Naftomar Shipping & Trading is selling one of its three VLGCs for demolition.

The Greek shipowner has sold the 77,000-cbm Gaz Unity (built 1982) "as is" in the United Arab Emirates for $435 per ldt or $9.3m, some demolition sources said.

Brokers believe the Mitsubishi Heavy Industries-built ship is bound for recycling in India, where prices were on the rise this week.