Sinokor Merchant Marine has secured one of the highest scrap prices in recent months for its oldest container ship.
Cash buyers and brokers report that Sinokor obtained $600 per ldt, or $4.18m, for the 1,512-teu Sawasdee Singapore (built 1995) from a ship recycling facility in Bangladesh.
However, Singapore-based Star Asia Shipbroking cautioned that the sale should not be taken as a new benchmark price for container tonnage, as there were some exceptional factors.
