Photo by joeygil/iStock via Getty Images
Investment Thesis
DHT (DHT) is a tanker company that manages a fleet of 27 VLCCs. Management at DHT has in my view navigated the last couple of years tanker market extremely well, better than most peers. The company locked a significant portion of the fleet on longer time-charters around peak rates in 2020. This has lead the company to perform in-line with peers during the peak period, but has not been given back earnings during the more recently weaker…
