Wednesday 14 July 2010

Odfjell sells ship for recycling

Another sign of scrapping gaining more momentum whereby some chemical players start to scrap their chemical tankers early. Last week we have Stolt scrapped its 22 year old chemical tanker and not one but two, there is additional news today that Odfjell has sold another coated parcel tanker to Chinese recyclers.

The latest vessel to leave the fleet was the 45,655 dwt 'Bow Prima', dating from 1987.
As with the other recent sales, the vessel has a Green Passport and the buyers undertook that the recycling yard will submit a working plan corresponding to IMO guidelines for ship recycling.
The vessel was sold at a loss of $3.3 mill, Odfjell said.

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