Latvian Shipping, a subsidiary of trading giant Vitol, is said to be selling the remaining two 37,000-dwt product tankers in its owned fleet.
The Riga-based company has tentatively agreed to sell the Kandava and Krisjanis Valdemars — ice-class vessels delivered from Hyundai Mipo Dockyard in 2007 — to European interests at $11.8m each, several brokers report.
There have been rumours that Atlantica Shipping is behind the purchase.
