Kokura and Kawasaki container ships will beach in India’s Alang for at least a short while, an Alang representative told Davis Index on June 19. The ships were sold at $300-302/LDT and are said to presently be outside Malacca Strait.
Kokura and Kawasaki are owned by Greek shipping giant, Kostmayer, and were built in 1997. Their capacities are 34,000LDT each, and they are 318 metres long and 43 metres wide.
Indian shipbreaking scrap prices have moved north amid higher offers due to a shortage of scrap in the market. Trades have thinned as rolling mills shy away from new purchases. Fewer vessels were beached at Alang this week as shipbreakers slowed down their bidding for ships as they are expecting the vessel prices to drop in the near term.