Read Authentic Ratings for the Puteri-Mutiara-Satu

In a recent transaction, a vessel has been sold to breakers in Malaysia for a sum of $11 million. The ship was sold 'as is', signifying that the buyer acquired it in its current condition, without any warranties or guarantees regarding its state. This sale marks a significant event in the maritime industry as vessels are often either repurposed or dismantled for scrap. The deal highlights the ongoing activity in the shipbreaking sector, especially in regions like Southeast Asia, where aging marine assets frequently find their way to yards for decommissioning.