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(Source: Waterborne Commerce Statistics Center, New Orleans, LA) Double Hull Tankers Results Double Hull Tankers, Inc. announced results for the period from January 1 to March 31, 2006. Total revenues for this period were $24.2 million and net income was $11.7 million, or $0.39 per share (diluted). On October 18, 2005, having completed its initial public offering, DHT acquired seven double hull crude oil tankers from Overseas Shipholding Group, Inc. (OSG) and commenced opera- tions as an independent tanker company. DHT's modern fleet consists of three Very Large Crude Carriers (VLCCs) and four Aframax tankers. From the same date, all seven vessels have been chartered to OSG for periods ranging from five to six and one-half years. OSG in turn employs the three VLCCs in the Tankers International (TI) pool, the largest commercial pool for VLCCs, and the four Aframaxes in the Aframax International (AI) pool, the sec- ond largest commercial pool for Aframax- es. June, 2006 • MarineNews 45 Visit us at www.mooseboats.com or call 1-866-GO MOOSE No Nonsense Serious Boats All boats are available on GSA Contract: GS-07F-0507M Circle 259 on Reader Service Card JUNE MN2006 6(41-48).qxd 6/2/2006 4:21 PM Page 45
