Pantheon Tankers has taken a further step in a sweeping fleet renewal process that saw the company buy, sell and order multiple vessels in recent years.

According to ship management sources and brokers in Athens and the US, the Anna Angelicoussis-controlled company sold its two oldest ships, the 159,100-dwt suezmaxes Astro Polaris and Astro Phoenix (both built 2004) for $43m en bloc.