Norway's Knutsen Group has sold the 35,000-dwt Betty Knutsen (built 1999) for green demolition to Turkey, where the price being offered is less than half of what yards in the Indian subcontinent are quoting.
Knutsen director Oystein Emberland confirmed to TradeWinds the deal for a vessel that had been previously deployed in the company's contract of affreightment programme.
European and Scandinavian shipowners are required by law to dispose of their vessels at approved green recycling yards.
