South Korea’s Polaris Shipping has continued its sales of ore carriers for demolition, disposing of its last two vintage units.
It has sold the 298,000-dwt VLOCs Stellar Pioneer and Stellar Topaz (both built 1994) "as is" in Labuan for $430 per ldt, or $19.8m each.
Brokers claim GMS handled the deal. Polaris does not comment on commercial matters.
The company last year sold as many as 13 VLOCs for recycling.
