DHT Holdings looks set for improved income from one of its VLCCs after locking the ship into a new one-year time contract.

New York-listed DHT has chartered the 320,000-dwt DHT Lotus (built 2011) to NPI, European shipbrokers say.

While a firm rate has not been disclosed, the present market is some way above $17,500 per day Shell has been paying for the tanker for the past year.