Tanker giant Euronav is close to resuming its policy of offloading vintage tankers, amid infinitely more favourable conditions than the last time it did so earlier this year.

The Brussels and New York-listed owner is in advanced talks to sell the 158,900-dwt Cap Guillaume (built 2006) to undisclosed buyers, according to broking sources in Athens.

If a deal materialises, it will be at a price setting a new benchmark in an environment of inexorably rising tanker values.