Greek owner Spring Marine has taken over the 2008-built 47,500 DWT MR tanker Freja Baltic from Japanese owner Fukujin Kisen.

Both Seasure Shipbroking and Advance Shipping & Trading report that the Onomichi-built vessel has been sold to Spring Marine for a price of $16m, significantly higher than VesselsValue’s valuation of $14.53m. The vessel is currently under a charter contract with Italian shipping company D’Amico until August 30, 2020.

Spring Marine owns a fleet of 11 vessels made up of four bulk carriers and seven tankers.