They are the Chinese-built, 156,000-dwt Reef (built 2010) and Profit (built 2009), which were believed to have gone for $52m and $50m, respectively.

Geden chief executive Tugrul Tokgoz says the rumours were untrue but does not elaborate further. It appears nothing has been finalised, with speculation focusing on who might be behind such a deal.

One obvious candidate is Nordic American Tankers (NAT), one of the leading suezmax players.