Market talk that Embiricos company Aeolos Management has sold a 20-year old VLCC resurfaced this week - at a considerable premium to the price it was initially rumoured sold last month.

First reports about the 281,000-dwt Kalamos (built 2000) changing hands made the rounds at the end of May. The Japanese-built ship was then believed to have fetched between $23m and $24m.