DHT (DHT) 20-F25 Mar 222021 FY Annual report (foreign)Financial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	12 Months Ended
Document and Entity Information - shares	Dec. 31, 2021	Dec. 31, 2020
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
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	166,126,770
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 Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Auditor Name	Ernst & Young AS	Deloitte AS
Auditor Location	Oslo, Norway	Oslo, Norway
Auditor Firm ID	1572	1191
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

Consolidated Statement of Finan

Consolidated Statement of Financial Position - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	[1],[2]	$ 60,658	$ 68,641
Accounts receivable and accrued revenues	[1]	30,361	30,060
Capitalized voyage expenses		1,395	1,039
Prepaid expenses		6,162	6,685
Bunker inventory		33,396	11,854
Total current assets		131,972	118,279
Non-current assets
Vessels and time charter contracts		1,467,846	1,476,436
Advances for vessel upgrades		372	17,269
Other property, plant and equipment		3,766	4,772
Investment in associate company		5,406	5,233
Total non-current assets		1,477,391	1,503,710
Total assets		1,609,362	1,621,989
Current liabilities
Accounts payable and accrued expenses	[1]	19,662	18,503
Derivative financial liabilities	[3]	7,002	9,073
Current portion long-term debt	[1]	9,792	3,396
Other current liabilities		624	721
Deferred shipping revenues		4,865	16,236
Total current liabilities		41,944	47,929
Non-current liabilities
Long-term debt	[1]	512,507	446,562
Derivative financial liabilities	[3]	4,222	14,601
Other non-current liabilities		3,330	3,957
Total non-current liabilities		520,059	465,120
Total liabilities		562,003	513,049
Equity
Common stock at par value		1,661	1,708
Additional paid-in capital		1,264,000	1,291,505
Accumulated deficit		(222,405)	(188,709)
Translation differences		101	169
Other reserves		3,968	4,248
Total equity attributable to the Company		1,047,326	1,108,921
Non-controlling interest		34	19
Total equity		1,047,359	1,108,940
Total liabilities and equity		$ 1,609,362	$ 1,621,989

[1]	Amortized cost.
[2]	Cash and cash equivalents include $289 thousand in restricted cash in 2021 and $299 thousand in 2020, including employee withholding tax.
[3]	Fair value through profit or loss.

Consolidated Income Statement

Consolidated Income Statement - USD ($) $ in Thousands	12 Months Ended
Consolidated Income Statement - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Income Statement [Abstract]
Shipping revenues	$ 295,853	$ 691,039	$ 535,068
Other income	4,612	0	0
Operating expenses
Voyage expenses	(92,405)	(140,564)	(187,500)
Vessel operating expenses	(77,807)	(82,188)	(78,327)
Depreciation and amortization	(128,639)	(124,245)	(115,584)
Impairment charges	0	(12,560)	0
(Gain) /loss, sale of vessel	15,153	0	0
General and administrative expense	(16,565)	(17,890)	(14,789)
Total operating expenses	(300,264)	(377,447)	(396,201)
Operating income	202	313,591	138,867
Share of profit from associated companies	1,278	1,193	852
Interest income	6	212	1,077
Interest expense	(25,727)	(38,408)	(55,332)
Fair value gain/(loss) on derivative financial liabilities	12,450	(8,074)	(9,863)
Other financial (expense)/income	645	(1,334)	(1,790)
Profit/(loss) before tax	(11,147)	267,181	73,812
Income tax expense	(360)	(900)	(131)
Profit/(loss) for the year	(11,507)	266,281	73,680
Attributable to the owners of non-controlling interest	14	14	2
Attributable to the owners of parent	$ (11,521)	$ 266,266	$ 73,679
Basic earnings/(loss) per share (in dollars per share)	$ (0.07)	$ 1.71	$ 0.51
Diluted earnings/(loss) per share (in dollars per share)	$ (0.07)	$ 1.61	$ 0.51
Weighted average number of shares (basic) (in shares)	169,089,325	155,712,886	143,437,164
Weighted average number of shares (diluted) (in shares)	169,089,325	170,053,975	168,159,876

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	$ (11,507)	$ 266,281	$ 73,680
Items that will not be reclassified subsequently to profit or loss:
Remeasurement of defined benefit obligation, net of tax	(92)	(141)	224
Items that may be reclassified subsequently to profit or loss:
Exchange gain/(loss) on translation of foreign currency denominated associate and subsidiary	(68)	95	42
Total comprehensive income/(loss) for the period net of tax	(11,667)	266,235	73,946
Attributable to the owners of non-controlling interest	14	14	2
Attributable to the owners of parent	$ (11,681)	$ 266,221	$ 73,944

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-in Additional Capital [Member]	Treasury Shares [Member]	Retained Earnings [Member]	Translation Differences [Member]	Other Reserves [Member]	[1]	Non-controlling Interest [Member]
Balance at Dec. 31, 2018	$ 861,668	$ 1,427	$ 1,145,107	$ (1,364)	$ (285,383)	$ 32	$ 1,848		$ 0
Balance (in shares) at Dec. 31, 2018		142,700,046
Changes in equity
Profit for the year	73,680	$ 0	0	0	73,679	0	0		2
Other comprehensive income/(loss)	265	0	0	0	224	42	0		0
Total comprehensive income/(loss) for the period net of tax	73,946	0	0	0	73,903	42	0		2
Cash dividends declared and paid	(28,685)	0	0	0	(28,685)	0	0		0
Purchase of treasury shares	$ (3,248)	$ 0	0	(3,248)	0	0	0		0
Purchase of treasury shares (in shares)	(725,298)	0
Retirement of treasury shares	$ 0	$ (11)	(4,602)	4,612	0	0	0		0
Retirement of treasury shares (in shares)		(1,061,241)
Adjustment related to non-controlling interest	3	$ 0	0	0	0	0	0		3
Conversion of convertible bonds	26,435	$ 44	26,391	0	0	0	0		0
Conversion of convertible bonds (in shares)		4,390,025
Compensation related to options and restricted stock	2,331	$ 8	2,640	0	0	0	(317)		0
Compensation related to options and restricted stock (in shares)		790,571
Balance at Dec. 31, 2019	932,449	$ 1,468	1,169,537	0	(240,165)	73	1,531		5
Balance (in shares) at Dec. 31, 2019		146,819,401
Changes in equity
Profit for the year	266,281	$ 0	0	0	266,266	0	0		14
Other comprehensive income/(loss)	(45)	0	0	0	(141)	95	0		0
Total comprehensive income/(loss) for the period net of tax	266,235	0	0	0	266,125	95	0		14
Cash dividends declared and paid	$ (214,669)	0	0	0	(214,669)	0	0		0
Purchase of treasury shares (in shares)	0
Conversion of convertible bonds	$ 119,818	$ 234	119,584	0	0	0	0		0
Conversion of convertible bonds (in shares)		23,377,397
Compensation related to options and restricted stock	5,106	$ 6	2,383	0	0	0	2,717		0
Compensation related to options and restricted stock (in shares)		601,530
Balance at Dec. 31, 2020	1,108,940	$ 1,708	1,291,505	0	(188,709)	169	4,248		19
Balance (in shares) at Dec. 31, 2020		170,798,328
Changes in equity
Profit for the year	(11,507)	$ 0	0	0	(11,521)	0	0		14
Other comprehensive income/(loss)	(160)	0	0	0	(92)	(68)	0		0
Total comprehensive income/(loss) for the period net of tax	(11,667)	0	0	0	(11,613)	(68)	0		14
Cash dividends declared and paid	(22,083)	0	0	0	(22,083)	0	0		0
Purchase of treasury shares	$ (32,178)	$ 0	0	(32,178)	0	0	0		0
Purchase of treasury shares (in shares)	(5,513,254)	0
Retirement of treasury shares	$ 0	$ (55)	(32,123)	32,178	0	0	0		0
Retirement of treasury shares (in shares)		(5,513,254)
Compensation related to options and restricted stock	4,347	$ 8	4,619	0	0	0	(280)		0
Compensation related to options and restricted stock (in shares)		841,696
Balance at Dec. 31, 2021	$ 1,047,359	$ 1,661	$ 1,264,000	$ 0	$ (222,405)	$ 101	$ 3,968		$ 34
Balance (in shares) at Dec. 31, 2021		166,126,770

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

Consolidated Statement of Cash

Consolidated Statement of Cash Flow - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Cash flows from operating activities:
Profit/(loss) for the year	$ (11,507)		$ 266,281		$ 73,680
Items included in net income not affecting cash flows:
Depreciation and amortization	128,639		124,245		115,584
Impairment charges	0		12,560		0
Amortization of upfront fees	2,550		5,538		8,003
(Gain)/loss, sale of vessel	(15,153)		0		0
Fair value (gain)/loss on derivative financial liabilities	(12,450)		8,074		9,863
Compensation related to options and restricted stock	4,347		5,106		2,331
(Gain)/loss modification of debt	(3,049)		0		0
Share of profit in associated companies	(1,278)		(1,193)		(852)
Changes in operating assets and liabilities:
Accounts receivable and accrued revenues	(301)		77,788		(47,651)
Capitalized voyage expenses	(356)		3,111		(2,518)
Prepaid expenses	523		(2,265)		(508)
Accounts payable and accrued expenses	1,510		(6,914)		(1,033)
Deferred shipping revenues	(11,372)		15,306		930
Bunker inventory	(21,542)		22,231		(1,874)
Net cash provided by/(used in) operating activities	60,562		529,870		155,956
Cash flows from investing activities:
Investment in vessels	(174,558)		(27,117)		(53,803)
Proceeds from sale of vessels	87,062		0		0
Dividend received from associated company	1,031		835		513
Investment in other property, plant and equipment	(48)		(435)		(79)
Net cash provided by/(used in) investing activities	(86,512)		(26,717)		(53,369)
Cash flows from financing activities
Cash dividends paid	(22,083)		(214,669)		(28,685)
Repayment principal element of lease liability	(611)		(467)		(370)
Issuance of long-term debt	355,840		70,862		64,990
Purchase of treasury shares	(32,178)		0		(3,248)
Issuance of convertible bonds	0		0		(7)
Repayment of long-term debt	(283,000)		(357,595)		(156,430)
Repayment of convertible bonds	0		0		(6,426)
Net cash provided by/(used in) financing activities	17,967		(501,868)		(130,176)
Net (decrease)/increase in cash and cash equivalents	(7,983)		1,285		(27,588)
Cash and cash equivalents at beginning of period	68,641	[1],[2]	67,356		94,944
Cash and cash equivalents at end of period	60,658	[1],[2]	68,641	[1],[2]	67,356
Specification of items included in operating activities:
Interest paid	23,196		35,404		49,233
Interest received	$ 6		$ 212		$ 1,077

[1]	Amortized cost.
[2]	Cash and cash equivalents include $289 thousand in restricted cash in 2021 and $299 thousand in 2020, including employee withholding tax.

General information

General information	12 Months Ended
General information	Dec. 31, 2021
General information [Abstract]
General information	Note 1- General information DHT Holdings, Inc. (“DHT” or the “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 32 material wholly owned subsidiaries, of which 20 are Marshall Island companies, seven are Cayman Islands companies, three are Singapore companies, one is a Monegasque company and one is a Norwegian company. The 20 Marshall Islands subsidiaries and the 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. Our principal activity is the ownership and operation of a fleet of crude oil carriers. As of December 31, 2021 our fleet consisted of 26 very large crude carriers, or “VLCCs,” which are tankers ranging in size from 200,000 to 320,000 deadweight tons, or “dwt.” Our fleet principally operates on international routes and has a combined carrying capacity of 8,043,657 dwt. With regards to amounts in the financial statements, these are shown in USD thousands.

Significant accounting principl

Significant accounting principles	12 Months Ended
Significant accounting principles	Dec. 31, 2021
Significant accounting principles [Abstract]
Significant accounting principles	Note 2 - Significant accounting principles Statement of compliance The consolidated financial statements of DHT Holdings, Inc. 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, except for derivative financial instruments that have been measured at fair value. 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 principal accounting policies are set out below. Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and entities controlled by the Company (and its subsidiaries). Unless otherwise specified, all subsequent references to the “Company” refer to DHT 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. Business combinations Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, liabilities incurred by the Company to the former owners of the acquiree and the equity interests issued by the Company in exchange for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred. At the acquisition date, all identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition are recognized at their fair value, except for non-current assets which are classified as held for sale and are recognized at the lower of carrying amount and fair value less cost to sell, and deferred tax assets and liabilities which are recognized at nominal value. Goodwill from acquisition is recognized as an asset measured at the excess of the sum of the consideration transferred, the fair value of any previously held equity interest and the amount of any non-controlling interests in the acquiree over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Company’s interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities exceed the total consideration of the business combination, the excess is recognized in the income statement immediately. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts or circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that date. Investments in associates An associated company is an entity over which the Company has significant influence and that is not a subsidiary. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Company has 20% to 50% of the voting rights unless other terms and conditions affect the Company’s influence. The investments in associates are accounted for using the equity method. Such investments are initially recognized at cost. Cost includes the purchase price and other costs directly attributable to the acquisition such as professional fees and transaction costs. Under the equity method, the interest in the investment is based on the Company’s proportional share of the associate’s equity, including any excess value and goodwill. The Company recognizes its share of net income, including depreciation and amortization of excess values and impairment losses, in “Share of profit from associated companies”. The financial statements of the associate are prepared for the same reporting period as the Company. When necessary, adjustments are made to bring the accounting policies in line with those of the Company. After application of the equity method, the Company determines whether it is necessary to recognize an impairment loss. Cash and cash equivalents Interest-bearing deposits that are highly liquid investments and have a maturity of three months or less when purchased are included in cash and cash equivalents when held for the purpose of meeting short-term cash commitments. Cash and cash equivalents are recorded at their nominal amount on the statement of financial position. 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 estimated useful lives and residual values are reviewed at least at each year end, with the effect of any changes in estimate accounted for on a prospective basis. We assume an estimated useful life of 20 years. Each vessel’s residual value is equal to the product of its lightweight tonnage and an estimated scrap rate per ton. 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 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 fitted to meet requirements of the IMO Sulphur Cap that took effect January 1, 2020 and are expected to have a life of three years from that date. Vessels under construction — pre-delivery installments The initial pre-delivery installments made for vessels are recorded in the statement of financial position as “Advances for vessels under construction” under Non-current assets. Vessels under construction are presented at cost less identified impairment losses, if any. Costs relating to vessels under construction include pre-delivery installments to the shipyard and other vessel costs incurred during the construction period that are directly attributable to construction of the vessels, including borrowing costs, if any, incurred during the construction period. 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 and time charter contracts” 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. Drydock costs include a variety of costs incurred during the drydock project, including expenses related to the drydock preparations, tank cleaning, gas-freeing and re-inerting, purchase of spare parts, stores and services, port expenses at the drydock location, general shipyard expenses, expenses related to hull and outfitting, external surfaces and decks, cargo and ballast tanks, engines, cargo systems, machinery, equipment and safety equipment on board the vessel as well as classification, Condition Assessment Program surveys and regulatory requirements. 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. Vessels held for sale Vessels are classified separately as held for sale as part of current assets in the statement of financial position when their carrying amount will be recovered through a sale of transaction rather than continuing use. For this to be the case, the asset must be available for immediate sale in its present condition and its sale must be highly probable. For the sale to be highly probable, the appropriate level of management must be committed to a plan to sell the asset, and an active program to locate a buyer and complete the plan must have been initiated. Further, the asset must be actively marketed for sale at a price that is reasonable in relation to its current fair value. In addition, the sale should be expected to qualify for recognition as a completed sale within one year from the date of classification. The probability of shareholders’ approval should be considered as part of the assessment of whether the sale is highly probable. Vessels classified as held for sale are measured at the lower of their carrying amount and fair value less cost to sell. 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. Property, plant and equipment other than vessels Property, plant and 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. Expected useful life is five years for furniture and fixtures and three years for computer equipment. Expected useful lives are reviewed annually. Ordinary repairs and maintenance costs are charged to the income statement during the financial period in which they are incurred. Major assets with different expected useful lives are reported as separate components. Property, plant and equipment are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset exceeds its recoverable amount. The difference between an asset’s carrying amount and its recoverable amount is recognized in the income statement as impairment. Property, plant and equipment that suffered impairment are reviewed for possible reversal of the impairment at each reporting date. Bunkers 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. Leases - DHT as lessee Effective from January 1, 2019, the Company adopted the new accounting standard IFRS 16 using the modified retrospective method. IFRS 16 introduced a comprehensive model for the identification of lease arrangements and accounting treatments for both lessors and lessees. The Company currently has one category of lease related to leased office space in Monaco, Norway and Singapore where the Company is a lessee. The Company assesses whether a contract is or contains a lease at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low-value assets. For these leases, the Company recognizes the lease payment as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. The lease liability is initially measured at present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. 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 Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: • The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. • The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). • A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. • The right-of-use 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. They are subsequently measured at cost less accumulated depreciation and impairment losses. • Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. 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 and the lease components are accounted for in accordance with IFRS 16. 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 as per IFRS 16. 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, quarterly or semi-annually in arrears and recognized as revenue in the period in which it was earned in accordance with IFRS 16. Revenues from spot charterers are recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Revenues from spot charterers are accounted for under IFRS 15. 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 income refers to income earned as part of operational activities which do not arise in the course of the Company’s ordinary activities, thus not categorized as revenue. Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port if they qualify as fulfilment cost under IFRS 15. 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 are classified as either financial liabilities “at fair value through profit or loss” (FVTPL) or “other financial liabilities”. The FVTPL category is comprised of the Company’s derivatives. Any other liabilities of the Company, such as, accounts payable and accrued expenses, other current and non-current liabilities, and long-term debt, are classified as “other financial liabilities”. (a) Other financial liabilities Other financial liabilities, including debt, are initially measured at fair value, net of transaction costs. Other 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. (b) Derivatives The Company uses interest rate swaps to convert part of the interest-bearing debt from floating to fixed rate. Derivatives are initially recognized at fair value at the date a derivative contract is entered into and are subsequently re-measured to their fair value at each reporting date. Any resulting gain or loss is recognized in profit or loss immediately. The interest rate swaps do not qualify for hedge accounting. Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions. Fair value is an exit price regardless of whether that price is directly observable or estimated using another valuation technique. Financial assets — 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. 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 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. Other assets than those described above are classified as non-current assets. Where the Company holds a derivative as an economic hedge (even if hedge accounting is not applied) for a period beyond 12 months after the reporting date, the derivative is classified as non-current (or separated into current and non-current). 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. 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 and Singapore 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. Stock Compensation Employees of the Company receive remuneration in the form of restricted common stock that is subject to vesting conditions. Equity-settled share-based payment is measured at the fair value of the equity instrument at the grant date. The fair value determined at the grant date is expensed over the vesting period, based on the Company’s estimate of equity instruments that will eventually vest. Pension For defined benefit retirement plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial valuations being carried out at the end of each reporting period. Remeasurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling (if applicable) and the return on plan assets (excluding interest), is reflected immediately in the statement of financial position with a charge or credit recognized in other comprehensive income in the period in which it occurs. Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to profit or loss. Past service cost is recognized in profit or loss in the period of a plan liability or asset. The retirement benefit obligation recognized in the consolidated statement of financial position represents the actual deficit or surplus in the Company’s defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any economic benefit available in the form of refunds from the plans or reductions in future contributions to the plans. Segment information As the Company’s business is limited to operating a fleet of crude oil tankers, management has organized the entity as one segment based upon the service provided. Consequently, the Company has one operating segment as defined in IFRS 8, Operating Segments. Use of estimates 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 have been applied are: • Depreciation • Drydock period • Value in use 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 A number of new standards and amendments were effective as of January 1, 2021, but they did not have a material effect on the Company’s 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: Classification of Liabilities as Current or Non-current In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: o What is meant by a right to defer settlement o That a right to defer must exist at the end of the reporting period o That classification is unaffected by the likelihood that an entity will exercise its deferral right o That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification The amendments are effective for annual reporting periods beginning on or after January 1, 2023 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. Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements, in which it provides 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 to IAS 1 are applicable for annual periods beginning on or after January 1, 2023 with earlier application permitted. Since the amendments to the Practice Statement 2 provide non-mandatory guidance on the application of the definition of material to accounting policy information, an effective date for these amendments is not necessary. The Company is currently assessing the amendments to determine the impact they will have on the Company’s accounting policy disclosures

Segment information

Segment information	12 Months Ended
Segment information	Dec. 31, 2021
Segment information [Abstract]
Segment information	Note 3 - Segment information Operating Segments: Since DHT’s business is limited to operating a fleet of crude oil tankers, management has organized and manages the entity as one segment based upon the service provided. The Company’s chief operating decision makers (“CODM”), being the Chief Executive Officers, review the Company’s operating results on a consolidated basis as one operating segment as defined in IFRS 8, Operating Segments. Entity-wide disclosures: Information about major customers: As of December 31, 2021, the Company had 26 vessels in operation of which seven were on time charters and 19 were vessels operating in the spot market. 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 revenues. The five customers in aggregate represented $157,601 thousand, equal to 53 percent of the total revenue of $295,853 thousand for the period from January 1, 2021 to December 31, 2021. For the period from January 1, 2020 to December 31, 2020, five customers represented $78,513 thousand, $57,777 thousand, $55,371 thousand, $53,711 thousand, and $37,670 thousand, respectively, of the Company’s revenues. The five customers in aggregate represented $283,042 thousand, equal to 41 percent of the total revenue of $691,039 thousand for the period from January 1, 2020 to December 31, 2020. For the period from January 1, 2019 to December 31, 2019, five customers represented $84,067 thousand, $79,161 thousand, $73,629 thousand, $39,477 thousand, and $34,786 thousand, respectively, of the Company’s revenues. The five customers in aggregate represented $311,120 thousand, equal to 58 percent of the total revenue of $535,068 thousand for the period from January 1, 2019 to December 31, 2019.

