Italy's d’Amico International Shipping and trader Glencore have made a tidy profit from selling a mortgage-free MR tanker in a hot market.

The companies' joint venture, Glenda International Shipping, has agreed to offload the 46,000-dwt Glenda Meredith (built 2010) for $19m.

VesselsValue estimates the Hyundai Mipo-built tanker is worth $18.1m.