Cerberus in at DHT

Stephen Feinberg has emerged as the latest investor to buy into DHT Holdings.

Feinberg, via various funds controlled by Cerberus Capital Management, has amassed a near $30m stake in the expanding tanker owner.

An SEC filing show Feinberg to control 3,918,200 shares, which gives him a 5.7% slice of DHT.

Cerberus’ is one of the hedge funds involved in the restructuring of OSG. And late last year it sold American Petroleum Tankers and stablemate State Class Tankers, which it owned jointly with Blackstone, to Kinder Morgan Energy.

DHT, which yesterday bought a $49m VLCC, has been on the expansion trail over the past year.

It has built up a six strong VLCC orderbook at Hyundai Heavy Industries and also added second hand ships.

Its expansion has been supported by the arrival of a host of fresh investors.

Warwick Capital controls a 5.4% stake, while Claren Road Asset Management, the Carlyle Group, Tufton Oceanic, Anchorage Capital Group, QVT Financial, and DNB have all taken holdings in the company. 

Other known investors over the past year include RS Platou, Eika Capital Partners, Oslo Asset Management and Awilco Invest.

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