AET — the tanker arm of Malaysia’s MISC Berhad — is out of the stainless-steel chemical tanker market with the sale of the last such vessel remaining in its fleet.

The departure of the 20,000-dwt stainless-steel chemical tanker Bunga Lily (built 2011) completes an exit strategy that began in 2019.

Brokers report the Bunga Lily has been sold for $21.7m,