Interorient is believed to have sold one of its product tankers.

Brokers say the transaction suggests a slight softening of asset values in the sector.

Interorient has secured around $7.6m for the 37,300-dwt Baltic Champion (built 2003), shipbrokers report.

It was not possible to reach officials at Interorient for comment at the time of writing.

Sources note a deal would mark a click down in prices from last done.