[TradeWinds/May 14, 2024] Has starting gun been fired on older ship sales as another small-scale steamer floated for demolition offers?

South Korean shipowner SK Shipping has sold one of its early generation of steam turbine-driven LNG carriers for demolition in what looks to be the first ship recycling sale of 2024 for this sector as another small-scale ship emerges for offers.

Brokers said the 127,125-cbm Moss-type LNG carrier YK Sovereign (built 1994) has been sold for scrap at a lump sum price of $18.7m.

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