DHT seals funds for latest VLCC purchase

DHT Holdings has revealed a new secured credit facility that will be used to finance recently acquired modern VLCC. 

End-May, the New York-listed company landed a scarce secondhand capture of a 2018-built VLCC, Maria P Lemos, for $94.5m.

The owner of 24 VLCCs has now secured $45m, with Dutch bank ING as agent, to back the deal struck with Greece’s Enesel Shipping.

The new facility will have an interest rate equal to SOFR plus a margin of 1.80% and is otherwise in line with the “DHT-style” financing, the company said.

The Hyundai Heavy-built 319,200 dwt ship, which VesselsValue lists as worth around $101m is set to deliver in July.