UK-based Foresight Group has sold a 20-year-old VLCC for demolition.

The 306,000-dwt Agra (built 1999) is said to have been offloaded as is in Singapore for $452 per ldt or $19.1m.

Sources said it is likely the ship, which has up to 1,000 tons of bunkers, will be scrapped in Bangladesh.

VesselsValue assesses the tanker as worth $19.29m for further trading and scrap.