The International Foundation for Aids to Navigation (IFAN) has sold its only ship as it raises funds for core work in the Middle East.

The not-for-profit organisation, which maintains navigation infrastructure for vessels, said a deal has been agreed for the 82.6m-loa multipurpose platform supply vessel Relume (built 2004).

No buyer or price has been given for the Romanian-built ship, but VesselsValue assesses it as worth $16.6m.