Team Tankers International does not have a “For Sale” sign on the lawn of its headquarters in Westport, Connecticut, but it might as well.

The disposal last month of the owner’s European fleet and operations in Spain was one more step in the management’s campaign to sell the larger company, executive chairman Morten Arntzen said.

“It’s part of a bigger strategy we’ve been executing all year,” Arntzen told TradeWinds.