Scrappers are circling two cruiseships last owned by failed Portuguese cruise company Portuscale Cruises.

Lisbon-based Bank Montepio appears to have given up finding trading buyers for two of the oldest cruiseships afloat.

Scrap industry sources told TradeWinds this week that inspections are being invited for the 9,600-gt Funchal (built 1961) and 5,900-gt Porto (built 1965).

Bank Montepio has been in control of the two ships since Portuscale ceased operations in early 2015.