Berge Bulk in first VLOC recycling sale since 2021
- Berge Bulk has sold a 1996-built very large ore carrier for recycling
- First VLOC sold for scrap since November 2021
- Relatively strong freight markets and high vessel values have precluded shipowner recycling
Berge Bulk’s 268,000 dwt Berge Fuji has been sold for Indian sub-continent recycling for circa $16.5m