Singapore-based Eastern Pacific Shipping has finally found a yard to demolish one of its ageing converted VLOCs in line with its corporate safety and environmental standards.
TradeWinds earlier reported how the sale of the 290,000-dwt Shagang Giant (built 1993) to the Shree Ram yard in India fell through last month because of the lockdown announced in the country.
The collapse of the deal put Eastern Pacific in dispute with the cash buyer of the vessel, NKD Maritime, which works closely with Shree Ram.
