DHT Holdings has hashed out a new $316m credit facility as it continues to deal with the depressed tanker market.

The New York-listed VLCC owner said it had in April come to an agreement with seven unnamed banks on the deal. It includes $37.5m in mortgage financing for the recently-acquired 300,000-dwt DHT Osprey and DHT Harrier (both built 2016), as well as a revolving credit line of $60m for three currently unencumbered vessels.