Indonesian owner Buana Listya Tama (BULL) is tipped to have put cash from a September equity issue to work and picked up a long-range-two (LR2) tanker from Thenamaris.

TradeWinds reported on Friday the 109,300-dwt Seafaith II (built 2000) had been sold to an Indonesian owner for $12m.

Some suggest the ship will be used on a storage project in Indonesia for PetroChina.

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