Hong Kong-listed Seacon Shipping has made a quick profit by declaring a repurchase option on an MR tanker and then selling it on.

The company said it had paid $21m to China’s AVIC International Leasing to buy the 34,800-dwt product carrier Golden Dahlia (built 2021).

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The Golden Dahlia has now been snapped up by Laurent Cadji-led Union Maritime in the UK for $32.88m.