Oslo-listed shipowner SD Standard Drilling has sold its 33.3% holding in a VLCC jointly owned with Idan Ofer and George Economou.

The Norwegian company, controlled by tycoon Oystein Stray Spetalen, said its disposal of the 300,000-dwt Gustavia S (built 2020) valued the tanker at $93m.

The deal is part of a switch to greener investments in renewables.