The transaction was finalized on Friday, with the vessel's delivery anticipated by the third quarter of the fiscal year 2025.
Following this sale, the company's fleet will consist of 43 vessels, including 29 tankers—comprising six crude carriers, 19 product tankers, and four LPG carriers—and 14 dry bulk carriers, which include two capesize, eight kamsarmax, and four supramax ships, totaling 3.41 million dwt.
In recent moves to rejuvenate its fleet, the company also sold an MR product tanker and a supramax dry bulk carrier, both of which are scheduled for delivery by the third quarter of the fiscal year 2025. This fleet overhaul follows the acquisition of the 2013-built STI Beryl from Scorpio Tankers for $36.6 million a month ago.