Scrapping rates rise to $535 per ldt for aged tankers
Two crude tankers have fetched record-high prices for scrappage in Bangladesh.
Demand from Bangladeshi ship scrapping-yards has hit a new high, with two aged tankers reportedly fetching $535 per ldt.
TradeWinds reports that despite a new wave of Covid infections in the Indian subcontinent, ship recycling remains vital and is presenting strong offers due to steady steel prices.
Indonesia’s Buana Lintas Lautan (BULL) sold the 110,000-dwt Bull Sulawesi for $536 per ldt or $8.93m and the UAE-based Muhit Maritime is reported to have sold the 81,400-dwt Alasfal for $535 per ldt, or $8.93m.
“The ever-growing demand for steel and lack of tonnage supply is pushing the prices to greater heights week on week,” wrote Best Oasis, a cash buyer of ships for demolition.
