Greek shipping giants Angelicoussis Shipping Group (ASG) and Thenamaris are linked to yet more sales of ageing tankers, freeing space in their fleets for ultra-modern vessels just ordered or taken delivery of.

US-based brokers report that ASG company Maran Tankers Management is in the process of selling the oldest of its nearly 50 oil carriers — the 306,000-dwt Elizabeth IA (built 2004).