Cosco Shipping Energy Transportation has achieved a reportedly firm price for the first secondhand VLCC sale of 2023.

The tanker arm of state conglomerate China Cosco Shipping has sold the 298,833-dwt Cosgreat Lake (built 2002) to Middle Eastern interests for what Clarksons said is “very high $30ms”.

The UK shipbroker said the price was further evidence of the “firming of secondhand tanker asset values” since the start of last year.