DHT Holdings to Acquire Two VLCCs

DHT Holdings, Inc. (DHT) has agreed to acquire two VLCCs built in 2006 and 2007 for a total of $99.0 million. The vessels will be delivered during February 2014.

The company will fund the acquisition through a combination of conventional mortgage financing and an acquisition facility.

“DHT considers this an attractive addition to its fleet and will continue to pursue investment opportunities and grow the company,” DHT said in a press release.

DHT Holdings, January 23, 2014; Image: Wikimedia