Singapore-based BW Maritime has collected $36m for the298,600-dwt BW Luna (built 2003), independent brokers in the UK tellTradeWinds.

Indonesian owner Soechi Lines is tipped to be the buyer.

A London-based broker explains, should the price beconfirmed, it supports a belief that VLCC values are starting to rise amid renewedinvestment interest in the sector.

He points to the sale of the 318,000-dwt Eagle