New York Stock Exchange Virtual Forum Webcast Alert: Double Hull Tankers, Inc. Presentation at Shipping Virtual Forum on Tuesday, April 25, 2006, 9:30 am ET.
What: Double Hull Tankers, Inc. (NYSE: DHT) will give a presentation at Shipping Virtual Investor Forum.
Sponsor: The New York Stock Exchange
When: April 25, 2006 @ 9:30 AM Eastern Time
Where: http://www.nyse.com/vif or http://www.investorcalendar.com/CEPage.asp?ID=104032
How: Live over the Internet--Simply log on to the web at either of the addresses above.
If you are unable to attend the live event, the forum will be available via webcast at http://www.nyse.com/vif or http://www.investorcalendar.com/CEPage.asp?ID=104032
Double Hull Tankers, Inc.
On 18 October 2005, Double Hull Tankers, Inc. (DHT) commenced operations as an independent tanker company. The Company acquired seven double hull crude oil tankers from Overseas Shipholding Group, Inc. (OSG), a market leader in global energy transportation services with a fleet of more than 100 crude tankers and petroleum product carriers. DHT's modern fleet consists of three Very Large Crude Carriers (VLCCs) and four Aframax tankers.
All seven vessels were chartered to OSG on October 18 2005 for periods ranging from five to six and one-half years. OSG has options to extend the charters for an additional five to eight years depending on vessel. In return, DHT receives a base charter hire and expects, through a profit sharing agreement, to benefit from earnings over and above the base charter hire rates. The vessels are operated in the largest commercial tanker pools in their segments: Tankers International and Aframax International, respectively.
Web site: http://www.nyse.com/vif or