The head of Bahamas Paradise Cruise Line is denying data suggesting that one of his two ships is heading for scrap.

The 1,908-berth Grand Celebration (built 1987) is moored at Bahamas' Port of Freeport but destined "as is" for a scrapyard in India, according to VesselsValue and US shipbrokers.

The former Carnival Cruise Line asset's market and demolition values have been the same since 19 July after the former plummeted in June to $5.4m from $49.5m.

Both valuations have since then improved modestly to $7.67m