Nasdaq-listed tanker shipping company Teekay Tankers has decided to exit the MR2 tanker sector as it inked an agreement to sell its final MR2 chemical tanker Hugli Spirit, showed data from VesselsValue.

The 46,900dwt vessel, which features a length of 183 meters and a width of 32 meters, was sold for US$13m to an undisclosed buyer.

According to VesselsValue data, the tanker has a market value of approximately US$14m.

Built in 2005 by South Korea's shipbuilder Hyundai Mipo, the tanker was a part of the company fleet of 47 vessels.

Following the completion of the sale, Teekay Tankers will operate a fleet consisted of Aframax, Suezmax, LR2 and LR3 tankers, which feature a total of over 5.8 million dwt.