Singapore’s Pacific Carriers is reported to have sold a 25-year-old VLGC for a price far in excess of its estimated demolition value.
The NKK-built 78,000-cbm NS Challenger (ex-BW Challenger, built 1992) is understood to have been sold to an Indian buyer for between $10.5m and $11m.
The ship’s scrap value is $8.5m.
