Three ships were sold for demolition during the week of May 7 to May 13, 2026, according to data published by Ship & Bunker, citing maritime intelligence provider VesselsValue.com. The sales span two vessel categories and highlight the continued attrition of aging tonnage from the global fleet.
This Week’s Demolition Sales
According to Ship & Bunker, the following vessels were confirmed as demolition sales during the reporting period:
- Gion Maru No 8 – Small Handy bulk carrier, built March 1992, sold by Ryuei Kisen YK on May 11, 2026
- Gas Crusader – SP FR LPG vessel, built October 1996, sold by Unifleet on May 9, 2026
- B Gas Commander – SP FR LPG vessel, built June 1996, sold by Bergshav AS on May 8, 2026
All three vessels were built in the 1990s, placing them well beyond the typical operational lifespan for their respective segments.
Why Scrapping Matters for Bunker Credit Risk
Ship & Bunker highlights the credit risk dimension of fleet scrapping, noting that the pace of demolition sales has increased. For bunker suppliers and credit managers, a vessel being sold for scrap after a recent bunkering transaction can mean chasing an invoice against a company that no longer operates the asset — and in some cases, one that has already wound down the relevant entity.
VesselsValue.com, the source of the demolition data, is described by Ship & Bunker as an online intelligence and information 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
