Widely circulated reports of a quick VLCC asset play by NGM Energy have turned out to be incorrect, as the Piraeus-based company remains the owner of the ship.
Brokers recently reported that the Greek shipowner had sold the 299,000-dwt Vida (built 2003) to United Arab Emirates-based buyers for $25.5m to $26m at a time when asset prices were picking up across the tanker spectrum.
