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Dry Bulk Tankers and Gas Ship Recycling

Odfjell sells second chemical tanker for scrap amid patchy recycling market

  • Norwegian chemical tanker operator Odfjell sells 29-year-old Bow Cedar to Alang ship recyclers for a high price of $940 per ldt
  • In other sales, Greek shipowner sells 1991-built medium-range tanker for $470 per ldt
  • Despite some improvements in India and Pakistan, the ship recycling industry remains weak

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While there has been an uptick in ships being circulated for scrapping, the overall vessel recycling market continues to be marked by low supply and weak demand

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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