Buoyant scrap prices have been tipped to near $700 per ldt as older tankers continue to leave the fleet.
Amid scarce demolition tonnage, end-users are pushing up levels by $15 per ldt each week, sources have said.
Jakarta-listed Indonesian owner Buana Lintas Lautan (BULL) is reported to have sold the 106,000-dwt aframax Bull Papua (built 1999) for India subcontinent delivery at $650 per ldt, or $10m.
