in the future and (iii) the costs are expected to be recovered.

Vessel operating expenses are expensed when incurred and include crew costs, vessel stores and supplies, lubricating oils, maintenance and repairs, insurance and communication costs.

Gains and losses on sale of vessels

Gains and losses on the sale of vessels are reported as a separate line item in the consolidated income statement. For the sale of vessels, transfer of control usually occurs upon delivery of the vessel to the new owner.

Financial liabilities

Financial liabilities, including debt, are initially measured at fair value, net of borrowing costs. Financial liabilities are subsequently measured at amortized cost using the effective interest method, with interest expense recognized on an effective yield basis.

The effective interest method is a method of calculating the amortized cost of a financial liability and allocating interest expense over the relevant period. The effective interest rate is the rate that discounts estimated future cash payments through the expected life of the financial liability, or, where appropriate, a shorter period.

Financial assets

(a)

Receivables

Trade receivables are measured at amortized cost using the effective interest method, less any impairment. Normally, the interest element could be disregarded since the receivables are short term. The Company regularly reviews its accounts receivables and estimates the amount of uncollectible receivables each period and establishes an allowance for uncollectible amounts. The amount of the allowance is based on the age of unpaid amounts, information about the current financial strength of customers and other relevant information.

(b)

Derivatives

The Company has historically utilized interest rate swaps to convert part of its interest-bearing debt from floating to fixed rate.

The derivatives were initially recognized at fair value at the date the derivative contract was entered into and was subsequently re-measured to their fair value at each reporting date. Any resulting gain or loss has been recognized in fair value gain/(loss) on derivative financial liabilities. The interest rate swaps did not qualify for hedge accounting.

Derecognition of financial assets and financial liabilities

The Company derecognizes a financial asset only when the contractual rights to cash flows from the asset expire, or when it transfers the financial asset and substantially all risks and reward of ownership of the asset to another entity.

The Company derecognizes financial liabilities when, and only when, the Company’s obligations are discharged, cancelled, or expire.

Foreign currency

The functional currency of the parent company and each of the vessel subsidiaries is the U.S. dollar. This is because the Company’s vessels operate in international shipping markets, in which revenues and expenses are settled in U.S. dollars, and the Company’s most significant assets and liabilities in the form of vessels and related liabilities are denominated in U.S. dollars. For the purposes of presenting these consolidated financial statements, the assets and liabilities of the Company’s foreign operations are translated into U.S. dollars using exchange rates prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during the period, in which case the exchange rates at the date of the transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity.

Classification in the Statement of Financial Position

Current assets and current liabilities include items due 12 months or less from the reporting date and items related to the operating cycle, if longer, liabilities for which the Company does not have the unconditional right to defer settlement beyond 12 months from the reporting date, and items primarily held for trading. The current portion of long-term debt is included as current liabilities. Assets other than those described above are classified as non-current assets.

The Company’s unconditional right to defer settlement for at least 12 months may be subject to complying with future covenants specified in our loan arrangements. There is a risk that those liabilities could become repayable within 12 months after the reporting date. The Company’s financial covenants are described in Note 9.

Related parties

Parties are related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are related if they are subject to common control or common significant influence. Key management personnel of the Company are also related parties. All transactions between the related parties are recorded at estimated market value. See Note 13 for further information.

Taxes

The Company is a foreign corporation that is not subject to United States federal income taxes. Further, the Company is not subject to income taxes or tax reporting requirements imposed by the Marshall Islands, the country in which it is incorporated.

The subsidiaries acting as management companies domiciled in Monaco, Norway, Singapore and India are taxable in local jurisdictions.

Income tax expense represents the sum of the taxes currently payable and deferred tax. Taxes payable are provided based on taxable profits at the current tax rate. Deferred taxes are recognized on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all temporary differences and deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilized.

Accumulated deficit

Accumulated deficit is the cumulative amount of prior year profit and loss and dividends paid.

Treasury shares

When the Company repurchases its own shares, the amount of the consideration paid, including directly attributable costs, is classified as treasury shares and recognized as a deduction from equity. No gain or loss is recognized in profit or loss on the purchase or the retirement of shares.

Additional paid-in capital

Additional paid-in capital represents the excess amount paid over the par value of the shares issued.

Segment information

DHT’s primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. The Company is organized and managed as one segment based on the nature and financial effects of the business activities which it engages and the economic environment in which it operates. The consolidated operating results are regularly reviewed by the Company’s chief operating decision maker, the President & Chief Executive Officer, and the Company does not monitor performance by geographical areas.

Fair value measurement

A number of the Company’s accounting policies and disclosures require the measurement of fair values, both financial and non-financial assets and liabilities. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques.

Further information about the assumptions made in measuring fair values is included in the following notes:

•

Note 8 – Financial Instruments

•

Note 11 – Operating expenses

Use of estimates and assumptions

The preparation of financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Areas where significant estimates and assumptions have been applied are:

•

Depreciation: As described above, the Company reviews estimated useful lives and residual values each year. Estimated useful lives may change due to changed end-user requirements, costs related to maintenance and upgrades, technological development and competition as well as industry, environmental and legal requirements. In addition, residual value may vary due to changes in market prices on scrap.

•

Drydock period: The drydock period impacts the depreciation rate applied to capitalized survey cost. The vessels are required by their respective classification societies to go through a drydock at regular intervals. In general, vessels below the age of 15 years are docked every five years and vessels older than 15 years are docked every 2.5 years.

•

Value in use: As described in Note 6, in assessing “value in use,” the estimated future cash flows are discounted to their present value. In developing estimates of future cash flows, we must make significant assumptions about future charter rates, future use of vessels, ship operating expenses, drydocking expenditures, utilization rates, fixed commercial and technical management fees, residual value of vessels, the estimated remaining useful lives of the vessels, and the discount rate.

Use of judgment

In the process of applying the Company’s accounting policies, management has made the following judgments which have the most significant effect on the amounts recognized in the financial statements:

•

Impairment: Each of the Company’s vessels has been treated as a separate CGU as the vessels have cash inflows that are largely independent of the cash inflows from other assets and therefore can be subject to a value-in-use analysis. Judgment, as disclosed in Note 6, has been applied in connection with the assessment of indicators of impairment or reversal of prior impairment.

Application of new and revised International Financial Reporting Standards (“IFRSs”)

New and amended standards and interpretations

The Company applied for the first-time certain standards and amendments, which are effective for annual periods beginning on or after January 1, 2023 (unless otherwise stated). The Company has not early adopted any other standards, interpretation or amendment that has been issued but is not yet effective.

Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2

The amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements provide guidance and examples to help entities apply materiality judgements to accounting policy disclosures. The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the requirement for entities to disclose their “significant” accounting policies with a requirement to disclose their “material” accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures. The amendments have had an impact on the Company’s disclosures of accounting policies, but not on the measurement, recognition or presentation of any items in the Company’s financial statements.

