The shiphas been put on the market by Dr Peters of Germany and can be inspected inZhoushan, China.

There arecurrently few potential trading buyers of 1990s built VLCCs.

UK-basedonline platform VesselsValue.com suggests the tanker is worth $20.3m, which isequal to scrap value.

However,the Greek owner has demonstrated in several deals that it does not shy awayfrom vintage tankers.

Last month,it bought two Japanese-controlled VLCCs — the 281,000-dwt Ryuho Maru waspurchased for $21.1m