Ningbo Marine scraps elderly bulker

Chinese dry bulk operator Ningbo Marine has sold its 1988-built 64,900 dwt panamax bulker via auction. The South Korean-built vessel fetched a price of RMB35m ($5.42m) in the auction, slightly higher than VesselsValue’s valuation of $5.17m. The vessel will be sent to a scrap yard for recycling. VesselsValue data shows Ningbo Marine currently owns a …

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