Grieg Star of Norway is believed to be getting a 76% lower price by scrapping an open-hatch bulker in Turkey instead of the Indian subcontinent.
Grieg said last month it was selling the 43,700-dwt Star Gran (built 1986) as the first vessel to be demolished in Europe under the European Union’s Ship Recycling Regulation (SRR).
The ship, which had been due for special survey in July, is being broken up at Leyal Ship Recycling Group.
