The Polemis company New Shipping has bought a 15-year-old VLCC for an attractive price.
Sources say the Hyundai-built 319,000-dwt TI Topaz (built 2002) was acquired from Euronav for $21.1m.
New Shipping has 11 VLCCs with an average of 11 years.
It last bought a VLCC in December when the Jinhai-built 320,000-dwt Hangzhou (built 2016) was bought from GC Tankers for $59m.
