JAPAN LINE SELLING TANKERS AND BULKERS
Major tanker operator, Japan Line Ltd
<JLIT.T>, is selling 20 VLCCs and several bulk carriers for
scrap or further trading, industry sources said.
    The tanker disposals include Japan Orchid (231,722 dwt),
Japan Lupinus (233,641 dwt), Sovereign (233,313 dwt), Rosebay
(274,531 dwt), Saffron (268,038 dwt) and Cattleya (267,807
dwt), all of which have been reported on the London sale and
purchase market, they said, but refused to give further
details.
    Japan Line officials declined to comment.
 REUTER
