Transpetrol of Belgium is disposing of another MR tanker that has been a cash cow for the company.

European broking sources said it sold the 46,000-dwt ­Endeavour (built 2004) to IMS of Greece for $9.9m.

The price is in line with market expectations, but it represents a drop from the $11.2m that IMS paid in October for the sistership Resolve (built 2004), also from Transpetrol.