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DHT sells older VLCC

Photo of Sam Chambers Sam ChambersFebruary 22, 2017
6 Less than a minute

DHT Holdings has sold one of its older tankers. Multiple broking sources suggest the New York-listed firm picked up $18.5m for the 1999-built DHT Phoenix from Swiss owner Mercuria.

Mercuria intends to use the vessel for storage.

In its ongoing spat with John Fredriksen over Frontline’s aggressive move to take over DHT, senior management at DHT have made much mileage of their VLCC fleet’s comparative youthfulness, clocking in at around six years old on average comparing to Frontline’s average age of 11.

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Photo of Sam Chambers Sam ChambersFebruary 22, 2017
6 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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