Melissanidis-family company Aegean Shipping Management has sold a five-year-old MR product tanker, just as it received delivery of an aframax newbuilding.

London-based brokers said Aegean sold the 50,900-dwt tanker Green Hellas (built 2014) to unidentified Chinese owners for about $26m. Managers at the company did not respond to a request for comment by the time of writing.

The Green Hellas was one of four sisterships delivered to Aegean Shipping Management in 2014 Photo: Tony Hogwood/Marine Traffic

George Melissanidis-led Aegean is often active as a seller on the sale-and-purchase market.