COSCO sells vintage VLCC for steep discount

COSCO has sold the Japanese-built, scrubber-fitted VLCC Cosgrand Lake (299,000 dwt, built 2006) at a steep discount, brokers say.  Market sources report the 19-year-old tanker has been committed to undisclosed interests at $35m, well below the $40.67m valuation assigned by pricing platform VesselsValue.  Broker sources tie GMS to the deal. The company’s last VLCC purchase …

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