DHT Holdings has put the finishing touches to its $538m takeover of the BW Group VLCC fleet.
New York-listed DHT said today that it had taken delivery of all nine trading VLCCs included in the transaction assumed the contracts for two newbuildings.
DHT announced the deal with BW in March and has since fought off challenges to the transaction from suitor Frontline, which also tabled an unsuccessful bid for the enlarged company.
