Great Eastern Shipping (GES) has managed to offload a 1999-built tanker which was up for sale for at least two years.

The Indian owner said the 105,051-dwt Jag Laxmi (built 1999) will be delivered to the unidentified buyer in the first quarter of financial year 2016-2017.

Brokers suggest the ship has been taken by Indonesian buyers for around $13.6m while VesselsValue places a price tag of $12.54m