Chemical tanker operator Team Tankers has sold its 2003-built 44,999 dwt MR tanker Team Tapatio, the company revealed in its first quarter report.
The vessel was previously owned by Laurin Maritime, and became part of the fleet when Team Tankers acquired Laurin Maritime last year.
Team Tankers sold the vessel for $12.5m last month, to unnamed party, and the vessel is expected to be delivered to the new owner in May. The new owner will time charter the vessel back to Team Tankers for a period of three years.
Team Tankers reported a net loss of $7.9m in the first quarter, compared with a net loss of $36.4m in the fourth quarter of 2018.
“We have completed the integration of Laurin with Team Tankers and from April all MR’s are technically managed in-house. We profited from the uptick in the first quarter and have positive expectations for the latter part of this year and 2020,” said Hans Feringa, CEO of Team Tankers.