Japan's Asahi Tanker has sold a 13-year-old MR tanker in what appears to be a renewal of the company's fleet.

The Iwagi-Zosen-built 48,000-dwt Akama (built 2003) is believed to have fetched $11m.

UK-based online platform VesselsValue says the tanker is worth $11.7m.

The ship is due for special survey in November 2018.

Asahi has two MR tankers on order at domestic Minami Nippon Shipyard for delivery in 2017 and 2018.

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