DHT Holdings chief executive Svein Moxnes Harfjeld says large oil companies may have to embark on partnerships with shipowners and longer-term charters to confront underinvestment in the sector.

Asked about pitfalls ahead for tankers at the TradeWinds Shipowners Forum Oslo during Nor-Shipping, the executive ruled out volatility as a problem, according to a recently released recording of the event. After all, large tankers have always been volatile, he said.