Back to today’s briefing

Story perspectives

China's Dia Yuan Sells Bulk Carrier for Scrap in Bangladesh

1/20/2025

28 3

Summary

Story summary

China's Dia Yuan International Shipping has sold the 70,300-dwt bulk carrier Rong Yuan, a vessel from 1997, for recycling in Bangladesh. This sale reflects a growing trend, as four other Chinese-controlled panamaxes have also been sold for scrap recently. Singapore's Wirana acquired the ship for $4.2 million, at $460 per ldt.

1 of 1

Story summary

China's Dia Yuan International Shipping has sold the 70,300-dwt bulk carrier Rong Yuan, a vessel from 1997, for recycling in Bangladesh. This sale reflects a growing trend, as four other Chinese-controlled panamaxes have also been sold for scrap recently. Singapore's Wirana acquired the ship for $4.2 million, at $460 per ldt.