Yang Ming Transport Corp appears to have sold one of its oldest 3,600-teu containerships for scrap.

    Brokers say the Taipei-listed shipping giant has torched the YM Europe (ex-Ming Europe, built 1992) in a transaction with cash buyers that purchased the unit “as is” in Colombo.

    At a rate of $481 per ldt, sources believe the owner will rake in close to $9m when the demolition deal is sealed.

(source:asiasis)