The German owner is understood to have sold the 306,500-dwt DS Vidonia (built 2006) to a Greek owner.

A price of $57.5m is being placed on the transaction, with a premium of around $1m attributed to its prompt delivery in the Arabian Gulf.

Rates out of the Arabian Gulf heading east are presently at almost $89,000 per day according to Howe Robinson Partners and it is into this hot market that the tanker will arrive with its new owner in under two weeks.