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Ageing VLCC changed hands for fifth time in three years
The 'Timimus' has been sold for around $31m. The 21-year-old tanker has changed hands for the fifth time in three years. In 2020, the ship was named 'Seaways Mulan' and sold for $23.5m by the US-based International Seaways to the Oia Shipping. The ship then changed hands to a Chinese outfit called Youfu Shipping which renamed the ship 'Xiao Zhu Shan'. It was then sold again to an undisclosed Hong Kong-registered outfit, and renamed 'Yannis'. It ended up with an outfit called Yangfan Ship Management.
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