Leading Tanker Company To Acquire Stocks at Spot Rates

The leading tanker major DHT is back in takeover mode with asset prices poised to fall, DHT preps to buy.
The quarterly call of DHT Holdings (NYSE: DHT) was easy listening for its investors. Not so for stockholders of DHT’s competitors, which are much more exposed to spot rates.
DHT, unlike almost all other public crude-tanker owners, is heavily shielded from spot downside by time charters.
Now, it’s prepping to buy tankers as spot rates slump, ship values fall, and owners without period...