Charter arrangements

Charter arrangements	12 Months Ended
Charter arrangements	Dec. 31, 2021
Charter arrangements [Abstract]
Charter arrangements	Note 4 — Charter arrangements The below table details the Company’s shipping revenues: (Dollars in thousands) 2021 2020 2019 Time charter revenues* $ 140,730 $ 182,663 $ 57,472 Voyage charter revenues 155,124 508,375 477,595 Shipping revenues $ 295,853 $ 691,039 $ 535,068 * Time charter revenue is presented in accordance with IFRS 16 Leases, Revenue from Contracts with Customers. The following summarizes the Company’s vessel employment as of December 31, 2021 Vessel Type of Employment Expiry VLCC DHT Amazon Time charter with profit sharing Q2 2023 DHT Bauhinia Spot DHT Bronco Spot DHT China Spot DHT Colt Time charter Q3 2022 DHT Edelweiss Spot DHT Europe Spot DHT Falcon Spot DHT Hawk Spot DHT Harrier Time charter Q4 2024 DHT Jaguar Spot DHT Leopard Spot DHT Lion Spot DHT Lotus Spot DHT Mustang Time charter Q3 2022 DHT Opal Spot DHT Osprey Spot DHT Panther Spot DHT Peony Spot DHT Puma Spot DHT Redwood Spot DHT Scandinavia Spot DHT Stallion Time charter Q2 2022 DHT Sundarbans Time charter with profit sharing Q1 2022 DHT Taiga Time charter with profit sharing Q4 2022 DHT Tiger 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: (Dollars in thousands) Year Amount 2022 $ 53,118 2023 16,785 2024 10,039 Thereafter — Net charter payments $ 79,942 The future net charter payments were $122,313 thousand for the year ending December 31, 2020, and $91,556 thousand for the year ending December 31, 2019. Any extension periods, unless already exercised as of December 31, 2021, are not included. 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 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 notes 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 years due to the short-term nature of the advances. The Company had not received any hire payments for future periods at year end December 31, 2018. (Dollars in thousands) 2021 2020 2019 Deferred shipping revenues $ 4,865 $ 16,236 $ 930 Capitalized voyage expenses Voyage expenses are capitalized (Dollars in thousands) 2021 2020 2019 Capitalized voyage expenses $ 1,395 $ 1,039 $ 4,151 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. During Concentration of risk As of December 31, 2021, seven of the Company’s 26 vessels were chartered to 5 different counterparties and 19 vessels were operated in the spot market. As of December 31, 2020, 18 of the Company’s 27 vessels were chartered to 10 different counterparties and nine vessels were operated in the spot market. As of December 31, 2019, five of the Company’s 27 vessels were chartered to four different counterparties and 22 vessels were operated in the spot market. The Company believes that the concentration of risk is limited and can be adequately monitored.

Earnings per share ("EPS")

Earnings per share ("EPS")	12 Months Ended
Earnings per share ("EPS")	Dec. 31, 2021
Earnings per share ("EPS") [Abstract]
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 stock options and restricted shares using the treasury stock method. The components of the calculation of basic EPS and diluted EPS are as follows: (Dollars in thousands) 2021 2020 2019 Profit/(loss) for the period used for calculation of EPS - basic $ (11,521 ) $ 266,266 $ 73,679 Interest and amortization on the convertible notes $ - $ 6,766 $ 12,177 Profit/(loss) for the period used for calculation of EPS - dilutive $ (11,521 ) $ 273,032 $ 85,856 Basic earnings per share: Weighted average shares outstanding - basic 169,089,325 155,712,886 143,437,164 Diluted earnings per share: Weighted average shares outstanding - basic 169,089,325 155,712,886 143,437,164 Dilutive equity awards * - 65,873 133,342 Dilutive shares related to convertible notes - 14,275,217 24,589,370 Weighted average shares outstanding - dilutive 169,089,325 170,053,975 168,159,876 *In 2021, 77,546 equity awards were not included in the calculation of the dilutive weighted average shares outstanding due to being anti-dilutive

Vessels and subsidiaries

Vessels and subsidiaries	12 Months Ended
Vessels and subsidiaries	Dec. 31, 2021
Vessels and subsidiaries [Abstract]
Vessels and subsidiaries	Note 6 - Vessels and 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 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. The following table sets out the details of the vessel subsidiaries included in these consolidated financial Company Vessel name Dwt Flag State Year Built 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 DHT Opal Inc DHT Opal 320,105 Hong Kong 2012 Samco Theta Ltd DHT Sundarbans 314,249 RIF 2012 Samco Iota Ltd DHT Taiga 314,249 Hong Kong 2012 DHT Peony Inc DHT Peony 320,013 Hong Kong 2011 DHT Lotus Inc DHT Lotus 320,142 Hong Kong 2011 Samco Eta Ltd DHT Amazon 314,249 RIF 2011 Samco Kappa Ltd DHT Redwood 314,249 Hong Kong 2011 DHT Edelweiss Inc DHT Edelweiss 301,021 Hong Kong 2008 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 DHT Hawk Inc DHT Hawk 298,923 Hong Kong 2007 Samco Gamma Ltd DHT Scandinavia 317,826 Hong Kong 2006 DHT Falcon Inc DHT Falcon 298,971 Hong Kong 2006 DHT Lake Inc DHT Lake* 298,564 Hong Kong 2004 DHT Raven Inc DHT Raven* 298,563 Hong Kong 2004 DHT Condor, Inc. DHT Condor* 320,050 Hong Kong 2004 * In 2021, the Company entered into three separate agreements to sell its three 2004 built VLCCs, DHT Raven, DHT Lake and DHT Condor, for an aggregate of $88.75 million. DHT Raven was delivered in April, DHT Lake was delivered in May, and DHT Condor was delivered in July 2021. A gain of $15.2 million was recorded in relation to the sale of these VLCCs. Vessels and time charter contracts (Dollars in thousands) Vessels Drydock Scrubbers Time charter contracts Total Cost As of January 1, 2021 2,020,690 51,843 51,071 6,600 2,130,204 Additions 66,531 139 1,486 - 68,156 Transferred from vessels upgrades 75,417 30,158 17,333 - 122,907 Disposals (110,713 ) (27,772 ) (10,579 ) (6,600 ) (155,664 ) As of December 31, 2021 2,051,924 54,368 59,311 - 2,165,604 Accumulated depreciation and impairment As of January 1, 2021 (596,709 ) (30,880 ) (20,032 ) (6,148 ) (653,769 ) Charge for the period (94,700 ) (13,270 ) (19,322 ) (452 ) (127,743 ) Disposals 44,905 26,383 5,866 6,600 83,754 As of December 31, 2021 (646,504 ) (17,766 ) (33,488 ) - (697,758 ) Net book value As of December 31, 2021 1,405,420 36,602 25,824 - 1,467,846 Cost As of January 1, 2020 2,015,795 50,868 42,482 6,600 2,115,745 Transferred from vessels upgrades 4,896 9,480 8,589 - 22,964 Disposals - (8,505 ) - - (8,505 ) As of December 31, 2020 2,020,690 51,843 51,071 6,600 2,130,204 Accumulated depreciation and impairment As of January 1, 2020 (487,996 ) (26,629 ) (6,507 ) (5,170 ) (526,301 ) Charge for the period (96,153 ) (12,756 ) (13,525 ) (978 ) (123,412 ) Impairment charges (12,560 ) - - - (12,560 ) Disposals - 8,505 - - 8,505 As of December 31, 2020 (596,709 ) (30,880 ) (20,032 ) (6,148 ) (653,769 ) Net book value As of December 31, 2020 1,423,981 20,963 31,039 452 1,476,436 Vessel upgrades As of January 1, 2021 2,788 3,265 11,216 - 17,269 Additions 72,861 27,033 6,117 - 106,010 Transferred to vessels (75,417 ) (30,158 ) (17,333 ) - (122,907 ) As of December 31, 2021 232 140 - - 372 As of January 1, 2020 1,371 - 10,281 - 11,652 Additions 6,313 12,745 9,524 - 28,581 Transferred to vessels (4,896 ) (9,480 ) (8,589 ) - (22,964 ) As of December 31, 2020 2,788 3,265 11,216 - 17,269 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 through the accounting year 2022, reflecting the period they are expected to be of use providing economical values. Recycling Policy The Company upholds the following policy with respect to retiring a ship from its trading life: 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 year ended December 31, 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. For the year ended December 31, 2020, impairment indicators were identified for some of our vessels due to an overall assessment of external and internal factors, and thus the Company performed further testing to determine the recoverable amount of the cash generating units. When determining the recoverable amount of the cash generating units, management applies a significant level of judgment when determining the assumptions used to calculate the value in use for each cash generating unit, especially regarding the expected future charter rates and the weighted average cost of capital. Although current charter rates are observable and there is some available information about expected future charter rates, history has proven that the charter rates are seasonal in nature and volatile. In developing estimates of future cash flows, we must make significant assumptions about future use of vessels, ship operating expenses, drydocking expenditures, utilization rate, fixed commercial and technical management fees, residual value of vessels and the estimated remaining useful lives of the vessels in addition to the future charter rates and weighted average cost of capital as described above. These assumptions are based on historical trends and current market conditions as well as future expectations. Estimated outflows for ship operating expenses and drydocking expenditures are based on a combination of historical and budgeted costs and are adjusted for assumed inflation. Utilization, including estimated off-hire time, is based on historical experience. The more significant factors that could impact management’s assumptions regarding time charter equivalent rates include (i) unanticipated changes in demand for transportation of crude oil cargoes, (ii) changes in production or supply of or demand for oil, generally or in specific geographical regions, (iii) the levels of tanker newbuilding orders or the levels of tanker scrappings, (iv) changes in rules and regulations applicable to the tanker industry, including legislation adopted by international organizations such as the IMO or by individual countries and vessels’ flag states, (v) changes in our vessels’ relative exposure to the spot and time charter markets and (vi) the prevalence of profit sharing arrangements in our time charter contracts. When calculating the charter rate to use for a particular vessel class in its impairment testing, we rely on the contractual rates currently in effect for the remaining term of existing charters and estimated daily time charter equivalent rates for each vessel class for the unfixed days over the estimated remaining useful lives of each of the vessels as described below. For the year ended December 31, 2020, the Company recorded a non-cash impairment charge of $12.6 million related to three vessels, DHT China with $2.8 million, DHT Europe with $6.3 million and DHT Scandinavia with $3.5 million, respectively. The recoverable amount as of December 31, 2020 was $38.4 million for DHT China, $38.0 million for DHT Europe and $40.4 million for DHT Scandinavia, respectively. In the fourth quarter of 2020, we adjusted the carrying value of DHT China, DHT Europe and DHT Scandinavia through a non-cash impairment charge of $7.6 million. The impairment test was performed using an estimated WACC of 8.59%. As DHT operates in a non-taxable environment specific to shipping revenues, the WACC is the same on a before- and after-tax basis. The rates used for the impairment testing were as follows: (a) the current Forward Freight Agreements (“FFA”) for the first two years, estimated by Braemar ACM Shipbroking, and (b) the 25-year historical average spot rates as reported by Clarksons Shipping Intelligence thereafter. The Company’s decision to use FFA rates for the first two years was based on the Company’s exposure to the spot market and the limited market availability of FFA rates beyond the first two years. The Company’s determination to use historical average spot rates rather than time charter rates was based on the Company’s exposure to the spot market, including the prevalence of profit sharing arrangements in time charter contracts. The Company’s determination to use the 25-year historical average for spot rates was based on the Company’s belief that such time period provides a rate that is most representative of longer-term performance as it mitigates the impact of the highly cyclical nature of the tanker industry. The time charter equivalent FFA rates used for the impairment test as of December 31, 2020 for the VLCCs was $19,610 per day for 2021 and $25,279 per day for 2022. Thereafter, the time charter equivalent rate used for the VLCCs was $42,466. The above rates were reduced by 20% for vessels above the age of 15 years based on lower earnings for the Company’s older vessels due to (a) charterers demanding lower rates for older vessels, (b) longer waiting time for cargo for older vessels as charterers prefer the younger vessels and (c) older vessels being less fuel-efficient. Also, reflecting the lower fuel consumption for modern vessels, $4,000 per day has been added through 2022 for VLCCs built in 2015 and later, and $4,000 per day has been added through 2022 for VLCCs with exhaust gas cleaning systems. For vessels on charter we assumed the contractual rate for the remaining term of the charter. The most sensitive and/or subjective assumptions that have the potential to affect the outcome of the impairment assessment for the vessels are the WACC and the future rates. Decreasing the WACC by 0.5% would decrease the impairment charge by $1.5 million. Increasing/decreasing the future rates by $500 per day would decrease/increase the impairment charge by $1.4 million. In the third quarter of 2020, we adjusted the carrying value of DHT China, DHT Europe and DHT Scandinavia through a non-cash impairment charge of $4.9 million. The impairment test was performed using an estimated WACC of 8.12%. The time charter equivalent FFA rates used for the impairment test as of September 30, 2020 for the VLCCs was $20,107 per day for the fourth quarter of 2020, $21,550 per day for 2021 and $21,194 per day for the first three quarters of 2022. Thereafter, the time charter equivalent rate used for the VLCCs was $42,557. The above rates were reduced by 20% for vessels above the age of 15 years based on lower earnings for the Company’s older vessels due to (a) charterers demanding lower rates for older vessels, (b) longer waiting time for cargo for older vessels as charterers prefer the younger vessels and (c) older vessels being less fuel-efficient. Also, reflecting the lower fuel consumption for modern vessels, $4,000 per day has been added through 2022 for VLCCs built in 2015 and later, and $3,000 per day has been added through 2022 for VLCCs with exhaust gas cleaning systems. For vessels on charter we assumed the contractual rate for the remaining term of the charter. For the year ended December 31, 2019, 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. Intangible assets Time charter contracts Expected useful life Carrying amount (Dollars in thousands) 2021 2020 DHT China charter Finite - 452 Total - 452 Intangible assets with a finite expected useful life are as a general rule amortized on a straight-line basis over the expected useful life. The amortization period of the intangible asset expired in June 2021. The time charter contract was presented on the same line as vessels in the statement of financial position for the year ended December 31, 2020. Pledged assets As of December 31, 2021, all of the Company’s 26 vessels were pledged as collateral under the Company’s secured credit facilities. Technical Management Agreements The Company has entered into agreements with technical managers which are responsible for the technical operation and upkeep of the vessels, including crewing, maintenance, repairs and drydockings, maintaining required vetting approvals and relevant inspections, and to ensure DHT’s fleet complies with the requirements of classification societies as well as relevant governments, flag states, environmental and other regulations. Under the ship management agreements, each vessel subsidiary pays the actual cost associated with the technical management and an annual management fee for the relevant vessel.

Accounts payable and accrued ex

Accounts payable and accrued expenses	12 Months Ended
Accounts payable and accrued expenses	Dec. 31, 2021
Accounts payable and accrued expenses [Abstract]
Accounts payable and accrued expenses	Note 7 - Accounts payable and accrued expenses Accounts payable and accrued expenses consist of the following: (Dollars in thousands) 2021 2020 Accounts payable $ 11,111 $ 2,811 Accrued interest 510 719 Accrued voyage expenses 2,426 1,593 Accrued employee compensation 1,712 4,176 Other* 3,903 9,204 Total accounts payable and accrued expenses $ 19,662 $ 18,503 *Other includes accrued operating expenses and accrued capital expenditures.

Financial instruments

Financial instruments	12 Months Ended
Financial instruments	Dec. 31, 2021
Financial instruments [Abstract]
Financial instruments	Note 8 - Financial instruments Categories of financial instruments (Dollars in thousands) Carrying amount Financial assets 2021 2020 Cash and cash equivalents (1)(3) $ 60,658 $ 68,641 Accounts receivable and accrued revenues (1) 30,361 30,060 Total financial assets $ 91,018 $ 98,700 Financial liabilities Accounts payables and accrued expenses (1) $ 19,662 $ 18,503 Derivative financial liabilities, current (2) 7,002 9,073 Current portion long-term debt (1) 9,792 3,396 Long-term debt (1) 512,507 446,562 Derivative financial liabilities, non-current (2) 4,222 14,601 Total financial liabilities $ 553,184 $ 492,135 (1) Amortized cost. (2) Fair value through profit or loss. (3) Cash and cash equivalents include $289 thousand in restricted cash in 2021 and $299 thousand in 2020, 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 It is only derivatives that are classified within a fair value measurement category and recognized at fair value in the statement of financial position. Fair value measurement is based on Level 2 in the fair value hierarchy as defined in IFRS 13 Fair Value Measurement. Derivatives - interest rate swaps Notional amount Fair value (Dollars in thousands) Expires 2021 2020 2021 2020 Swap pays 2.987 Apr. 20, 2023 $ 39,600 42,000 1,173 2,541 Swap pays 3.012 Apr. 20, 2023 $ 39,600 42,000 1,185 2,564 Swap pays 3.019 Sept. 29, 2023 $ 28,176 30,743 1,017 2,131 Swap pays 3.019 Sept. 29, 2023 $ 27,262 29,829 982 2,060 Swap pays 2.8665 Sep. 29, 2023 $ 43,690 46,260 1,509 3,147 Swap pays 2.8785 Jun. 30, 2023 $ 38,106 40,673 1,162 2,513 Swap pays 2.885 Sept. 29, 2023 $ 43,048 45,618 1,504 3,139 Swap pays 2.897 Sept. 30, 2023 $ 38,284 40,851 1,339 2,792 Swap pays 3.020 Sept. 29, 2023 $ 36,600 39,167 1,353 2,786 Total carrying amount $ 334,365 357,141 11,224 23,673 Interest-bearing debt (Dollars in thousands) Interest Remaining notional Carrying amount 2021 2020 Credit Agricole Credit Facility LIBOR + 2.19 % 35,136 35,002 37,626 Danish Ship Finance Credit Facility LIBOR + 2.00 % 33,973 33,683 36,015 Nordea Credit Facility LIBOR + 1.90 % 231,300 225,214 109,423 ABN Amro Credit Facility LIBOR + 2.40 % 230,067 228,400 266,895 Total carrying amount 530,477 522,299 449,959 As of December 31, 2021, $78.7 million was undrawn under the Nordea Credit Facility and $100.0 million was undrawn under the ABN AMRO 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 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, 2021 Financing cash flows (1) Amortization Equity component of convertible notes Other changes (2) As of December 31, 2021 Bank loans (3) 449,959 72,840 2,550 (3,049 ) 522,299 Office leases (4) 4,060 (611 ) (164 ) 3,285 Total (5) 454,019 72,228 2,550 - (3,213 ) 525,584 Non-cash changes As of January 1, 2020 Financing cash flows (1) Amortization Equity component of convertible notes Other changes (2) As of December 31, 2020 Bank loans (3) 734,404 (286,733 ) 2,288 449,959 Convertible Senior Notes due 2021 116,568 3,250 (119,818 ) - Office leases (4) 2,846 (467 ) 1,681 4,060 Total (5) 853,817 (287,199 ) 5,538 (119,818 ) 1,681 454,019 (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. (2) Other changes for the year 2021 represent gain on modification of debt, including previously capitalized fees and foreign exchange effects during the year related to IFRS 16 Leases Leases (3) As of December 31, 2021, bank loans consist of current portion long-term debt of $9,792 thousand and long-term debt of $512,507 thousand. As of December 31, 2020, bank loans consist of current portion long-term debt of $3,396 thousand and long-term debt of $446,562 thousand. (4) As of December 31, 2021, office leases consist of current liabilities of $624 thousand and $2,661 thousand of non-current liabilities. As of December 31, 2020, office leases consist of current liabilities of $721 thousand and $3,339 thousand of non-current liabilities. The remaining balance of non-current liabilities consist of pensions for both 2021 and 2020, respectively. (5) The reconciliation does not include interest rate swaps, which are described in note 8.

