The departure of the 306,500-dwt Shinyo Splendor (built 1993) has prompted questions about the vessel’s future and reignited the debate over age.
Market sources say it probably became a challenge to trade the unit in today’s market and some believe it is a strong candidate for scrapping.
They note that many charterers have implemented age restrictions and are becoming increasingly accustomed to fixing tonnage that is less than 15-years-old.
“They
