A new wave of passengerships is hitting the recycling beach at Alang in India.
Unlike many sales in and 2020 and 2021, these vessels are being driven out of the market by old age rather than Covid-19.
In the first weeks of October, two hybrid passenger-cargo ships and three ropaxes arrived at Alang.
Passengerships traditionally sell at a discount to other types of commercial vessels that are easier and quicker to recycle, but two recent arrivals sold by the Andaman & Nicobar Administration have provided some clarity on pricing levels that Indian ship breakers are paying for passenger tonnage.
