DHT selling older VLCCs

DHT selling older VLCCs

Brokers have news of a further sale as the clear-out of older tonnage at DHT Holdings continues apace. The DHT Ann, a 309,000 dwt, 16-year-old VLCC, has been sold to Indonesia’s Bumi for $21m, according to broking sources.

New York-listed DHT has also recently finalised the sale of the 1999-built DHT Phoenix which has sold for $19.1m with Mercuria tipped as the buyer.

DHT has fended off two takeover offers from rival VLCC operator Frontline in recent weeks, and made much of its younger average of its VLCC fleet compared to its Norwegian rival.

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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