Staff Correspondent:

MJL Bangladesh PLC has decided to sell its secondhand oil tanker for $22.70 million, the company said in a disclosure on the website of the Dhaka Stock Exchange on Thursday.

The 20-year-old Aframax oil tanker, MT Omera Legacy, has a capacity of 107,091 tonnes, according to the disclosure.

The company will give a 3 percent commission to the brokers, said a senior official of MJL.

The development comes after MJL’s board, in December, decided to purchase the secondhand Aframax oil tanker, MT Nissos Delos, for $45.3 million.

With a carrying capacity of 115,690 tonnes, the 12-year-old vessel will take the place of MT Omera Legacy.

MJL, a joint venture between East Coast Group’s EC Securities and state-owned Jamuna Oil Company, has been marketing lubricant blending in Bangladesh since its inception in 1998.

MJL gained 0.32 percent to Tk 95.1 at the DSE as of 12:14 pm.