Second-hand VLCC prices were said to be falling on Thursday as Japan's NYK was linked to a sale of a 2005-built tanker.

Brokers report the 310,000-dwt Toyo, with a drydocking due, has gone to Greek buyer Altomare for $28m. Other market sources, however, have put the price tag at between $29.5m and $30m.

It is valued at $30.71m by VesselsValue.