Definition of Accounting Estimates - Amendments to IAS 8

The amendments to IAS 8 clarify the distinction between changes in accounting estimates, changes in accounting policies and the correction of errors. They also clarify how entities use measurement techniques and inputs to develop accounting estimates. The amendments had no impact on the Company’s consolidated financial statements.

Other amendments or new standards did not have a material impact on the Company´s consolidated financial statements.

New standards issued but not yet effective

New and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Company’s financial statements are disclosed below. The below list includes the new standards and amendments that we believe are the most relevant for the Company:

Amendments to IAS 1 Presentation of Financial Statements – Classification of Liabilities as Current or Non-current

The amendments to IAS 1 published in January 2020 and October 2022 affect only the presentation of liabilities as current or non-current in the statement of financial position and not the amount or timing of recognition of any asset, liability, income or expense, or the information disclosed about those items.

The amendments clarify what is meant by a right to defer settlement, that a right to defer must exist at the end of the reporting period, specify that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability, explain that rights are in existence if covenants are complied with at the end of the reporting period, introduce a definition of “settlement” to make clear that settlements refers to the transfer to the counterparty of cash, equity instruments, other assets or services and required disclosures.

The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. The Company is currently assessing the impact of the amendments, however, the adoption is not expected to have a material impact on its consolidated financial statements.

Financial risk management, objectives and policies, ABN AMRO Credit Facility (Details) $ in Thousands		1 Months Ended
	Jan. 31, 2023 USD ($)	Apr. 30, 2018 USD ($) Carrier Borrower Newbuilding	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Credit Facility [Abstract]
Borrowings			$ 428,726	$ 396,696
ABN AMRO Credit Facility [Member]
Credit Facility [Abstract]
Borrowings	$ 306,800	$ 484,000
Number of borrowers \| Borrower		2
Number of VLCCs financed \| Carrier		11
Number of newbuildings financed \| Newbuilding		2
Drawdown	$ 90,100
ABN AMRO Credit Facility [Member] \| LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis		2.40%

Accounts payable and accrued expenses (Tables)

12 Months Ended

Dec. 31, 2023

Accounts payable and accrued expenses [Abstract]

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consist of the following:

(Dollars in thousands)	2023		2022
Accounts payable	$	9,203	$	14,580
Accrued interest		2,036		643
Accrued voyage expenses		4,829		8,019
Accrued employee compensation		3,306		2,391
Other¹		1,120		3,764
Total accounts payable and accrued expenses	$	20,493	$	29,398

¹	In 2022, other includes accrued operating expenses and accrued capital expenditures. In 2023, there were no accrued operating expenses and accrued capital expenditures.

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Condensed Statement of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	$ 161,397	$ 61,979	$ (11,507)
Total comprehensive income/(loss) for the period net of tax	161,017	61,979	(11,667)
Attributable to the owners of parent	160,922	61,456	(11,681)
Parent Company [Member]
Condensed Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	110,206	77,563	36,095
Total comprehensive income/(loss) for the period net of tax	110,206	77,563	36,095
Attributable to the owners of parent	$ 110,206	$ 77,563	$ 36,095

The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.

+ References + Details

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

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+ Details

Tax

12 Months Ended

Dec. 31, 2023

Tax [Abstract]

Tax

Note 15 – Tax

DHT Holdings, Inc. is a foreign corporation that is not subject to United States federal income taxes. Further, DHT is not subject to income taxes imposed by the Marshall Islands, the country in which it is incorporated, and there are no U.S. legal entities. The Monegasque company, DHT Management S.A.M., is subject to income taxation in Monaco, the Norwegian management company, DHT Management AS, is subject to income taxation in Norway and the direct and indirect subsidiaries in Singapore, DHT Ship Management (Singapore) Pte. Ltd, DHT Chartering (Singapore) Pte. Ltd, Goodwood Ship Management Pte. Ltd., and Goodwood Shipping Agencies Pte. Ltd. are subject to income taxation in Singapore and the indirect Indian subsidiary, Goodwood Marine Services Pvt. Ltd. is subject to income taxation in India. The tax effects for the companies are disclosed below.

Specification of income tax

(Dollars in thousands)	2023		2022			2021
Income tax payable	$	532	$	592		$	378
Tax expenses related to previous year		47		(4	)		(27	)
Change in deferred tax		70		(1	)		9
Total income tax expense	$	649	$	587		$	360

Specification of temporary differences and deferred tax

	December 31,			December 31,			December 31,
(Dollars in thousands)	2023			2022			2021
Property, plant and equipment	$	294		$	468		$	(11	)
Pensions		(900	)		(695	)		(662	)
Total basis for deferred tax	$	(606	)	$	(227	)	$	(674	)
Deferred tax liability(asset), net ¹	$	(176	)	$	(113	)	$	(152	)
Deferred tax (asset), gross ²		(212	)		(168	)		(166	)
Deferred tax liability, gross ²		36			55			14

¹	Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position.

²	Deferred tax liability related to one of the indirect subsidiaries in Singapore cannot be off-set with the deferred tax assets related to the subsidiary in Norway or one of the direct subsidiaries in Singapore.

Reconciliation of income tax expense

(Dollars in thousands)	2023		2022		2021
Profit/(loss) before income tax	$	162,046	$	62,567	$	(11,147	)
Expected income tax assessed at the tax rate for the Parent company (0%)		-		-		-
Adjusted for tax effect of the following items:
Income in subsidiary, subject to income tax		649		587		360
Total income tax expense	$	649	$	587	$	360

Pensions	12 Months Ended
Pensions	Dec. 31, 2023
Pensions [Abstract]
Pensions	Note 14 – Pensions The Company is required to have an occupational pension scheme in accordance with Norwegian law on required occupational pensions (“lov om obligatorisk tjenestepensjon”) for the employees in DHT Management AS. The pension scheme satisfies the requirements of this law and comprises a defined benefit scheme. At the end of the year, there were 14 participants in the benefit plan. Defined benefit pension DHT Management AS established a defined benefit plan for qualifying employees in 2010. Under the plan, the employees, from age 67, are entitled to 70% of their base salary at retirement date. Parts of the pension are covered by payments from the National Insurance Scheme in Norway. The defined benefit plan is insured through an insurance company. Liability for defined benefit pension DHT Management AS makes contributions to the defined benefit plan and as of December 31, 2023, the net liability recorded was $900 thousand, compared to $695 thousand as of December 31, 2022, and $662 thousand as of December 31, 2021. DHT Management AS expects to contribute $295 thousand to its defined benefit pension plan in 2024. Contribution to the defined benefit pension plan for the years 2023, 2022 and 2021 was $661 thousand, $333 thousand and $368 thousand, respectively.

