Another day, another bunch of MR tanker sales as shipowners continue to cash in on rising asset values.

Bahri has been one prominent seller lately, with the Saudi owner seemingly taking advantage of the price bonanza to lower its exposure to its smallest and oldest kind of ships.

Unknown interests based in the United Arab Emirates have already swooped on Bahri’s 49,000-dwt Bahri Iris (built 2005), with brokers putting a $17m price tag on the deal.