In an exchange filing the New York-listed company gave fewother details of the deal for the 309,995-dwt Ulysses (ex-PhoenixVoyager, built 1999).

However TradeWinds revealed this week that the ship looks tohave been snapped up by Malaysian FPSO specialist Bumi Armada with a likely viewto conversion.

Brokers had placed a price tag of around $23m on the vesselwhich is due for a special survey and dry docking later this month.

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