Adam Polemis' New Shipping has led the way in a string of shipbreaking sales as confidence begins to build in the demolition market.
The company is reported to have sold two tankers in recycling sales. The 106,500-dwt New Naxos (built 1997) is sold "as is" in Khor Fakkan in the United Arab Emirates (UAE) for demolition in India, according to European shipbroking sources.