Financial risk management, obje

Financial risk management, objectives and policies	12 Months Ended
Financial risk management, objectives and policies	Dec. 31, 2021
Financial risk management, objectives and policies [Abstract]
Financial risk management, objectives and policies	Note 9 - Financial risk management, objectives and policies Financial risk management The Company’s principal financial liabilities consist of long-term debt, and, when applicable, current portion of long-term debt and derivatives. The main purpose of these financial liabilities is to finance the Company’s operations. The Company’s financial assets mainly comprise cash. The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the management of these risks. Market risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise four types of risk: interest rate risk, currency risk, commodity price risk and other price risk. Financial instruments affected by market risk are debt, deposits and derivative financial instruments. a) Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s exposure to the risk of changes in interest rates relates primarily to the Company’s long-term debt with floating interest rates. To manage this risk, the Company has at times entered into interest rate swaps in which the Company agrees to exchange, at specified intervals, the difference between fixed and variable rate interest amounts calculated by reference to an agreed-upon notional principal amount. As of December 31, 2021, the Company had nine interest rate swaps with a total aggregate notional amount of $334,365 thousand as discussed in Note 8. Interest rate risk sensitivity The sensitivity analyses below have been determined based on the exposure to interest rates for both derivatives and floating rate long-term debt. For floating rate long-term debt, the analysis is prepared assuming the amount of liability outstanding at the reporting date was outstanding for the whole year. 2021: If interest rates had been 50 basis points higher/lower and all other variables were held constant, the Company’s: ● profit for the year ended December 31, 2021 would decrease/increase by $981 thousand; and ● other comprehensive income would not be affected. 2020: If interest rates had been 50 basis points higher/lower and all other variables were held constant, the Company’s: ● profit for the year ended December 31, 2020 would decrease/increase by $488 thousand; and ● other comprehensive income would not be affected. 2019: If interest rates had been 50 basis points higher/lower and all other variables were held constant, the Company’s: ● loss for the year ended December 31, 2019 would decrease/increase by $1,805 thousand; and ● other comprehensive income would not be affected. b) Foreign currency risk Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company has only immaterial currency risk since all revenue and major expenses, including all vessel expenses and financial expenses, are in US dollars. Consequently, no sensitivity analysis is prepared. Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations, resulting in financial loss to the Company. The Company is exposed to credit risk from its operating activities (primarily for trade receivables) and from its financing activities, including deposits with banks and financial institutions. Credit risks related to receivables During 2021, the Company’s vessels were either trading in the spot market or on short to medium term time charters to different counterparties. As of December 31, 2021, seven of the Company’s 26 vessels are chartered to five different counterparties and 19 vessels are operated in the spot market. During 2020, the Company’s vessels were either trading in the spot market or on short to medium term time charters to different counterparties. As of December 31, 2020, 18 of the Company’s 27 vessels are chartered to 10 different counterparties and nine vessels are operated in the spot market. During 2019, the Company’s vessels were either trading in the spot market or on short to medium term time charters to different counterparties. As of December 31, 2019, five of the Company’s 27 vessels are chartered to four different counterparties and 22 vessels are operated in the spot market. See Note 5 for further details on employment of the Company’s vessels. Time charter hire is paid to DHT monthly in advance. Credit risk related to cash and cash equivalents and accounts receivables The Company seeks to diversify credit risks on cash by holding the majority of the cash in six financial institutions, namely, DNB, Nordea, Credit Agricole, OCBC, ABN AMRO and CFM Indosuez. As of December 31, 2021, five customers represented $10,317 thousand, $5,164 thousand, $5,156 thousand, $2,999 thousand and $2,411 thousand, respectively, of the Company’s accounts receivables. 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) 2021 2020 Cash and cash equivalents $ 60,658 $ 68,641 Accounts receivable and accrued revenues 30,361 30,060 Maximum credit exposure $ 91,018 $ 98,700 Liquidity risk The Company manages its risk of a shortage of funds by continuously monitoring maturity of financial assets and liabilities, and projected cash flows from operations such as charter hire, voyage revenues and vessel operating expenses. Certain of our credit agreements contain financial covenants requiring that at all times the borrowings under the credit facilities plus the actual or notional cost of terminating any of their interest rates swaps not exceed a certain percentage of the charter-free market value of the vessels that secure each of the credit facilities. Vessel values are volatile and a decline in vessel values could result in prepayments under the Company’s credit facilities. The following are contractual maturities of financial liabilities, including estimated interest payments on an undiscounted basis. Swap payments are the net effect from paying fixed rate/ receive LIBOR. The LIBOR interest spot rate at December 31, 2021 (and spot rate at December 31, 2020 for comparatives) is used as a basis for preparation. As of December 31, 2021 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 24,112 $ 430,136 $ 120,724 $ 574,973 Interest rate swaps 8,929 4,961 - 13,890 Total $ 33,041 $ 435,097 $ 120,724 $ 588,863 As of December 31, 2020 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 19,110 $ 475,441 $ - $ 494,552 Interest rate swaps 8,541 12,415 - 20,956 Total $ 27,651 $ 487,857 $ - $ 515,507 Impact of the COVID-19 pandemic The COVID-19 pandemic introduced uncertainty into global economic activity and, as such, our operational and financial activities. The COVID-19 pandemic caused lower demand for oil and thus lower demand for oil transportation. Demand has begun to recover and leading energy agencies forecast the recovery to reach pre-pandemic levels within 2022. Our business has also been impacted by the COVID-19 pandemic through operational challenges related to our seafarers and our ability to change crew at regular intervals. There are still restrictions affecting crew changes with transit and quarantine procedures and a limited number of geographical options to execute crew changes. As of the date of this report, all our seafarers are fully vaccinated at the time of when they join a vessel, as is the majority of our onboard sailing crew. It remains difficult to estimate the future impact of the pandemic, and hence the impact these factors might have on the financial statements. Capital management A key objective in relation to capital management is to ensure that the Company maintains a capital structure suitable to support its business. The Company evaluates its capital structure in light of current and projected cash flows, the cyclicality and the relative strength or weakness of the shipping markets, new business opportunities and the Company’s financial commitments. In order to maintain or adjust the capital structure, the Company may adjust or eliminate the amount of dividends paid to shareholders, issue new shares or sell assets to reduce debt. The Company is within its financial covenants stipulated in its credit agreements. Credit Agricole Credit Facility On June 22, 2015, we entered into the Credit Agricole Credit Facility with Credit Agricole to refinance the outstanding amount under a credit agreement with Credit Agricole that financed DHT Scandinavia (“Tranche A”) as well as a financing commitment of up to $50 million to fund the acquisition of one VLCC from HHI (“Tranche B”). The Credit Agricole Credit Facility is between and among Credit Agricole, as lender, the Credit Agricole Borrowers, and DHT Holdings, Inc., as guarantor. Samco Gamma Ltd. was permitted to borrow the full amount of Tranche A. In 2016, in advance of the delivery of DHT Tiger from HHI on January 16, 2017, we borrowed $48.7 million under Tranche B. Borrowings bear interest at a rate equal to LIBOR + 2.1875%. Subsequent to a voluntary prepayment of $5.0 million in June 2016 and the prepayment of the outstanding loan on DHT Scandinavia, totaling $12.7 million, in September 2020, Tranche B is repayable in 28 quarterly installments of $0.7 million from March 2017 to December 2023 and a final payment of $29.7 million in December 2023. The Credit Agricole Credit Facility contains a covenant requiring that at all times the charter-free market value of the vessel that secures the Credit Agricole Credit Facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the Credit Agricole Credit Facility, DHT, on a consolidated basis, shall maintain a value adjusted tangible net worth of $200 million, the value adjusted tangible net worth shall be at least 25% of the value adjusted total assets, unencumbered consolidated cash shall be at least the higher of (i) $20 million and (ii) 6% of our gross interest-bearing debt and DHT, on a consolidated basis shall have working capital greater than zero. “Value adjusted” is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company’s vessel (as determined quarterly by an approved broker). The Credit Agricole Credit Facility is secured by, among other things, a first-priority mortgage on DHT Tiger, a first-priority assignment of earnings, insurances and intercompany claims, a first-priority pledge of the balances of the Borrower’s bank accounts and a first-priority pledge over the shares in the Borrower. The Credit Agricole Credit Facility contains covenants that prohibit the Borrower from, among other things, incurring additional indebtedness without the prior consent of the lender, permitting liens on assets, merging or consolidating with other entities or transferring all or any substantial part of their assets to another person. Danish Ship Finance Credit Facility In November 2014, we entered into a credit facility in the amount of $49.4 million to fund the acquisition of one of the VLCCs to be constructed at HHI through a secured term loan facility between and among Danish Ship Finance A/S, as lender, a wholly owned special purpose vessel-owning subsidiary, as borrower, and DHT Holdings, Inc., as guarantor (the “Danish Ship Finance Credit Facility”). The full amount of the Danish Ship Finance Credit Facility was borrowed in November 2015. In April 2020, we agreed to a $36.4 million refinancing with Danish Ship Finance A/S. The refinancing was in direct continuation to the original loan and is a five-year term loan with final maturity in November 2025. Borrowings bear interest at a rate equal to LIBOR + 2.00% and are repayable in 10 semiannual The Danish Ship Finance Credit Facility contains a covenant requiring that at all times the charter-free market value of the vessel that secures the Danish Ship Finance Credit Facility be no less than 135% of borrowings. Also, we covenant that, throughout the term of the Danish Ship Finance Credit Facility, DHT, on a consolidated basis, shall maintain a value adjusted tangible net worth of $300 million, the value adjusted tangible net worth shall be at least 25% of value adjusted total assets and unencumbered consolidated cash shall be at least the higher of (i) $30 million and (ii) 6% of our gross interest-bearing debt. “Value adjusted” is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company’s vessels (as determined quarterly by an approved broker). Nordea Credit Facility In April 2017, we entered into a secured six-year credit facility in the amount of $300 million with Nordea, DNB, ABN AMRO, Danish Ship Finance, ING, SEB and Swedbank, as lenders, several wholly owned special-purpose vessel-owning subsidiaries as borrowers, and DHT Holdings, Inc., as guarantor (the “Old Nordea Credit Facility”), for the financing of the cash portion of the acquisition of BW Group’s VLCC fleet as well as the remaining installments under the two newbuilding contracts. $204 million of the $300 million credit facility was borrowed during the second quarter of 2017 in connection with delivery of the nine VLCCs in water from BW. The remaining $96 million was borrowed in connection with the delivery of DHT Stallion and DHT Colt in the second quarter of 2018. Borrowings bore interest at a rate equal to LIBOR + 2.40%. Subsequent to the sale of DHT Utah in November 2017 and DHT Utik in January 2018, the delivery of DHT Stallion in April 2018 and DHT Colt in May 2018, the prepayment of DHT Lake and DHT Raven in November 2019, the prepayment of $35 million in March 2019, the prepayment of $37.0 million in August 2020 and the drawdown of $15 million in January 2021 and $50 million in February 2021 in connection with the acquisition of two VLCCs, the quarterly installments were $4.2 million with a final payment of $147.3 million in the second quarter of 2023. In September 2018, DHT secured commitment to a $50 million financing of exhaust gas cleaning systems structured through an increase of the $300 million Old Nordea Credit Facility. Borrowings under the increased facility bore the same interest rate equal to LIBOR + 2.40%. In connection with the prepayment of DHT Lake and DHT Raven in November 2019, the financing tranche for exhaust gas cleaning systems was reduced to $45 million. In May and November 2020, the Company prepaid $25.8 million and $25.8 million, respectively, under the Old Nordea Credit Facility. The voluntary prepayments were made for all regular installments for 2021 and 2022, respectively. In January 2021 and February 2021, the Company drew down $15 million and $50 million, respectively, under the Nordea revolving credit facility tranche in relation to the purchase of DHT Harrier. In May 2021, the Company entered into a new secured credit agreement with Nordea, ABN, Credit Agricole, DNB, Danish Ship Finance, ING and SEB, as lenders, several wholly owned special-purpose vessel-owning subsidiaries as borrowers, and DHT Holdings, Inc., as guarantor (the “Nordea Credit Facility”) for a new $316.2 million credit facility with Nordea as agent. The Nordea Credit Facility consists of a $119.8 million term loan and a $196.4 million revolving credit facility, of which $60 million is subject to quarterly reductions through the term of the facility. In June 2021, the Company drew down $233.8 million under the Nordea Credit Facility and repaid the total outstanding under the Old Nordea Credit Facility, amounting to $175.9 million. Borrowings bear interest at a rate equal to LIBOR + 1.90%, and the facility has final maturity in January 2027. In connection with the cessation of LIBOR in 2023, in September 2021, Nordea granted DHT an extension on the requirement under the Nordea Credit Facility to establish a benchmark replacement for LIBOR until November 2022. Additionally, the facility includes an uncommitted accordion of $250.0 million. The credit facility is repayable in quarterly installments of $1.3 million through the fourth quarter of 2022. From the first quarter of 2023, the quarterly installments will be $6.6 million, with a final payment of $114.0 million in addition to the last installment of $5.9 million due in the first quarter of 2027. The credit facility is secured by, among other things, a first-priority mortgage on the vessels financed by the credit facility, a first-priority assignment of earnings, insurances and intercompany claims, a first-priority pledge of the balances of each of the borrowers’ bank accounts and a first-priority pledge over the shares in each of the borrowers. The credit facility contains covenants that prohibit the borrowers from, among other things, incurring additional indebtedness without the prior consent of the lenders, permitting liens on assets, merging or consolidating with other entities or transferring all or any substantial part of their assets to another person. The credit facility also contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain a value adjusted tangible net worth of $300 million, the value adjusted tangible net worth shall be at least 25% of the value adjusted total assets and unencumbered consolidated cash shall be at least the higher of (i) $30 million and (ii) 6% of our gross interest-bearing debt. “Value adjusted” is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company’s vessels (as determined quarterly by one approved broker). ABN AMRO Credit Facility In April 2018, we entered into a $484 million credit facility with ABN AMRO, Nordea, Credit Agricole, DNB, ING, Danish Ship Finance, SEB, DVB and Swedbank, as lenders, two special purpose wholly owned vessel-owning subsidiaries as borrowers, and DHT Holdings, Inc. as guarantor (the “ABN AMRO Credit Facility”), for the financing of eleven VLCCs and two newbuildings. Borrowings bear interest at a rate equal to LIBOR + 2.40%. The credit facility is secured by, among other things, a first-priority mortgage on the vessel financed by the credit facility, a first-priority assignment of earnings, insurances and intercompany claims, a first-priority pledge of the balances of each of the borrowers’ bank accounts and a first-priority pledge over the shares in each of the borrowers. The credit facility contains a covenant requiring that at all times the charter-free market value of the vessels that secure the credit facility be no less than 135% of borrowings. Also, DHT covenants that, throughout the term of the credit facility, DHT, on a consolidated basis, shall maintain a value adjusted tangible net worth of $300 million, value adjusted tangible net worth shall be at least 25% of value adjusted total assets and unencumbered consolidated cash of at least the higher of (i) $30 million and (ii) 6% of our gross interest bearing debt. “Value adjusted” is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company’s vessels (as determined quarterly by an approved broker). In March 2020 and September 2020, we prepaid $57.8 million and $42.2 million, respectively, under the revolving credit facility tranche. In June 2020, the Company prepaid $33.4 million under the ABN AMRO Credit Facility. The voluntary prepayment was made for all regular installments for 2021. In March 2021, the Company drew down $60 million under the ABN AMRO revolving credit facility tranche in relation to the delivery of DHT Osprey. In June 2021, the Company repaid the $60 million, repaid $6.1 million related to the sale of DHT Condor and additionally prepaid $33.4 million under the ABN AMRO Credit Facility. The voluntary prepayment was made for all regular installments for 2022. Subsequent to the payments, the loan is repayable in quarterly installments of $7.7 million through Q2 2024 with a final payment of $183.9 million with the last installment. ABN AMRO Revolving Credit Facility In November 2016, the Company entered into a secured five-year revolving credit facility with ABN AMRO totaling $50.0 million to be used for general corporate purposes including security repurchases and acquisitions of ships (the “ABN AMRO Revolving Credit Facility”), between and among ABN AMRO Bank N.V. Oslo Branch (“ABN AMRO”) or any of its affiliates, as lender, Samco Delta Ltd. and Samco Eta Ltd., as borrowers (each, a special purpose vessel-owning, wholly owned subsidiary of DHT), and DHT Holdings, Inc., as guarantor. In April 2018, we entered into an agreement with ABN AMRO to increase the revolving credit facility to $57.3 million with a quarterly reduction of $1.8 million starting July 31, 2018. In June 2019, the Company entered into an agreement with ABN AMRO to amend the repayment terms under the ABN AMRO Revolving Credit Facility by reducing the quarterly repayment installments thereunder from $1.8 million to $1.3 million. In September 2020, the Company canceled in full the commitments under the ABN AMRO Revolving Credit Facility. Convertible Senior Notes due 2019 In September 2014, in connection with the acquisition of the shares of Samco, the Company issued $150 million aggregate principal amount of convertible senior notes due 2019 in a private placement to institutional accredited investors. The net proceeds of approximately $145.5 million (after placement agent expenses, but before other transaction expenses) were used, along with the net proceeds of the September 2014 registered direct offering of common stock and cash on hand, to fund the acquisition of shares in Samco. The Company paid interest at a fixed rate of 4.50% per annum, payable semiannually in arrears. The convertible senior notes due 2019 were convertible into common stock of DHT at any time until one business day prior to their maturity. The initial conversion price for the convertible senior notes due 2019 was $8.125 per share of common stock (equivalent to an initial conversion rate of 123.0769 shares of common stock per $1,000 aggregate principal amount of convertible senior notes due 2019), subject to customary anti-dilution adjustments. In October 2019, holders of $26,434,000 in aggregate principal amount of the Company’s convertible senior notes due 2019 exercised their right to convert their notes into shares at the conversion price of $6.0216 per share. As a result, the Company issued 4,389,858 shares of common stock. The remaining $6,426,000 in aggregate principal amount was repaid in cash. Convertible Senior Notes due 2021 In August 2018, the Company entered into separate, privately negotiated exchange agreements with certain holders of its outstanding 4.5% convertible senior notes due 2019 to exchange approximately $73.0 million aggregate principal amount of the convertible senior notes due 2019 for approximately $80.3 million aggregate principal amount of the Company’s new 4.5% convertible senior notes due 2021. The Company also entered into private placement purchase agreements with investors to issue approximately $44.7 million aggregate principal amount of the Company’s new 4.5% convertible senior notes due 2021 for gross proceeds of approximately $41.6 million. We received net proceeds of approximately $38.9 million after the payment of placement agent fees. Upon the completion of such private exchanges and private placement, the aggregate principal amount outstanding of convertible senior notes due 2021 was $125.0 million. The Company paid interest at a fixed rate of 4.50% per annum, payable semiannually in arrears. The convertible senior notes due 2021 were convertible at the option of the holder at any time prior to the business day immediately preceding the maturity date of the convertible senior notes due 2021 as specified in the 2021 Notes Indenture. The initial conversion price for the convertible senior notes due 2021 was $6.2599 per share of common stock (equivalent to an initial conversion rate of 159.7470 shares of common stock per $1,000 aggregate principal amount of convertible senior notes due 2021), subject to customary anti-dilution adjustments. In December 2019, $1,000 principal amount of convertible senior notes due 2021 was converted into 167 shares of common stock. As a result, the aggregate principal amount outstanding of convertible senior notes due 2021 was $124,999,000 as of December 31, 2019. In July 2020, the Company sent notice of its intention to redeem all of the Company’s outstanding convertible senior notes due 2021, on the August 21, 2020 redemption date, at a price equal to 100% of the principal amount of securities being redeemed plus accrued and unpaid interest. On August 21, 2020, the Company announced that holders of $124,999,000 aggregate principal amount of the Company’s convertible senior notes due 2021, representing all of the outstanding convertible senior notes due 2021, had exercised their right to convert their securities into shares of the Company’s common stock at a conversion price of $5.3470 per share (representing a conversion rate of approximately 187.0208 shares of common stock per $1,000 principal amount of convertible senior notes due 2021), as a result of which the Company issued 23,377,397 shares of common stock.

Stockholders' equity and divide

Stockholders' equity and dividend payment	12 Months Ended
Stockholders' equity and dividend payment	Dec. 31, 2021
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, 2019 146,819,401 Restricted stock issued 601,530 Conversion of convertible bonds 23,377,397 Issued at December 31, 2020 170,798,328 Restricted stock issued 841,696 Retirement of treasury shares (5,513,254 ) Issued at December 31, 2021 166,126,770 Par value $ 0.01 $ 0.01 Number of shares authorized for issue at December 31, 2021 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. Convertible Notes Offering Please see note 9 for information on the convertible senior notes. 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 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. In 2020, the Company did not repurchase or retire any shares of common stock. In 2019, the Company purchased 725,298 of its own shares in the open market for an aggregate consideration of $3.2 million, at an average price of $4.47 per share. All shares were retired upon receipt. Dividend payment: Dividend payment 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 payment as of December 31, 2021 $ 22.1 million $ 0.13 Dividend payment as of December 31, 2020: Per share Payment date: Total payment Common February 25, 2020 $ 47.0 million $ 0.32 May 26, 2020 $ 51.5 million $ 0.35 September 2, 2020 $ 82.0 million $ 0.48 November 25, 2020 $ 34.2 million $ 0.20 Total payment as of December 31, 2020 $ 214.7 million $ 1.35 Dividend payment as of December 31, 2019: Per share Payment date: Total payment Common February 26, 2019 $ 7.1 million $ 0.05 May 28, 2019 $ 11.4 million $ 0.08 August 29, 2019 $ 2.8 million $ 0.02 November 14, 2019 $ 7.3 million $ 0.05 Total payment as of December 31, 2019 $ 28.7 million $ 0.20 On February 24, 2022, DHT paid a dividend of $0.02 per common share to shareholders of record as of February 17, 2022, resulting in a total dividend payment of $3.3 million.

