DHT Holdings’ top executives today swatted away suggestions it is battening down the hatches in preparation for a weaker tanker market.

New York-listed DHT has been aggressively paying down debt while signing up for some long-term charters and selling one of its oldest suezmaxes.

Svein Moxnes Harfjeld, co chief executive of the shipowner, said the company has been following a clear strategy for how it would approach different points of the cycle.

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