Scrap chat around Zodiac bulker misplaced

The 1994-built Handan Steel has not been sold for demolition, market sources say.

Rumours linking Zodiac Maritime with the demolition sale of one of its older bulkers are untrue.

TradeWinds reported last week that the 264,000-dwt Handan Steel (built 1994) had been sent for scrap in a deal worth between $12.5m to $13m.

However, market sources say the ship is on time charter and continues to trade in the Zodiac fleet.

Zodiac bought the Handan Steel as the single-hull tanker Han Ei from NYK Line for $51m in August 2007 and converted it into a bulker.

Last year, the Eyal Ofer’s Zodiac sold seven large bulkers for recycling.

Zodiac has seven large bulkers built before 2000 in its fleet.

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