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.