Wilson offloads ageing bulker involved in Kiel Canal accident

Wilson offloads ageing bulker involved in Kiel Canal accident

Norway’s Wilson has announced the sale of 1980-built bulk carrier Wilson Tyne for $830k, with the vessel set to be scrapped.

The 7,106 dwt ship was involved in an accident late October, hitting a lock wall in the Kiel Canal in Germany due to a strong gust of wind. While the vessel was sent for repairs, it was due for imminent docking and Wilson decided it did not make financial sense to keep the ship.

The sale of Wilson Tyne will provide an accounting profit to Wilson as the sale value is slightly above book value.

The sale leaves Wilson with a fleet of 118 vessels, 80 of which are owned by the company.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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