Hell SOS I notice lots of the vessels you post are scrapped the year after they change owner.
Are they bought for scrap value?
johnmc
Most British companies would dispose of vessels after 20 / 25 years service. Some are sold for further trading to non British flag countries, others are sold directly for scrap, it really depends on a few things at the time. The going rate for scrap at a particular time, does have a bearing. For example, in one of my previous posts the 3 Royal Mail ships, Amazon, Aragon and Arlanza (which were converted to car carriers) were sold en bloc for 700,000 US Dollars, which was just above their combined scrap value. Had they not have been bought for conversion, they would have been scrapped. For a passenger vessel more stringent 'surveys' take place the older the ship is and it may not be economical to continue running them. During the oil crisis of 1973 when the price of crude oil tripled overnight, several large passenger 'steam ships' went straight to the scrapyard, due to the high cost of fuel. Diesel ships faired a little better as they were more economical to run, but generally slower than steamers. At the end of the day it is really just a question of economics.