Less than a week after it sold one of its oldest vessels, crude oil shipping company Gener8 Maritime managed to ink an agreement to sell another oldie for US$28m, show data released by VesselsValue.

The vessel in question is 2001-built Very Large Crude Carrier GenMar Victory, which was sold to Singapore-based Sentek Marine and Trading on July 25.

The tanker's market value stands at US$25.1m, according to the data.

VesselsValue added that the ship is to undergo conversion into a Floating, Storage and Offloading (FSO) vessel.

Built by South Korean Hyundai Heavy Industries, the vessel features 312,700 dwt, has a length of 333.5 meters and a width of 70 meters.