Greek owners have been active in scrapping crude tankers as the demolition market burst back into life after Chinese New Year.

Philip Embiricos-controlled Aeolos Management is disposing of two of its oldest VLCCs. The 281,000-dwt Poros (built 2000) and 305,000-dwt Kos (built 2001) are both believed to have secured $440 per ldt having be sold "as is" in Khor Fakkan.