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Profit/(Loss) Reconciliation (Details) - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Profit/(loss) reconciliation [Abstract]
Profit/(loss) of the parent company only under cost method of accounting	$ 110,206	$ 77,563	$ 36,095
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting	50,716	(16,107)	(47,776)
Profit/(loss) of the parent company only under equity method of accounting	$ 160,922	$ 61,456	$ (11,681)

Operating expenses, Valuation of Stock Compensation (Details)

1 Months Ended

12 Months Ended

Jun. 30, 2023

Jan. 31, 2023

$ / shares

Jan. 31, 2022

$ / shares

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Number of restricted stock, forfeited (in shares)

57,431

199,400

Number of restricted stock, vested (in shares)

^[1]

503,688

800,723

733,133

January 2023 [Member] | Management [Member]

Number of restricted stock vesting in one year (in shares)

300,000

67,500

Number of restricted stock vesting in two years (in shares)

67,500

Number of restricted stock vesting in three years (in shares)

67,500

Number of restricted stock, forfeited (in shares)

32,500

Number of restricted stock, vesting subject to certain market conditions (in shares)

65,000

January 2023 [Member] | Management [Member] | Vesting value $8.25 [Member]

Number of restricted stock, vesting subject to certain market conditions (in shares)

32,500

Number of shares vested, fair value (in dollars per share) | $ / shares

$ 8.25

January 2023 [Member] | Management [Member] | Vesting value $6.72 [Member]

Number of restricted stock, vesting subject to certain market conditions (in shares)

32,500

Number of shares vested, fair value (in dollars per share) | $ / shares

$ 6.72

January 2023 [Member] | Broad of Directors [Member]

Number of restricted stock, vested (in shares)

135,000

22,500

January 2022 [Member] | Management [Member]

Number of restricted stock vesting in one year (in shares)

697,953

99,788

Number of restricted stock vesting in two years (in shares)

99,788

Number of restricted stock vesting in three years (in shares)

99,789

Number of restricted stock, forfeited (in shares)

199,263

Number of restricted stock, vesting subject to certain market conditions (in shares)

24,931

Number of shares vested, fair value (in dollars per share) | $ / shares

$ 4.29

Number of restricted stock, vested (in shares)

174,394

January 2022 [Member] | Broad of Directors [Member]

Outstanding beginning of period (in shares)

175,000

[1]	Does not include shares in lieu of dividends

Operating expenses, Outstanding Restricted Common Stock (Details) - shares

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Restricted common stock [Abstract]

833,695

960,865

819,998

Granted (in shares)

435,000

872,953

874,000

Exercised (in shares)

^[1]

503,688

800,723

733,133

Forfeited (in shares)

57,431

199,400

Outstanding end of period (in shares)

707,576

833,695

960,865

[1]	Does not include shares in lieu of dividends

Related parties (Details) - Goodwood [Member] - USD ($) $ in Thousands	1 Months Ended	5 Months Ended	12 Months Ended
	May 31, 2022	May 31, 2022	Dec. 31, 2021
Related parties transactions [Abstract]
Ownership interest percentage	53.00%	50.00%
Additional percentage of equity interest acquired	3.00%
Technical management fees paid		$ 1,485	$ 3,459

Operating expenses, General and Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
General and Administrative Expenses [abstract]
Total compensation to employees and Directors	$ 11,652	$ 11,763	$ 11,890
Office and administrative expenses	3,940	3,818	3,351
Audit, legal and consultancy	1,856	1,308	1,325
Total general and administrative expenses	$ 17,448	$ 16,889	$ 16,565

Document and Entity Information	12 Months Ended
Document and Entity Information	Dec. 31, 2023 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-32640
Entity Registrant Name	DHT HOLDINGS, INC.
Entity Central Index Key	0001331284
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	Clarendon House
Entity Address, Address Line Two	2 Church Street
Entity Address, City or Town	Hamilton HM
Entity Address, Postal Zip Code	11
Entity Address, Country	BM
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	DHT
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	160,999,542
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Auditor Name	Ernst & Young AS
Auditor Location	Oslo, Norway
Auditor Firm ID	1572
Business Contact [Member]
Entity Addresses [Line Items]
Contact Personnel Name	Laila Cecilie Halvorsen
City Area Code	441
Local Phone Number	295-1422
Entity Address, Address Line One	Clarendon House
Entity Address, Address Line Two	2 Church Street
Entity Address, City or Town	Hamilton HM
Entity Address, Postal Zip Code	11
Entity Address, Country	BM

Segment information (Details) $ in Thousands	12 Months Ended
Segment information (Details) $ in Thousands	Dec. 31, 2023 USD ($) Segment Vessel Customer	Dec. 31, 2022 USD ($) Vessel Customer	Dec. 31, 2021 USD ($) Vessel Customer
Operating Segments [Abstract]
Number of operating segments \| Segment	1
Information About Major Customers [Abstract]
Number of vessels in operation \| Vessel	24	23	26
Shipping revenues	$ 556,075	$ 450,381	$ 295,853
Number of major customers \| Customer	5	5	5
Time Charters [Member]
Information About Major Customers [Abstract]
Number of vessels in operation \| Vessel	5	5	7
Spot Market [Member]
Information About Major Customers [Abstract]
Number of vessels in operation \| Vessel	19	18	19
Major Customer [Member]
Information About Major Customers [Abstract]
Shipping revenues	$ 340,480	$ 223,131	$ 157,601
Percentage of aggregate revenue	61.00%	50.00%	53.00%
Customer One [Member]
Information About Major Customers [Abstract]
Shipping revenues	$ 87,379	$ 80,198	$ 41,418
Customer Two [Member]
Information About Major Customers [Abstract]
Shipping revenues	84,493	68,829	35,154
Customer Three [Member]
Information About Major Customers [Abstract]
Shipping revenues	71,291	27,443	28,322
Customer Four [Member]
Information About Major Customers [Abstract]
Shipping revenues	57,641	26,873	26,392
Customer Five [Member]
Information About Major Customers [Abstract]
Shipping revenues	$ 39,676	$ 19,788	$ 26,315

Consolidated Income Statement - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Consolidated Income Statement [Abstract]

Vessel operating expenses

$ 556,075

$ 450,381

$ 295,853

Other revenues

^[1]

4,481

3,764

Total revenues

560,556

454,146

295,853

Gain on sale of vessels

19,513

15,153

Other income

4,612

Operating expenses

Voyage expenses

(165,667)

(185,502)

(92,405)

(75,429)

(73,809)

(77,807)

Depreciation and amortization

(108,902)

(123,255)

(128,639)

General and administrative expense

(17,448)

(16,889)

(16,565)

Total operating expenses

(367,447)

(399,455)

(315,416)

Operating income

193,110

74,204

202

Share of profit from associated companies

1,327

1,278

Interest income

4,485

1,076

Interest expense

(33,061)

(26,197)

(25,727)

Fair value gain/(loss) on derivative financial liabilities

(504)

14,983

12,450

Other financial (expense)/income

(1,984)

(2,826)

645

Profit/(loss) before tax

162,046

62,567

(11,147)

Income tax expense

(649)

(587)

(360)

Attributable to the owners of non-controlling interest

161,397

61,979

(11,507)

459

Attributable to the owners of parent

$ 161,353

$ 61,520

$ (11,521)

Basic earnings/(loss) per share (in dollars per share)

$ 0.99

$ 0.37

$ (0.07)

Diluted earnings/(loss) per share (in dollars per share)

$ 0.99

$ 0.37

$ (0.07)

Weighted average number of shares (basic) (in shares)

