China VLCC says it has sold two modern VLCCs to an unnamed third party for a combined price of $117.5m.
The identities of the vessels was not disclosed but are thought to be the 297,600-dwt New Coral (built 2010) and the New Medal (built 2009).
Online valuations platform Vesselvalues says the Jiangnan Changxing Shipbuilding-built ships are worth $57.6 and $54.8m respectively.
Details of the sales came in a regulatory filing to the Shanghai Stock Exchange by China Merchants Energy Shipping (CMES).
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