Chief executive Gregg McNelis tells TradeWinds a demolition deal involving the 37,500-dwt Shinnecock Belle (built 1985) was struck in December but says the unit didn’t change hands until 2013.
TBS’ top boss confirmed reports that the ship will be recycled in Karachi but declined to discuss pricing though observers note that similar vessels have fetched between $3 and $3.5m in today’s scrap market.
When
