MSC Mediterranean Shipping’s pruning of older tonnage from its fleet is providing Hong Kong Convention (HKC) compliant ship recyclers on the Indian subcontinent with some relief in a market that continues to see few ships being sold for scrap.
Both Wirana Shipping Corp and Star Asia Shipbroking have said in their latest market reports that Piraeus-based Niki Shipping has sold the 2,073-teu MSC Nicole (built 1989) for strict HKC-compliant recycling at Alang for $521 per ldt, or $7.27m.
