New York-listed International Seaways is taking a 19-year-old VLCC towards the sales block, but the unit has not been sold as yet.

That was the word on Tuesday from International Seaways chief executive Lois Zabrocky in response to broker reports linking the owner to the sale of the 298,600-dwt Seaways Tanabe (built 2002) to Thai Oil for between $24.5m and $25m.