Frontline has withdrawn a US lawsuit that it filed against DHT Holdings and BW Group a day after renewing its embattled takeover bid.

The John Fredriksen-backed tanker giant's lawyers told the New York Supreme Court that today that it is discontinuing claims against both rival shipping companies and against DHT's board members.

The voluntary dismissal is "with prejudice", the lawyers at Quinn, Emanuel, Urquhart & Sullivan wrote, typically means it cannot be refiled.