The tycoon’s Ship Finance International secured $16m for the 149,834-dwt Front Glory (built 1995) last week.
“Not too long ago ships of this age would be destined for the breakers torch, and so this is a strong price when we consider where the demolition market is today, although with firm freight market conditions the rewards for buyers of ships of this vintage are clear to see,” said Clarksons Platou in its weekly report.
It
