Weekly Vessel Scrapping Report: 2016 Week 11

by VesselsValue.com
Thursday March 24, 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 March 17 – March 23, 2016

Sale Date         Sold Name     Vessel Type     Built Date        Seller    
23-03-2016     Ocean Fortune     HANDY BC     23-01-1986     Hengfa Shipping    
23-03-2016     Alpena     HANDYMAX BC     01-02-1998     Staff Centre Shipmanagement    
22-03-2016     Tamer Kiran     GENERAL CARGO     01-01-1983     Kiran Holdings AS    
22-03-2016     Gokay K     GENERAL CARGO     01-01-1987     Kiran Holdings AS    
22-03-2016     Corona Emblem     POST PANAMAX BC (Coal Carrier)     01-03-1998     K Line    
22-03-2016     Hyundai No 103     PCTC     01-01-1986     Rickmers Reederei KG    
22-03-2016     Samudrika 1     AHTS / AHT     01-02-1986     Oil and Natural Gas Company    
22-03-2016     Sea Lord     PANAMAX BC     12-01-1995     Athenian Ship Management    
22-03-2016     EM Ithaki     SUB PANAMAX CONT     01-03-1999     Euromar    
22-03-2016     Sea Success     HANDY BC     01-01-1998     Lihai International    
21-03-2016     Trident Navigator     PANAMAX BC     01-05-2000     Marine Managers Ltd    
21-03-2016     CSK Radiance     CAPESIZE     01-07-2001     TCC Group    
21-03-2016     Kampos     MR2 TNKR     01-01-1991     World Tankers    
21-03-2016     Restorer     HANDYMAX BC     20-08-1996     SNP Shipping Services    
21-03-2016     China Steel Developer     CAPESIZE     01-12-1998     China Steel Express    
21-03-2016     China Steel Investor     CAPESIZE     01-06-1997     China Steel Express    
21-03-2016     Xing Min Da     PANAMAX BC     01-03-1990     Hong Sheng Da Shipmanagement    
18-03-2016     Martha     CAPESIZE     23-09-1994     Johann MK Blumenthal GmbH    
17-03-2016     Tancred     PCTC     01-04-1987     Wilhelmsen Wilh    

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