Myanmar's Continental Investment Holdings (CIH) has been making the most of high demolition prices by sending five containerships for scrapping in recent weeks. CIH had built up a fleet of secondhand boxships in the past four years but has now disposed of some of its oldest ships - all 1990s built and below 1,500 teu.
Burmese Owner Sends 5 for Scrapping
2017-04-13
2744人
Source:Splash
Most ViewsHOT
- Jinhui frees up capital with double leaseback deal
- MSC ramps up megamax expansion with $1.2bn shipbuilding deal in China
- Winning Shipping acquires a newcastlemax
- Caravel Group sheds Kamsarmax fleet
- Latsco in for Huangpu Wenchong boxship brace
- Formosa Plastics contracts product tanker newbuilds in China
- Seatrade books 2,800 teu newbuild series
- Ningbo Ocean Shipping ramps up fleet expansion
- Dynacom bolsters suezmax orderbook in China
- GasLog turns to China for next LNG carrier orders