VLCC rally enough to wipe out weak DHT guidance DNB’s Lian says

Massive gains in VLCC earnings are enough to have DNB Markets looking past DHT Holdings’ recent disappointing market update.

DNB analyst Jorgen Lian raised his target price for the New York-listed tanker owner to $12.10 from $12 on Tuesday even after last week’s disclosure showed DHT’s VLCC fleet was earning roughly $7,500 per day less so far in the fourth quarter.