APL and Vale buck demolition trend to send boxship and bulker for scrap

APL and Vale are sending ships to Alang despite a depressed scrap market.

Liner operator APL is continuing with its clear-out of what were previously post-panamax containerships with a deal to sell a second ship in the space of two months now having been concluded.

Sources close to the company told TradeWinds that the 5,100-teu APL Korea (built 1995) was due to arrive off Alang this week.