Maran Tankers Management has found a Greek buyer for a 20-year-old VLCC as the company continues to clear out its older vessels in the sector.
The Greek shipowner has sold the 306,000-dwt Antonis I Angelicoussis (built 2000) to an apparent trading buyer for $19.5m, Greek brokers said.
Initial reports suggested that the DSME-built tanker had been committed to a deal in November for $24.65m, but this was not finalised.
With pressure on freight rates and values, the John Angelicoussis-controlled company appears to have settled for a lower price.
The Antonis I Angelicoussis is due for special survey in October 2020.
VesselsValue estimates the tanker is worth $20.1m.
The ship has already been renamed Mirage, indicating a deal may have been concluded some time ago.
Maran declined to comment on the sale, citing standard policy against discussing commercial matters.
The company is a major VLCC owner, with 42 vessels and two newbuildings.
Maran has sold four vintage VLCCs this year, bringing the average age of its VLCC fleet to eight years.
