Weekly Vessel Scrapping Report: 2016 Week 42

by VesselsValue.com
Thursday October 27, 2016

As a credit manager, the last thing you want to discover when chasing an invoice is the vessel you bunkered 4 weeks ago has just been sold for scrap. And today, the risk of that happening is greater than its ever been. 

To help keep on top of the most recent changes in the world fleet, every week thanks to online maritime intelligence and information service VesselsValue.com, we tell you which vessels have been sold for demolition in the last week.

Demolition Sales October 20 – October 26, 2016

Sale Date             Sold Name         Vessel Type         Built Date            Seller        
26-10-2016         Morning Mercator         PCTC         05-07-1988         Hoegh Autoliners        
25-10-2016         Transocean Driller         SEMI SUB DRILL RIG         16-07-1991         Transocean Inc        
25-10-2016         Charleston         HANDY TANKER         01-01-1983         US Shipping Partners        
25-10-2016         Asia Cement No 2         SMALL HANDY BC         25-09-1987         U Ming Marine Transport        
24-10-2016         Nichiyuh Maru         VLGC         21-09-1989         JX Ocean        
21-10-2016         New Katerina         CAPESIZE         17-01-1997         New Shipping Ltd        
20-10-2016         The Guide         PANAMAX BULKER         12-09-1996         Holbud Ship Management        

About VesselsValue.com

VesselsValue.com is the online intelligence and information service used by the world's leading commercial and investment banks, private equity, investment and hedge funds, shipowners and operators, lawyers, accountants and brokers.

With our core of belief in speed, usability and convenience, we provide instant and unbiased values at the click of a button, helping existing and potential shipping investors better quantify risk, improve reporting and identify opportunity, saving time and money.

To contact the editor responsible for this story email us at editor@shipandbunker.com