A Shipping Corporation of India vessel has become the first suezmax tanker sold for demolition since April.

The 147,474-dwt Ankleshwar (built 1994) has been acquired ‘as is’ Colombo, Sri Lanka for $368 per ldt, with extra payment for bunkers by the end buyer. With the ship weighing in at just under 22,300 ldt, that equates to about $8.19m.

GMS reports that factoring in repositioning costs, the resale is expected to comfortably surpass $400 per ldt.