Following a recent order for a pair of small tankers in China and the purchase of two MR1s from Rederi Ab Gotland, Parma-based shipping company Amoretti Armatori has just completed the sale of one of the older vessel in its fleet.

The 1997-built Rina Amoretti, after coming off time charter to the same oil major in Northern Europe for two decades, has been sold to Estonia’s NT Marine for around $4.5m. The vessel has been renamed, Rina.

Rina is the third small tanker bought by NT Marine from Italian owners.