A fire-hit Indonesian aframax tanker has been sold for scrap in Bangladesh as the shiprecycling market continues to recover, multiple market sources reported.

Waruna Nusa Sentana concluded the sale of 105,000-dwt Jag Leela (built 1999) at $4.2m, equivalent to $278.5 per ldt, on an “as-is” basis, the sources said.

TradeWinds has approached the Indonesian firm for comment.

GMS, a cash buyer of ships for demolition, described the price tag as “firm” as the vessel lost significant steel in the casualty.