New York-listed DHT Holdings is reporting in-line earnings that reflect the strong year-over-year strengthening in the VLCC market.

The Svein Moxnes Harfjeld-led company disclosed net income of $57.1m or $0.35 per share on shipping revenues of $152m. Adjusted Ebitda was $89.8m.

The numbers were up across the board from the first three months of 2022, when DHT had net income of $10m or $0.06