Iver Ships, a unit of Dutch group Vroon that underwent financial restructuring earlier this year, continues to shrink its MR product tanker fleet.

Broking sources in Piraeus said the company has sold the 46,600-dwt Iver Exact (built 2007) to clients of Spring Marine Management for around $14m. The Hyundai Mipo Dockyard-built ship is currently operated by Malta-based Handytankers.

Neither Spring Marine nor Iver Ships responded to a request for comment by the time TradeWinds went to press.