The 4,280-dwt bunker tanker will be delivered to a St. Vincent and the Grenadines operator on 22 August, Yuijn announced to the London Stock Exchange.
“Proceeds of the sale will be used to partly repay an existing bank loan and for working capital purposes,” the company said.
In April, Yujin had sold two single-hull bunker tankers for a gain of $3.6m.
The latest sale leaves Yujin with one remaining bunker tanker currently on time charter and two small tankers also on time charter.
Yujin, owner and chartered of small tankers operating in Asia-Pacific, had announced in April an intention to delist from the London stock market due to a lack of trading liquidity, share price under-valuation and the high cost of maintaining a listing.
However, it aborted the delisting plan within two weeks of its intention after it was approached by an unnamed potential investor seeking to maintain the listing.
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