A chemical tanker looks to be heading for new ownership after finishing its time charter with Chembulk.

Brokers are reporting the 19,900-dwt Chembulk Kings Point (built 2008) has been sold for a price of below $14m.

Some are connecting the vessel with Petrovietnam, however, this could not be confirmed at the time of writing.

While the tanker carries the Chembulk name, it is owned by an affiliate of Japan’s Hisamoto Kisen.