DHT Holdings has snapped up a 10-year-old VLCC in a deal that marks a multi-year high for tankers of this vintage.

New York-listed DHT told investors this week it had bought a DSME-built VLCC for $49m in a deal that will be funded by its cash reserves.

While the ship was not identified specifically by DHT, it is believed to be the 320,000-dwt Younara Glory (built 2004).

Brokers