DHT Holdings is set to continue its fleet renewal efforts with the sale of its oldest tanker.

New York-listed DHT is in the process of selling the 307,100-dwt DHT Phoenix (built 1999), the last vessel in its fleet built before the turn of the millennium.

Market sources place a figure of $19m on a transaction which remains on subjects.

Multiple shipbroking sources point to energy trader Mercuria as the buyer.

DHT,