AET, the tanker arm of Malaysian shipping giant MISC Berhad, is reportedly selling another of its VLCCs.

Brokers said this week that the 300,000-dwt Bunga Kasturi Empat (built 2007) is in the process of being sold to conversion buyers for $35.5m.

The sale is said to be part of the company's longer-term agenda to rejuvenate and maintain a VLCC fleet of eco-efficient vessels including LNG dual-fuel ships.