Takeover target DHT Holdings has pulled off a coup of its own with the purchase of BW Group’s VLCC fleet.
New York-listed DHT is buying BW’s 11 VLCCs in a $538m transaction in what will be its second fleet deal in three years.
Svein Moxnes Harfjeld, co-chief executive of DHT, told TradeWinds that with 30 VLCCs the company will become the third largest independent owner in the sector globally with the deal creating what he calls a tremendous platform.
“This
