New York-listed Gener8 Maritime has achieved a firm price for a 13-year-old VLCC.

The Hyundai Samho-built, 318,000-dwt Gener8 Ulysses (built 2003) sold to SBM Offshore is tied up on subjects for $31m. VesselsValue estimates the tanker is worth just $27.49m.

The ship was purchased as Crudestar from Metrostar by General Maritime for $83m in 2010.

Peter Georgiopoulos-led Gener8 has a diversified tanker fleet from panamax to VLCC size and has 45 tankers on the water.