Cido Shipping appears to have restarted scrapping its old ore carriers after it was stopped by the coronavirus three months ago.
European demolition brokers said the 277,000-dwt Pacific Garnet (built 1995) has been sold for demolition in Bangladesh for $292 per ldt, or $11.1m.
The price is about 26% lower than the $396 per ldt that the company achieved in early February in a sale of a similar ship, the 278,000-dwt Pacific Opal (built 1995).
