Indonesia’s Trada Alam Minera continues to shrink its fleet by scrapping an LR1 product tanker that was used for storage.
The 64,300-dwt Pelita Bangsa (built 1986) has been sold for $340 per ldt, or $4.27m, on an as-is basis in Indonesia.
Cash-buying sources suggested that the ship is heading to a recycling yard in Chittagong, Bangladesh, under tow. That explains the slightly low price.
