Handymax bulk carrier caught in long-running salvage dispute auctioned as scrap

Nearly three years after arriving in the Malaysian port of Penang to drop off a cargo of refractory panels, an old Handymax bulk carrier that caught fire during what was supposed to be a brief unloading stopover has been auctioned off as scrap metal.

The judicial sale of the 48,200-tonne bulk carrier Kmax Pro (built in 1997) ends a long-running dispute between the ship’s owner, Hong Kong-based Brave Worth Shipping, and Bumi Jaya Salvage and Engineering, the company that was hired to save him. .