An unidentified buyer has snapped up an arrested VLCC formerly controlled by Ghassan Ghandour at auction in Singapore.

UK shipbroker CW Kellock, which handled the sale, told TradeWinds the highest bid for the 320,300-dwt Chloe V (built 2011) was $42.1m from Navygold Maritime.

It is not yet known who is behind this special purpose vehicle.