DHT Holdings has revealed another increase in VLCC spot rates as brokers report vessel earnings bottoming out worldwide.

In a trading update, the New York-listed company estimated time charter equivalent earnings for its fleet at $50,900 per day in the first quarter — $54,000 per day for its spot VLCCs and $39,500 for the time-chartered ships.

Figures were based on 2,091 revenue days for the first quarter, of which 1,636 days were spot days.