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.
The court in the Marshall Islands has also ruled against John Fredriksen and Frontline in determining that the deal between DHT Holdings and BW Group, which includes a transfer of 11 VLCC supertankers from BW to DHT, does not pose a problem, informs DHT in a notice to the stock exchange after the decision was announced Friday.
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