Bangladeshi ship breaker PHP Family confirms it will demolish the Vale VLOC the 233,000-dwt Ore Vitoria (built 1989).
The sale to PHP could be significant as it is the first major demolition sale to the Bangladeshi yard since it was given a statement of compliance with the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships by Italian classification society RINA.
The Vale Vittoria is also understood to have a so called green passport demonstrating that it is also compliant with the Hong Kong Convention.
A price of $440 per ldt for delivery at Chittagong has been quoted for the sale indicating the yard won a discount for green recycling.
