Sunday, March 9, 2014

Cabot - time running out

Reports have reached me that Cabot has been sold for scrap. Various brokerages are stating that the price was $316/LDT or about $3.4mn, and that the destination is likely to be Turkey.
There has been some sign of activity on the ship this week, with some lights on. It is likely that the ship will be sailing under its own power.
The ship arrived in Halifax for the last time February 3. See
Although it had been retired in the autumn, it was brought back into service on an interim basis when Oceanex Connaigra had to go for repairs.

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