An aframax tanker that Zodiac Maritime has been trying to sell since late last year has emerged in the fleet of a recently formed, low-key tanker player in Dubai.

Kader Management and Shipping has just taken over Zodiac’s 105,900-dwt Blue Sun (built 1998) and renamed it Jubilant.

Broking sources said the vessel — which is due for special survey in June — was sold for $8.5m