Market sources say the Nasdaq-listed shipowner is on the fringe of offloading the 280,000-dwt Hampstead (built 1996) in a transaction worth an estimated $23.5m.
One leading sale-and purchase broker claims a Chinese buyer picked up the tanker with the intention of converting it for floating storage while others believe the counterparty is Greek.
The price tied to the deal, which has not been confirmed, represents a premium of $0.8m