A VLCC involved in trading sanctioned oil is reported to be heading for breakers’ breaches as trading options dwindle for these veteran tankers.
Brokers said the 300,000-dwt Artemis III (built 1996) has been sold for scrap, but no price or destination is yet available.
In December, the Malaysian coastguard boarded and detained the Honduras-flagged VLCC and accused it of carrying out an unauthorised ship-to-ship transfer of Iranian oil off its coastline.
