A 2004-built, Jamaica-flagged LR1 tanker tied to high-risk trading patterns has been reported sold for recycling, according to market sources.
The 72,700 dwt unit, named Diana, which was sanctioned by the US Treasury’s OFAC in December, has now been tracked as anchored in the demolition zone at Alang s, with no price attached to the deal.
Under classification, Equasis shows that the vessel was removed from the Indian Register of Shipping earlier this month at the owner’s request. Its vessel history indicates frequent name changes over the years, including Ecostar, Yolanda, Diamond, and Dolphin.
The sale comes as recycling activity across the Indian sub-continent remains muted, with sentiment weighed down by a steady stream of discounted shadow-fleet tonnage.
Over the past year, vessels linked to US, EU, UK and UN sanctions regimes have been sold for demolition at selected yards in the Alang recycling cluster in India.
These transactions often involve changes in identity, layered ownership structures, and intermediary entities, raising questions about whether sanctioned assets are being dismantled before legal or regulatory processes can effectively engage.
The matter has already attracted international legal attention, including actions relating to the tanker Sunflower (formerly Nolan), in which claimants have argued that scrapping may constitute a prohibited dealing under applicable sanctions frameworks.
