New York-listed DHT Holdings has reported the loss of a lucrative time charter but confirmed strong spot earnings this quarter.

The 12-month charter for the 317,826-dwt DHT Scandinavia (built 2006) had been terminated, the tanker owner said in a statement.

“DHT Scandinavia has been significantly delayed discharging cargo on her current voyage and has thereby failed to deliver in time,” DHT said.