Indian and Bangladeshi ship recyclers managed to score an eclectic mix of demolition candidates over the past week despite a tight supply of tonnage.
Prices remained stable but under pressure as bulk carriers dominated the reported recycling deals. Some more unusual candidates also made an appearance.
Once such vessel was the Royal Malaysian Navy’s auxiliary ship Bunga Mas Enam (built 1997), which was sold for green recycling under “strict” Hong Kong Convention-compliant terms in India on an “as is” basis in Port Klang for $320 per ldt.
