Arcadia, however, calls it a mere rumour. “The ship is not for sale,” managing director Dimitrios Mattheou told TradeWinds.

Suezmaxes have attracted increased interest in recent months. Arcadia is set to double its suezmax fleet with four new 160,000-dwt units ordered at Hyundai Heavy Industries (HHI) for $68m each for delivery in 2016.

Constantine Angelopoulos-controlled Arcadia has 14 tankers trading. They were built between 1999 and 2007, with a total capacity of 1.74