United States

Marine Freight & Logistics

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DHT Holdings Inc acquires 11 VLCCs from BW Group

4:52am EDT

DHT Holdings Inc : DHT Holdings Inc Announces acquisition of 11 VLCCsfrom bw group and equity issue at $5.37 per share . Says expects that BW Group's VLCC fleet will be delivered during Q2 of 2017 . DHT Holdings Inc - BW Group's VLCC fleet has a value of approximately $538 million at prevailing broker valuations . Says fleet consists of 11 VLCCs, including two newbuildings due for delivery in 2018. . DHT Holdings Inc - will finance acquisition by issuing approximately $256 million of DHT capital stock, consisting of approximately 32 million shares of DHT common stock .DHT Holdings Inc - will also pay BW Group $177.36 million in cash and assume approximately $104.16 million in remaining obligations with respect to two newbuildings.

Kanda Holdings to fully buy Hyogo-based transportation firm

2:06am EDT

Kanda Holdings Co Ltd <9059.T> :Says it plans to fully acquire 100 percent stake in a Hyogo-based firm which is mainly engaged in general cargo automobile transport business, on March 23.

DHT Holdings announces sale of its oldest VLCC

Friday, 17 Mar 2017 08:36am EDT

Dht Holdings Inc - : Announces sale of its oldest VLCC . Deal for for $24.8 million . About $13.0 million of bank debt will be repaid in connection with sale and company will record a book loss of about $4.0 million in Q1 2017 .Company will deliver vessel to its new owners during Q2 and it is expected to retire from trading fleet.


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