Greece’s Prime Marine Management has sold an 18-year-old LR1 product tanker for demolition and is in advanced talks to offload another one.
The deals, which mark Prime Marine's first demolition sales in nearly nine years, are characteristic for an accelerating trend of Greeks scrapping crude and product carriers built after 2000.
Rising demolition prices have encouraged such deals, especially when they concern vessels nearing their special survey, as in the case of the 70,300-dwt tanker Walleye (built 2003), which Prime Marine sold in India for green recycling at $617 per ldt, according to ship-management sources in Athens.
