DHT Holdings is splashing out $25m to outfit the last of its scrubber-less, eco-designed VLCCs with exhaust gas cleaning systems.

The New York-listed tanker owner said in its second quarter earnings release that it was sending eight of its ships to the yard for scrubbers, with work beginning in the fourth quarter of this year and finishing up in the first quarter of 2021.

“The combination of lower cost and the current higher fuel spreads makes this a compelling investment,” the company said.