Double Hull Tankers, Inc. (NYSE:DHT) announced today the pricing of 8,000,000 common shares at a public offering price of $10.50 per share in an underwritten public offering. In connection with the offering, the underwriters have been granted an option to purchase up to 1,200,000 additional common shares to cover overallotments, if any.

The net proceeds from the underwritten public offering, after underwriting discounts and offering expenses, to the company will be $79,478,360. The company intends to use the net proceeds of the offering for general corporate purposes, which may include, without limitation, vessel acquisitions, business acquisitions or other strategic alliances, reduction of outstanding borrowings, capital expenditures and working capital.

Merrill Lynch & Co. and UBS Investment Bank are acting as joint bookrunning managers of the offering. Dahlman Rose & Company is acting as co-manager.

A registration statement relating to the securities described herein has been filed with the Securities and Exchange Commission and is effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This offering may be made only by means of a prospectus supplement and accompanying base prospectus.

Copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from Merrill Lynch & Co., 4 World Financial Center, New York, NY 10080, or from UBS Securities LLC, Attn: Prospectus Department, 299 Park Avenue, 25th Floor, New York, NY 10171.

About Double Hull Tankers, Inc.

Double Hull Tankers, Inc. operates a fleet of double hull tankers. The company’s fleet currently consists of three very large crude carriers, which are tankers ranging in size from 200,000 to 320,000 deadweight tons, or ‘‘dwt,’’ two Suezmax tankers, which are tankers ranging in size from 130,000 to 170,000 dwt, and four Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt. The company’s fleet principally operates on international routes and had a combined carrying capacity of 1,506,998 dwt and a weighted average age of 7.8 years as of December 31, 2007. More information is available at www.dhtankers.com.