EuropeTankers

DHT Tankers offloads suezmax

Photo of Grant Rowles Grant RowlesMay 3, 2016
48 Less than a minute

Norwegian tanker specialist DHT Tankers has sold off it last remaining suezmax vessel, 2001-built DHT Target, during the month of April for $22.5m.

The sale is part of the company’s fleet renewal programme which has also seen it take delivery of three VLCCs in the last six month. Additionally, another three newbuild VLCCs are expected for delivery in the next six months.

DHT said that an impairment charge of $8.1m was incurred as part of the transaction. Net proceeds from the sale will be used to repay debt under a $22.3m RBS facility.

DHT now has a fleet consisting of 17 VLCCs and two aframaxes.

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Photo of Grant Rowles Grant RowlesMay 3, 2016
48 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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