Eastern Mediterranean Maritime (Eastmed) has concluded a third VLCC sale within a few weeks.

Managers confirmed that the Hyundai Heavy Industries-built, 308,500-dwt Marina M (built 2000) has been sold and delivered to new owners.

Market sources told TradeWinds that the Marina M has gone to a Middle Eastern trading buyer for $32m. VesselsValue already lists the ship under a new name — Lerax — and vessel trackers locate it as ballasting off Karachi.