Japan's NS United has confirmed the sale of its only VLCC for a tidy profit.
TradeWinds had previously reported the company as having taken advantage of an upturn in tanker asset values in selling the 302,000-dwt VLCC Yugawasan (built 2005) for $33m to Greece’s Dynacom.
NS said on Tuesday that it had sold the ship and would book a capital gain of about ¥2.93bn
