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China Merchants Energy Shipping scraps elderly bulkerChina Merchants Energy Shipping scraps elderly bulker

China Merchants Energy Shipping (CMES) has sold one elderly dry bulk carrier as the Chinese shipowner continues to renew its fleet.

Lee Hong Liang, Asia Correspondent

July 7, 2014

1 Min Read
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The 73,630-dwt, 21 years old Pacific Prospect, built at Japan’s Oshima Shipbuilding in 1993, was sent to Dalian Shipbuilding Industry Company on 2 July for recycling.

The elderly bulker was sold for RMB19.74m ($3.18m), CMES said told the Shanghai Stock Exchange.

The Chinese tanker and bulker owner had announced in late-June that it plans to sell or scrap eight elderly dry bulk carriers over the next one year. The company is also clearing out its aging oil tankers, especially those that are 20 years old and above.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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