Greek tanker player Altomare has sold its oldest VLCC for demolition, in a deal that shows there is still life left in the scrapping market.
London-based brokers report the 281,000-dwt Ruby IV (built 2000) was sold “as is” in Colombo, Sri Lanka, for $425 per ldt — a price that would fetch the Greek company nearly $16.4m.
The Ruby IV deal breathes some life into what has been a rather inactive demolition scene lately.
