In May 2019, the company agreed to sell the 13,079 dwt Sichem Paris. The 2008-built vessel was renamed Masagana and delivered to its new owner in July. It was time-chartered back to the company for a period of two years.
Following the sale, the long-term debt of USD 3.4 million was repaid relating to the sale of the unit.
Additionally, Team Tankers agreed to sell the 44,999 dwt Tambourin and the 44,999 dwt Team Tarantella.
