Jakarta-listed tanker owner Buana Lintas Lautan (BULL) is pruning its fleet of older, unwanted tonnage.
Sold to ship-recyclers in Bangladesh are a 20-year-old aframax tanker and a 42-year-old floating production, storage and offloading vessel.
The aframax, the 106,500-dwt Bull Kalimantan (built 2002), was beached at a ship-breaking facility at Chattogram on 23 December, TradeWinds has learned.
While pricing details for the deal remain unknown, online platform VesselsValue indicates that the tanker would have had a scrap value of around $9.6m when the ship was beached.
BULL acquired the vessel as Gener8 Daphne for $10.5m in early 2017. Tanker sources said it was mostly used in the Indonesian domestic trades.
Also said to be soon heading on its final voyage to Chattogram is BULL's 59,600-dwt FPSO vessel Brotojoyo (built 1980), which brokers said was sold for $615 per ldt, which equates to $7.4m.
The vessel is currently at the port of Batu Ampar being made ready for towing to Bangladesh.
As with the Bull Kalimantan deal, the sale of the ship took place in the last months of 2021, although details are only now emerging in the market.
The long career of the elderly vessel includes operating for 25 years as a conventional tanker for Japanese, Canadian and Greek companies before it was sold to Berlian Laju Tanker (BLT) and converted into an FPSO in Singapore during 2005.
The Brotojoyo was one of several Indonesian-flag vessel assets, mostly tankers, that were transferred to BULL when it was spun off from BLT in 2011.
BULL was approached for comment on the recycling deals.