Operating Expenses

Operating Expenses	12 Months Ended
Operating Expenses	Dec. 31, 2021
Operating Expense [Abstract]
Operating Expenses	Note 11- Operating Expenses Voyage Expenses (Dollars in thousands) 2021 2020 2019 Bunkers $ 72,925 $ 106,104 $ 156,171 Other Voyage Related Expenses 19,480 34,460 31,329 Total Voyage Expenses $ 92,405 $ 140,564 $ 187,500 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 both 2021 and 2020, the Company had fewer vessels operating in the spot market than the year before, thereby driving a reduction in voyage expenses. Vessel Operating Expenses (Dollars in thousands) 2021 2020 2019 Operating Expenses $ 71,609 $ 75,944 $ 72,541 Insurance 6,198 6,244 5,785 Total Vessel Operating Expenses $ 77,807 $ 82,188 $ 78,327 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) 2021 2020 2019 Total Compensation to Employees and Directors $ 11,890 $ 14,163 $ 10,331 Office and Administrative Expenses 3,351 2,413 2,633 Audit, Legal and Consultancy 1,325 1,313 1,826 Total General and Administrative Expenses $ 16,565 $ 17,890 $ 14,789 Stock Compensation The Company currently maintains the 2019 Incentive Compensation Plan (the “2019 Plan”) for the benefit of directors and senior management. Different awards may be granted under the 2019 Plan, including stock options, restricted shares/restricted stock units and cash incentive awards. Stock Options The exercise price for options cannot be less than the fair market value of a common stock on the date of grant. 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 that if a member of the board of directors ceases service on the board of directors prior to the applicable vesting date for any reason, his or her restricted stock will 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 2019 Plan may allow for different criteria for new grants. Stock Compensation Series Number of shares Vesting Period Fair value at grant date (1) Granted January 2017, restricted shares 900,000 2 years $ 4.61 (2) Granted January 2018, restricted shares 355,000 1 year 3.92 (3) Granted January 2018, restricted shares 212,000 3 years 2.30 (4) Granted January 2019, restricted shares 360,000 3 years 4.25 (5) Granted January 2019, restricted shares 200,000 3 years 3.04 (6) Granted March 2019, restricted shares 210,000 1 year 4.60 (7) Granted January 2020, restricted shares 460,000 3 years 8.22 (8) Granted January 2020, restricted shares 150,000 1 year 8.22 (9) Granted January 2020, restricted shares 200,000 1 year 3.56 (10) Granted January 2021, restricted shares 579,100 3 years 5.52 (11) Granted January 2021, restricted shares 175,000 1 year 5.52 (12) Granted January 2021, restricted shares 119,900 3 years $ 3.22 The following reconciles the number of outstanding restricted common stock and share options: Restricted common stock Outstanding at December 31, 2018 545,500 Granted 770,000 Exercised* 755,500 Forfeited - Outstanding at December 31, 2019 560,000 Outstanding at December 31, 2019 560,000 Granted 810,000 Exercised* 550,002 Forfeited - Outstanding at December 31, 2020 819,998 Outstanding at December 31, 2020 819,998 Granted 874,000 Exercised* 733,133 Forfeited - Outstanding at December 31, 2021 960,865 Does not include shares in lieu of dividends Stock Compensation Expense (Dollars in thousands) 2021 2020 2019 Expense recognized from stock compensation $ 4,371 $ 4,792 $ 2,532 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. The fair value on the vesting date for shares that vested in 2020 was $4.25 for 125,649 shares, $3.56 for 207,786 shares, $4.60 for 235,650 shares and $8.22 for 32,445 shares. The fair value on the vesting date for shares that vested in 2019 was $4.61 for 281,094 shares, $3.92 for 80,101 shares, $2.30 for 212,823 shares, $3.04 for 206,118 shares and $4.60 for 10,435 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 0.75 years as of December 31, 2021. 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 2021, a total of 699,000 shares of restricted stock were awarded to management for the year 2020. Of these shares, 119,900 shares vested in March 2021, 153,066 shares vested in January 2022, 153,067 shares will vest in January 2023, and 153,067 shares will vest in January 2024, subject to continued employment or office, as applicable. The calculated fair value at grant date was equal to the share price at grant date. The remaining 119,900 shares vested subject to certain market conditions in March 2021 and the calculated fair value was $3.22 per share. In January 2020, a total of 660,000 shares of restricted stock were awarded to management for the year 2019. Of these shares, 253,334 vested in January 2021, 53,333 shares vested in January 2022, and 153,333 shares will vest in January 2023, subject to continued employment or office, as applicable. The calculated fair value at grant date was equal to the share price at grant date. The remaining 200,000 shares vested subject to certain market conditions in May 2020 and the calculated fair value was $3.5637 per share. In January 2021, a total of 175,000 shares of restricted stock were awarded to the board of directors for the year 2020. The calculated fair value at grant date was equal to the share price at grant date and the shares will vest in June 2022. In January 2020, a total of 150,000 shares of restricted stock were awarded to the board of directors in for the year 2019. The calculated fair value at grant date was equal to the share price at grant date and 30,000 shares vested in June 2020 and the remaining 120,000 shares vested in June 2021. Compensation of Directors and Executives Remuneration of Directors and Executives as a group: (Dollars in thousands) 2021 2020 2019 Cash compensation $ 5,050 $ 3,897 $ 3,518 Pension cost 219 206 36 Share compensation 3,508 4,364 2,003 Total remuneration $ 8,776 $ 8,466 $ 5,556 * Share compensation reflects the expense recognized. Shares held by Directors and Executives: 2021 2020 2019 Directors and Executives as a group* 2,958,894 2,303,011 3,615,221 *Includes 725,665 (2020: 619,998, 2019: 440,000) shares of restricted stock subject to vesting conditions. In connection with termination of an Executive’s employment, the Executives of the Company may be entitled to an amount equal to 18 months’ base salary and any unvested equity awards may become fully vested in certain circumstances.

Bunker inventory

Bunker inventory	12 Months Ended
Bunker inventory	Dec. 31, 2021
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 $33,396 thousand as of December 31, 2021 compared to $11,854 thousand as of December 31, 2020. 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.

Related parties

Related parties	12 Months Ended
Related parties	Dec. 31, 2021
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 the Company and its subsidiaries have been eliminated on consolidation and are not disclosed in this note. Subsequent to DHT’s acquisition of the shares in Samco, the Company owns 50% of Goodwood. As of December 31, 2021, Goodwood is the technical manager for 24 of the Company’s vessels. In 2021, total technical management fees paid to Goodwood were $3,459 thousand. In 2020, total technical management fees paid to Goodwood were $3,310 thousand. In 2019, total technical management fees paid to Goodwood were $3,300 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.

Pensions

Pensions	12 Months Ended
Pensions	Dec. 31, 2021
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 Company’s pension scheme satisfies the requirements of this law and comprises a defined benefit scheme. At the end of the year, there were 12 participants in the benefit plan. Defined benefit pension The Company 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 The Company makes contributions to the defined benefit plan and as of December 31, 2021, the net liability recorded was $662 thousand, compared to $612 thousand as of December 31, 2020 and $420 thousand as of December 31, 2019.

Tax

Tax	12 Months Ended
Tax	Dec. 31, 2021
Tax [Abstract]
Tax	Note 15 - Tax 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 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 subsidiaries in Singapore, DHT Ship Management (Singapore) Pte. Ltd, and DHT Chartering (Singapore) Pte. Ltd, are subject to income taxation in Singapore. The tax effects for the companies are disclosed below. Specification of income tax: (Dollars in thousands) 2021 2020 2019 Income tax payable $ 378 $ 587 $ 111 Tax expenses related to previous year (27 ) 309 32 Change in deferred tax 9 5 (12 ) Total income tax expense $ 360 $ 900 $ 131 Specification of temporary differences and deferred tax: (Dollars in thousands) December 31, 2021 December 31, 2020 December 31, 2019 Property, plant and equipment $ (11 ) $ 2 $ (13 ) Pensions (662 ) (612 ) (420 ) Total basis for deferred tax (674 ) (610 ) (432 ) Deferred tax liability(asset), net (1)(2) $ (152 ) $ (140 ) $ (102 ) Deferred tax (asset), gross (3) (166 ) (161 ) (126 ) Deferred tax liability, gross (3) 14 21 24 (1) Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position. (2) The general income tax rate was reduced from 23% to 22%, effective from fiscal year 2019. (3) Deferred tax liability is related to the subsidiary in Singapore and cannot be offset with the deferred tax asset related to the subsidiary in Norway. Reconciliation of income tax expense: (Dollars in thousands) 2021 2020 2019 Profit/(loss) before income tax $ (11,147 ) $ 267,181 $ 73,812 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 360 900 131 Total income tax expense $ 360 $ 900 $ 131

Investment in associate company

Investment in associate company	12 Months Ended
Investment in associate company	Dec. 31, 2021
Investment in associate company [Abstract]
Investment in associate company	Note 16 - Investment in associate company DHT Holdings, Inc. owns 50% of Goodwood Ship Management Pte. Ltd. and as of December 31, 2021, Goodwood was the technical manager for 24 of the Company’s vessels. (Dollars in thousands) 2021 2020 Investment in associate company $ 5,406 $ 5,233 Details of associate are as follows: Name of associate Principal activities Place of incorporation and business Effective equity interest 2021 2020 Goodwood Ship Management Pte. Ltd. Ship management Singapore 50% 50% 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 2021 2020 Profit after taxation $ 1,278 $ 1,193 Other comprehensive income for the year, net of tax $ (74 ) $ 104 Total comprehensive income for the year $ 1,204 $ 1,297

Condensed Financial Information

Condensed Financial Information of DHT Holdings, Inc. (parent company only)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]
Condensed Financial Information of DHT Holdings, Inc. (parent company only)	Note 17 - Condensed Financial Information of DHT Holdings, Inc. (parent company only) SEC Rule 12-04 Condensed Financial Information of Registrant 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. 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, 2021, 2020 and 2019. The restricted assets mainly relate to assets restricted by covenants in our secured credit agreements entered into by the Company’s vessel-owning subsidiaries. FINANCIAL POSITION (Dollars in thousands) ASSETS December 31, December 31, Current assets 2021 2020 Cash and cash equivalents $ 15,539 $ 5,310 Accounts receivable and prepaid expenses 74 1,679 Amounts due from related parties 90,190 84,725 Total current assets $ 105,803 $ 91,713 Investments in subsidiaries $ 392,489 $ 434,172 Loan to subsidiaries 338,051 324,420 Investment in associate company 201 201 Total non-current assets $ 730,741 $ 758,793 Total assets $ 836,545 $ 850,506 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable and accrued expenses $ 447 $ 170 Total current liabilities $ 447 $ 170 Stockholders’ equity Stock $ 1,661 $ 1,708 Paid-in additional capital 1,217,244 1,245,449 Accumulated deficit (382,808 ) (396,820 ) Total stockholders’ equity $ 836,097 $ 850,336 Total liabilities and stockholders’ equity $ 836,545 $ 850,506 INCOME STATEMENT (Dollars in thousands) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Revenues $ 980 $ - $ - Impairment charge (35,149 ) (35,278 ) 455 Dividend income 70,746 17,081 25,519 General and administrative expense (17,742 ) (19,148 ) (14,782 ) Operating income/(loss) $ 18,835 $ (37,345 ) $ 11,192 Interest income $ 17,233 $ 21,434 $ 27,943 Interest expense - (6,766 ) (12,177 ) Other financial income 26 245 17 Profit/(loss) for the year $ 36,095 $ (22,433 ) $ 26,975 Statement of Comprehensive Income (Dollars in thousands) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Profit/(loss) for the year $ 36,095 $ (22,433 ) $ 26,975 Total comprehensive income/(loss) for the period $ 36,095 $ (22,433 ) $ 26,975 Attributable to the owners $ 36,095 $ (22,433 ) $ 26,975 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. CASH FLOW (Dollars in thousands) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Cash Flows from Operating Activities: Profit/(loss) for the year $ 36,095 $ (22,433 ) $ 26,975 Items included in net income not affecting cash flows: Amortization - 3,250 5,459 Impairment charge 35,149 35,278 (455 ) Compensation related to options and restricted stock 3,203 4,204 693 Changes in operating assets and liabilities: Accounts receivable and prepaid expenses 1,604 (805 ) (500 ) Accounts payable and accrued expenses 277 (2,246 ) (1,317 ) Amounts due to related parties (6,834 ) (43,313 ) (63,280 ) Net cash provided by/(used in) operating activities $ 69,494 $ (26,063 ) $ (32,425 ) Cash flows from Investing Activities Loan to subsidiaries $ (5,004 ) $ 223,550 $ 75,500 Net cash (used in)/provided by investing activities $ (5,004 ) $ 223,550 $ 75,500 Cash flows from Financing Activities Cash dividends paid $ (22,083 ) $ (214,669 ) $ (28,685 ) Purchase of treasury shares (32,178 ) - (3,248 ) Issuance of convertible bonds - - (7 ) Repayment of convertible bonds - - (6,426 ) Net cash used in financing activities $ (54,261 ) $ (214,669 ) $ (38,366 ) Net increase/(decrease) in cash and cash equivalents $ 10,229 $ (17,182 ) $ 4,709 Cash and cash equivalents at beginning of period 5,310 22,492 17,783 Cash and cash equivalents at end of period $ 15,539 $ 5,310 $ 22,492 The condensed financial information of DHT Holdings, Inc. 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 (Dollars in thousands) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Profit/(loss) of the parent company only under cost method of accounting $ 36,095 $ (22,433 ) $ 26,975 Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting (47,776 ) 288,653 46,969 Profit/(loss) of the parent company only under equity method of accounting $ (11,681 ) $ 266,221 $ 73,944 Equity Reconciliation (Dollars in thousands) December 31, 2021 December 31, 2020 December 31, 2019 Equity of the parent company only under cost method of accounting $ 836,097 $ 850,336 $ 962,796 Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting 310,608 358,384 69,731 Equity of the parent company only under equity method of accounting $ 1,146,706 $ 1,208,720 $ 1,032,527 Dividends from subsidiaries are recognized when they are authorized. 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, 2020, the parent company recorded dividend income from its subsidiaries of $15,000 thousand. During the year ended December 31, 2019, the parent company recorded dividend income from its subsidiaries of $25,007 thousand. During the year ended December 31, 2021, 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.

Events after the reporting date

Events after the reporting date	12 Months Ended
Events after the reporting date	Dec. 31, 2021
Events after the reporting date [Abstract]
Events after the reporting date	Note 18 - Events after the reporting date In January 2022, for the year 2021, a total of 697,953 shares of restricted stock were awarded to management pursuant to the 2019 Plan, of which 149,588 shares will vest in January 2023, 149,588 shares will vest in January 2024, 124,594 shares will vest prior to December 2024 and 149,589 shares will vest in January 2025. The remaining 124,594 shares will vest subject to certain market conditions prior to December 2024. 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 equal to the share price at grant date for 573,359 shares and $4.29 per share for 124,594 shares. In January 2022, a total of 175,000 shares of restricted stock were awarded to the board of directors pursuant to the 2019 Plan. The estimated fair value at grant date was equal to the share price at grant date and the shares will vest in June 2023. On February 7, 2022, DHT announced that it would pay a dividend of $0.02 per common share on February 24, 2022, to shareholders of record as of February 17, 2022. This resulted in a total dividend payment of $3.3 million. The financial statements were approved by the board of directors on March 16, 2022, and authorized for issue. Beginning February 2022, hostilities between Russia and Ukraine have introduced uncertainty into global economic activity and, as such, our operational and financial activities. Given Russia’s role as a major global exporter of crude oil, it is difficult to estimate the future impact of these hostilities, and hence the impact these factors may have on the financial statements.

Significant accounting princi_2

Significant accounting principles (Policies)	12 Months Ended
Significant accounting principles (Policies)	Dec. 31, 2021
Significant accounting principles [Abstract]
Statement of compliance	Statement of compliance The consolidated financial statements of DHT Holdings, Inc. have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).
Basis of preparation	Basis of preparation The financial statements have been prepared on a historical cost basis, except for derivative financial instruments that have been measured at fair value. 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 principal accounting policies are set out below.
Basis of consolidation	Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and entities controlled by the Company (and its subsidiaries). Unless otherwise specified, all subsequent references to the “Company” refer to DHT 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.
Business combinations	Business combinations Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Company, liabilities incurred by the Company to the former owners of the acquiree and the equity interests issued by the Company in exchange for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred. At the acquisition date, all identifiable assets, liabilities and contingent liabilities that meet the conditions for recognition are recognized at their fair value, except for non-current assets which are classified as held for sale and are recognized at the lower of carrying amount and fair value less cost to sell, and deferred tax assets and liabilities which are recognized at nominal value. Goodwill from acquisition is recognized as an asset measured at the excess of the sum of the consideration transferred, the fair value of any previously held equity interest and the amount of any non-controlling interests in the acquiree over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Company’s interest in the net fair value of the acquiree’s identifiable assets, liabilities and contingent liabilities exceed the total consideration of the business combination, the excess is recognized in the income statement immediately. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Company reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts or circumstances that existed at the acquisition date that, if known, would have affected the amounts recognized at that date.
Investments in associates	Investments in associates An associated company is an entity over which the Company has significant influence and that is not a subsidiary. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Company has 20% to 50% of the voting rights unless other terms and conditions affect the Company’s influence. The investments in associates are accounted for using the equity method. Such investments are initially recognized at cost. Cost includes the purchase price and other costs directly attributable to the acquisition such as professional fees and transaction costs. Under the equity method, the interest in the investment is based on the Company’s proportional share of the associate’s equity, including any excess value and goodwill. The Company recognizes its share of net income, including depreciation and amortization of excess values and impairment losses, in “Share of profit from associated companies”. The financial statements of the associate are prepared for the same reporting period as the Company. When necessary, adjustments are made to bring the accounting policies in line with those of the Company. After application of the equity method, the Company determines whether it is necessary to recognize an impairment loss.
Cash and cash equivalents	Cash and cash equivalents Interest-bearing deposits that are highly liquid investments and have a maturity of three months or less when purchased are included in cash and cash equivalents when held for the purpose of meeting short-term cash commitments. Cash and cash equivalents are recorded at their nominal amount on the statement of financial position.
Vessels	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 estimated useful lives and residual values are reviewed at least at each year end, with the effect of any changes in estimate accounted for on a prospective basis. We assume an estimated useful life of 20 years. Each vessel’s residual value is equal to the product of its lightweight tonnage and an estimated scrap rate per ton. 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 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 fitted to meet requirements of the IMO Sulphur Cap that took effect January 1, 2020 and are expected to have a life of three years from that date.
Vessels under construction - pre-delivery installments	Vessels under construction — pre-delivery installments The initial pre-delivery installments made for vessels are recorded in the statement of financial position as “Advances for vessels under construction” under Non-current assets. Vessels under construction are presented at cost less identified impairment losses, if any. Costs relating to vessels under construction include pre-delivery installments to the shipyard and other vessel costs incurred during the construction period that are directly attributable to construction of the vessels, including borrowing costs, if any, incurred during the construction period.
Advances for vessel upgrades	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 and time charter contracts” under Non-current assets upon completion of maintenance or completion of installation.
Docking and survey expenditure	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. Drydock costs include a variety of costs incurred during the drydock project, including expenses related to the drydock preparations, tank cleaning, gas-freeing and re-inerting, purchase of spare parts, stores and services, port expenses at the drydock location, general shipyard expenses, expenses related to hull and outfitting, external surfaces and decks, cargo and ballast tanks, engines, cargo systems, machinery, equipment and safety equipment on board the vessel as well as classification, Condition Assessment Program surveys and regulatory requirements. 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.
Vessels held for sale	Vessels held for sale Vessels are classified separately as held for sale as part of current assets in the statement of financial position when their carrying amount will be recovered through a sale of transaction rather than continuing use. For this to be the case, the asset must be available for immediate sale in its present condition and its sale must be highly probable. For the sale to be highly probable, the appropriate level of management must be committed to a plan to sell the asset, and an active program to locate a buyer and complete the plan must have been initiated. Further, the asset must be actively marketed for sale at a price that is reasonable in relation to its current fair value. In addition, the sale should be expected to qualify for recognition as a completed sale within one year from the date of classification. The probability of shareholders’ approval should be considered as part of the assessment of whether the sale is highly probable. Vessels classified as held for sale are measured at the lower of their carrying amount and fair value less cost to sell.
Impairment of vessels	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.
Property, plant and equipment other than vessels	Property, plant and equipment other than vessels Property, plant and 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. Expected useful life is five years for furniture and fixtures and three years for computer equipment. Expected useful lives are reviewed annually. Ordinary repairs and maintenance costs are charged to the income statement during the financial period in which they are incurred. Major assets with different expected useful lives are reported as separate components. Property, plant and equipment are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of an asset exceeds its recoverable amount. The difference between an asset’s carrying amount and its recoverable amount is recognized in the income statement as impairment. Property, plant and equipment that suffered impairment are reviewed for possible reversal of the impairment at each reporting date.
Bunkers	Bunkers 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.
Leases - DHT as lessee	Leases - DHT as lessee Effective from January 1, 2019, the Company adopted the new accounting standard IFRS 16 using the modified retrospective method. IFRS 16 introduced a comprehensive model for the identification of lease arrangements and accounting treatments for both lessors and lessees. The Company currently has one category of lease related to leased office space in Monaco, Norway and Singapore where the Company is a lessee. The Company assesses whether a contract is or contains a lease at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low-value assets. For these leases, the Company recognizes the lease payment as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. The lease liability is initially measured at present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. 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 Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: • The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. • The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). • A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. • The right-of-use 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. They are subsequently measured at cost less accumulated depreciation and impairment losses. • Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.
Revenue and expense recognition	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 and the lease components are accounted for in accordance with IFRS 16. 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 as per IFRS 16. 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, quarterly or semi-annually in arrears and recognized as revenue in the period in which it was earned in accordance with IFRS 16. Revenues from spot charterers are recognized ratably over the estimated length of each voyage, calculated on a load-to-discharge basis. Revenues from spot charterers are accounted for under IFRS 15. 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 income refers to income earned as part of operational activities which do not arise in the course of the Company’s ordinary activities, thus not categorized as revenue. Voyage expenses are capitalized between the previous discharge port, or contract date if later, and the next load port if they qualify as fulfilment cost under IFRS 15. 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 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 Financial liabilities are classified as either financial liabilities “at fair value through profit or loss” (FVTPL) or “other financial liabilities”. The FVTPL category is comprised of the Company’s derivatives. Any other liabilities of the Company, such as, accounts payable and accrued expenses, other current and non-current liabilities, and long-term debt, are classified as “other financial liabilities”. (a) Other financial liabilities Other financial liabilities, including debt, are initially measured at fair value, net of transaction costs. Other 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. (b) Derivatives The Company uses interest rate swaps to convert part of the interest-bearing debt from floating to fixed rate. Derivatives are initially recognized at fair value at the date a derivative contract is entered into and are subsequently re-measured to their fair value at each reporting date. Any resulting gain or loss is recognized in profit or loss immediately. The interest rate swaps do not qualify for hedge accounting.
Fair Value Measurement	Fair Value Measurement Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions. Fair value is an exit price regardless of whether that price is directly observable or estimated using another valuation technique.
Financial assets - receivables	Financial assets — 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.
Derecognition of financial assets and financial liabilities	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	Foreign currency The functional currency of the 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	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. Other assets than those described above are classified as non-current assets. Where the Company holds a derivative as an economic hedge (even if hedge accounting is not applied) for a period beyond 12 months after the reporting date, the derivative is classified as non-current (or separated into current and non-current).
Related parties	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.
Taxes	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 and Singapore 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.
Stock Compensation	Stock Compensation Employees of the Company receive remuneration in the form of restricted common stock that is subject to vesting conditions. Equity-settled share-based payment is measured at the fair value of the equity instrument at the grant date. The fair value determined at the grant date is expensed over the vesting period, based on the Company’s estimate of equity instruments that will eventually vest.
Pension	Pension For defined benefit retirement plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial valuations being carried out at the end of each reporting period. Remeasurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling (if applicable) and the return on plan assets (excluding interest), is reflected immediately in the statement of financial position with a charge or credit recognized in other comprehensive income in the period in which it occurs. Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and will not be reclassified to profit or loss. Past service cost is recognized in profit or loss in the period of a plan liability or asset. The retirement benefit obligation recognized in the consolidated statement of financial position represents the actual deficit or surplus in the Company’s defined benefit plan. Any surplus resulting from this calculation is limited to the present value of any economic benefit available in the form of refunds from the plans or reductions in future contributions to the plans.
Segment information	Segment information As the Company’s business is limited to operating a fleet of crude oil tankers, management has organized the entity as one segment based upon the service provided. Consequently, the Company has one operating segment as defined in IFRS 8, Operating Segments.
Use of estimates	Use of estimates 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 have been applied are: • Depreciation • Drydock period • Value in use
Use of judgment	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	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")	Application of new and revised International Financial Reporting Standards (“IFRSs”) New and amended standards and interpretations A number of new standards and amendments were effective as of January 1, 2021, but they did not have a material effect on the Company’s 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: Classification of Liabilities as Current or Non-current In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: o What is meant by a right to defer settlement o That a right to defer must exist at the end of the reporting period o That classification is unaffected by the likelihood that an entity will exercise its deferral right o That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification The amendments are effective for annual reporting periods beginning on or after January 1, 2023 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. Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements, in which it provides 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 to IAS 1 are applicable for annual periods beginning on or after January 1, 2023 with earlier application permitted. Since the amendments to the Practice Statement 2 provide non-mandatory guidance on the application of the definition of material to accounting policy information, an effective date for these amendments is not necessary. The Company is currently assessing the amendments to determine the impact they will have on the Company’s accounting policy disclosures

