Chairman Bjorn Tore Larsen of Arendals Dampskibsselskab (ADS) has denied reports that it has sold an aframax tanker.
The 107,000-dwt ADS Oslo (built 2003) was said to have gone to another Norwegian owner for a firm $11.7m.
“The reports are pure nonsense,” Larsen said.
ADS bought the ship as Pacific Leo from Japan’s Iino Marine for $21.8m in March 2014.
