According to Compass Maritime the 300,000-dwt Varada Blessing (built 1993) is headed to Pakistan on the heels of a demolition deal in which it fetched $494 per ldt.
Provided the US brokerage’s weekly industry assessment is on point the rate paid to pick up the unit implies that the seller will walk away with $18.9m.
As we reported many believed that the Varada Blessing was earmarked for demolition when it was sold at an auction in Hong Kong just a few weeks back.
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