The financing equals about 50% of the contract prices, with an average margin above the London inter-bank rate (Libor) of 2.5%.

The deal sees its first loans from ABN Amro, Nordea and Danish Ship Finance.

Assuming Libor of 0.25%, it will pay $11,000 per ship per day in interest and instalments in the first year.

DHT said it was “experiencing strong interest and support from the ship lending community.”

“The