Bermudian-based DHT Holdings Inc, the independent crude oil tanker company operating in the very large crude carrier market, has announced that more than half of the available spot days have been booked during the first quarter of the year.

Issuing a business update, DHT said that 51 per cent of the available days were booked at an average rate of $31,400 per day on a discharge-to-discharge basis.

It added that 65 per cent of the available revenue days, spot and time-charter days combined, had been booked at an average rate of $35,800 per day.

For the fourth quarter of 2024, the company estimated time charter equivalent earnings for its fleet at $38,800 per day, comprising of $38,200 per day for VLCCs operating in the spot market and $40,500 per day for the company’s VLCCs on time-charter.

The estimated time charter equivalent earnings are based on 2,206 revenue days for the fourth quarter, of which 1,619 days were spot days.

For 2024, the company estimates charter equivalent earnings for its fleet at $45,200 per day, comprising of $47,200 per day for its VLCCs operating in the spot market and $38,900 per day for the company’s VLCCs on time-charter.

The estimated time charter equivalent earnings are based on 8,595 revenue days for 2024, of which 6,520 days are spot days.

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Bermudian-based Golar LNG Ltd has reported a breakthrough on the Greater Tortue Ahmeyim project off the coasts of Mauritania and Senegal.

Golar said that its floating liquefied natural gas carrier, Gimi received feed gas from the BP-operated floating production storage and offloading vessel.

Full commissioning of the floating liquefied natural gas carrier has now commenced.

Before achieving this key milestone, Golar said gas from the liquefied natural gas carrier British Sponsor was being used to undertake advanced commissioning work.

It said receipt of gas from the floating production storage and offloading vessel allowed the full commissioning activity to ramp up.

The first LNG export cargo is now expected within the first quarter of this year and the full commercial operations date is expected within the second quarter, subject to all conditions being met.

The company said the commercial operations date would trigger the start of a 20-year lease and operate agreement that unlocks the equivalent of around $3 billion of adjusted earnings before interest, tax, depreciation and amortisation backlog for Golar.

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Borr Drilling Ltd, the Bermudian-based oilfield services company, has received a notice of temporary suspension of operation for its rigs Galar, Gersemi and Grid, operating in Mexico.

The company said the temporary suspension would be for a period up to March 31.

A Borr spokesman said: “Based on discussions with our customer, it is expected that some or all of these three rigs may be resuming operation prior to this date.”