International Seaways has joined the list of shipowners sending VLCCs to the breakers with more expected to following the coming weeks, sources say.

New York-listed International Seaways is reportedly selling its 309,000-dwt Seaways Raphael (built 2000) for scrap.

The ship was sold as is in Sohar, Oman for $442 per ldt or $18.9m, demolition specialists say.

After the latest sale, close to 20 VLCCs have been torched so far in 2018.