Norwegian-led tanker carrier completes major VLCC transaction

DHT Holdings, headquartered in Oslo, has acquired all shares in Singapore carrier Samco Shipholding.

Photo: DHT

Norwegian-led DHT Holdings has acquired all outstanding shares in Singapore-based company Samco Shipholding, which owns and operates a fleet of seven VLCCs with an average age of 4.5 years. Ship management company Goodwood Ship Management is included in the transaction, which is financed through a bond and share issue. The ship management company currently operates all DHT's vessels, according to a press release from DHT Holdings.

Following the transaction, DHT's fleet will count a total of 20 VLCCs, including six newbuildings in the pipeline from Hyundai Heavy Industries as well as two Suezmaxes and two Aframaxes.

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