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The Jupiter was last seen off Malaysia's Tanjung Pelepas, which has oil and container terminals and is a major hub for tankers used as floating storage. Photo: APM Terminals

Mercuria to quickly flip vintage VLCC for strong gain in buoyant secondhand market

Vessel built in 2000 being sold for $27m after dry docking and various upgrades

18 June 2021 15:19 GMT Updated 21 June 2021 12:51 GMT

By Max Tingyao Lin

in London

Mercuria Energy Trading is about to flip a vintage VLCC for a strong gain after upgrading the vessel in an increasingly bullish secondhand market.

Athenian Sea Carriers sells oldest VLCC in surprisingly brisk S&P scene for tankers

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Mercuria to quickly flip vintage VLCC for strong gain in buoyant secondhand market