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Undisclosed ship recyclers have reportedly paid $427 per ldt for the storage VLCC Merlion M. Photo: Capt Turboboss/MarineTraffic

Sentek Marine sends old VLCC for recycling as storage volumes decline

Vessel is latest of a handful of older VLCCs reportedly sold for demolition since start of 2021

14 January 2021 6:42 GMT Updated 14 January 2021 9:53 GMT

Singapore’s Sentek Marine & Trading has sold a storage VLCC for recycling two months after putting it on the secondhand sales market.

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