Vintage VLCC sells for $41m in record-breaking deal

The booming secondhand tanker market has reached new heights with the sale of the 21-year-old VLCC City of Tokyo for a reported $41m, setting a new benchmark for vintage VLCCs. The Liberian-registered Ashley Marine, a single-ship company, is offloading the Universal-built vessel, which has become the third sister ship of the same age and yard …

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