General National Maritime Transport Co (GNMTC) is pursuing its fleet-renewal programme, with up to four separate transactions on both sides of the sale-and-purchase fence.

Deals reported by several brokers since 28 March suggest that Libya’s state-owned oil company is about to buy two aframax newbuildings to replace an ageing suezmax pair.

This is a pattern similar to the one observed in 2020 and 2021, when GNMTC bought three aframax resales at about the same time it offloaded as many older vessels of the same type.