A veteran ABG Shipyard-controlled VLCC is to be sold off in Hong Kong next month.

The 300,000-dwt Varada Blessing (built 1993) will be auctioned on 1 November.

The tanker is controlled by Varada One, a shipowning vehicle of Varada Marine, the shipping arm of struggling Indian builder ABG.

Varada Blessing was previously sold at auction in Hong Kong last July and destined for demolition in Pakistan.

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