DHT Holdings Inc, the Bermudian-based crude oil tanker company, has agreed to sell the DHT Edelweiss, a 2008 built very large crude carrier, for $37 million.

The company said the vessel is not fitted with an exhaust gas cleaning system and is due for its third special survey and installation of a ballast water treatment system in the first quarter of 2023.

DHT expects to deliver the vessel to its new owner during the third quarter.

The vessel’s outstanding bank debt of about $12.2 million will be repaid in connection with the sale and the company expects to record a gain of about $6.8 million in the third quarter of 2022.

Following the sale and the recently announced retrofit programme, 100 per cent of the company’s fleet will be fitted with exhaust gas cleaning systems by the first quarter of 2023, the company said.