Greece's Navios Acquisition has confirmed a VLCC sale while revealing two long-term charters for its big tankers.

The company said it had offloaded the 305,0000-dwt Nave Electron (built 2002) last month for $25.3m.

In the summer, brokers said the vessel had gone to Elandra Tankers, a Singapore-based joint venture between Vitol and a subsidiary of Standard Chartered Bank.