DHT takes the lead


DHT Holdings boasts comfortably the most valuable VLCC fleet on Wall Street after its takeover of Samco Shipholding.

It will also rival New York-listing hopeful Euronav in terms of its VLCC scale, data shows.

DHT will take its VLCC stable to 20 with the long-awaited takeover, which was first uncovered by TradeWinds three months ago.

Information provided by VesselsValue.com shows the seven-strong Samco fleet to be worth $553.6m today, with DHT’s trading VLs priced at an extra $287m.

DHT also has $617.4m in VLCC newbuildings on order at Hyundai Samho for delivery in 2016, the valuation service says.

This leaves DHT with a VLCC stable worth $1.485m post takeover, the data shows.

Euronav presently has 23 owned VLCCs to its name worth $1.512bn, meaning it will boast the most valuable public VL fleet in the US when the twin listing is completed.

OTC-listed newcomer Navig8 Crude will be next in line among western public companies. Its 14 newbuildings which are today worth $1.399bn, the data provided to TradeWinds shows.

New York-listed Navios Maritime Acquisition has busily built an 11-strong VL fleet, which is priced at $581m right now.

John Fredriksen’s Frontline 2012, which is listed on the OTC and is set to build its crude fleet, presently has six VLCCs which VesselsValue prices at $452m collectively.

Oslo and New York-listed Frontline has a further 18 live VLCCs worth north of $500m en bloc, the data says.


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