Charter arrangements (Tables)

Charter arrangements (Tables)	12 Months Ended
Charter arrangements (Tables)	Dec. 31, 2021
Charter arrangements [Abstract]
Shipping Revenues	The below table details the Company’s shipping revenues: (Dollars in thousands) 2021 2020 2019 Time charter revenues* $ 140,730 $ 182,663 $ 57,472 Voyage charter revenues 155,124 508,375 477,595 Shipping revenues $ 295,853 $ 691,039 $ 535,068 * Time charter revenue is presented in accordance with IFRS 16 Leases, Revenue from Contracts with Customers.
Vessel Employment	The following summarizes the Company’s vessel employment as of December 31, 2021 Vessel Type of Employment Expiry VLCC DHT Amazon Time charter with profit sharing Q2 2023 DHT Bauhinia Spot DHT Bronco Spot DHT China Spot DHT Colt Time charter Q3 2022 DHT Edelweiss Spot DHT Europe Spot DHT Falcon Spot DHT Hawk Spot DHT Harrier Time charter Q4 2024 DHT Jaguar Spot DHT Leopard Spot DHT Lion Spot DHT Lotus Spot DHT Mustang Time charter Q3 2022 DHT Opal Spot DHT Osprey Spot DHT Panther Spot DHT Peony Spot DHT Puma Spot DHT Redwood Spot DHT Scandinavia Spot DHT Stallion Time charter Q2 2022 DHT Sundarbans Time charter with profit sharing Q1 2022 DHT Taiga Time charter with profit sharing Q4 2022 DHT Tiger 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: (Dollars in thousands) Year Amount 2022 $ 53,118 2023 16,785 2024 10,039 Thereafter — Net charter payments $ 79,942
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 notes 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 years due to the short-term nature of the advances. The Company had not received any hire payments for future periods at year end December 31, 2018. (Dollars in thousands) 2021 2020 2019 Deferred shipping revenues $ 4,865 $ 16,236 $ 930 Capitalized voyage expenses Voyage expenses are capitalized (Dollars in thousands) 2021 2020 2019 Capitalized voyage expenses $ 1,395 $ 1,039 $ 4,151

Earnings per share ("EPS") (Tab

Earnings per share ("EPS") (Tables)	12 Months Ended
Earnings per share ("EPS") (Tables)	Dec. 31, 2021
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) 2021 2020 2019 Profit/(loss) for the period used for calculation of EPS - basic $ (11,521 ) $ 266,266 $ 73,679 Interest and amortization on the convertible notes $ - $ 6,766 $ 12,177 Profit/(loss) for the period used for calculation of EPS - dilutive $ (11,521 ) $ 273,032 $ 85,856 Basic earnings per share: Weighted average shares outstanding - basic 169,089,325 155,712,886 143,437,164 Diluted earnings per share: Weighted average shares outstanding - basic 169,089,325 155,712,886 143,437,164 Dilutive equity awards * - 65,873 133,342 Dilutive shares related to convertible notes - 14,275,217 24,589,370 Weighted average shares outstanding - dilutive 169,089,325 170,053,975 168,159,876 *In 2021, 77,546 equity awards were not included in the calculation of the dilutive weighted average shares outstanding due to being anti-dilutive

Vessels and subsidiaries (Table

Vessels and subsidiaries (Tables)	12 Months Ended
Vessels and subsidiaries (Tables)	Dec. 31, 2021
Vessels and subsidiaries [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 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. The following table sets out the details of the vessel subsidiaries included in these consolidated financial Company Vessel name Dwt Flag State Year Built 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 DHT Opal Inc DHT Opal 320,105 Hong Kong 2012 Samco Theta Ltd DHT Sundarbans 314,249 RIF 2012 Samco Iota Ltd DHT Taiga 314,249 Hong Kong 2012 DHT Peony Inc DHT Peony 320,013 Hong Kong 2011 DHT Lotus Inc DHT Lotus 320,142 Hong Kong 2011 Samco Eta Ltd DHT Amazon 314,249 RIF 2011 Samco Kappa Ltd DHT Redwood 314,249 Hong Kong 2011 DHT Edelweiss Inc DHT Edelweiss 301,021 Hong Kong 2008 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 DHT Hawk Inc DHT Hawk 298,923 Hong Kong 2007 Samco Gamma Ltd DHT Scandinavia 317,826 Hong Kong 2006 DHT Falcon Inc DHT Falcon 298,971 Hong Kong 2006 DHT Lake Inc DHT Lake* 298,564 Hong Kong 2004 DHT Raven Inc DHT Raven* 298,563 Hong Kong 2004 DHT Condor, Inc. DHT Condor* 320,050 Hong Kong 2004 * In 2021, the Company entered into three separate agreements to sell its three 2004 built VLCCs, DHT Raven, DHT Lake and DHT Condor, for an aggregate of $88.75 million. DHT Raven was delivered in April, DHT Lake was delivered in May, and DHT Condor was delivered in July 2021. A gain of $15.2 million was recorded in relation to the sale of these VLCCs.
Vessels and Time Charter Contracts	Vessels and time charter contracts (Dollars in thousands) Vessels Drydock Scrubbers Time charter contracts Total Cost As of January 1, 2021 2,020,690 51,843 51,071 6,600 2,130,204 Additions 66,531 139 1,486 - 68,156 Transferred from vessels upgrades 75,417 30,158 17,333 - 122,907 Disposals (110,713 ) (27,772 ) (10,579 ) (6,600 ) (155,664 ) As of December 31, 2021 2,051,924 54,368 59,311 - 2,165,604 Accumulated depreciation and impairment As of January 1, 2021 (596,709 ) (30,880 ) (20,032 ) (6,148 ) (653,769 ) Charge for the period (94,700 ) (13,270 ) (19,322 ) (452 ) (127,743 ) Disposals 44,905 26,383 5,866 6,600 83,754 As of December 31, 2021 (646,504 ) (17,766 ) (33,488 ) - (697,758 ) Net book value As of December 31, 2021 1,405,420 36,602 25,824 - 1,467,846 Cost As of January 1, 2020 2,015,795 50,868 42,482 6,600 2,115,745 Transferred from vessels upgrades 4,896 9,480 8,589 - 22,964 Disposals - (8,505 ) - - (8,505 ) As of December 31, 2020 2,020,690 51,843 51,071 6,600 2,130,204 Accumulated depreciation and impairment As of January 1, 2020 (487,996 ) (26,629 ) (6,507 ) (5,170 ) (526,301 ) Charge for the period (96,153 ) (12,756 ) (13,525 ) (978 ) (123,412 ) Impairment charges (12,560 ) - - - (12,560 ) Disposals - 8,505 - - 8,505 As of December 31, 2020 (596,709 ) (30,880 ) (20,032 ) (6,148 ) (653,769 ) Net book value As of December 31, 2020 1,423,981 20,963 31,039 452 1,476,436 Vessel upgrades As of January 1, 2021 2,788 3,265 11,216 - 17,269 Additions 72,861 27,033 6,117 - 106,010 Transferred to vessels (75,417 ) (30,158 ) (17,333 ) - (122,907 ) As of December 31, 2021 232 140 - - 372 As of January 1, 2020 1,371 - 10,281 - 11,652 Additions 6,313 12,745 9,524 - 28,581 Transferred to vessels (4,896 ) (9,480 ) (8,589 ) - (22,964 ) As of December 31, 2020 2,788 3,265 11,216 - 17,269
Time Charter Contracts	Time charter contracts Expected useful life Carrying amount (Dollars in thousands) 2021 2020 DHT China charter Finite - 452 Total - 452

Accounts payable and accrued _2

Accounts payable and accrued expenses (Tables)	12 Months Ended
Accounts payable and accrued expenses (Tables)	Dec. 31, 2021
Accounts payable and accrued expenses [Abstract]
Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consist of the following: (Dollars in thousands) 2021 2020 Accounts payable $ 11,111 $ 2,811 Accrued interest 510 719 Accrued voyage expenses 2,426 1,593 Accrued employee compensation 1,712 4,176 Other* 3,903 9,204 Total accounts payable and accrued expenses $ 19,662 $ 18,503 *Other includes accrued operating expenses and accrued capital expenditures.

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
Financial instruments (Tables)	Dec. 31, 2021
Financial instruments [Abstract]
Categories of Financial Instruments	Categories of financial instruments (Dollars in thousands) Carrying amount Financial assets 2021 2020 Cash and cash equivalents (1)(3) $ 60,658 $ 68,641 Accounts receivable and accrued revenues (1) 30,361 30,060 Total financial assets $ 91,018 $ 98,700 Financial liabilities Accounts payables and accrued expenses (1) $ 19,662 $ 18,503 Derivative financial liabilities, current (2) 7,002 9,073 Current portion long-term debt (1) 9,792 3,396 Long-term debt (1) 512,507 446,562 Derivative financial liabilities, non-current (2) 4,222 14,601 Total financial liabilities $ 553,184 $ 492,135 (1) Amortized cost. (2) Fair value through profit or loss. (3) Cash and cash equivalents include $289 thousand in restricted cash in 2021 and $299 thousand in 2020, including employee withholding tax.
Derivatives Interest Rate Swaps	Derivatives - interest rate swaps Notional amount Fair value (Dollars in thousands) Expires 2021 2020 2021 2020 Swap pays 2.987 Apr. 20, 2023 $ 39,600 42,000 1,173 2,541 Swap pays 3.012 Apr. 20, 2023 $ 39,600 42,000 1,185 2,564 Swap pays 3.019 Sept. 29, 2023 $ 28,176 30,743 1,017 2,131 Swap pays 3.019 Sept. 29, 2023 $ 27,262 29,829 982 2,060 Swap pays 2.8665 Sep. 29, 2023 $ 43,690 46,260 1,509 3,147 Swap pays 2.8785 Jun. 30, 2023 $ 38,106 40,673 1,162 2,513 Swap pays 2.885 Sept. 29, 2023 $ 43,048 45,618 1,504 3,139 Swap pays 2.897 Sept. 30, 2023 $ 38,284 40,851 1,339 2,792 Swap pays 3.020 Sept. 29, 2023 $ 36,600 39,167 1,353 2,786 Total carrying amount $ 334,365 357,141 11,224 23,673
Interest Bearing Debt	Interest-bearing debt (Dollars in thousands) Interest Remaining notional Carrying amount 2021 2020 Credit Agricole Credit Facility LIBOR + 2.19 % 35,136 35,002 37,626 Danish Ship Finance Credit Facility LIBOR + 2.00 % 33,973 33,683 36,015 Nordea Credit Facility LIBOR + 1.90 % 231,300 225,214 109,423 ABN Amro Credit Facility LIBOR + 2.40 % 230,067 228,400 266,895 Total carrying amount 530,477 522,299 449,959
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, 2021 Financing cash flows (1) Amortization Equity component of convertible notes Other changes (2) As of December 31, 2021 Bank loans (3) 449,959 72,840 2,550 (3,049 ) 522,299 Office leases (4) 4,060 (611 ) (164 ) 3,285 Total (5) 454,019 72,228 2,550 - (3,213 ) 525,584 Non-cash changes As of January 1, 2020 Financing cash flows (1) Amortization Equity component of convertible notes Other changes (2) As of December 31, 2020 Bank loans (3) 734,404 (286,733 ) 2,288 449,959 Convertible Senior Notes due 2021 116,568 3,250 (119,818 ) - Office leases (4) 2,846 (467 ) 1,681 4,060 Total (5) 853,817 (287,199 ) 5,538 (119,818 ) 1,681 454,019 (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. (2) Other changes for the year 2021 represent gain on modification of debt, including previously capitalized fees and foreign exchange effects during the year related to IFRS 16 Leases Leases (3) As of December 31, 2021, bank loans consist of current portion long-term debt of $9,792 thousand and long-term debt of $512,507 thousand. As of December 31, 2020, bank loans consist of current portion long-term debt of $3,396 thousand and long-term debt of $446,562 thousand. (4) As of December 31, 2021, office leases consist of current liabilities of $624 thousand and $2,661 thousand of non-current liabilities. As of December 31, 2020, office leases consist of current liabilities of $721 thousand and $3,339 thousand of non-current liabilities. The remaining balance of non-current liabilities consist of pensions for both 2021 and 2020, respectively. (5) The reconciliation does not include interest rate swaps, which are described in note 8.

Financial risk management, ob_2

Financial risk management, objectives and policies (Tables)	12 Months Ended
Financial risk management, objectives and policies (Tables)	Dec. 31, 2021
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) 2021 2020 Cash and cash equivalents $ 60,658 $ 68,641 Accounts receivable and accrued revenues 30,361 30,060 Maximum credit exposure $ 91,018 $ 98,700
Contractual Maturities of Financial Liabilities	The following are contractual maturities of financial liabilities, including estimated interest payments on an undiscounted basis. Swap payments are the net effect from paying fixed rate/ receive LIBOR. The LIBOR interest spot rate at December 31, 2021 (and spot rate at December 31, 2020 for comparatives) is used as a basis for preparation. As of December 31, 2021 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 24,112 $ 430,136 $ 120,724 $ 574,973 Interest rate swaps 8,929 4,961 - 13,890 Total $ 33,041 $ 435,097 $ 120,724 $ 588,863 As of December 31, 2020 2 to 5 More than (Dollars in thousands) 1 year years 5 years Total Interest bearing loans $ 19,110 $ 475,441 $ - $ 494,552 Interest rate swaps 8,541 12,415 - 20,956 Total $ 27,651 $ 487,857 $ - $ 515,507

Stockholders' equity and divi_2

Stockholders' equity and dividend payment (Tables)	12 Months Ended
Stockholders' equity and dividend payment (Tables)	Dec. 31, 2021
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, 2019 146,819,401 Restricted stock issued 601,530 Conversion of convertible bonds 23,377,397 Issued at December 31, 2020 170,798,328 Restricted stock issued 841,696 Retirement of treasury shares (5,513,254 ) Issued at December 31, 2021 166,126,770 Par value $ 0.01 $ 0.01 Number of shares authorized for issue at December 31, 2021 250,000,000
Dividend Payment	Dividend payment: Dividend payment 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 payment as of December 31, 2021 $ 22.1 million $ 0.13 Dividend payment as of December 31, 2020: Per share Payment date: Total payment Common February 25, 2020 $ 47.0 million $ 0.32 May 26, 2020 $ 51.5 million $ 0.35 September 2, 2020 $ 82.0 million $ 0.48 November 25, 2020 $ 34.2 million $ 0.20 Total payment as of December 31, 2020 $ 214.7 million $ 1.35 Dividend payment as of December 31, 2019: Per share Payment date: Total payment Common February 26, 2019 $ 7.1 million $ 0.05 May 28, 2019 $ 11.4 million $ 0.08 August 29, 2019 $ 2.8 million $ 0.02 November 14, 2019 $ 7.3 million $ 0.05 Total payment as of December 31, 2019 $ 28.7 million $ 0.20

Operating Expenses (Tables)

Operating Expenses (Tables)	12 Months Ended
Operating Expenses (Tables)	Dec. 31, 2021
Operating Expense [Abstract]
Voyage Expenses	Voyage Expenses (Dollars in thousands) 2021 2020 2019 Bunkers $ 72,925 $ 106,104 $ 156,171 Other Voyage Related Expenses 19,480 34,460 31,329 Total Voyage Expenses $ 92,405 $ 140,564 $ 187,500
Vessel Operating Expenses	Vessel Operating Expenses (Dollars in thousands) 2021 2020 2019 Operating Expenses $ 71,609 $ 75,944 $ 72,541 Insurance 6,198 6,244 5,785 Total Vessel Operating Expenses $ 77,807 $ 82,188 $ 78,327
General and Administrative Expenses	General and Administrative Expenses: (Dollars in thousands) 2021 2020 2019 Total Compensation to Employees and Directors $ 11,890 $ 14,163 $ 10,331 Office and Administrative Expenses 3,351 2,413 2,633 Audit, Legal and Consultancy 1,325 1,313 1,826 Total General and Administrative Expenses $ 16,565 $ 17,890 $ 14,789
Stock Compensation Series	Stock Compensation Series Number of shares Vesting Period Fair value at grant date (1) Granted January 2017, restricted shares 900,000 2 years $ 4.61 (2) Granted January 2018, restricted shares 355,000 1 year 3.92 (3) Granted January 2018, restricted shares 212,000 3 years 2.30 (4) Granted January 2019, restricted shares 360,000 3 years 4.25 (5) Granted January 2019, restricted shares 200,000 3 years 3.04 (6) Granted March 2019, restricted shares 210,000 1 year 4.60 (7) Granted January 2020, restricted shares 460,000 3 years 8.22 (8) Granted January 2020, restricted shares 150,000 1 year 8.22 (9) Granted January 2020, restricted shares 200,000 1 year 3.56 (10) Granted January 2021, restricted shares 579,100 3 years 5.52 (11) Granted January 2021, restricted shares 175,000 1 year 5.52 (12) Granted January 2021, restricted shares 119,900 3 years $ 3.22
Reconciliation of Outstanding Restricted Common Stock and Share Options	The following reconciles the number of outstanding restricted common stock and share options: Restricted common stock Outstanding at December 31, 2018 545,500 Granted 770,000 Exercised* 755,500 Forfeited - Outstanding at December 31, 2019 560,000 Outstanding at December 31, 2019 560,000 Granted 810,000 Exercised* 550,002 Forfeited - Outstanding at December 31, 2020 819,998 Outstanding at December 31, 2020 819,998 Granted 874,000 Exercised* 733,133 Forfeited - Outstanding at December 31, 2021 960,865 *Does not include shares in lieu of dividends
Stock Compensation Expense	Stock Compensation Expense (Dollars in thousands) 2021 2020 2019 Expense recognized from stock compensation $ 4,371 $ 4,792 $ 2,532
Remuneration of Executives and Directors	Remuneration of Directors and Executives as a group: (Dollars in thousands) 2021 2020 2019 Cash compensation $ 5,050 $ 3,897 $ 3,518 Pension cost 219 206 36 Share compensation* 3,508 4,364 2,003 Total remuneration $ 8,776 $ 8,466 $ 5,556 * Share compensation reflects the expense recognized.
Shares held by Executives and Directors	Shares held by Directors and Executives: 2021 2020 2019 Directors and Executives as a group* 2,958,894 2,303,011 3,615,221 *Includes 725,665 (2020: 619,998, 2019: 440,000) shares of restricted stock subject to vesting conditions.

