The world’s second largest box carrier Mediterranean Shipping Company (MSC) is ‘dead serious’ with its scrapping drive, market sources told Ocean Intelligence, in a week that saw at least 11 vessels sold to Asian bidders including a TMT ship.

Two weeks ago the MSC Pioneer was sold for scrap, followed by the MSC Leader last week.

Indian yards will be breaking apart the MSC-operated 1978-built 20,832
dwt fully cellular MSC Leader which has capacity for close to 1,500
TEUs.

Indian breakers also secured the multi-purpose general cargo vessel
(MPP) BSLE Express, the ro-ro cargo ship Ducky Splendid and the
1984-built 52,450 dwt dry bulk carrier St. Luke.

The 1981-built 15,922 dwt Ducky Splendid was owned and operated by another leading ship operator, Taiwan’s TMT.

Neighbouring Bangladeshi yards scored the second single-hulled VLCC to
be scrapped this year – the 1989-built 276,210 dwt Lysaker, owned by
Singapore’s World Tankers and ran by Norwegian company Polyar Tankers.

A market specialist however told Ocean Intelligence on Monday that “is
an extremely slow pace of recycling for single-hulled VLCCs so far this
year”, as 2010 is the year that most in the industry expect a
substantial number of single-hulled VLCC to be scrapped.

Another tanker the NS Shekhon was also sold to be broken in Bangladesh,
but in a strictly private and confidential deal for which no details
are presently available yet.

Two very large ro-ro vessels otherwise known as pure car carriers (PCC) were also secured by Bangladeshi breakers last week.

The 1978-built 13,833 dwt Sea Ahmed and 1987-built 18,845 dwt Sea Atef
were PCCs owned and operated by Lebanese group Abou Merhi Lines.

Pakistani scrap yards meanwhile, managed to score the 1978-built 18,530
dwt general cargo ship Novanoor, which was controlled by the UAE’s
Petrohindas Fuel Trading.

Finally, despite the year of the tiger roaring in fast for mainland
Chinese breakers, two deals were still concluded last week involving
the 1970-built 11,781 dwt reefer ship fish carrier Finskiy Zaliv,
owned and operated by Russia’s Trans Wind, and the 1977-built Chinese
state-owned 27,494 dwt dry bulk carrier Lucky Safe.

Source: Portworld

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• MSC messages more

    Box ships run by the world’s second largest box carrier Mediterranean Shipping Company (MSC) continue being sold for scrap, with the latest deal involving the MSC Pioneer concluded last week, market sources told Ocean Intelligence. Aside from that deal, at least three other vessels were sold for scrap last week

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