September 28, 2022

Shipping slump: Why a vessel worth $60m was sold as scrap

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By Jamie Robertson From BBC In January 2010, the container ship Hammonia Grenada was delivered from a Chinese yard to its new owners, reportedly priced at about $60m (about £37m at that time). Just seven years later – at the start of this year – it was sold for scrap. The price: an estimated $5.5m […]