DHT (DHT) estimated Q4 time-charter equivalent earnings for its fleet of $38,800 a day.

The figure comprises daily rates of $38,200 from very large crude carriers in the spot market and $40,500 VLCCs on time-charter, the company said Tuesday in a statement.

In Q1 to date, 51% of the available spot days were booked at an average of $31,400 a day on a discharge-to-discharge basis, and 65% of available revenue days, or spot and time-charter days combined, were booked at an average of $35,800 a day.

Shares of the company fell 4.9% in after-hours trading.

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