Chile's Ultranav is reportedly sending its oldest semi-refrigerated gas carrier to the breakers as the ship's charterer does not extend its hire.
Markets sources say the owners's Ultragas subsidiary sent 15,000-cbm Andesgas (built 1991) for recycling to India.
This ship was reported sold for $455 per ldt or $3m. A new five percent import tax in Pakistan is understood to have dampened the market activity in that country.
