The weak tanker market has accelerated scrapping activity, with at least four VLCCs sold for demolition this week, three of them Iranian controlled.
National Iranian Tanker Co (NITC) has sold the 298,000-dwt Nadin and Nona (both built 1996). The Nadin was sold "as is" in Singapore for $382 per ldt, or $15.9m, and the Nona "as is" in Khor Fakkan for $390 per ldt, or $16.3m.
