George Procopiou, a Greek owner sitting on a huge newbuilding orderbook, has sold one of its oldest suezmaxes to a company that seems to be making a debut in that particular corner of the tanker market.

The S&P Global database indicates the 150,000-dwt Demetrios (built 2011) has changed ownership this month and is now trading as the Grace Noel with Stanislav Raspopov-led Grace Energy Shipping (GES).