VLCC owner DHT Holdings continues to show through its actions that it believes the stock is undervalued.

New York-listed DHT bought back $9.9m of its shares in the third quarter, topping the $8.9m it splashed out in the prior period, the company has revealed in a filing with US securities regulators.

DHT reports jump in VLCC earnings in second quarter before a dip in the third
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The Svein Moxnes Harfjeld-led shipowner said it repurchased 1.14m