International Seaways is mulling how to dispose of its oldest VLCC, market sources say.

Rumours in the market last week flagged up the 309,000-dwt tanker Seaways Raphael (built 2000) as a demolition candidate.

TradeWinds understands Seaways has marketed the vessel for sale but has yet to receive any firm offers.

Sources say the tanker could go for scrap given the present market and firm demolition prices.