Pamban Ltd, a Marshall Islands-registered company that owns two elderly suezmax tankers managed out of India, has become the latest owner to recycle a tanker that has been absent from the mainstream market for several years.
Scrap brokers report that Pamban has sold the 157,500-dwt crude carrier Jal Gamini (built 2000) to cash buyers for $541 per ldt, or $12.2m,
