Onassis company Olympic Shipping and Management has offloaded its oldest VLCC at a surprisingly robust price — providing further evidence of a disconnect between tanker freight rates and secondhand prices.
The Athens-based company has agreed to sell the 309,300-dwt Olympic Legend (built 2003) to Far Eastern buyers for $31.5m, according to market sources in Athens.
Brokers have been reporting a sale of the ship to Middle Eastern interests since 8 July.
