Shipowner CM Lemos looks to be exiting the VLCC market in a deal which indicates a slight firming of asset values in the sector.

Shipbroking sources believe the company has sold the 298,000-dwt Gloric (built 2006) to compatriot shipowner Aeolos Management for a price of $33.3m.

CM Lemos has been signaling an intent to focus on smaller tankers and explored the double sale of two VLCCs to Zodiac Maritime this summer.