Wall Street’s largest VLCC owner has put a cap on further newbuilding contracts amid concerns over the size of the sector’s orderbook.
Rapidly expanding DHT Holdings, which has just snapped up seven trading vessels from Samco Shipholding, is still open to expansion but its newbuilding business is done for now, its joint chief executive says.
DHT was the first public company to order eco-design VLCCs when activity in the market took off late last year.
