'Aggressive' Cape Scrap Price Could Entice Owners to Head for Beach

Source:Splash
2017.02.13
1253

Capesize owners could be swayed to scrap more ships following the very firm US$345 per ldt Star Bulk achieved for the scrapping of its 2001-built Star Eleonora.

Now bound for a beach in India, the deal has made the ship's owner a very tidy US$8.26m. Clarkson Research described the price fetched for the vessel as "aggressive" in its latest weekly report. The research unit that belongs to the world's largest shipbroker suggested that the scrap deal may entice more owners to sell their older, larger bulkers instead of passing special survey, which seems to be the current trend.


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