Tax (Tables)

Tax (Tables)	12 Months Ended
Tax (Tables)	Dec. 31, 2021
Tax [Abstract]
Specification of Income Tax	Specification of income tax: (Dollars in thousands) 2021 2020 2019 Income tax payable $ 378 $ 587 $ 111 Tax expenses related to previous year (27 ) 309 32 Change in deferred tax 9 5 (12 ) Total income tax expense $ 360 $ 900 $ 131
Specification of Temporary Differences and Deferred Tax	Specification of temporary differences and deferred tax: (Dollars in thousands) December 31, 2021 December 31, 2020 December 31, 2019 Property, plant and equipment $ (11 ) $ 2 $ (13 ) Pensions (662 ) (612 ) (420 ) Total basis for deferred tax (674 ) (610 ) (432 ) Deferred tax liability(asset), net (1)(2) $ (152 ) $ (140 ) $ (102 ) Deferred tax (asset), gross (3) (166 ) (161 ) (126 ) Deferred tax liability, gross (3) 14 21 24 (1) Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position. (2) The general income tax rate was reduced from 23% to 22%, effective from fiscal year 2019. (3) Deferred tax liability is related to the subsidiary in Singapore and cannot be offset with the deferred tax asset related to the subsidiary in Norway.
Reconciliation of Income Tax Expense	Reconciliation of income tax expense: (Dollars in thousands) 2021 2020 2019 Profit/(loss) before income tax $ (11,147 ) $ 267,181 $ 73,812 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 360 900 131 Total income tax expense $ 360 $ 900 $ 131

Investment in associate compa_2

Investment in associate company (Tables)	12 Months Ended
Investment in associate company (Tables)	Dec. 31, 2021
Investment in associate company [Abstract]
Investment in Associate Company	(Dollars in thousands) 2021 2020 Investment in associate company $ 5,406 $ 5,233
Details of Associate	Details of associate are as follows: Name of associate Principal activities Place of incorporation and business Effective equity interest 2021 2020 Goodwood Ship Management Pte. Ltd. Ship management Singapore 50% 50%
Share of Profit of the Associate Using in Equity Method	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 2021 2020 Profit after taxation $ 1,278 $ 1,193 Other comprehensive income for the year, net of tax $ (74 ) $ 104 Total comprehensive income for the year $ 1,204 $ 1,297

Condensed Financial Informati_2

Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]
Financial Position	FINANCIAL POSITION (Dollars in thousands) ASSETS December 31, December 31, Current assets 2021 2020 Cash and cash equivalents $ 15,539 $ 5,310 Accounts receivable and prepaid expenses 74 1,679 Amounts due from related parties 90,190 84,725 Total current assets $ 105,803 $ 91,713 Investments in subsidiaries $ 392,489 $ 434,172 Loan to subsidiaries 338,051 324,420 Investment in associate company 201 201 Total non-current assets $ 730,741 $ 758,793 Total assets $ 836,545 $ 850,506 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable and accrued expenses $ 447 $ 170 Total current liabilities $ 447 $ 170 Stockholders’ equity Stock $ 1,661 $ 1,708 Paid-in additional capital 1,217,244 1,245,449 Accumulated deficit (382,808 ) (396,820 ) Total stockholders’ equity $ 836,097 $ 850,336 Total liabilities and stockholders’ equity $ 836,545 $ 850,506
Income Statement	INCOME STATEMENT (Dollars in thousands) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Revenues $ 980 $ - $ - Impairment charge (35,149 ) (35,278 ) 455 Dividend income 70,746 17,081 25,519 General and administrative expense (17,742 ) (19,148 ) (14,782 ) Operating income/(loss) $ 18,835 $ (37,345 ) $ 11,192 Interest income $ 17,233 $ 21,434 $ 27,943 Interest expense - (6,766 ) (12,177 ) Other financial income 26 245 17 Profit/(loss) for the year $ 36,095 $ (22,433 ) $ 26,975
Statement of Comprehensive Income	Statement of Comprehensive Income (Dollars in thousands) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Profit/(loss) for the year $ 36,095 $ (22,433 ) $ 26,975 Total comprehensive income/(loss) for the period $ 36,095 $ (22,433 ) $ 26,975 Attributable to the owners $ 36,095 $ (22,433 ) $ 26,975
Cash Flow	CASH FLOW (Dollars in thousands) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Cash Flows from Operating Activities: Profit/(loss) for the year $ 36,095 $ (22,433 ) $ 26,975 Items included in net income not affecting cash flows: Amortization - 3,250 5,459 Impairment charge 35,149 35,278 (455 ) Compensation related to options and restricted stock 3,203 4,204 693 Changes in operating assets and liabilities: Accounts receivable and prepaid expenses 1,604 (805 ) (500 ) Accounts payable and accrued expenses 277 (2,246 ) (1,317 ) Amounts due to related parties (6,834 ) (43,313 ) (63,280 ) Net cash provided by/(used in) operating activities $ 69,494 $ (26,063 ) $ (32,425 ) Cash flows from Investing Activities Loan to subsidiaries $ (5,004 ) $ 223,550 $ 75,500 Net cash (used in)/provided by investing activities $ (5,004 ) $ 223,550 $ 75,500 Cash flows from Financing Activities Cash dividends paid $ (22,083 ) $ (214,669 ) $ (28,685 ) Purchase of treasury shares (32,178 ) - (3,248 ) Issuance of convertible bonds - - (7 ) Repayment of convertible bonds - - (6,426 ) Net cash used in financing activities $ (54,261 ) $ (214,669 ) $ (38,366 ) Net increase/(decrease) in cash and cash equivalents $ 10,229 $ (17,182 ) $ 4,709 Cash and cash equivalents at beginning of period 5,310 22,492 17,783 Cash and cash equivalents at end of period $ 15,539 $ 5,310 $ 22,492
Profit/(Loss) Reconciliation	Profit/(Loss) Reconciliation (Dollars in thousands) Jan. 1 - Dec. 31, 2021 Jan. 1 - Dec. 31, 2020 Jan. 1 - Dec. 31, 2019 Profit/(loss) of the parent company only under cost method of accounting $ 36,095 $ (22,433 ) $ 26,975 Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting (47,776 ) 288,653 46,969 Profit/(loss) of the parent company only under equity method of accounting $ (11,681 ) $ 266,221 $ 73,944
Equity Reconciliation	Equity Reconciliation (Dollars in thousands) December 31, 2021 December 31, 2020 December 31, 2019 Equity of the parent company only under cost method of accounting $ 836,097 $ 850,336 $ 962,796 Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting 310,608 358,384 69,731 Equity of the parent company only under equity method of accounting $ 1,146,706 $ 1,208,720 $ 1,032,527

General information (Details)

General information (Details)	12 Months Ended
General information (Details)	Dec. 31, 2021SubsidiariesCrudeCarriert
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	32
Number of large crude carriers \| CrudeCarrier	26
Total carrying capacity \| t	8,043,657
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	200,000
Marshall Island [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	20
Number of vessel-owning subsidiaries	20
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	3
Monegasque [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	1
Norwegian [Member]
Disclosure of subsidiaries [abstract]
Number of wholly owned subsidiaries	1

Significant accounting princi_3

Significant accounting principles (Details)	12 Months Ended
Significant accounting principles (Details)	Dec. 31, 2021Segment
Segment Information [Abstract]
Number of operating segment	1
Bottom of Range [Member]
Investments in Associates [Abstract]
Percentage of voting rights	20.00%
Docking and Survey Expenditure [Abstract]
Term for vessels to be drydocked	30 months
Top of Range [Member]
Investments in Associates [Abstract]
Percentage of voting rights	50.00%
Docking and Survey Expenditure [Abstract]
Term for vessels to be drydocked	60 months
Vessels [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	20 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	5 years
Computer Equipment [Member]
Property, Plant and Equipment [Abstract]
Expected useful life	3 years

Segment information (Details)

Segment information (Details) $ in Thousands	12 Months Ended
Segment information (Details) $ in Thousands	Dec. 31, 2021USD ($)VesselSegmentCustomer	Dec. 31, 2020USD ($)VesselCustomer	Dec. 31, 2019USD ($)VesselCustomer
Operating Segments [Abstract]
Number of operating segments \| Segment	1
Information About Major Customers [Abstract]
Number of vessels in operation \| Vessel	26	27	27
Revenues	$ 295,853	$ 691,039	$ 535,068
Number of major customers \| Customer	5	5	5
Time Charters [Member]
Information About Major Customers [Abstract]
Number of vessels in operation \| Vessel	7	18	5
Spot Market [Member]
Information About Major Customers [Abstract]
Number of vessels in operation \| Vessel	19	9	22
Major Customer [Member]
Information About Major Customers [Abstract]
Revenues	$ 157,601	$ 283,042	$ 311,120
Percentage of aggregate revenue	53.00%	41.00%	58.00%
Customer One [Member]
Information About Major Customers [Abstract]
Revenues	$ 41,418	$ 78,513	$ 84,067
Customer Two [Member]
Information About Major Customers [Abstract]
Revenues	35,154	57,777	79,161
Customer Three [Member]
Information About Major Customers [Abstract]
Revenues	28,322	55,371	73,629
Customer Four [Member]
Information About Major Customers [Abstract]
Revenues	26,392	53,711	39,477
Customer Five [Member]
Information About Major Customers [Abstract]
Revenues	$ 26,315	$ 37,670	$ 34,786

Charter arrangements, Shipping

Charter arrangements, Shipping revenues (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shipping Revenues [Abstract]
Shipping revenues		$ 295,853	$ 691,039	$ 535,068
Time Charter Revenues [Member]
Shipping Revenues [Abstract]
Shipping revenues	[1]	140,730	182,663	57,472
Time Charter Revenues [Member] \| IFRS 15 [Member]
Shipping Revenues [Abstract]
Shipping revenues		36,384	33,224	14,826
Voyage Charter Revenues [Member]
Shipping Revenues [Abstract]
Shipping revenues		$ 155,124	$ 508,375	$ 477,595

[1]	Time charter revenue is presented in accordance with IFRS 16 Leases, while the portion of time charter revenue related to technical management services, equaling $36,384 thousand, $33,224 thousand and $14,826 thousand, for 2021, 2020 and 2019 respectively, is recognized in accordance with IFRS 15 Revenue from Contracts with Customers.

Charter arrangements, Summary o

Charter arrangements, Summary of vessel employment (Details)	12 Months Ended
	Dec. 31, 2021
DHT Amazon [Member]
Vessel employment [Abstract]
Type of Employment	Time charter with profit sharing
Expiry	Q2 2023
DHT Bauhinia [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Bronco [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT China [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Colt [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q3 2022
DHT Edelweiss [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Europe [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Falcon [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Hawk [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Harrier [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q4 2024
DHT Jaguar [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Leopard [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Lion [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Lotus [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Mustang [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q3 2022
DHT Opal [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Osprey [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Panther [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Peony [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Puma [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Redwood [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Scandinavia [Member]
Vessel employment [Abstract]
Type of Employment	Spot
DHT Stallion [Member]
Vessel employment [Abstract]
Type of Employment	Time charter
Expiry	Q2 2022
DHT Sundarbans [Member]
Vessel employment [Abstract]
Type of Employment	Time charter with profit sharing
Expiry	Q1 2022
DHT Taiga [Member]
Vessel employment [Abstract]
Type of Employment	Time charter with profit sharing
Expiry	Q4 2022
DHT Tiger [Member]
Vessel employment [Abstract]
Type of Employment	Spot

Charter arrangements, Future ch

Charter arrangements, Future charter payments (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Charter arrangements [Abstract]
2022	$ 53,118
2023	16,785
2024	10,039
Thereafter	0
Net charter payments	79,942	$ 122,313	$ 91,556
Other income [Abstract]
Distribution of equity received	$ 4,612

Charter arrangements, Contract

Charter arrangements, Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Contract balances [Abstract]
Deferred shipping revenues	$ 4,865	$ 16,236	$ 930
Capitalized voyage expenses	1,395	1,039	4,151
Impairment losses	0	0	0
Voyage in progress at the end of December 31, 2021 [member]
Contract balances [Abstract]
Amortisation expense	1,661
Voyage in progress at the end of December 31, 2020 [Member]
Contract balances [Abstract]
Amortisation expense	$ 1,039	397
Voyage in progress at the end of December 31, 2019 [Member]
Contract balances [Abstract]
Amortisation expense		$ 4,151	4,440
Voyage in progress at the end of December 31, 2018 [Member]
Contract balances [Abstract]
Amortisation expense			$ 1,633

Charter arrangements, Additiona

Charter arrangements, Additional Information (Details)	12 Months Ended
Charter arrangements, Additional Information (Details)	Dec. 31, 2021VesselCounterparty	Dec. 31, 2020VesselCounterparty	Dec. 31, 2019VesselCounterparty
Concentration of Risk [Abstract]
Number of vessels	26	27	27
Number of counterparties \| Counterparty	5	10	4
Time Charters [Member]
Concentration of Risk [Abstract]
Number of vessels	7	18	5
Spot Market [Member]
Concentration of Risk [Abstract]
Number of vessels	19	9	22

Earnings per share ("EPS") (Det

Earnings per share ("EPS") (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components of calculation of basic EPS and diluted EPS [Abstract]
Profit/(loss) for the period used for calculation of EPS - basic		$ (11,521)	$ 266,266	$ 73,679
Interest and amortization on the convertible notes		0	6,766	12,177
Profit/(loss) for the period used for calculation of EPS - dilutive		$ (11,521)	$ 273,032	$ 85,856
Basic earnings per share [Abstract]
Weighted average number of shares (basic) (in shares)		169,089,325	155,712,886	143,437,164
Diluted earnings per share [Abstract]
Weighted average shares outstanding - basic (in shares)		169,089,325	155,712,886	143,437,164
Dilutive equity awards (in shares)	[1]	0	65,873	133,342
Dilutive shares related to convertible notes (in shares)		0	14,275,217	24,589,370
Weighted average shares outstanding - dilutive (in shares)		169,089,325	170,053,975	168,159,876
Antidilutive securities excluded from calculation of diluted weighted average number of shares outstanding (in shares)		77,546

[1]	In 2021, 77,546 equity awards were not included in the calculation of the dilutive weighted average shares outstanding due to being anti-dilutive

Vessels and subsidiaries, Detai

Vessels and subsidiaries, Details of Vessel Subsidiaries (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2021USD ($)tSubsidiariesVLCC	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Vessel Subsidiaries [Abstract]
Number of subsidiaries for management services \| Subsidiaries		3
Year Built		2004
Number of VLCC's available for sale per sale agreements \| VLCC		3
Proceeds from sale of vessels \| $		$ 87,062	$ 0	$ 0
Gain on sale of vessels \| $		$ 15,153	$ 0	$ 0
Vessel Subsidiaries [Member]
Vessel Subsidiaries [Abstract]
Percentage of vessel subsidiaries owned		100.00%
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 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		314,249
Flag State		RIF
Year Built		2012
DHT Taiga [Member]
Vessel Subsidiaries [Abstract]
Company		Samco Iota Ltd
DWT		314,249
Flag State		Hong Kong
Year Built		2012
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 Amazon [Member]
Vessel Subsidiaries [Abstract]
Company		Samco Eta Ltd
DWT		314,249
Flag State		RIF
Year Built		2011
DHT Redwood [Member]
Vessel Subsidiaries [Abstract]
Company		Samco Kappa Ltd
DWT		314,249
Flag State		Hong Kong
Year Built		2011
DHT Edelweiss [Member]
Vessel Subsidiaries [Abstract]
Company		DHT Edelweiss Inc
DWT		301,021
Flag State		Hong Kong
Year Built		2008
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 Hawk [Member]
Vessel Subsidiaries [Abstract]
Company		DHT Hawk Inc
DWT		298,923
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
DHT Falcon [Member]
Vessel Subsidiaries [Abstract]
Company		DHT Falcon Inc
DWT		298,971
Flag State		Hong Kong
Year Built		2006
DHT Lake [Member]
Vessel Subsidiaries [Abstract]
Company	[1]	DHT Lake Inc
DWT	[1]	298,564
Flag State	[1]	Hong Kong
Year Built	[1]	2004
DHT Raven [Member]
Vessel Subsidiaries [Abstract]
Company	[1]	DHT Raven Inc
DWT	[1]	298,563
Flag State	[1]	Hong Kong
Year Built	[1]	2004
DHT Condor [Member]
Vessel Subsidiaries [Abstract]
Company	[1]	DHT Condor, Inc.
DWT	[1]	320,050
Flag State	[1]	Hong Kong
Year Built	[1]	2004
DHT Raven, DHT Lake and DHT Condor [Member]
Vessel Subsidiaries [Abstract]
Proceeds from sale of vessels \| $		$ 88,750

[1]	In 2021, the Company entered into three separate agreements to sell its three 2004 built VLCCs, DHT Raven, DHT Lake and DHT Condor, for an aggregate of $88.75 million. DHT Raven was delivered in April, DHT Lake was delivered in May, and DHT Condor was delivered in July 2021. A gain of $15.2 million was recorded in relation to the sale of these VLCCs.

Vessels and subsidiaries, Vesse

Vessels and subsidiaries, Vessels and time charter contracts (Details)	3 Months Ended		12 Months Ended
	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)Vessel
Reconciliation of changes in property, plant and equipment [abstract]
Net book value	$ 1,476,436,000		$ 1,467,846,000	$ 1,476,436,000
Impairment [Abstract]
Non-cash impairment charge	$ 7,600,000	$ 4,900,000		$ 12,600,000
Number of vessels recorded non-cash impairment charge \| Vessel				3
Percentage of estimated weighted average cost of capital	8.59%	8.12%
Percentage of decreasing the weighted average cost of capital	0.50%
Impact of a 0.5% adverse change of weighted average cost of capital on impairment charge	$ 1,500,000
Increasing/(decreasing) in future charter rates per day	500
Impact of $500 per day adverse change of future charter rates on impairment charge	1,400,000
Impact of $500 per day favorable change of future charter rates on impairment charge	(1,400,000)
Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			2,130,204,000	$ 2,115,745,000
Additions			68,156,000
Transferred from vessels upgrades			122,907,000	22,964,000
Disposals			(155,664,000)	(8,505,000)
Balance, end of period	2,130,204,000		2,165,604,000	2,130,204,000
Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			(653,769,000)	(526,301,000)
Charge for the period			(127,743,000)	(123,412,000)
Impairment charges				(12,560,000)
Disposals			83,754,000	8,505,000
Balance, end of period	(653,769,000)		(697,758,000)	(653,769,000)
Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			17,269,000	11,652,000
Additions			106,010,000	28,581,000
Transferred to vessels			(122,907,000)	(22,964,000)
Balance, end of period	17,269,000		372,000	17,269,000
Time Charter Contracts [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Net book value	452,000		0	452,000
Time Charter Contracts [Member] \| Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			6,600,000	6,600,000
Additions			0
Transferred from vessels upgrades			0	0
Disposals			(6,600,000)	0
Balance, end of period	6,600,000		0	6,600,000
Time Charter Contracts [Member] \| Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			(6,148,000)	(5,170,000)
Charge for the period			(452,000)	(978,000)
Impairment charges				0
Disposals			6,600,000	0
Balance, end of period	(6,148,000)		0	(6,148,000)
Time Charter Contracts [Member] \| Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			0	0
Additions			0	0
Transferred to vessels			0	0
Balance, end of period	0		$ 0	0
VLCC [Member]
Impairment [Abstract]
Impairment rate for time charter equivalents, remaining period in current year		$ 20,107
Impairment rate for time charter equivalents, first year		21,550		19,610
Impairment rate for time charter equivalents, second year		21,194		25,279
Impairment rate for time charter equivalents, thereafter		$ 42,557		$ 42,466
Percentage of reduction in impairment rate		20.00%		20.00%
Consideration period for reduction in impairment rate			15 years
VLCC [Member] \| VLCCs built 2015 and Later [Member]
Impairment [Abstract]
Lower fuel consumption for modern vessels		$ 4,000		$ 4,000
Vessels [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Net book value	1,423,981,000		$ 1,405,420,000	1,423,981,000
Depreciation and amortisation expense [abstract]
Estimated useful life of assets			20 years
Vessels [Member] \| Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			$ 2,020,690,000	2,015,795,000
Additions			66,531,000
Transferred from vessels upgrades			75,417,000	4,896,000
Disposals			(110,713,000)	0
Balance, end of period	2,020,690,000		2,051,924,000	2,020,690,000
Vessels [Member] \| Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			(596,709,000)	(487,996,000)
Charge for the period			(94,700,000)	(96,153,000)
Impairment charges				(12,560,000)
Disposals			44,905,000	0
Balance, end of period	(596,709,000)		(646,504,000)	(596,709,000)
Vessels [Member] \| Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			2,788,000	1,371,000
Additions			72,861,000	6,313,000
Transferred to vessels			(75,417,000)	(4,896,000)
Balance, end of period	2,788,000		232,000	2,788,000
Drydock [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Net book value	20,963,000		36,602,000	20,963,000
Drydock [Member] \| Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			51,843,000	50,868,000
Additions			139,000
Transferred from vessels upgrades			30,158,000	9,480,000
Disposals			(27,772,000)	(8,505,000)
Balance, end of period	51,843,000		54,368,000	51,843,000
Drydock [Member] \| Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			(30,880,000)	(26,629,000)
Charge for the period			(13,270,000)	(12,756,000)
Impairment charges				0
Disposals			26,383,000	8,505,000
Balance, end of period	(30,880,000)		(17,766,000)	(30,880,000)
Drydock [Member] \| Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			3,265,000	0
Additions			27,033,000	12,745,000
Transferred to vessels			(30,158,000)	(9,480,000)
Balance, end of period	3,265,000		140,000	3,265,000
Scrubbers [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Net book value	31,039,000		25,824,000	31,039,000
Impairment [Abstract]
Lower fuel consumption for modern vessels		$ 3,000		4,000
Scrubbers [Member] \| Cost [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			51,071,000	42,482,000
Additions			1,486,000
Transferred from vessels upgrades			17,333,000	8,589,000
Disposals			(10,579,000)	0
Balance, end of period	51,071,000		59,311,000	51,071,000
Scrubbers [Member] \| Accumulated Depreciation and Impairment [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			(20,032,000)	(6,507,000)
Charge for the period			(19,322,000)	(13,525,000)
Impairment charges				0
Disposals			5,866,000	0
Balance, end of period	(20,032,000)		(33,488,000)	(20,032,000)
Scrubbers [Member] \| Vessel Upgrades [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Balance, beginning of period			11,216,000	10,281,000
Additions			6,117,000	9,524,000
Transferred to vessels			(17,333,000)	(8,589,000)
Balance, end of period	11,216,000		$ 0	11,216,000
DHT China [Member]
Impairment [Abstract]
Non-cash impairment charge				2,800,000
Recoverable amount	38,400,000			38,400,000
DHT Europe [Member]
Impairment [Abstract]
Non-cash impairment charge				6,300,000
Recoverable amount	38,000,000			38,000,000
DHT Scandinavia [Member]
Impairment [Abstract]
Non-cash impairment charge				3,500,000
Recoverable amount	$ 40,400,000			$ 40,400,000

