DHT Holding's fourth quarter guidance suggests good things for the rest of the tanker market, analysts say.
The New York-listed VLCC said after the close Wednesday that its ships were earning an average rate of $61,500 per day with 49% of spot days booked so far in the fourth quarter.
"This is the first real read-through (beyond daily reported rates from the Baltic Exchange and shipbrokers) on what Q4 tanker rates and earnings might look like, and they are going to look good!" wrote BTIG analyst Gregory Lewis.
