Gulf Energy Maritime (GEM) has been linked to four sales of LR1 tankers, which would cut its exposure to the segment by half.
Less than a year ago, the Dubai-based company sold the last of its larger LR2 vessels.
Several brokers in the US, London and Greece reported GEM has sold the 75,000-dwt sisterships Gulf Cobalt, Gulf Crystal and Gulf Castle (all built 2009) for about $17.8m
