Shanghai Salvage is edging closer to winning what will be the biggest wreck removal contract this year — to dismantle the grounded containership Kea Trader from the Durand Reef in New Caledonia.
Sources familiar with the progress said Shanghai Salvage entered into detailed negotiations with owner Lomar Shipping and its protection-and-indemnity club Skuld.
Lomar declined to discuss the status of the tender.
