The Singapore-based owner has sold the 4,280-dwt RubyExpress (built 1990) to an operator in St. Vincent and the Grenadines for$0.5m, it announced today.

Like the previous two sales, the proceeds are being used topartly repay an existing bank loan and for working capital purposes.

It leaves Yujin with one remaining bunker tanker and twosmall tankers on time charter.

The company announced in April its intention to quit theLondon Stock Exchange due to the cost of maintaining a listing.

But