The US tanker owner, which was spun-off from OSG in 2005, said it has agreed a total amount of $46m with OSG after two bareboat deals were ripped up.
Subject to court approval, it will receive an additional $8.5m from Citigroup, to whom it sold the claim in March.
A total of $15.4m from the claim will be booked in the fourth quarter, if the US Bankruptcy Court in Delaware okays the deal on 19 December.
DHT
