Lebanese owner Ghassan Ghandour continues to sell off new VLCCs after apparently disposing of a fourth unit in two months.

A 320,000-dwt tanker due for delivery from Daewoo Shipbuilding & Marine Engineering in August has reportedly been sold to Minerva Marine of Greece for in excess of $112m.

A source tells TradeWinds that the deal was concluded a month ago but has only just surfaced.

Minerva