Japanese giant NYK Line is believed to have sold one of its older VLCCs.

Shipbrokers report that the 303,000-dwt Taga (built 2004) has been bought by an Indonesian owner after being awarded a contract with Pertamina.

A price of $26.3m is being placed on the tanker, above the $24.59m VesselsValue has against the Universal built ship.

TradeWinds has contacted both NYK and Pertamina for comment.