The fleet of Germany's Hansa Treuhand is set to shrink further as the company seeks to sell one of its largest ships.

European shipbroking sources say the 160,000-dwt tanker HS Alcina (built 2001) is expected to arrive in Basrah, Iraq, early next week, where it will be available for inspection.

VesselsValue suggests the DSME-built tanker is worth $11.5m, with a scrap value estimated at below $10m.