The company will receive a high rate of $493 per ldt, or$6.5m from Indian breakers for the 20,700-dwt Eurocargo Africa (built1981), market sources say.
Subsidiary Malta Motorways of the Sea now operates just twovessels after binning sistership Eurocargo Europa in November for the muchlower fee of $5.8m.
Grimaldi ordered three 29,000-dwt conros from South Korea’sHyundai Mipo Dockyard (HMD) last year to replace the ageing duo, as well as the25,450-dwt Repubblica di Amalfi (built 1989) which has already been demolished.
The
