John Angelicoussis' Maran Tankers is buying three VLCCs that are being sold off from Xihe Holdings' interests following the collapse of sister companies Hin Leong Trading and Ocean Tankers.

Tanker market sources said Maran trumped an offer from a Chinese buyer for the 318,000-dwt Tai San (built 2009) and Tai Hung San (built 2010), as well as the 319,000-dwt Pu Tuo San (built 2011).