German Tanker Shipping (GTS) has reportedly pulled off a coup by offloading two elderly MR1s for a very strong price.

Brokers said the 32,500-dwt Seahake (built 2003) and 32,300-dwt Searay (built 2004) have gone to unknown interests for a combined $30m.

The vessels, built at the Lindenau shipyard in Germany, are assessed as worth only $10.5m and $11.5m, respectively, by VesselsValue.