Greece’s Atlas Maritime has sold one of its oldest ships in what may prove the opening gambit in a gradual renewal of its aframax fleet.

The Leon Patitsas-led company has shed the 115,500-dwt Atlas Voyager (built 2003), according to market sources in Athens. They said Atlas raised $16.5m from the sale, far above the price range of $15.2m to $16m price tag listed in broker reports.