Tanker asset values are inching up with the VLCC market potentially set for a very bullish period from 2019 onwards, DHT Holdings executives say.

New York-listed DHT Holdings yesterday reported a lower than expected third quarter loss in the worst tanker market since 2013.

Co-chief executive Trygve Munthe told investors on a conference call today: “The freight market has seasonally recovered and we expect our fourth quarter financials to be better than those in the third.