DHT Holdings' result plunges on diving supertanker rates

Since the second quarter this year, spot rates on supertankers have gone down by more than 50 percent, and this impacts DHT Holdings' result for the period.

Svein Moxnes Harfjeld, Co-CEO (right) & Trygve P. Munthe, Co-CEO (left). | Photo: DHT Holdings/PR-foto

The boom in the tanker market this spring has petered out, and this can be felt at tanker operator DHT Holdings.

The rates on VLCC supertankers climbed to historic highs earlier this year following a price war between Saudi Arabia and Russia, which flooded the market with cheap crude oil.

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