Vessels and subsidiaries, Time

Vessels and subsidiaries, Time charter contracts (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Vessel	Dec. 31, 2020USD ($)Vessel	Dec. 31, 2019Vessel
Intangible assets [Abstract]
Carrying amount	$ 0	$ 452
Pledged assets [Abstract]
Number of vessels \| Vessel	26	27	27
DHT China Charter [Member]
Intangible assets [Abstract]
Carrying amount	$ 0	$ 452

Accounts payable and accrued _3

Accounts payable and accrued expenses (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Accounts payable and accrued expenses [Abstract]
Accounts payable		$ 11,111	$ 2,811
Accrued interest		510	719
Accrued voyage expenses		2,426	1,593
Accrued employee compensation		1,712	4,176
Other	[1]	3,903	9,204
Total accounts payable and accrued expenses	[2]	$ 19,662	$ 18,503

[1]	Other includes accrued operating expenses and accrued capital expenditures.
[2]	Amortized cost.

Financial instruments, Categori

Financial instruments, Categories of financial instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019	Dec. 31, 2018
Financial assets [Abstract]
Cash and cash equivalents		$ 60,658	[1],[2]	$ 68,641	[1],[2]	$ 67,356	$ 94,944
Accounts receivable and accrued revenues	[1]	30,361		30,060
Total financial assets		91,018		98,700
Financial liabilities [Abstract]
Accounts payables and accrued expenses	[1]	19,662		18,503
Derivative financial liabilities, current	[3]	7,002		9,073
Current portion long-term debt	[1]	9,792		3,396
Long-term debt	[1]	512,507		446,562
Derivative financial liabilities, non-current	[3]	4,222		14,601
Total financial liabilities		553,184		492,135
Restricted cash		$ 289		$ 299

[1]	Amortized cost.
[2]	Cash and cash equivalents include $289 thousand in restricted cash in 2021 and $299 thousand in 2020, including employee withholding tax.
[3]	Fair value through profit or loss.

Financial instruments, Derivati

Financial instruments, Derivatives interest rate swaps (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivatives - interest rate swaps [Abstract]
Notional amount	$ 334,365	$ 357,141
Fair value	$ 11,224	23,673
Swap Pays 2.987% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.987%
Expiries	Apr. 20, 2023
Notional amount	$ 39,600	42,000
Fair value	$ 1,173	2,541
Swap Pays 3.012%, [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.012%
Expiries	Apr. 20, 2023
Notional amount	$ 39,600	42,000
Fair value	$ 1,185	2,564
Swap Pays 3.019% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.019%
Expiries	Sep. 29, 2023
Notional amount	$ 28,176	30,743
Fair value	$ 1,017	2,131
Swap Pays 3.019% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.019%
Expiries	Sep. 29, 2023
Notional amount	$ 27,262	29,829
Fair value	$ 982	2,060
Swap Pays 2.8665% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.8665%
Expiries	Sep. 29, 2023
Notional amount	$ 43,690	46,260
Fair value	$ 1,509	3,147
Swap Pays 2.8785% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.8785%
Expiries	Jun. 30, 2023
Notional amount	$ 38,106	40,673
Fair value	$ 1,162	2,513
Swap Pays 2.885% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.885%
Expiries	Sep. 29, 2023
Notional amount	$ 43,048	45,618
Fair value	$ 1,504	3,139
Swap Pays 2.897% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	2.897%
Expiries	Sep. 30, 2023
Notional amount	$ 38,284	40,851
Fair value	$ 1,339	2,792
Swap Pays 3.020% [Member]
Derivatives - interest rate swaps [Abstract]
Interest rate	3.02%
Expiries	Sep. 29, 2023
Notional amount	$ 36,600	39,167
Fair value	$ 1,353	$ 2,786

Financial instruments, Interest

Financial instruments, Interest bearing debt (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jun. 30, 2021	May 31, 2021	Dec. 31, 2020	Apr. 30, 2020	Aug. 31, 2018	Nov. 30, 2014
Interest-bearing debt [Abstract]
Remaining notional	$ 530,477
Carrying amount	522,299			$ 449,959
Credit Agricole Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	35,136
Carrying amount	$ 35,002			37,626
Credit Agricole Credit Facility [Member] \| LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.19%
Danish Ship Finance Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 33,973
Carrying amount	$ 33,683			36,015	$ 36,400		$ 49,400
Danish Ship Finance Credit Facility [Member] \| LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.00%						2.00%
Nordea Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 231,300
Carrying amount	225,214		$ 316,200	109,423
Undrawn borrowing facilities	$ 78,700
Nordea Credit Facility [Member] \| LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	1.90%	1.90%
ABN Amro Credit Facility [Member]
Interest-bearing debt [Abstract]
Remaining notional	$ 230,067
Carrying amount	228,400			$ 266,895
Undrawn borrowing facilities	$ 100,000
ABN Amro Credit Facility [Member] \| LIBOR [Member]
Interest-bearing debt [Abstract]
Interest rate spread	2.40%
Convertible Senior Notes due 2021 [Member]
Interest-bearing debt [Abstract]
Interest rate spread						4.50%

Financial instruments, Reconcil

Financial instruments, Reconciliation of liabilities arising from financing activities (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[1]	$ 454,019	$ 853,817
Financing cash flows	[1],[2]	72,228	(287,199)
Non-cash changes [Abstract]
Amortization	[1]	2,550	5,538
Equity component of convertible notes	[1]	0	(119,818)
Other changes	[1],[3]	(3,213)	1,681
Ending balance	[1]	525,584	454,019
Current portion long term debt	[4]	9,792	3,396
Long term debt	[4]	512,507	446,562
Other current liabilities		624	721
Other non-current liabilities		3,330	3,957
Bank Loans [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[5]	449,959	734,404
Financing cash flows	[2],[5]	72,840	(286,733)
Non-cash changes [Abstract]
Amortization	[5]	2,550	2,288
Other changes	[3],[5]	(3,049)
Ending balance	[5]	522,299	449,959
Current portion long term debt		9,792	3,396
Long term debt		512,507	446,562
Convertible Senior Notes due 2021 [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance		0	116,568
Non-cash changes [Abstract]
Amortization			3,250
Equity component of convertible notes			(119,818)
Ending balance			0
Office Leases [Member]
Reconciliation of liabilities arising from financing activities [Abstract]
Beginning balance	[6]	4,060	2,846
Financing cash flows	[2],[6]	(611)	(467)
Non-cash changes [Abstract]
Other changes	[3],[6]	(164)	1,681
Ending balance	[6]	3,285	4,060
Other current liabilities		624	721
Other non-current liabilities		$ 2,661	$ 3,339

[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 for the year 2021 represent gain on modification of debt, including previously capitalized fees and foreign exchange effects during the year related to IFRS 16 Leases Leases
[4]	Amortized cost.
[5]	As of December 31, 2021, bank loans consist of current portion long-term debt of $9,792 thousand and long-term debt of $512,507 thousand. As of December 31, 2020, bank loans consist of current portion long-term debt of $3,396 thousand and long-term debt of $446,562 thousand.
[6]	As of December 31, 2021, office leases consist of current liabilities of $624 thousand and $2,661 thousand of non-current liabilities. As of December 31, 2020, office leases consist of current liabilities of $721 thousand and $3,339 thousand of non-current liabilities. The remaining balance of non-current liabilities consist of pensions for both 2021 and 2020, respectively.

Financial risk management, ob_3

Financial risk management, objectives and policies, Market risk (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)TypeSwap	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Market risk [Abstract]
Number of types of risk in market prices \| Type	4
Number of interest rate swaps \| Swap	9
Interest rate swaps total aggregate notional amount	$ 334,365	$ 357,141
Increase (decrease) in profit (loss) due to change in interest rates by fifty basis points	$ (981)	$ (488)	$ (1,805)

Financial risk management, ob_4

Financial risk management, objectives and policies, Credit risk (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2021USD ($)InstitutionVesselCounterpartyCustomer	Dec. 31, 2020USD ($)VesselCustomerCounterparty	Dec. 31, 2019VesselCustomerCounterparty
Credit risk [Abstract]
Number of vessels chartered with counterparties \| Vessel		7	18	5
Number of vessels \| Vessel		26	27	27
Number of counterparties \| Counterparty		5	10	4
Number of vessels operated in spot market \| Vessel		19	9	22
Number of financial institutions for holding cash \| Institution		6
Number of major customers \| Customer		5	5	5
Current trade receivables	[1]	$ 30,361	$ 30,060
Disclosure of maximum credit exposure [Abstract]
Cash and cash equivalents		60,658	68,641
Accounts receivable and accrued revenues		30,361	30,060
Maximum credit exposure		91,018	$ 98,700
Customer One [Member]
Credit risk [Abstract]
Current trade receivables		10,317
Customer Two [Member]
Credit risk [Abstract]
Current trade receivables		5,164
Customer Three [Member]
Credit risk [Abstract]
Current trade receivables		5,156
Customer Four [Member]
Credit risk [Abstract]
Current trade receivables		2,999
Customer Five [Member]
Credit risk [Abstract]
Current trade receivables		$ 2,411

[1]	Amortized cost.

Financial risk management, ob_5

Financial risk management, objectives and policies, Liquidity risk (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	$ 574,973	$ 494,552
Interest rate swaps	13,890	20,956
Total	588,863	515,507
1 Year [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	24,112	19,110
Interest rate swaps	8,929	8,541
Total	33,041	27,651
2 to 5 Years [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	430,136	475,441
Interest rate swaps	4,961	12,415
Total	435,097	487,857
More than 5 Years [Member]
Contractual Maturities of Financial Liabilities [Abstract]
Interest bearing loans	120,724	0
Interest rate swaps	0	0
Total	$ 120,724	$ 0

Financial risk management, ob_6

Financial risk management, objectives and policies, Credit Agricole Credit Facility (Details) $ in Thousands	Jun. 22, 2015USD ($)VLCC	Jun. 30, 2016USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2021USD ($)Installment	Dec. 31, 2020USD ($)	Jan. 16, 2017USD ($)
Credit Facility [Abstract]
Borrowing amount				$ 522,299	$ 449,959
Credit Agricole Credit Facility [Member]
Credit Facility [Abstract]
Number of VLCCs whose acquisition is to be funded through credit facility \| VLCC	1
Borrowing amount				35,002	$ 37,626
Credit facility covenant, required adjusted tangible net worth				$ 200,000
Credit Agricole Credit Facility [Member] \| Top of Range [Member]
Credit Facility [Abstract]
Financing commitment	$ 50,000
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				$ 20,000
Credit facility covenant, required percentage of unencumbered consolidated cash to gross interest bearing debt				6.00%
Credit Agricole Credit Facility [Member] \| LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis				2.19%
Credit Agricole Credit Facility [Member] \| December 2023 [Member]
Credit Facility [Abstract]
Debt repayment final amount				$ 29,700
Credit Agricole Credit Facility [Member] \| Tranche B [Member]
Credit Facility [Abstract]
Borrowing amount						$ 48,700
Number of installments for repaying debt \| Installment				28
Debt repayment installment amount				$ 700
Frequency of periodic repayment				quarterly
Credit Agricole Credit Facility [Member] \| Tranche B [Member] \| LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis						2.1875%
Credit Agricole Credit Facility [Member] \| Tranche B [Member] \| June 2016 [Member]
Credit Facility [Abstract]
Debt prepayment before installment term		$ 5,000
Credit Agricole Credit Facility [Member] \| Tranche B [Member] \| March 2017 to December 2023 [Member]
Credit Facility [Abstract]
Debt prepayment before installment term			$ 12,700

Financial risk management, ob_7

Financial risk management, objectives and policies, Danish Ship Finance Credit Facility (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2014USD ($)Carrier	Dec. 31, 2021USD ($)Installment	Dec. 31, 2020USD ($)	Apr. 30, 2020USD ($)
Credit Facility [Abstract]
Borrowing amount		$ 522,299	$ 449,959
Danish Ship Finance Credit Facility [Member]
Credit Facility [Abstract]
Borrowing amount	$ 49,400	$ 33,683	$ 36,015	$ 36,400
Number of VLCCs whose acquisition is to be funded through credit facility \| Carrier	1
Term		5 years
Maturity date		November 2025
Number of installments for repaying debt \| Installment		10
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 [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%
Danish Ship Finance Credit Facility [Member] \| LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis	2.00%	2.00%

Financial risk management, ob_8

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

Nov. 30, 2020USD ($)

Jun. 30, 2021USD ($)

Feb. 28, 2021USD ($)

Jan. 31, 2021USD ($)

Aug. 31, 2020USD ($)

May 31, 2020USD ($)

Mar. 31, 2019USD ($)

Jun. 30, 2017USD ($)Carrier

Apr. 30, 2017USD ($)Building

Dec. 31, 2021USD ($)

May 31, 2021USD ($)

Dec. 31, 2020USD ($)

Nov. 30, 2019USD ($)

Sep. 30, 2018USD ($)

Aug. 31, 2018

Jun. 30, 2018USD ($)

Credit Facility [Abstract]

Borrowing amount

$ 522,299

$ 449,959

Old Nordea Credit Facility [Member]

Credit Facility [Abstract]

Term

6 years

Borrowing amount

$ 204,000

$ 300,000

$ 96,000

Drawdown

$ 50,000

$ 15,000

Repayments of borrowings

$ 175,900

Number of VLCCs delivered | Carrier

Debt repayment installment amount

$ 4,200

Debt prepayment before installment term

$ 25,800

$ 37,000

$ 25,800

$ 35,000

Old Nordea Credit Facility [Member] | Second Quarter of 2023 [Member]

Credit Facility [Abstract]

Debt repayment final amount

$ 147,300

Old Nordea Credit Facility [Member] | LIBOR [Member]

Credit Facility [Abstract]

Adjustment to interest rate basis

2.40%

Old Nordea Credit Facility [Member] | Scrubbers [Member]

Credit Facility [Abstract]

Frequency of periodic repayment

quarterly

Secured commitment related to financing

$ 45,000

$ 50,000

Old Nordea Credit Facility [Member] | Scrubbers [Member] | LIBOR [Member]

Credit Facility [Abstract]

Adjustment to interest rate basis

2.40%

Old Nordea Credit Facility [Member] | New Buildings [member]

Credit Facility [Abstract]

Number of newbuilding contracts | Building

Nordea Credit Facility [Member]

Credit Facility [Abstract]

Borrowing amount

$ 225,214

$ 316,200

$ 109,423

Amount subject to quarterly reductions through term of facility

60,000

Drawdown

$ 233,800

$ 50,000

$ 15,000

Maturity date

January 2027

Uncommitted accordion

$ 250,000

Frequency of periodic repayment

quarterly

Credit facility covenant, required adjusted tangible net worth

$ 300,000

Nordea 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%

Nordea Credit Facility [Member] | Fourth Quarter of 2022 [Member]

Credit Facility [Abstract]

Debt repayment installment amount

$ 1,300

Nordea Credit Facility [Member] | First Quarter of 2023 [Member]

Credit Facility [Abstract]

Debt repayment installment amount

6,600

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

Credit Facility [Abstract]

Debt repayment final amount

114,000

Debt repayment last installment

$ 5,900

Nordea Credit Facility [Member] | LIBOR [Member]

Credit Facility [Abstract]

Adjustment to interest rate basis

1.90%

Term Loan [Member]

Credit Facility [Abstract]

Borrowing amount

119,800

Revolving Credit Facility [Member]

Credit Facility [Abstract]

Borrowing amount

$ 196,400

Financial risk management, ob_9

Financial risk management, objectives and policies, ABN AMRO Credit Facility (Details) $ in Thousands	1 Months Ended						12 Months Ended
	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Apr. 30, 2018USD ($)CarrierBorrowerNewbuilding	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Credit Facility [Abstract]
Borrowings							$ 522,299	$ 449,959
ABN AMRO Credit Facility [Member]
Credit Facility [Abstract]
Borrowings						$ 484,000
Number of borrowers \| Borrower						2
Number of VLCCs financed \| Carrier						11
Number of newbuildings financed \| Newbuilding						2
Debt prepayment before installment term			$ 42,200	$ 33,400	$ 57,800
Credit facility covenant, required adjusted tangible net worth							$ 300,000
Drawdown		$ 60,000
Repayments of borrowings	$ 60,000
Frequency of periodic repayment							quarterly
Debt repayment installment amount						$ 7,700
Debt repayment final amount							$ 183,900
ABN AMRO Credit Facility [Member] \| LIBOR [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis						2.40%
ABN AMRO Credit Facility [Member] \| DHT Condor [Member]
Credit Facility [Abstract]
Repayments of borrowings	$ 6,100
ABN AMRO 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%

Financial risk management, o_10

Financial risk management, objectives and policies, ABN AMRO Revolving Credit Facility (Details) - ABN AMRO Revolving Credit Facility [Member] - USD ($) $ in Millions	Jul. 31, 2018	Jun. 30, 2019	Dec. 31, 2021	Apr. 30, 2018	Nov. 30, 2016
Credit Facility [Abstract]
Term			5 years
Maximum borrowing capacity				$ 57.3	$ 50
Frequency of periodic repayment			quarterly
Reduction amount in credit facility	$ 1.8	$ 1.3

Financial risk management, o_11

Financial risk management, objectives and policies, Convertible Senior Notes due 2019 and 2021 (Details) - USD ($)	Aug. 21, 2020	Dec. 31, 2019	Oct. 31, 2019	Aug. 31, 2018	Sep. 30, 2014	Dec. 31, 2021
Convertible Senior Notes due 2019 [Member]
Credit Facility [Abstract]
Aggregate principal amount of convertible senior notes issued				$ 73,000,000
Convertible Senior Notes due 2019 [Member] \| Private Placement [Member]
Credit Facility [Abstract]
Adjustment to interest rate basis				4.50%
Convertible Senior Notes due 2019 [Member] \| Samco Ltd [Member]
Credit Facility [Abstract]
Frequency of periodic repayment						semiannually
Adjustment to interest rate basis					4.50%
Initial conversion price of common stock (in dollars per share)					$ 8.125
Initial conversion rate of common stock (in shares)					123.0769
Aggregate principal amount of convertible senior notes, subjected to anti-dilution					$ 1,000
Amount converted into shares			$ 26,434,000
Conversion price (in dollars per share)			$ 6.0216
Number of shares issued at conversion (in shares)			4,389,858
Amount of aggregate principal repaid in cash			$ 6,426,000
Convertible Senior Notes due 2019 [Member] \| Samco Ltd [Member] \| Private Placement [Member]
Credit Facility [Abstract]
Aggregate principal amount of convertible senior notes issued					150,000,000
Net proceeds from after conversion					$ 145,500,000
Convertible Senior Notes due 2021 [Member]
Credit Facility [Abstract]
Aggregate principal amount of convertible senior notes issued				$ 80,300,000
Adjustment to interest rate basis				4.50%
Initial conversion price of common stock (in dollars per share)	$ 5.3470
Initial conversion rate of common stock (in shares)	187.0208	167
Aggregate principal amount of convertible senior notes, subjected to anti-dilution	$ 1,000	$ 1,000
Aggregate number of shares of common stock to be issued at conversion (in shares)	23,377,397
Percentage of principal amount plus accrued and unpaid interest to be redeemed						100.00%
Convertible Senior Notes due 2021 [Member] \| Private Placement [Member]
Credit Facility [Abstract]
Aggregate principal amount of convertible senior notes issued		$ 124,999,000		$ 125,000,000
Net proceeds from after conversion				$ 38,900,000
Frequency of periodic repayment						semiannually
Adjustment to interest rate basis				4.50%
Initial conversion price of common stock (in dollars per share)				$ 6.2599
Initial conversion rate of common stock (in shares)				159.7470
Principal amount of convertible senior notes issued amount				$ 44,700,000
Aggregate principal amount of convertible senior notes, subjected to anti-dilution				1,000
Net proceeds from conversion of senior notes				$ 41,600,000

