One million dwt of tankers being sold for demolition in 2003 despite the strong market

INTERTANKO has recorded 13 tankers of one million deadweight tonnes sold for recycling the first three weeks of 2003, including one VLCC, one Suezmax, three Aframaxes, three Panamaxes and 5 tankers 20-36,000 dwt. The average building year of the tankers sold was 1976, ranging from 1973 to 1980. One of the sales involved the Aframax tanker Tasman Sea, which suffered a collision outside China last year.