Greek shipowner Eurotankers has offloaded an 18-year-old VLCC for demolition in a deal that has caught the recycling market by surprise.

Brokers said the company has sold the 303,000-dwt tanker Eurodestiny (built 2003) in a transaction that will see it scrapped in Pakistan.

Vessel tracking data shows that the ship is currently on its way to the ship recycling centre of Gadani, Pakistan.