Shipowners are reportedly selling old VLCCs at strong prices despite freight earnings remaining in the doldrums amid tonnage oversupply.
Their good fortune is due to firming demolition rates and improved sentiment in the secondhand market, tanker experts said.
In a scrap deal, Thailand's Prima Marine was reported to have sold the 299,700-dwt Darin Star (built 1994) for between $440 and $445 per ldt on an "as is" basis in Malaysia.
