Sponsored By

China Shipping Development scraps old tankerChina Shipping Development scraps old tanker

China Shipping Development Co (CSDC) has agreed to send its 21-year-old oil tanker to the scrapyard at a price of RMB20.47m ($3.35m).

Lee Hong Liang, Asia Correspondent

September 30, 2013

1 Min Read
Kalyakan - stock.adobe.com

Ming Chi, the 38,830 dwt tanker built in 1993, will be handed to a China-based demolition yard by 27 October, according to CSDC.

The Chinese oil tanker shipping firm said the aging tanker would require more than RMB10m in maintenance and upgrading costs if it were to carry on operating until 2014. The single-hull tanker is due to be phased out by January 2015.

Read more about:

ship recycling

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.

 

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like