The 47,200-dwt Rainbow Quest (built 1999) was purchased for $10m and has been put in the fleet of its tanker management company OceanGold Tankers.

The price is broadly in line with market expectations. Vessels­Value.com places a $10.27m price tag on the Onomichi-built vessel.

This is the Dragnis family’s first tanker addition in almost two years. OceanGold has been growing steadily since it was set up in 2007 and currently lists nine vessels on its website, mostly long-range (LR) and MR products tankers.