Three shipowners have reportedly committed VLCCs into demolition sales as tanker deals continue to propel the demolition market.
The transactions said to be carried out by Sinokor Merchant Marine, Polembros Shipping, and Ridgebury tankers come in a week in which GMS reported that sales of the large tankers reached 30 for the year.
"Following the official reopening of the Pakistani market for tankers, the offloading of the plethora of unsold tanker/VLCC tonnage continued at pace this week, as interested Pakistani Buyers eagerly filled their plots," said the cash buyer of ships for demolition in a report to clients.
