The last time IMS wanted to get rid of a vintage MR2 tanker was two-and-half years ago and the Greek company controlled by Marios Gialozoglou saw no better way to do it than to sell the ship for scrap.

It was 27 February 2022, five days after the Ukraine war broke out, when IMS sold the 47,500-dwt Star (built 2002) for scrap in Bangladesh at $678 per ldt or $6.5m