162,178,499

164,692,954

169,089,325

Weighted average number of shares (diluted) (in shares)

162,356,735

164,850,091

169,089,325

[1]	Other revenues mainly relate to technical management services provided

Charter arrangements, Additional Information (Details)	12 Months Ended
Charter arrangements, Additional Information (Details)	Dec. 31, 2023 Vessel Counterparty	Dec. 31, 2022 Vessel Counterparty	Dec. 31, 2021 Vessel Counterparty
Concentration of Risk [Abstract]
Number of vessels	24	23	26
Number of counterparties \| Counterparty	3	4	5
Time Charters [Member]
Concentration of Risk [Abstract]
Number of vessels	5	5	7
Spot Market [Member]
Concentration of Risk [Abstract]
Number of vessels	19	18	19

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Consolidated Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	$ 161,397	$ 61,979	$ (11,507)
Items that will not be reclassified subsequently to profit or loss:
Remeasurement of defined benefit obligation, net of tax	(494)	(101)	(92)
Items that may be reclassified subsequently to profit or loss:
Exchange gain/(loss) on translation of foreign currency denominated associate and subsidiary	115	101	(68)
Total comprehensive income/(loss) for the period net of tax	161,017	61,979	(11,667)
Attributable to the owners of non-controlling interest	95	523	14
Attributable to the owners of parent	$ 160,922	$ 61,456	$ (11,681)

The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.

+ References + Details

Compensation of Directors and Executives [Abstract]

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

+ Details

Operating expenses, Compensation of Executives and Directors (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Cash compensation

$ 2,425

$ 2,648

$ 5,050

Pension cost

125

165

219

Share compensation

^[1]

2,504

3,316

3,508

Total remuneration

$ 5,054

$ 6,129

$ 8,776

[1]	Share compensation reflects the expense recognized.

Investment in associate company and business combination, Impact of Acquisition (Details) - Goodwood [Member] $ in Thousands	8 Months Ended
	Dec. 31, 2022 USD ($)
Impact of Acquisition [Abstract]
Revenue contributed by acquisitions	$ 3,764
Amount of profit (loss) after tax	1,129
Total revenues if business combination had taken place at beginning of year	457,381
Increase in combined results if business combination had taken place at beginning of year	588
Combined results if business combination had taken place at beginning of year	$ 63,155

Accounts payable and accrued expenses (Details) - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Accounts payable and accrued expenses [Abstract]

Accounts payable

$ 9,203

$ 14,580

Accrued interest

2,036

643

Accrued voyage expenses

4,829

8,019

Accrued employee compensation

3,306

2,391

Other

^[1]

1,120

3,764

Total accounts payable and accrued expenses

^[2]

20,493

$ 29,398

Accrued operating expenses and accrued capital expenditures

$ 0

[1]	In 2022, other includes accrued operating expenses and accrued capital expenditures. In 2023, there were no accrued operating expenses and accrued capital expenditures.
[2]	Amounts carried at amortized cost.

Operating expenses, Stock Compensation Expenses (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) shares $ / shares	Dec. 31, 2022 USD ($) shares $ / shares	Dec. 31, 2021 USD ($) shares $ / shares
Operating expense [Abstract]
Expense recognized from stock compensation \| $	$ 3,313	$ 4,211	$ 4,371
Stock compensation expense [Abstract]
Contractual life for outstanding stock compensation series	1 year 29 days
Vesting value $5.30 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares	$ 5.3
Number of shares vested (in shares) \| shares	102,045
Vesting value $5.38 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares	$ 5.38
Number of shares vested (in shares) \| shares	198,745
Vesting value $8.25 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares	$ 8.25
Number of shares vested (in shares) \| shares	24,163
Vesting value $8.22 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares	$ 8.22	$ 8.22	$ 8.22
Number of shares vested (in shares) \| shares	123,444	122,057	435,960
Vesting value $4.25 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares		$ 4.25	$ 4.25
Number of shares vested (in shares) \| shares		167,431	163,764
Vesting value $5.52 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares	$ 5.52	$ 5.52	$ 5.52
Number of shares vested (in shares) \| shares	107,733	388,412	120,986
Vesting value $3.22 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares			$ 3.22
Number of shares vested (in shares) \| shares			120,986
Vesting value $5.30 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares		$ 5.3
Number of shares vested (in shares) \| shares		175,048

Vessels, subsidiaries and other property, plant and equipment

12 Months Ended

Dec. 31, 2023

Vessels, subsidiaries and other property, plant and equipment [Abstract]

Vessels, subsidiaries and other property, plant and equipment

Note 6 – Vessels, subsidiaries and other property, plant and equipment

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

(Dollars in thousands)	Vessels			Drydock			EGCS¹			Total
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

Cost
As of January 1, 2022²	$	1,979,237		$	54,368		$	59,311		$	2,092,917
Additions		96			(12	)		3			86
Transferred from vessel upgrades		1,467			7,223			-			8,690
Disposals		(146,031	)		(14,961	)		(7,443	)		(168,435	)
As of December 31, 2022	$	1,834,769		$	46,617		$	51,871		$	1,933,258

Accumulated depreciation and impairment
As of January 1, 2022²	$	(573,817	)	$	(17,766	)	$	(33,488	)	$	(625,071	)
Charge for the period		(89,615	)		(11,412	)		(20,710	)		(121,738	)
Disposals		61,042			8,387			6,119			75,549
As of December 31, 2022	$	(602,390	)	$	(20,792	)	$	(48,079	)	$	(671,260	)

Net book value
As of December 31, 2022	$	1,232,380		$	25,826		$	3,793		$	1,261,998

Advances for vessel upgrades
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

As of January 1, 2022	$	232		$	140		$	-		$	372
Additions		1,235			9,890			1,776			12,900
Transferred to vessels		(1,467	)		(7,223	)		-			(8,690	)
As of December 31, 2022	$	-		$	2,807		$	1,776		$	4,583

¹	Exhaust Gas Cleaning Systems (“EGCS”).

Depreciation

We have assumed an estimated useful life of 20 years for our vessels. Depreciation is calculated taking residual value into consideration. Each vessel’s residual value is equal to the product of its lightweight tonnage and an estimated scrap rate per ton. Estimated scrap rate used as a basis for depreciation is based on estimated scrap value in accordance with our recycling policy. Capitalized drydocking costs are depreciated on a straight-line basis from the completion of a drydocking to the estimated completion of the next drydocking. Capitalized exhaust gas cleaning system costs are depreciated on a straight-line basis from the time of installation of the equipment to the end of the estimated useful life.

Recycling policy

If the Company were to sell a ship for demolition, the Company shall prepare the ship to facilitate safe and environmentally sound recycling in accordance with the Hong Kong Convention. It should be sold in accordance with the “BIMCO Recyclecon” terms, “Standard Contract for the Sale of Vessels for Green Recycling” and with the commitment from the Buyer to provide the Company with certification from the Ship Recycling Facility that its Ship Recycling Facility Plan is in compliance with and will be executed in accordance with the Hong Kong Convention.

