Maritime Analysis
The Fate of M.t-Mit: From Arrival to Beached and Sold for Scrapping
By VesselRate AI Editor
Aug 07, 2026
M.t-Mit has undergone a rapid transformation in the past months, marking a significant turn in its operational life. First arriving at Chittagong Anchorage on January 23, 2025, the vessel was set against the backdrop of the bustling shipbreaking industry in Bangladesh. Just a week later, on January 30, 2025, M.t-Mit was beached, a clear indication that plans were being set into motion for its decommissioning. The timeline culminated with the vessel being sold to breakers for a substantial sum of $496.5 per ton, an astonishing figure that reflects the current market dynamics for scrapped vessels. This series of events spells the end of the road for M.t-Mit, highlighting the merciless life cycle of maritime vessels in an ever-evolving industry.
Based on these news reports:
- Ship Grounds at Chittagong Port on January 30, 2025 (2025-01-30)
- Vessel Reaches Chittagong Anchorage on January 25, 2023 (2025-01-23)
- Vessel Sold for Scrapping in Singapore at $496.5 per Ton (2024-11-18)