DHT deal for Samco VLCCs ‘is on’ and could close within two weeks

DHT Holdings’ $590m acquisition of Samco Shipholding’s VLCC fleet is still on and expected to close but has been snagged by accounting issues rather than a rumoured inability to line up investors.

That was the word this week from a source close to the transaction, who said talk of investors baulking at the deal on a price basis is wrong.

TradeWinds reported on 1 June that New York-listed DHT continued its expansion mode by snapping up the seven VLCCs, subject to sealing the required financing.