Winning Shipping is selling its oldest vessel in a rare scrap deal for such ships given the improving freight market.
The Singapore-based bulker owner has sent the 183,000-dwt Winning Brother (built 1995) for demolition in Bangladesh while shaping up for the delivery of two capesize newbuildings.
Shipbroking sources place the transaction at $445 to $447 per ldt, which would mean the sale is worth between $9.4m
