Goa’s Mormugao Port Trust (MPT) appears to have lost patience with the Bombay High Court’s attempts to sell the hulk of a cruiseship after three failed auctions.
What has probably deterred potential buyers is the requirement that they raise the partly submerged, 35,100-gt Qing (built 1982) at their own expense before towing it away.
Scrapping sources told TradeWinds that the potential high costs of a salvage operation would negate any chance of recyclers turning a profit on scrapping the ship.
