Four ships across multiple vessel classes were sold for demolition during the final week of March 2026, according to Ship & Bunker’s Week 13 scrapping report, published on April 6, 2026. The data, sourced from maritime intelligence platform VesselsValue.com, covers sales recorded between March 26 and April 1, 2026.
Vessels Sold for Demolition
The four confirmed demolition sales for the period are as follows:
- Ocean Rosemary – Handymax bulk carrier, built May 1996. Sold on March 30, 2026 by Shanghai Yongyao Shipping.
- Mali – Very Large Crude Carrier (VLCC), built November 2001. Sold on March 27, 2026 by Ceres Shipping.
- Jian Jie – Small tanker, built July 2005. Sold on March 27, 2026 by Swiftbright Shipping.
- Star Gate – Small handy vessel, built August 1991. Sold on March 27, 2026 by Century Shipping.
Three of the four sales were concluded on the same date, with vessels ranging in age from roughly 21 to 35 years old at the time of their demolition sale.
Why This Matters for Bunker Credit
As Ship & Bunker highlights in its weekly report, scrapping activity carries direct implications for bunker credit managers. A vessel sold for demolition shortly after a bunkering call can leave suppliers chasing invoices against an asset that no longer operates — a risk the publication describes as greater now than it has ever been.
VesselsValue.com, which supplies the underlying data for this weekly series, is described by Ship & Bunker as a maritime intelligence platform used by banks, investment funds, shipowners, lawyers, and brokers to assess vessel values and quantify risk.
Gulf Bunkering does not provide operational or security guidance. This article is for informational purposes only. Operators should consult flag state authorities, P&I clubs, and relevant advisories for decisions relating to transit planning.
Sources: Ship & Bunker, VesselsValue.com
