New York-listed DHT was one of the first to move on VLCC newbuildings as activity took off in late 2013 and early 2014 and now has six tankers under construction at Hyundai Heavy Industries.

It has paid $171m on the series, with $190.4m in debt financing in place or the first four tankers.

Svein Moxnes Harfjeld, co-chief executive of DHT, says the company has already received proposals on loans for the unfunded ships.

He