PDZ Holdings has reportedly sold for scrap an elderly feeder container vessel arrested earlier this year over unpaid bunker bills.
The Kuala Lumpur-listed company is said to have sold the 700-teu PDZ Mewah (built 1993) for $325 per ldt “as is” Singapore, according to cash buyer GMS.
Based on the reported demo rate the Malaysian intra-Asian liner operator should receive just over $1.7m
