Norwegian shipowner Knutsen OAS Shipping has sold a small product tanker to Algoma Central of Canada.
Knutsen director Jon Einar Dalsvag confirmed the sale of the 16,500-dwt Louise Knutsen (built 2010), which has reportedly gone for between $15m and $16m. It has already been renamed Algoterra.
“This is not core business for us,” Dalsvag said of the product tanker sector.
