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Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
China Shipping to Scrap Nearly Dozen Ships
China Shipping announced today they have sold the 1993-built, 35,000 deadweight product tanker Ming Chi to Digang Shipyard for a total consideration of approximately USD $3.3 million.
The 1994-built tanker will be dismantled upon delivery, which is scheduled no later than 27 October 2013.
China Shipping notes their plans to scrap 11 single hull tankers within the next two years, a plan which will remove approximately 485,000 deadweight tons of capacity from the market.
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