Carrying value and impairment

A vessel’s recoverable amount is the higher of the vessel’s fair value less cost of disposal and its value in use. The carrying values of our vessels may not represent their fair market value at any point in time since the market prices of second-hand vessels tend to fluctuate with changes in charter rates and the cost of constructing new vessels. Historically, both charter rates and vessel values have been cyclical. The carrying amounts of vessels held and used by us are reviewed for potential impairment or reversal of prior impairment charges whenever events or changes in circumstances indicate that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel. Each of the Company’s vessels have been viewed as a separate CGU as the vessels have cash inflows that are largely independent of the cash inflows from other assets and therefore can be subject to a value in use analysis. In instances where a vessel is considered impaired, it is written down to its recoverable amount. Given the significance of these assets to our financial reporting, an impairment charge and/or reversal of previously recognized impairments could have a material impact on the Company’s financial reporting. Management continuously monitors both external and internal factors to determine if there are indicators that the vessels may be impaired or, in case of previously recognized impairment, that there are indicators that this may be reversed. The factors evaluated in the assessment include the carrying amount of net assets compared to market capitalization, the changes in market rates affecting the Company’s weighted average cost of capital, the effect of any changes in the technological, market, economic, or legal environment in which the Company operates, changes in forecasted charter rates, and movements in external broker valuations. The Company also assesses whether any evidence suggests the obsolescence or physical damage of an asset, whether the Company had any plans to dispose of an asset before the previously expected date of disposal, and whether any evidence suggests that the economic performance of an asset was, or would be, worse than expected. To the extent it is determined that indicators of impairment and/or reversal of previously recognized impairment exist, the value in use is estimated for the respective vessels. A reversal of a previously recognized impairment loss is recorded only to the extent there has been an increase in the estimated service potential of an asset, either from use or sale.

Although management believes that the assumptions used to evaluate potential indicators of impairment or reversal of prior impairment are reasonable and appropriate at the time they were made, such assumptions are highly subjective and could change, possibly materially, in the future.

This also applies to assumptions used to evaluate impairment charges or reversal or prior year impairment charges. Reasonable changes in the assumptions for the discount rate or future charter rates could lead to a value in use for some of our vessels that is higher than, equal to or less than the carrying amount for such vessels. There can be no assurance as to how long charter rates and vessel values will remain at their current levels or whether or when they will change by any significant degree. Charter rates may decline significantly from current levels, which could adversely affect our revenue and profitability and future assessments of vessel impairment.

For the years ending December 31, 2023, 2022 and 2021, the Company performed an assessment using both internal and external sources of information and concluded there were no indicators of impairment or reversal of prior impairment.

Pledged assets

As of December 31, 2023, all of the Company’s 24 vessels were pledged as collateral under the Company’s secured credit facilities.

Other property, plant and equipment

(Dollars in thousands)	2023		2022
Right-of-use assets	$	5,693	$	3,626
Other property, plant and equipment		956		1,323
Total other property, plant and equipment	$	6,649	$	4,949

Financial instruments, Derivatives Interest Rate Swaps (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Derivatives - interest rate swaps [Abstract]
Notional amount	$ 0	$ 311,590
Fair value - financial asset	$ 0	3,759
Swap Pays 2.987% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.987%
Expiries	Apr. 20, 2023
Notional amount	$ 0	37,200
Fair value - financial asset	$ 0	202
Swap Pays 3.012%, [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.012%
Expiries	Apr. 20, 2023
Notional amount	$ 0	37,200
Fair value - financial asset	$ 0	200
Swap Pays 3.019% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.019%
Expiries	Sep. 29, 2023
Notional amount	$ 0	25,609
Fair value - financial asset	$ 0	365
Swap Pays 3.019% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.019%
Expiries	Sep. 29, 2023
Notional amount	$ 0	24,695
Fair value - financial asset	$ 0	351
Swap Pays 2.8665% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.8665%
Expiries	Sep. 29, 2023
Notional amount	$ 0	41,120
Fair value - financial asset	$ 0	629
Swap Pays 2.8785% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.8785%
Expiries	Jun. 30, 2023
Notional amount	$ 0	35,539
Fair value - financial asset	$ 0	357
Swap Pays 2.885% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.885%
Expiries	Sep. 29, 2023
Notional amount	$ 0	40,478
Fair value - financial asset	$ 0	623
Swap Pays 2.897% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.897%
Expiries	Sep. 30, 2023
Notional amount	$ 0	35,717
Fair value - financial asset	$ 0	544
Swap Pays 3.020% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.02%
Expiries	Sep. 29, 2023
Notional amount	$ 0	34,033
Fair value - financial asset	$ 0	$ 488

Operating expenses, Voyage Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating expense [Abstract]
Bunkers	$ 133,332	$ 154,182	$ 72,925
Other voyage related expenses	32,335	31,320	19,480
Total voyage expenses	$ 165,667	$ 185,502	$ 92,405

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Summary (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]
Percentage of restricted net assets of consolidated subsidiaries exceeds of consolidated net assets	25.00%	25.00%	25.00%

Stockholders' equity and dividend payment

12 Months Ended

Dec. 31, 2023

Stockholders' equity and dividend payment [Abstract]

Stockholders' equity and dividend payment

Note 10 – Stockholders’ equity and dividend payment

Stockholders’ equity

(Dollars in thousands, except per share data)	Common stock			Preferred stock
Issued at December 31, 2021		166,126,770
Restricted stock issued		852,948
Retirement of treasury shares		(4,326,379	)
Issued at December 31, 2022		162,653,339
Restricted stock issued		556,130
Retirement of treasury shares		(2,209,927	)
Issued at December 31, 2023		160,999,542
Par value	$	0.01		$	0.01
Number of shares authorized for issue at December 31, 2023		250,000,000

Common stock

Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.

Preferred stock

Terms and rights of preferred shares will be established by the board when or if such shares would be issued.

Stock repurchases

In 2023, the Company purchased 2,209,927 of its own shares in the open market for an aggregate consideration of $18.8 million, at an average price of $8.49 per share. All shares were retired upon receipt. In 2022, the Company purchased 4,326,379 of its own shares in the open market for an aggregate consideration of $24.8 million, at an average price of $5.71 per share. All shares were retired upon receipt. In 2021, the Company purchased 5,513,254 of its own shares in the open market for an aggregate consideration of $32.2 million, at an average price of $5.82 per share. All shares were retired upon receipt.

Dividend payments

Dividend payments as of December 31, 2023:			Per share
Payment date:		Total payment	Common
February 24, 2023	$	61.9 million	$	0.38
May 25, 2023	$	37.5 million	$	0.23
August 30, 2023	$	56.7 million	$	0.35
November 28, 2023	$	30.6 million	$	0.19
Total payments as of December 31, 2023	$	186.7 million	$	1.15

Dividend payments as of December 31, 2022:			Per share
Payment date:		Total payment	Common
February 24, 2022	$	3.3 million	$	0.02
May 26, 2022	$	3.3 million	$	0.02
August 30, 2022	$	6.5 million	$	0.04
November 29, 2022	$	6.5 million	$	0.04
Total payments as of December 31, 2022	$	19.7 million	$	0.12

Dividend payments as of December 31, 2021:			Per share
Payment date:		Total payment	Common
February 25, 2021	$	8.6 million	$	0.05
May 26, 2021	$	6.8 million	$	0.04
August 26, 2021	$	3.3 million	$	0.02
November 23, 2021	$	3.3 million	$	0.02
Total payments as of December 31, 2021	$	22.1 million	$	0.13

Refer to Note 18 for the dividend paid after the reporting date.

