The sanctioning on Thursday of one of two dark fleet VLCCs awaiting beaching off Chattogram is likely to scupper a deal to sell it to a recycling facility, according to sources in Bangladesh.
The US Treasury Department’s sudden move against the 300,000-dwt crude carrier Itaugua (built 1997) and its last owner, Itaugua Services, is reportedly deterring ship-hungry recyclers. Many had hoped to capitalise on acquiring other dark fleet tankers at steep discounts but are now reconsidering.
