A closely-watched aframax tanker sale that is expected to set a new benchmark price for such tonnage was continuing to puzzle the market as TradeWinds went to press.

Offers were due on Wednesday morning London time for the 114,000-dwt Phoenix Adva

nce (built 2011), which was said to have been inspected by between seven and nine parties.

Shipbroking sources say the Mitsui OSK Lines (MOL)-controlled tanker had received bids from four or five separate owners, with prices in the region of $25m to $28m said to have been put on the table.