Financial risk management, objectives and policies, Liquidity Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	$ 555,867	$ 470,761
Interest rate swaps		(3,300)
Total	555,867	467,462
1 Year [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	65,665	59,707
Interest rate swaps		(3,300)
Total	65,665	56,407
2 to 5 Years [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	346,283	384,591
Interest rate swaps		0
Total	346,283	384,591
More than 5 Years [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	143,919	26,464
Interest rate swaps		0
Total	$ 143,919	$ 26,464

Financial risk management, objectives and policies, ING Credit Facility (Details) $ in Thousands		3 Months Ended	12 Months Ended
	Jan. 31, 2023 USD ($) Borrower	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Credit Facility [Abstract]
Borrowings			$ 428,726	$ 396,696
ING Credit Facility [Member]
Credit Facility [Abstract]
Credit facility covenant, required adjusted tangible net worth			$ 300,000
ING Credit Facility [Member] \| Bottom of Range [Member]
Credit Facility [Abstract]
Credit facility covenant, required percentage of charter-free market value of vessels to borrowings			135.00%
Credit facility covenant, required percentage of adjusted tangible net worth to total assets			25.00%
Credit facility covenant, required unencumbered consolidated cash			$ 30,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt			6.00%
ING Credit Facility, $405 million Senior Credit Facility [Member]
Credit Facility [Abstract]
Borrowings	$ 405,000		$ 231,258	0
Uncommitted incremental facility	$ 100,000
Number of borrowers \| Borrower	10
Frequency of periodic repayment			quarterly
Debt repayment installment amount	$ 6,300
Maturity date			Jan. 31, 2029
ING Credit Facility, $405 million Senior Credit Facility [Member] \| SOFR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis	1.90%		1.90%
Percentage of Credit Adjustment Spread (CAS)	0.0026
Revolving Credit Facility [Member]
Credit Facility [Abstract]
Drawdown		$ 55,000
ING Credit Facility, $45 million Senior Credit Facility [Member]
Credit Facility [Abstract]
Borrowings		45,000	$ 43,794	$ 0
Frequency of periodic repayment			quarterly
Debt repayment installment amount		750
Maturity date			Jan. 31, 2029
Drawdown		$ 45,000
ING Credit Facility, $45 million Senior Credit Facility [Member] \| SOFR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis		1.80%	1.80%

Charter arrangements (Tables)

12 Months Ended

Dec. 31, 2023

Charter arrangements [Abstract]

Shipping Revenues

The below table details the Company’s shipping revenues:

(Dollars in thousands)	2023		2022		2021
Time charter revenues ¹	$	74,989	$	75,790	$	140,730
Voyage charter revenues		481,087		374,592		155,124
Shipping revenues	$	556,075	$	450,381	$	295,853
Other revenues²		4,481		3,764		-
Total revenues	$	560,556	$	454,146	$	295,853

²	Other revenues mainly relate to technical management services provided.

Vessel Employment

The following summarizes the Company’s vessel employment as of December 31, 2023:

Vessel	Type of Employment	Expiry
VLCC
DHT Appaloosa	Spot
DHT Mustang	Spot
DHT Bronco	Spot
DHT Colt	Spot
DHT Stallion	Spot
DHT Tiger	Spot
DHT Harrier	Time charter		Q4 2024
DHT Puma	Time charter with profit sharing		Q1 2026
DHT Panther	Spot
DHT Osprey	Time charter		Q2 2027
DHT Lion	Spot
DHT Leopard	Time charter		Q4 2027
DHT Jaguar	Spot
DHT Taiga	Spot
DHT Opal	Spot
DHT Sundarbans	Time charter with profit sharing		Q1 2025
DHT Redwood	Spot
DHT Amazon	Spot
DHT Peony	Spot
DHT Lotus	Spot
DHT China	Spot
DHT Europe	Spot
DHT Bauhinia	Spot
DHT Scandinavia	Spot

Future Charter Payments

Year	Amount
2024	$	62,952
2025		39,721
2026		26,552
2027		17,847
Thereafter		-
Net charter payments	$	147,072

Contract Balances

Contract balances and related disclosures have been included in the following places in the notes to the Company’s consolidated financial statements:

		Note
Accounts receivable and accrued revenues		note 8,9

		2023				2022				2021
Deferred shipping revenues		$	4,394			$	4,172			$	4,865

Capitalized voyage expenses

		2023				2022				2021
Capitalized voyage expenses		$	2,549			$	2,799			$	1,395

Investment in associate company and business combination, Business Combination (Details) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2022 USD ($)	Dec. 31, 2023 Vessel	Dec. 31, 2022 Vessel	Dec. 31, 2021 Vessel
Business combinations [Abstract]
Number of vessels \| Vessel		24	23	26
Goodwood [Member]
Business combinations [Abstract]
Additional percentage of equity interest acquired	3.00%
Cash purchase price	$ 394
Number of vessels \| Vessel			22
Ownership interest acquired	53.00%
Previously held equity interest measured at fair value	$ (6,030)
Amount of loss resulting from re-measuring previously held equity interest at fair value	$ 637

General information (Details)	12 Months Ended
General information (Details)	Dec. 31, 2023 Subsidiaries CrudeCarrier t
Disclosure of subsidiaries [abstract]
Number of subsidiaries	31
Number of wholly owned subsidiaries	27
Number of large crude carriers \| CrudeCarrier	24
Total carrying capacity \| t	7,479,177
Top of Range [Member]
Disclosure of subsidiaries [abstract]
Weight of tankers \| t	320,000
Bottom of Range [Member]
Disclosure of subsidiaries [abstract]
Weight of tankers \| t	270,000
Marshall Island [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	17
Number of vessel-owning subsidiaries	17
Cayman Islands [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	7
Number of vessel-owning subsidiaries	7
Singapore [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	2
Ownership interest	53.00%
Percentage of ownership by subsidiary	100.00%
Indirect ownership interest	53.00%
Monegasque [Member]
Disclosure of subsidiaries [abstract]
Ownership interest	99.00%
Norway [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	1
India [Member]
Disclosure of subsidiaries [abstract]
Indirect ownership interest	53.00%

Tax (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Specification of income tax [Abstract]

Income tax payable

$ 532

$ 592

$ 378

Tax expenses related to previous year

(4)

(27)

Change in deferred tax

(1)

Total income tax expense

649

587

360

Specification of Temporary Differences and Deferred Tax [Abstract]

Property, plant and equipment

294

468

(11)

Pensions

(900)

(695)

(662)

Total basis for deferred tax

(606)

(227)

(674)

Deferred tax liability (asset), net

^[1]

(176)

(113)

(152)

Deferred tax (asset), gross

^[2]

(212)

(168)

(166)

Deferred tax liability, gross

^[2]

Reconciliation of income tax expense [Abstract]

Profit/(loss) before income tax

162,046

62,567

(11,147)

Expected income tax assessed at the tax rate for the Parent company (0%)

Adjusted for tax effect of the following items [Abstract]

Income in subsidiary, subject to income tax

649

587

360

Total income tax expense

$ 649

$ 587

$ 360

Expected income tax rate

0.00%

[1]	Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position.
[2]	Deferred tax liability related to one of the indirect subsidiaries in Singapore cannot be off-set with the deferred tax assets related to the subsidiary in Norway or one of the direct subsidiaries in Singapore.

