Wilson sells another vintage vessel

Wilson sells another vintage vessel

Wilson has sold the bulk carrier Wilson Rouen to an unspecified company in the Marshall Islands for $450,000, a figure that suggests it will be scrapped. The ship was built in 1976 and faced an imminent docking.

“The sale of MV Wilson Rouen will provide a small accounting loss when the ship is sold to slightly below book value,” the company said in a release.

Wilson’s fleet now stands at 116 ships of which 79 are owned and controlled by the company.

This is the sixth time in 12 months that Wilson has got rid of an elderly ship facing a drydocking.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts