Features
Weekly Vessel Scrapping Report: 2019 Week 39
by 
Thursday October 3, 2019
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 September 26 – October 3, 2019
| Sale Date | Sold Name | Vessel Type | Built Date | Seller |
| 01-10-2019 | Asia IPSA | HANDY CONTAINER | 24-10-2003 | IPSA Capital |
| 01-10-2019 | Valaris JU 42 | JACK UP DRILL RIG | 01-10-1983 | Valaris |
| 30-09-2019 | Sea Grace | SMALL TANKER | 30-05-1990 | Electra Maritime |
| 30-09-2019 | Akrotiri | HANDY TANKER | 15-09-1994 | World Tankers |
| 30-09-2019 | Zhong Gang Yong He | SMALL TANKER | 30-11-1994 | Nanjing Zhonggang Shipping |
| 27-09-2019 | Theresa Success | HANDY TANKER | 31-07-1996 | Raffles Shipping Group |
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Nov 25The firm has halted production as of November 25 due to a lack of prompt availability of commercially viable feedstock. -
Nov 26The company has hired Mike Parrent, formerly marketing manager for Bomin before its acquisition by Minerva Bunkering earlier this year, as its new physical desk manager in Houston. -
Nov 27The additions in this buying spree represent a total of 1.66 million TEU with an average age of 20 years. -
Nov 26A resumption of bunkering at South Africa's former largest bunkering location remains uncertain despite new rules coming into force this week, a local source tells Ship & Bunker. -
Nov 26The new hire previously worked as a bunker trader for IBT Bunkering & Trading in Hamburg. -
Nov 27The company plans to open the Turkish representative office in December and the Shanghai office in the first quarter of 2025. -
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Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel.