The seconhand market for aged tankers has remained active this week with AET Tanker reportedly selling a 14-year-old VLCC.

Brokers said the Singapore-headquartered owner, part of Malaysia’s state carrier MISC Berhad, fetched $31m for the 300,400-dwt Bunga Kasturi Tiga (built 2006).

The Universal-built vessel’s price tag was described as “fair” and “good” considering the weakness in tanker asset markets.