A VLCC linked to Fractal Shipping has reportedly been sold.
Brokers in Greece and Norway said this week that the 311,000-dwt Phoebe (built 2005) was offloaded to Chinese interests for $40m.
The ship was once in the fleet of Switzerland-based Fractal but appears to have ended up in the control of one of several splinter companies once the outfit was sanctioned by the UK government in February.
