Should the vessel be sold on the second hand market, or should she be sold for demolition?
Order Description
The scenario

Liverpool Line a company who have been in existence for over 200 years. Liverpool Line has a diverse fleet of vessels in their portfolio. They operate gas and product
tankers of various sizes as The Liverpool Tanker Co. They also own four car carriers, all on long term charter and six 8,000 TEU container ships, again all chartered
to liner companies.
The company owns a fourteen year old MR (Medium Range) 35,000 DWT product tanker, the “Princess Elli”.
Your boss in Liverpool Line has asked to produce a report for her on what the company’s strategy should be for the “Princess Elli” given the current and projected
market conditions for MR product tankers.
your question is:
Should the vessel be sold on the second hand market, or should she be sold for demolition?