Japanese owner MOL is believed to have sold its oldest LR1 product tanker.

Tokyo-listed MOL has parted with the 74,000-dwt Advance Victoria (built 2006), shipbrokers say.

A price of $13.5m is being placed on the sale, which is in line with the $13.88m VesselsValue has against the tanker.

The Advance Victoria is the oldest of the eight LR1s in the MOL fleet, according to the online service.