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Indian aframax and ageing handysize bulker sold for scrap as recycling sales remain limited

  • Shipping Corporation of India has sold a 23-year-old aframax tanker to cash buyers
  • Hong-Kong based owner sells 1995-built bulk carrier to Indian ship recyclers
  • Cash buyer GMS says ‘constant geopolitical drama’ depriving recycling markets of all types of tonnage

Two vessels were reported as sold for scrap during the past week during a fallow period for ship recycling

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