New York-listed DHT Holdings has entered "wait-and-see mode" when it comes to adding more secondhand tonnage to the fleet.
But at the same time, the tanker owner is done with clearing out older tonnage as it awaits a market recovery.
That was the take on Wednesday from co-chief executive officer Svein Moxnes Harfjeld in a chat with equity analysts after the VLCC owner had presented better-than-expected first quarter earnings.
