Singapore's High Court is set to auction one of the last remaining unsold Xihe Holdings VLCCs during the first week of January.
The 318,600-dwt crude carrier Wu Yi San (built 2012) is to be sold via a sealed tender bidding process, with offers on the vessel due in on Tuesday 4 January at the Sheriff of Singapore's office.
With market analysts expecting a recovery in tanker freight rates, a modern VLCC such as the Wu Yi San is likely to attract strong buying interest, shipbroking sources told TradeWinds.
