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).
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 recyclingAbout the Author
Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community
You May Also Like