OSLO, June 19 (Reuters)– The High Court of the Marshall Islands has actually disregarded with bias a claim brought by vessel company Frontline to quit competing DHT offering a significant risk to carrier BW Group, DHT stated on Monday.

Frontline, which according to Thomson Reuters Eikon information holds a 10.3 percent risk in DHT as well as is regulated by delivering magnate John Fredriksen, has actually been pursuing the previous year to take control of its New York- noted opponent.

However, DHT struck a tankers-for-shares take care of BW Group in March, making the last DHT’s largest investor with a risk of over 30 percent.

On June 7 the very same Marshall Islands court had actually turned down an initial order by Frontline in the very same instance.

“Frontline is now precluded from bringing similar claims against DHT, its directors and BW Group in any other court,” DHT stated in a declaration.

“Under Marshall Islands’ law, the dismissal also constitutes a ruling on the merits in favor of DHT.”

DHT’s chairman Erik Lind stated DHT “was very pleased with the dismissal”.

“We have consistently stated, both in court and to our shareholders, that Frontline’s claims are without merit. Two courts have now agreed with us, and we welcome the dismissal as an appropriate end to the matter,” he stated in the declaration.

Frontline decreased to comment. (Reporting by Ole Petter Skonnord, composing by Gwladys Fouche, modifying by Terje Solsvik)

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