A substantial pay rise for three VLCCs helped breathe fresh life into DHT Holdings shares in New York yesterday amid the potential for a higher dividend.

The shipowner secured improved and extended contracts for the 318,000-dwt Samco Europe (built 2011), 314,000-dwt Samco Taiga (built 2012) and 318,000-dwt Samco Redwood (built 2011) for between one and three years at higher rates.

Market sources told TradeWinds the extensions will mean the ships will be contributing around $50,000 per day more to the company.

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