Norway’s Stolt Tankers is selling its explosion-ravaged chemical tanker Stolt Groenland for scrap in South Korea.

The Stolt-Nielsen company said in a statement that the cost of repairing the 43,500-dwt vessel (built 2009) outstrips its value.

The Stolt Groenland was hit by a huge blast and subsequent fire in Ulsan, South Korea, in September 2019.

The ship has remained there ever since.

Brokers had reported a demolition deal for the ship had been concluded with a cash buyer, but with no details of price or a destination.