According to court documents the Belgian tanker owner and the private equity firm’s alternative asset management offshoot, GSO Capital Partners, are behind a joint venture that has offered to purchase three of the debtor’s VLCCs and a pair of aframaxes for roughly $255m.

The partnership has its sights set on the 297,000-dwt trio Overseas Kilimanjaro(built 2012), Overseas McKinley (built 2011) and Overseas