There is renewed talk about Mercator exiting the VLCC market.

The Indian conglomerate is said to be selling its only remaining VLCC to Greek interests.

Moundreas family company NGM Energy has agreed to buy the 299,000-dwt Nerissa (built 2006) for $34m, several brokers in London and Athens say.

The reports come just a couple of weeks after news that Mercator has committed for sale its only gas carrier.