Major oil trader Vitol is reportedly shaking off yet another pair of tankers, adding to a string of sale-and-purchase deals that has made the company a serial seller.
But broker reports linking the sales to Peter Georgiopoulos-led company United Overseas Group (UOG) appear to be wide of the mark.
Several brokers in Europe and the US reported this month that Vitol has agreed to shed the 51,400-dwt Elandra Fjord and Elandra Baltic (both built 2011) for about $50m in total.
