New York-listed DHT Holdings said it has sold a 14-year-old VLCC ahead of its third special survey and scheduled installation of a ballast water treatment system.

Svein Moxnes Harfjeld-led DHT said in a statement on Monday that it had fetched $37m for the 301,021-dwt DHT Edelweiss (built 2008), which does not have an exhaust gas scrubber installed.

The price is well under the estimated $41m price assigned to the tanker by VesselsValue, but the sale avoids the cost of putting DHT Edelweiss through the scheduled dry docking in the first quarter of 2023.