Trading giant Vitol is believed to have deepened its interest in VLCC ownership with the purchase of a tanker from Navios Maritime Acquisition.

Multiple brokers connected the London-headquartered company with the acquisition of the 305,100-dwt Nave Electron (built 2002).

TradeWinds reported last week that New York-listed Navios Acquisition had sold the vessel for a little over $25m as part of an ongoing fleet-renewal effort.