DHT Holdings revealed an order for two VLCC newbuildings as it reported better-than-expected fourth-quarter profit.

The New York-listed tanker owner disclosed the developments a day after reporting that it had received a takeover offer from larger rival Frontline.

DHT said it booked two 319,000-dwt tankers at South Korean shipyard Hyundai Heavy Industries, with delivery scheduled for July and September 2018.

Order follows last delivery

The order comes after DHT took delivery this month of its last newbuildings, the last of which was delayed into this month after HHI repaired high-profile problems with its rudder.

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