The 4,070-lane-metre Saudi Hofuf (built1983) has gone for scrap for a price of SAR 28.3 ($7.54m).

This means a profit of SAR 17.57m for theowner in the third quarter accounts.

Bahri is taking delivery of a series of sixnew vessels from Hyundai Mipo and has sold its old ships as these arrive,including two earlier this year.

The 4,070-lane-metre Saudi Tabuk (built1983) will be disposed of as another new ship is delivered before the end of thisyear.