Several tankers have been sold for demolition with both medium range and larger products tankers leaving the global fleet.
Sinokor Merchant Marine has reportedly sold a long-range-two (LR2) products tanker and is said by market sources to be poised to scrap a second.
European demolition brokers say the 109,000-dwt Pacific Cape (built 2000) has been sold with optional delivery for $415 per ldt or $8.1m.
