Bermuda-based ship owner Ship Finance International has entered into an agreement to sell one of its Very Large Crude Carriers (VLCC) to China's Kunlun Shipping, showed data released by VesselsValue.

The vessel in question is the 1998-built Front Century, which was sold for US$18.7m.

Featuring 311,200 dwt, the vessel was built at South Korean shipyard Hyundai Heavy Industries.

The 334-meter-long carrier was part of the company's fleet of 17 tankers.

In May 2016, Ship Finance International sold another oldie for US$23.8m. The 1998-built Front Vanguard was purchased by Singapore-based CS Shipping.