In this episode of Capital Link’s Spotlight Podcast Series, DHT Holdings (NYSE: DHT) President and Chief Executive Officer, Mr. Svein Moxnes Harfjeld explains how the crude tanker market has entered a different phase, supported by years of underinvestment in new tonnage and a fleet that is becoming old and limited. According to Mr. Harfjeld, the strength seen in tanker markets over the past year was not only caused by the geopolitical disruptions, but by structural changes that had years in the making. “We saw this really play into force last fall when the markets started to strengthen significantly without any particular geopolitical events driving this improvement,” he said. For years, uncertainty over future fuel technologies, environmental regulations and the prospect of peak oil demand discouraged owners from ordering ships. The result is a fleet that has grown far more slowly than many expected. That caution has left the industry with limited fleet growth at a time when oil moves across changing trade routes due to a string of disruptions. For owners of VLCCs, the dynamic has created a supportive backdrop. DHT, which operates a fleet exclusively on the VLCC segment, has been among the beneficiaries. View the full webcast: https://youtu.be/o75gS-RDZC0