KOTC and Winson likely to sell VLCCs for demolition

Two veteran VLCCs that have been put up for sale are both considered possible scrapping candidates, given the dire freight market and a lack of likely trading buyers.

European broking sources say Kuwait Oil Tanker Co (KOTC) is seeking to offload its oldest unit, the 311,000-dwt Al Salheia (built 1998).

At the same time, bunker company Winson Oil is seeking a buyer for the 311,000-dwt Winson No 6 (built 1998).