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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

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