India’s Seven Islands Shipping has sold two of its veteran tankers for scrap, sources say.

The 157,400-dwt Saffron (built 1998) is said to have been sold “as is” in Colombo. It has 700 tons of bunkers and is sold in a full gas-free condition for $10.4m.

Seven Islands bought the vessel as Beijing from Dynacom Tankers for $22.5m