DHT Holdings Moves co-CEOs from Oslo to Singapore
VLCC owner DHT Holdings announced that its Co-CEOs have relocated to Singapore. The relocation follows changes in the tax law in Norway from 2019 for tax residency of companies formed outside of Norway.
The crude oil tanker company said that the new legislation takes into account the place of daily management as well as the place of management and control on board level. The Company's tax residency will remain unchanged in Bermuda.
The Company's office in Singapore will hold senior management, chartering, operations, newbuilding supervision and technical management whereas the Company's office in Norway will retain functions within finance, accounting, investor relations, chartering and operations.
DHT's fleet trades internationally and consists of crude oil tankers in the VLCC segments. It operates through our integrated management companies in Oslo, Norway and Singapore.