Millennium View, a company described as an affiliate of a Singapore-based private-equity fund, appears to have given up plans to dock the 24,500-gt cruiseship  Oasia (built 1973) in Yangon as a permanently moored floating hotel.

Widespread suggestions in the cruise sector this week indicate that the ship has been sold to cash buyers for onward delivery to Alang.

Ship tracking websites show that the vessel left its lay-up anchorage off Koh Samae San, in the Gulf of Thailand, last weekend, and is now anchored off the nearby Thai port of Sattahip, where the handover and final preparations for the voyage are taking place.

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