Giuseppe Bottiglieri Shipping has finally exited the tanker sector by selling the four product carriers in its fleet, according to brokers.

The Naples-based owner has reportedly agreed to sell the 40,166-dwt Manuela Bottiglieri, Alessandra Bottiglieri, Ghetty Bottiglieri and Mariella Bottiglieri (all built 2002) for $28m to Chinese interests.

The price tag is roughly in line with market levels, with Maritime Strategies International estimating the total value of those ships ranges between $25m and $31.4m