Kuwait Oil Tanker Co (KOTC) has sold its second-oldest VLCC as tankers continued to represent the bulk of recycling market sales.
Demolition brokers in Europe said the Kuwait Petroleum subsidiary sold the 310,000-dwt Al Salheia (built 1998) in an "as is" deal in Kuwait for $407 per ldt, or $17.3m.
KOTC confirmed the sale of the ship but not the amount it was paid.
