DHT Holdings will boast the seventh most valuable VLCC fleet globally and third on Wall Street following a deal with BW Group today.

New York-listed DHT today announced a $538m cash and shares transaction that sees the 11 strong BW VLCC fleet added to the listed company.

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 move creating what he calls a tremendous platform.

According