Accounts payable and accrued expenses

12 Months Ended

Dec. 31, 2023

Accounts payable and accrued expenses [Abstract]

Investment in associate company and business combination [Abstract]

Note 7 – Accounts payable and accrued expenses

Accounts payable and accrued expenses consist of the following:

(Dollars in thousands)	2023		2022
Accounts payable	$	9,203	$	14,580
Accrued interest		2,036		643
Accrued voyage expenses		4,829		8,019
Accrued employee compensation		3,306		2,391
Other¹		1,120		3,764
Total accounts payable and accrued expenses	$	20,493	$	29,398

¹	In 2022, other includes accrued operating expenses and accrued capital expenditures. In 2023, there were no accrued operating expenses and accrued capital expenditures.

Financial instruments

12 Months Ended

Dec. 31, 2023

Financial instruments [Abstract]

Financial instruments

Note 8 – Financial instruments

Categories of financial instruments

(Dollars in thousands)	Carrying amount
Financial assets	2023		2022
Cash and cash equivalents ^{1, 3}	$	74,738	$	125,948
Accounts receivable and accrued revenues ¹		75,848		59,465
Derivative financial assets, current ²		-		3,759
Total financial assets	$	150,586	$	189,172

Financial liabilities
Accounts payables and accrued expenses ¹	$	20,493	$	29,398
Current portion long term debt ¹		30,300		29,626
Long term debt ¹		398,425		367,069
Total financial liabilities	$	449,219	$	426,094

¹	Amounts carried at amortized cost.

²	Amounts carried at fair value through profit or loss.

³	Cash and cash equivalents include $370 thousand in restricted cash in 2023 and $316 thousand in restricted cash in 2022, including employee withholding tax.

Fair value of non-derivative financial instruments

It is assumed that fair value of non-derivative financial instruments is equal to the nominal amount for all financial assets and liabilities. With regards to trade receivables, the credit risk is not viewed as significant. With regards to the credit facilities, these are floating rate with terms and conditions considered to be according to market terms and no material change in credit risk; consequently, it is assumed that carrying value has no material deviation from fair value.

Measurement of fair value

In the statement of financial position, only derivatives were classified within a fair value measurement category and recognized at fair value. Fair value measurement is based on Level 2 in the fair value hierarchy as defined in IFRS 13 Fair Value Measurement. 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.

Derivatives – interest rate swaps

		Notional amount				Fair value - Financial asset
(Dollars in thousands)	Expires	2023		2022		2023		2022
Swap pays 2.987%, receive floating	Apr. 20, 2023	$	-	$	37,200	$	-	$	202
Swap pays 3.012%, receive floating	Apr. 20, 2023		-		37,200		-		200
Swap pays 3.019%, receive floating	Sept. 29, 2023		-		25,609		-		365
Swap pays 3.019%, receive floating	Sept. 29, 2023		-		24,695		-		351
Swap pays 2.8665%, receive floating	Sep. 29, 2023		-		41,120		-		629
Swap pays 2.8785%, receive floating	Jun. 30, 2023		-		35,539		-		357
Swap pays 2.885%, receive floating	Sept. 29, 2023		-		40,478		-		623
Swap pays 2.897%, receive floating	Sept. 30, 2023		-		35,717		-		544
Swap pays 3.020%, receive floating	Sept. 29, 2023		-		34,033		-		488
Total carrying amount		$	-	$	311,590	$	-	$	3,759

Interest-bearing debt

			Remaining		Carrying amount
(Dollars in thousands)	Interest	Maturity	notional		2023		2022
Credit Agricole Credit Facility	SOFR + 2.05%	2028	$	35,000	$	34,097	$	36,381
Danish Ship Finance Credit Facility	SOFR + CAS¹ + 2.00%	2025		29,120		28,982		31,342
Nordea Credit Facility	SOFR + CAS² + 1.90%	2027		93,521		90,594		113,043
ING Credit Facility	SOFR + 1.90%	2029		235,150		231,258		-
ING Credit Facility	SOFR + 1.80%	2029		44,250		43,794		-
ABN AMRO Credit Facility³				-		-		215,929
Total carrying amount			$	437,041	$	428,726	$	396,696

¹	Credit Adjustment Spread (CAS) of 0.48%.

²	Credit Adjustment Spread (CAS) of 0.26%.

³	Outstanding under the ABN AMRO Credit Facility as of December 31, 2022, refinanced through the ING Credit Facility in January 2023. See Note 9 for further details.

The difference between the remaining notional and carrying amount for each of the credit facilities is the capitalized borrowing cost, of which $4.3 million was capitalized in 2023.

As of December 31, 2023, $141.9 million was undrawn under the Nordea Credit Facility and $51.1 million was undrawn under the ING Credit Facility.

Interest on all our credit facilities is payable quarterly in arrears, except the Danish Ship Finance Credit Facility which has interest payable semi-annually in arrears. The credit facilities are principally secured by the first-priority mortgages on the vessels financed by the credit facility, assignments of earnings, pledge of shares in the borrower, insurance and the borrowers’ rights under charters for the vessels, if any, as well as a pledge of the borrowers’ bank account balances.

Reconciliation of liabilities arising from financing activities

						Non-cash changes

	As of January 1, 2023		Financing cash flows ¹			Amortization		Other changes ²			As of December 31, 2023
Bank loans ³	$	396,696	$	29,731		$	2,972	$	(673	)	$	428,726
Office leases ⁴		3,938		(1,424	)		-		3,334			5,849
Total ⁵	$	400,634	$	28,307		$	2,972	$	2,661		$	434,574

						Non-cash changes

	As of January 1, 2022		Financing cash flows ¹			Amortization		Other changes ²			As of December 31, 2022
Bank loans ³	$	522,299	$	(127,816	)	$	2,902	$	(688	)	$	396,696
Office leases ⁴		3,285		(1,090	)		-		1,743			3,938
Total ⁵	$	525,584	$	(128,906	)	$	2,902	$	1,054		$	400,634

¹	The cash flows from bank loans make up the net amount of issuance of long-term debt and repayment of long-term debt in the statement of cash flows.

³	As of December 31, 2023, bank loans consist of current portion long-term debt of $30,300 thousand and long-term debt of $398,425 thousand. As of December 31, 2022, bank loans consist of current portion long-term debt of $29,626 thousand and long-term debt of $367,069 thousand.

