Teekay Tankers is said to have sold its last MR products tanker to complete a strategic exit from the sub-sector.

New York-listed Teekay Tankers has secured $13.3m for the 46.900-dwt Hugli Spirit (built 2005), tanker market sources suggest.

Analyst Magnus Fyhr of Seaport Global Securities said in a report the price was 5% below his valuation of the ship.

It was not immediately possible to secure comment from Teekay on the reported sale today.

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