Amid an increase in the sale and purchase activities related to the tanker segment, Teekay Corporation has agreed to sell its last Very Large Crude Carrier (VLCC) for US$62m, according to data provided by VesselsValue.

Namely, the 2011-built Shoshone Spirit was sold to Greek Pantheon Tankers Management, a company which operates a fleet of 14 vessels ranging from LR2 tankers, VLCCs, Suezmaxes, to Aframaxes.

Featuring a length of 333 meters and a width of 60 meters, the 314,000dwt crude carrier was built by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME).

Following the sale of the crude carrier, Teekay Corporation will operate a total of 17 Aframax and Suezmax tankers, which together have a capacity of over 2 million dwt.

Teekay Corporation reported a widened loss for the first quarter of this year.