German owner Schulte Group has been revealed as the seller of two LR1 tankers that allowed Transworld Group of Dubai to enter the product sector.

The United Arab Emirates company said last week that it had acquired two 74,000-dwt product carriers that were renamed TTC Vidyut and TTC Shakti.

Brokers say these vessels are the Azurite and Amber (both built 2008) that TradeWinds reported offloaded in September for around $19m each.