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Read all the latest news about DHT Holdings. ShippingWatch gives you independent, credible, critical and fair news.

Lower rates drag down DHT's results in Q2

Norwegian tanker carrier DHT took hits on the top and bottom lines in the second quarter this year due to lower rates during a period in which the carrier's fleet grew significantly following the acquisition of BW Group's fleet of VLCC supertankers.

DHT's two CEOs are Norway's best paid chief execs

The tanker carrier's two CEOs each earn more respectively than the top chief execs from Norway's three largest companies combined, reports Dagens Næringsliv. Competitor Frontline, which has made repeated attempts to buy DHT, has previously criticized the carrier's salary costs.

DHT's takeover of BW Group's VLCC fleet is complete

DHT Holding has completed its acquisition of BW Group's fleet of nine VLCCs together with contracts on two VLCCs. "Our fleet has been expanded by 50 percent at what we think is an opportune time in the cycle," says management.

Frontline abandons corporate acquisitions and bets on own fleet

John Fredriksen's crude oil tanker carrier Frontline has given up its efforts to buy its way to a position as the world's biggest player in its segment. For now at least. The carrier bets on the benefits from its own fleet renewal, CEO Robert Hvide Macleod tells ShippingWatch.

Marshall Islands court rejects Frontline request

According to tanker carrier DHT Holdings, the court in the Marshall Islands has rejected Fredriksen-controlled Frontline's request for a preliminary ban on the transaction DHT has made with BW Group.

Media: Fredriksen in talks with new tanker carrier

John Fredriksen is, according to the Wall Street Journal, in talks related to an acquisition of US-based tanker carrier Gener8 Maritime in a deal which would create the world's biggest VLCC fleet. As such, Frontline looks to have quit its pursuit of DHT.

Frontline hit by weak rates in first quarter

Crude carrier Frontline saw its profit slide in the first quarter 2017 due to weak rates in the tanker market. But the CEO is optimistic and maintains the strategy to grow despite the failed attempts to take over competitor DHT.

Frontline attacks DHT's leadership in takeover battle

The tone between the two tanker carriers with Norwegian roots, Frontline and DHT Holdings, has become increasingly irreconcilable and hostile – not least from Frontline's CEO, who now describes DHT's double CEO capacity as a waste of shareholder money.

DHT Holdings books first quarter profit

DHT Holdings performed above analyst expectations with the operating result in the first quarter this year. The carrier, which is subject to continuous acquisition offers from competitor Frontline, has also settled a new bank agreement.

Frontline to DHT: Let the shareholders decide

DHT Holdings' board of directors rejects the Frontline bid announced on April 25. The board adds that it is about time that the parties move on. Instead, Frontline replies that the bid should be presented to the shareholders, according to a comment to ShippingWatch.

Frontline's new charge on DHT averted

The Marshall Islands court has, like the court in New York, determined that the deal between BW Group and DHT Holdings does not pose a problem. Frontline has at both courts attempted to have the transaction voided in an attempt to get a bigger share in DHT Holdings' VLCC fleet.

Fredriksen makes new attempt to buy DHT

John Fredriksen's Frontline has sent a new offer to DHT in which the company proposes a merger of Frontline and DHT. "We are convinced that the proposed new combination of Frontline and DHT will maximize value for both sets of shareholders," writes Frontline. DHT Holdings describes the new bid as "unimproved."

Frontline unsuccessfully courted DHT for more than a year

John Fredriksen's Frontline tried for more than a year to partner with DHT Holdings before the tanker carrier instead took off with Carsten Mortensen's BW Group. Track the development from the first approach to the final rejection here.

DHT and BW Group defy Fredriksen's block attempt

Frontline's attempt to stop DHT Holdings' purchase of BW Group's 11 super tankers does not bother DHT and BW Group. "We'll carry on as planned," both parties tell ShippingWatch. Access the New York Supreme Court decision here.

Fredriksen to block DHT deal with 11 tanker vessels

John Fredriksen's tanker carrier Frontline is now taking to the courts to block DHT Holdings' purchase of BW Group's 11 VLCC tankers, report several media. Meanwhile, the carrier has made a new offer to buy DHT.

Analysts praise DHT Holdings for "splendid transaction"

Clarksons Platou and Fearnley Securities are both praising tanker carrier DHT Holdings for its purchase of BW Group's VLCC fleet. With the transaction, the company goes from being on the defense to an active player in the consolidation in the tanker market, say the analysts.

DHT Holdings buys 11 VLCCs from BW Group

DHT Holdings is set to buy BW Group's fleet of 11 VLCCs including two newbuildings set for delivery next year, inform the parties Thursday. The transaction will make BW Group a major shareholder in DHT Holdings.

John Fredriksen to create new Norwegian tanker behemoth

Tanker carrier Frontline, controlled by John Fredriksen, has submitted a proposal for the acquisition of all shares in competitor DHT Holdings. The board of DHT Holdings is now deliberating the offer. If they accept, a new Norwegian crude tanker giant will be born covering 10 percent of the global fleet.

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