A reported VLCC sale by Evangelos Marinakis shows tanker asset prices remain firm amid healthy earnings prospects, according to market participants.
Brokers reported that the scrubber-fitted, 320,925-dwt Miltiadis Junior (built 2014) was sold for between $69m and $70m.
No information is available on the buyer of the Liberia-flagged, Shanghai Waigaoqiao Shipbuilding-constructed vessel.
The Miltiadis Junior was arrested in South Korea for more than two months in 2018 during a legal fight between SK Shipping and Capital Ship Management, the Marinakis-controlled firm that owns and operates the vessel commercially.
