DHT Holdings is waiting for some clarity on the length and depth of the crude tanker slump before further growth steps are taken, executives say.
New York-listed DHT bought two newbuildings in early 2017 and took on the 11-strong BW Group VLCC fleet in one of the biggest tanker deals of last year.
Jon Chappell of Evercore ISI notes the moves essentially doubled DHT's core VLCC fleet at a time when asset values were bottoming.
