Iranian aframax and vintage bulkers consigned to shipbreaker’s torch
- The 25-year-old aframax tanker Arnica, sanctioned by Ofac since 2018, has been sold to Indian recyclers at Alang
- Several ageing China-owned bulk carriers have been sold for scrap over the past two weeks
India continues to be the main destination for so-called shadow fleet vessels, with authorities approving deals settled in local currency rather than US dollars
