Cyprus’ SMT Shipping is recycling one of several elderly open-hatch self-unloading bulkers that it operates for Dutch aggregates trader Bontrup.
The 42,500-dwt Bontrup Emirates (built 1986) has been sold to cash buyers for onward sale to a facility certified under the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, according to the latest market reports.
