Ghassan Ghandour is believed to have made a move for two VLCC resale contracts in a long-anticipated return to the sale-and-purchase (S&P) market.

Ghandour’s Gulf Marine Management is understood to be the buyer of two tankers set to be rolled out of Jinhai Heavy Industry next year.

Chatter has surrounded the two hulls for several weeks, with Greek owner Adam Polemis another familiar industry face to be connected with the tankers.