Stockholders' equity and divi_3

Stockholders' equity and dividend payment, Stockholders' equity (Details)	12 Months Ended
	Dec. 31, 2021Vote$ / sharesshares	Dec. 31, 2020shares
Common Stock [Abstract]
Number of vote per common stock \| Vote	1
Common Stock [Member]
Stockholders' Equity [Abstract]
Issued, Beginning balance (in shares)	170,798,328	146,819,401
Restricted stock issued (in shares)	841,696	601,530
Conversion of convertible bonds (in shares)		23,377,397
Retirement of treasury shares (in shares)	(5,513,254)
Issued, Ending balance (in shares)	166,126,770	170,798,328
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

Stockholders' equity and divi_4

Stockholders' equity and dividend payment, Stock repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stock Repurchases [Abstract]
Share repurchases (in shares)	5,513,254	0	725,298
Aggregate consideration	$ 32,178		$ 3,248
Average price (in dollars per share)	$ 5.82		$ 4.47

Stockholders' equity and divi_5

Stockholders' equity and dividend payment, Dividend payment (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 23, 2022	Nov. 23, 2021	Aug. 26, 2021	May 26, 2021	Feb. 25, 2021	Nov. 25, 2020	Sep. 02, 2020	May 26, 2020	Feb. 25, 2020	Nov. 14, 2019	Aug. 29, 2019	May 28, 2019	Feb. 26, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Dividend Payment [Abstract]
Total payment		$ 3,300	$ 3,300	$ 6,800	$ 8,600	$ 34,200	$ 82,000	$ 51,500	$ 47,000	$ 7,300	$ 2,800	$ 11,400	$ 7,100	$ 22,083	$ 214,669	$ 28,685
Per common share (in dollars per share)		$ 0.02	$ 0.02	$ 0.04	$ 0.05	$ 0.20	$ 0.48	$ 0.35	$ 0.32	$ 0.05	$ 0.02	$ 0.08	$ 0.05	$ 0.13	$ 1.35	$ 0.20
Subsequent Events [Member]
Dividend Payment [Abstract]
Per common share (in dollars per share)	$ 0.02
Dividends payable date	Feb. 24, 2022
Dividend paid, record date	Feb. 17, 2022
Dividend paid	$ 3,300

Operating Expenses, Voyage Expe

Operating Expenses, Voyage Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Expense [Abstract]
Bunkers	$ 72,925	$ 106,104	$ 156,171
Other Voyage Related Expenses	19,480	34,460	31,329
Total Voyage Expenses	$ 92,405	$ 140,564	$ 187,500

Operating Expenses, Vessel Oper

Operating Expenses, Vessel Operating Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Expense [Abstract]
Operating expenses	$ 71,609	$ 75,944	$ 72,541
Insurance	6,198	6,244	5,785
Total Vessel Operating Expenses	$ 77,807	$ 82,188	$ 78,327

Operating Expenses, General and

Operating Expenses, General and Administrative Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
General and Administrative Expenses [abstract]
Total Compensation to Employees and Directors	$ 11,890	$ 14,163	$ 10,331
Office and Administrative Expenses	3,351	2,413	2,633
Audit, Legal and Consultancy	1,325	1,313	1,826
Total General and Administrative Expenses	$ 16,565	$ 17,890	$ 14,789

Operating Expenses, Stock Compe

Operating Expenses, Stock Compensation Series (Details) - Restricted Shares [Member]	12 Months Ended
	Dec. 31, 2021shares$ / shares
January 2017 [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	900,000
Vesting period	2 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 4.61
January 2018 One [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	355,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 3.92
January 2018 Two [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	212,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 2.30
January 2019 One [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	360,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 4.25
January 2019 Two [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	200,000
Vesting period	3 years
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 3.04
March 2019 [Member]
Stock Compensation Series [Abstract]
Number of restricted shares (in shares) \| shares	210,000
Vesting period	1 year
Fair value at grant date of restricted shares (in dollars per share) \| $ / shares	$ 4.60
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

Operating Expenses, Outstanding

Operating Expenses, Outstanding Restricted Common Stock and Share Options (Details) - shares		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted common stock [Abstract]
Outstanding beginning of period (in shares)		819,998	560,000	545,500
Granted (in shares)		874,000	810,000	770,000
Exercised (in shares)	[1]	733,133	550,002	755,500
Forfeited (in shares)		0	0	0
Outstanding end of period (in shares)		960,865	819,998	560,000

[1]	Does not include shares in lieu of dividends

Operating Expenses, Stock Com_2

Operating Expenses, Stock Compensation Expense (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)shares$ / shares	Dec. 31, 2020USD ($)shares$ / shares	Dec. 31, 2019USD ($)shares$ / shares
Operating Expense [Abstract]
Expense recognized from stock compensation \| $	$ 4,371	$ 4,792	$ 2,532
Stock compensation expense [Abstract]
Contractual life for outstanding stock compensation series	9 months
Vesting value $8.22 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares	$ 8.22	$ 8.22
Number of shares vested (in shares) \| shares	435,960	32,445
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	163,764	125,649
Vesting value $5.52 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares	$ 5.52
Number of shares vested (in shares) \| shares	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 $3.56 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares		$ 3.56
Number of shares vested (in shares) \| shares		207,786
Vesting value $4.60 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares		$ 4.60	$ 4.60
Number of shares vested (in shares) \| shares		235,650	10,435
Vesting value $4.61 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares			$ 4.61
Number of shares vested (in shares) \| shares			281,094
Vesting value $2.30 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares			$ 2.30
Number of shares vested (in shares) \| shares			212,823
Vesting value $3.04 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares			$ 3.04
Number of shares vested (in shares) \| shares			206,118
Vesting value $3.92 [Member]
Stock compensation expense [Abstract]
Fair value of shares vested (in dollars per share) \| $ / shares			$ 3.92
Number of shares vested (in shares) \| shares			80,101

Operating Expenses, Valuation o

Operating Expenses, Valuation of Stock Compensation (Details)		1 Months Ended						12 Months Ended
		Jun. 30, 2021shares	Mar. 31, 2021shares$ / shares	Jan. 31, 2021shares	Jun. 30, 2020shares	May 31, 2020shares$ / shares	Jan. 31, 2020shares	Dec. 31, 2021shares	Dec. 31, 2020shares	Dec. 31, 2019shares
Valuation of Stock Compensation [Abstract]
Number of restricted stock, vested (in shares)	[1]							733,133	550,002	755,500
January 2021 [Member] \| Management [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)				699,000
Number of restricted stock vesting in one year (in shares)				153,066
Number of restricted stock vesting in two years (in shares)				153,067
Number of restricted stock vesting in three years (in shares)				153,067
Number of restricted stock, vested subject to certain market conditions (in shares)			119,900
Number of shares vested, fair value (in dollars per share) \| $ / shares			$ 3.22
Number of restricted stock, vested (in shares)				119,900
January 2021 [Member] \| Broad of Directors [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)				175,000
January 2020 [Member] \| Management [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)							660,000
Number of restricted stock vesting in one year (in shares)							253,334
Number of restricted stock vesting in two years (in shares)							53,333
Number of restricted stock vesting in three years (in shares)							153,333
Number of restricted stock, vested subject to certain market conditions (in shares)						200,000
Number of shares vested, fair value (in dollars per share) \| $ / shares						$ 3.5637
January 2020 [Member] \| Broad of Directors [Member]
Valuation of Stock Compensation [Abstract]
Number of restricted stock awarded (in shares)							150,000
Number of restricted stock, vested (in shares)		120,000			30,000

[1]	Does not include shares in lieu of dividends

Operating Expenses, Compensatio

Operating Expenses, Compensation of Executives and Directors (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Compensation of Directors and Executives [Abstract]
Cash compensation		$ 5,050	$ 3,897	$ 3,518
Pension cost		219	206	36
Share compensation	[1]	3,508	4,364	2,003
Total remuneration		$ 8,776	$ 8,466	$ 5,556

[1]	Share compensation reflects the expense recognized.

Operating Expenses, Shares Held

Operating Expenses, Shares Held by Directors and Executives (Details) - shares		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Expense [Abstract]
Number of shares held by Directors and Executives as a group (in shares)	[1]	2,958,894	2,303,011	3,615,221
Number of restricted stock subject to vesting conditions (in shares)		725,665	619,998	440,000
Period of base salary entitled to executive officer in connection with termination of employment		18 months

[1]	Includes 725,665 (2020: 619,998, 2019: 440,000) shares of restricted stock subject to vesting conditions.

Bunker inventory (Details)

Bunker inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Bunker inventory [Abstract]
Bunker inventory	$ 33,396	$ 11,854

Related parties (Details)

Related parties (Details) - Goodwood [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Vessel	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Related parties transactions [Abstract]
Ownership interest percentage	50.00%
Number of vessels technically managed by related party \| Vessel	24
Technical management fees paid \| $	$ 3,459	$ 3,310	$ 3,300

Pensions (Details)

Pensions (Details) $ in Thousands	12 Months Ended
Pensions (Details) $ in Thousands	Dec. 31, 2021USD ($)Participant	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Pensions [Abstract]
Number of participants in benefit plan \| Participant	12
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	$ 662	$ 612	$ 420
Expected contribution towards pension plan in 2022	$ 340

Tax (Details)

Tax (Details) - USD ($) $ in Thousands		12 Months Ended
Tax (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Specification of income tax [Abstract]
Income tax payable		$ 378	$ 587	$ 111
Tax expenses related to previous year		(27)	309	32
Change in deferred tax		9	5	(12)
Total income tax expense		360	900	131
Specification of Temporary Differences and Deferred Tax [Abstract]
Property, plant and equipment		(11)	2	(13)
Pensions		(662)	(612)	(420)
Total basis for deferred tax		(674)	(610)	(432)
Deferred tax liability (asset), net	[1],[2]	(152)	(140)	(102)
Deferred tax (asset), gross	[3]	(166)	(161)	(126)
Deferred tax liability, gross	[3]	14	21	24
Reconciliation of income tax expense [Abstract]
Profit/(loss) before income tax		(11,147)	267,181	73,812
Expected income tax assessed at the tax rate for the Parent company (0%)		0	0	0
Adjusted for tax effect of the following items [Abstract]
Income in subsidiary, subject to income tax		360	900	131
Total income tax expense		$ 360	$ 900	$ 131
Expected income tax rate		0.00%	0.00%	0.00%
Changes in Tax Rates [Member]
Specification of Temporary Differences and Deferred Tax [Abstract]
General income tax rate				22.00%	23.00%

[1]	Due to materiality, recognized in prepaid expenses and not on a separate line in the statements of financial position.
[2]	The general income tax rate was reduced from 23% to 22%, effective from fiscal year 2019.
[3]	Deferred tax liability is related to the subsidiary in Singapore and cannot be offset with the deferred tax asset related to the subsidiary in Norway.

Investment in associate compa_3

Investment in associate company (Details) $ in Thousands	12 Months Ended
Investment in associate company (Details) $ in Thousands	Dec. 31, 2021USD ($)Vessel	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Disclosure of subsidiaries [line items]
Investment in associate company	$ 5,406	$ 5,233
Share of Profit of the Associate Using in Equity Method [Abstract]
Profit after taxation	1,278	1,193	$ 852
Other comprehensive income for the year, net of tax	(74)	104
Total comprehensive income for the year	$ 1,204	$ 1,297
Goodwood Ship Management Pte. Ltd. [Member]
Disclosure of subsidiaries [line items]
Number of vessels in associates \| Vessel	24
Details of Associates [Abstract]
Name of associate	Goodwood Ship Management Pte. Ltd.
Principal activities	Ship management
Place of incorporation and business	Singapore
Effective equity interest	50.00%	50.00%

Condensed Financial Informati_3

Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
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%

Condensed Financial Informati_4

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Financial Position (Details) - USD ($) $ in Thousands		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019	Dec. 31, 2018
Current assets [Abstract]
Cash and cash equivalents		$ 60,658	[1],[2]	$ 68,641	[1],[2]	$ 67,356	$ 94,944
Total current assets		131,972		118,279
Investment in associate company		5,406		5,233
Total non-current assets		1,477,391		1,503,710
Total assets		1,609,362		1,621,989
Current liabilities [Abstract]
Accounts payable and accrued expenses	[1]	19,662		18,503
Total current liabilities		41,944		47,929
Non-current liabilities [Abstract]
Long-term debt	[1]	512,507		446,562
Total non-current liabilities		520,059		465,120
Total liabilities		562,003		513,049
Stockholders' equity [Abstract]
Stock		1,661		1,708
Paid-in additional capital		1,264,000		1,291,505
Accumulated deficit		(222,405)		(188,709)
Total equity		1,047,359		1,108,940		932,449	861,668
Total liabilities and equity		1,609,362		1,621,989
Parent Company [Member]
Current assets [Abstract]
Cash and cash equivalents		15,539		5,310		$ 22,492	$ 17,783
Accounts receivable and prepaid expenses		74		1,679
Amounts due from related parties		90,190		84,725
Total current assets		105,803		91,713
Investments in subsidiaries		392,489		434,172
Loan to subsidiaries		338,051		324,420
Investment in associate company		201		201
Total non-current assets		730,741		758,793
Total assets		836,545		850,506
Current liabilities [Abstract]
Accounts payable and accrued expenses		447		170
Total current liabilities		447		170
Stockholders' equity [Abstract]
Stock		1,661		1,708
Paid-in additional capital		1,217,244		1,245,449
Accumulated deficit		(382,808)		(396,820)
Total equity		836,097		850,336
Total liabilities and equity		$ 836,545		$ 850,506

[1]	Amortized cost.
[2]	Cash and cash equivalents include $289 thousand in restricted cash in 2021 and $299 thousand in 2020, including employee withholding tax.

Condensed Financial Informati_5

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
INCOME STATEMENT [abstract]
Revenues	$ 295,853	$ 691,039	$ 535,068
Impairment charge	0	(12,560)	0
General and administrative expense	(16,565)	(17,890)	(14,789)
Operating income	202	313,591	138,867
Interest income	6	212	1,077
Interest expense	(25,727)	(38,408)	(55,332)
Other financial income	645	(1,334)	(1,790)
Profit/(loss) for the year	(11,507)	266,281	73,680
Parent Company [Member]
INCOME STATEMENT [abstract]
Revenues	980	0	0
Impairment charge	(35,149)	(35,278)	455
Dividend income	70,746	17,081	25,519
General and administrative expense	(17,742)	(19,148)	(14,782)
Operating income	18,835	(37,345)	11,192
Interest income	17,233	21,434	27,943
Interest expense	0	(6,766)	(12,177)
Other financial income	26	245	17
Profit/(loss) for the year	$ 36,095	$ (22,433)	$ 26,975

Condensed Financial Informati_6

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Statement of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	$ (11,507)	$ 266,281	$ 73,680
Total comprehensive income/(loss) for the period net of tax	(11,667)	266,235	73,946
Attributable to the owners of parent	(11,681)	266,221	73,944
Parent Company [Member]
Statement of Comprehensive Income [Abstract]
Profit/(loss) for the year	36,095	(22,433)	26,975
Total comprehensive income/(loss) for the period net of tax	36,095	(22,433)	26,975
Attributable to the owners of parent	$ 36,095	$ (22,433)	$ 26,975

Condensed Financial Informati_7

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Cash Flows from Operating Activities [Abstract]
Profit/(loss) for the year	$ (11,507)		$ 266,281		$ 73,680
Items included in net income not affecting cash flows [Abstract]
Impairment charge	0		12,560		0
Compensation related to options and restricted stock	4,347		5,106		2,331
Changes in operating assets and liabilities [Abstract]
Accounts payable and accrued expenses	1,510		(6,914)		(1,033)
Net cash provided by/(used in) operating activities	60,562		529,870		155,956
Cash flows from Investing Activities [Abstract]
Net cash provided by/(used in) investing activities	(86,512)		(26,717)		(53,369)
Cash flows from Financing Activities [Abstract]
Cash dividends paid	(22,083)		(214,669)		(28,685)
Purchase of treasury shares	(32,178)		0		(3,248)
Issuance of convertible bonds	0		0		(7)
Repayment of convertible bonds	0		0		(6,426)
Net cash provided by/(used in) financing activities	17,967		(501,868)		(130,176)
Net (decrease)/increase in cash and cash equivalents	(7,983)		1,285		(27,588)
Cash and cash equivalents at beginning of period	68,641	[1],[2]	67,356		94,944
Cash and cash equivalents at end of period	60,658	[1],[2]	68,641	[1],[2]	67,356
Parent Company [Member]
Cash Flows from Operating Activities [Abstract]
Profit/(loss) for the year	36,095		(22,433)		26,975
Items included in net income not affecting cash flows [Abstract]
Amortization	0		3,250		5,459
Impairment charge	35,149		35,278		(455)
Compensation related to options and restricted stock	3,203		4,204		693
Changes in operating assets and liabilities [Abstract]
Accounts receivable and prepaid expenses	1,604		(805)		(500)
Accounts payable and accrued expenses	277		(2,246)		(1,317)
Amounts due to related parties	(6,834)		(43,313)		(63,280)
Net cash provided by/(used in) operating activities	69,494		(26,063)		(32,425)
Cash flows from Investing Activities [Abstract]
Loan to subsidiaries	(5,004)		223,550		75,500
Net cash provided by/(used in) investing activities	(5,004)		223,550		75,500
Cash flows from Financing Activities [Abstract]
Cash dividends paid	(22,083)		(214,669)		(28,685)
Purchase of treasury shares	(32,178)		0		(3,248)
Issuance of convertible bonds	0		0		(7)
Repayment of convertible bonds	0		0		(6,426)
Net cash provided by/(used in) financing activities	(54,261)		(214,669)		(38,366)
Net (decrease)/increase in cash and cash equivalents	10,229		(17,182)		4,709
Cash and cash equivalents at beginning of period	5,310		22,492		17,783
Cash and cash equivalents at end of period	$ 15,539		$ 5,310		$ 22,492

[1]	Amortized cost.
[2]	Cash and cash equivalents include $289 thousand in restricted cash in 2021 and $299 thousand in 2020, including employee withholding tax.

Condensed Financial Informati_8

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Profit/(Loss) Reconciliation [Abstract]
Profit/(loss) of the parent company only under cost method of accounting	$ 36,095	$ (22,433)	$ 26,975
Additional profit/(loss) if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting	(47,776)	288,653	46,969
Profit/(loss) of the parent company only under equity method of accounting	$ (11,681)	$ 266,221	$ 73,944

Condensed Financial Informati_9

Condensed Financial Information of DHT Holdings, Inc. (parent company only), Equity Reconciliation (Details) - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity Reconciliation [Abstract]
Equity of the parent company only under cost method of accounting	$ 836,097	$ 850,336	$ 962,796
Additional profit if subsidiaries had been accounted for using equity method of accounting as opposed to cost method of accounting	310,608	358,384	69,731
Equity of the parent company only under equity method of accounting	1,146,706	1,208,720	1,032,527
Dividend income from subsidiaries	$ 69,500	$ 15,000	$ 25,007

Events after the reporting da_2

Events after the reporting date (Details) $ in Millions	Feb. 07, 2022$ / shares	Jan. 31, 2022shares$ / shares	Feb. 23, 2022USD ($)
Share Transactions [Member]
Restricted Shares [Abstract]
Number of shares, awarded (in shares)		697,953
Number of shares, vested in year one (in shares)		149,588
Number of shares, vested in year two (in shares)		149,588
Number of shares, vested in year three (in shares)		124,594
Number of shares, vested in year four (in shares)		149,589
Number of shares, vesting subject to certain market conditions (in shares)		124,594
Number of shares, vesting in year one to three (in shares)		573,359
Number of shares granted, share price (in dollars per share) \| $ / shares		$ 4.29
Share Transactions [Member] \| Board of Directors [Member]
Restricted Shares [Abstract]
Number of shares, awarded (in shares) \| $ / shares		175,000
Dividend Declared for Q1 [Member]
Dividend [Abstract]
Dividend declare date	Feb. 7, 2022
Dividend declared (in dollars per share) \| $ / shares	$ 0.02
Dividends payable date	Feb. 24, 2022
Dividend record date	Feb. 17, 2022
Total dividend payment \| $			$ 3.3