The sale of an elderly aframax by Pakistan National Shipping Corporation (PNSC) has provided a compelling example of buoyant tanker values.
The state shipowner confirmed in a filing to the Pakistan Stock Exchange that it had completed the sale of its 107,100-dwt Karachi (built 2003) to undisclosed interests this week.
The sale was first reported by shipbrokers in November at $19m or $21m.
