Idan Ofer’s Eastern Pacific Shipping is in the process of selling a large ore carrier for demolition, though the impact of the coronavirus on the recycling sector is leading to some doubts.
Talk of a potential deal comes coronavirus is now having a serious impact on the demolition market, with several deals cancelled and the status of others unclear.
Some demolition brokers said the Singapore shipowner's 290,000-dwt Shagang Giant (built 1993) has been committed for demolition in India for $370 per ldt, or a total of $14.6m.
