Greenline Ship Management of the United Arab Emirates has sold its only vessel, the 75,000-cbm LPG carrier Carmen (built 1993).
Demolition brokers say the 25 year old VLGC has gone for scrapping in India.
The ship has sold for $442 per ldt or $7.5m.
Greenline bought Carmen from Kumiai Navigation in March 2013 for $24m.
