German owner Dr Peters is down to its last tanker after Greece's NGM Energy swooped for its final VLCC.

Market sources said the Moundreas family company is paying $22m for the 299,000-dwt DS Commodore (built 2000) as sales of big tankers continued in a hot spot market paying $120,000 per day.

The price has been described as $2m below market levels, although VesselsValue assesses the ship as worth $18.8m.