The106,000-dwt Arab (built 1998) is reported sold for$12.8m.
Brokers say the ship is set to be converted into a shuttle tanker
This issome $4.5m more than the scrap value of the tanker.
Marinakisbought the Hyundai-built tanker as HS Elektra in May last year for just $8.5mto $9m.
It was takenthrough special survey in August last year.
