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3rd April 2024, 19:10

Auction carried out in Gibraltar results in sale of 100,000 tonne tanker

Published by GBC News

An auction carried out in Gibraltar has resulted in the sale of a 100,000 tonne tanker after its ownership structure made it subject to US sanctions in Russia.

The 5 year-old vessel has been detained in Gibraltar since 2022, when Russia invaded Ukraine. The Aurviken was partly owned by a Norwegian company, and never traded in Russia but one of its ultimate shareholders was subject to sanctions.

After a two year lay-off in Gibraltar, it has finally been cleared for sale. According to Tradewinds News, the buyers are are reportedly from Greece.