Sinokor Merchant Marine has sold one of its older VLCCs to Kunlun Shipping of China, shipbroking sources say.

Two-year tanker up-cycle has started
 Read more
Tanker scrapping hits highest level in over 30 years
 Read more

Sinokor has secured a price of around $23.5m for the 292,4000-dwt Pacific Glory (built 2001), multiple brokers report.