With middle-aged tankers attracting strong buying interest, a 2004-built MR2 product tanker that will be auctioned in Singapore on 19 December is expected to draw a good number of suitors.

The 46,900-dwt Victor 1, which was arrested by its unpaid crew on 28 March, will be sold via a sealed-bid tender auction, the preferred method for judicial vessel sales in Singapore.

The Hyundai Mipo-built Victor 1 was found to be in overall fair condition in a report submitted to the Sheriff of Singapore’s office by marine surveyors from Sedgwick Singapore.