The High Court of Hong Kong has sold the 2013-built VLCC Bright Glory in an auction yesterday.
Shipbroking sources told Splash that the vessel was bought by a special purpose company called Sky Limit, which is rumoured to be linked to Greek owner Diamantis Diamantidis.
The price of the deal has not been revealed.
The vessel was detained by the court in January at the request of German bank Nord/LB, which demanded the ship’s owner, Brightoil Petroleum, pay off its debts under a ship mortgage agreement related to the vessel.
Brightoil has another three vessels detained by courts, Brightoil Grace, Brightoil Lion and Brightoil Gem.
The company founder Sit Kwong Lam has been forced to step down from his various roles at the company after a bankruptcy ruling against him in April.
Photo: Thomas Timlen