⁴

⁵	The reconciliation does not include interest rate swaps, which are described in Note 8.

Investment in associate company and business combination

12 Months Ended

Dec. 31, 2023

Investment in associate company and business combination

Note 16 – Investment in associate company and business combination

Investment in associate

During the first five months of 2022, the parent company owned 50% of Goodwood, whose principal activity is ship management and place of incorporation and business is Singapore. The ownership interest was treated as an investment in associate under the equity method. Subsequently, DHT acquired an additional 3% equity interest in Goodwood, resulting in a total ownership of 53%, which was treated as a subsidiary and consolidated in the Company’s financial statements as of May 31, 2022. As of December 31, 2021, DHT owned 50% of Goodwood, which was treated as an associate under the equity method.

(Dollars in thousands)		2023				2022
Investment in associate company		$	-			$	-

The following summarizes the share of profit of the associate that is accounted for using the equity method:

(Dollars in thousands)
Company’s share of	2023		2022			2021
Profit after taxation	$	-	$	1,327		$	1,278
Other comprehensive income for the year, net of tax	$	-	$	(66	)	$	(74	)
Total comprehensive income for the year	$	-	$	1,261		$	1,204

Business combination

In May 2022, the parent company, acquired an additional 3% equity interest in Goodwood, a privately owned ship management company incorporated under the laws of the Republic of Singapore, for a purchase price of $394 thousand in cash. A change in Goodwood’s partnership structure allowed DHT to increase its shareholding under the existing partnership agreement. As of December 31, 2022, Goodwood managed 22 of the Company’s vessels.

Following the acquisition, DHT’s ownership percentage increased to 53%, thereby obtaining control over Goodwood in what is known as a step acquisition. Previously held equity interests in Goodwood were remeasured to a fair value of $6,030 thousand, resulting in a loss of $637 thousand, which was recognized under other financial (expense)/income in the consolidated income statement.

The Company has elected to measure the non-controlling interests in Goodwood at the proportionate share of identifiable net assets.

Assets acquired and liabilities assumed

The preliminary fair values of the identifiable assets and liabilities of Goodwood as at the date of the acquisition were:

As of May 31, 2022

(Dollars in thousands)	FV recognized on acquisition
ASSETS
Current assets	$	9,912
Non-current assets		2,522
Total assets	$	12,433
LIABILITIES
Current liabilities	$	(570	)
Non-current liabilities		(2,342	)
Total liabilities	$	(2,912	)
TOTAL IDENTIFIABLE NET ASSETS AT FAIR VALUE	$	9,521

Previously held equity interest measured at fair value	$	(6,030	)
Non-controlling interest measured at fair value		(4,453	)
Goodwill arising on acquisition		1,356
PURCHASE CONSIDERATION TRANSFERRED	$	394

(Dollars in thousands)	Cash flow on acquisition
Net cash acquired with the subsidiary	$	8,660
Cash paid		(394	)
NET CASH FLOW ON ACQUISITION	$	8,267

The goodwill of $1,356 thousand comprises the value of the personnel technical management expertise, customer base, and market reputation, which are not separately recognized.

Impact of acquisition on the results of the Company

For the period from May 31 to December 31, 2022, Goodwood contributed $3,764 thousand to total revenues and a profit of $1,129 thousand before tax to the Company.

If the business combination had taken place at the beginning of the year, the total revenues would have been $457,381 thousand on a pro forma basis and the combined result before tax would have improved by $588 thousand to $63,155 thousand on a pro forma basis.

Vessels, subsidiaries and other property, plant and equipment, Other Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Other Property, Plant and Equipment [Abstract]
Right-of-use assets	$ 5,693	$ 3,626
Other property, plant and equipment	956	1,323
Total other property, plant and equipment	$ 6,649	$ 4,949

Stockholders' equity and dividend payment, Dividend Payments (Details) - USD ($) $ / shares in Units, $ in Millions													12 Months Ended
	Nov. 28, 2023	Aug. 30, 2023	May 25, 2023	Feb. 24, 2023	Nov. 29, 2022	Aug. 30, 2022	May 26, 2022	Feb. 24, 2022	Nov. 23, 2021	Aug. 26, 2021	May 26, 2021	Feb. 25, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Dividend Payments [Abstract]
Total payment	$ 30.6	$ 56.7	$ 37.5	$ 61.9	$ 6.5	$ 6.5	$ 3.3	$ 3.3	$ 3.3	$ 3.3	$ 6.8	$ 8.6	$ 186.7	$ 19.7	$ 22.1
Per common share (in dollars per share)	$ 0.19	$ 0.35	$ 0.23	$ 0.38	$ 0.04	$ 0.04	$ 0.02	$ 0.02	$ 0.02	$ 0.02	$ 0.04	$ 0.05	$ 1.15	$ 0.12	$ 0.13

Material accounting policy information (Policies)

12 Months Ended

Dec. 31, 2023

Material accounting policy information [Abstract]

Statement of compliance

Basis of preparation

The financial statements have been prepared on a historical cost basis.

Historical cost is generally based on the fair value of the consideration given in exchange for assets.

The financial statements have been prepared on a going concern basis.

The material accounting policy information is set out below.

Basis of consolidation

The consolidated financial statements comprise the financial statements of DHT Holdings, Inc. and entities controlled by the parent company (and its subsidiaries).

Acquisitions made by the Company which do not qualify as a business combination under IFRS 3, “Business Combinations,” are accounted for as asset acquisitions.

Investments in associates

Business combinations

Cash and cash equivalents are recorded at their nominal amount in the statement of financial position and comprise of cash deposits and cash on hand.

Advances for vessel upgrades

Please refer to the Use of estimates section for further details.

Docking and survey expenditure

Impairment of vessels

Bunker inventory

Property, plant and equipment other than vessels and ROU assets

Leases - DHT as lessee

The Company remeasures the lease liability and makes a corresponding adjustment to the related ROU asset whenever the lease or the lease term changes.

Revenue and expense recognition

The Company recognizes revenue from the following major sources:

•

Revenue from time charters

•

Revenue from spot charters

Revenues from spot charterers, otherwise known as voyage charter revenues, are recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis.

Other revenues primarily comprises revenues earned from the technical management of third party vessels and is recognized over time following the timing of satisfaction of the performance obligation.

Vessel operating expenses are expensed when incurred and include crew costs, vessel stores and supplies, lubricating oils, maintenance and repairs, insurance and communication costs.

Gains and losses on sale of vessels

Financial liabilities

Financial assets

(a)

Receivables

(b)

Derivatives

The Company has historically utilized interest rate swaps to convert part of its interest-bearing debt from floating to fixed rate.

Derecognition of financial assets and financial liabilities

The Company derecognizes financial liabilities when, and only when, the Company’s obligations are discharged, cancelled, or expire.

Foreign currency

Classification in the Statement of Financial Position

Related parties

Taxes

The subsidiaries acting as management companies domiciled in Monaco, Norway, Singapore and India are taxable in local jurisdictions.