Sources suggest a price of $50m enbloc for the Hyundai Mipo-built, 37,000-dwt King Ernest and King Edward (both built 2004) and 38,000-dwt King Everest (built 2001), as well as the Guangzhou-built, 38,000-dwt King Emerald (built 2004).
It is unclear whether the deal is on subjects.
It appears to be an important step for the expanding Indian tanker company and lifts its fleet to 15 units.
