The tanker S&P market remains active, with vintage tonnage still dominating broker columns. The focus now has switched from VLCCs to smaller sizes, with suezmaxes being the most popular sales candidates. A string of prominent owners have been making fortunes flipping ships that have only been with them for months.

In the suezmax segment, Dubai-based, Lila Global, Anil Sharma’s shipowning arm, has let go of the 2004-built Lila Shenzhen for $25m, a ship Sharma had bought in April for just $16.5m.