The chemical tanker Stolt Valor, which caught fire in March 2012 and reported total loss, will be scrapped. The explosion and fire on board of the ship happened on 45 miles off the coast of Qatar and caused serious damages of the cargo tanks, hull and engineering on board. The fire was extinguished, but the ship was in terrible condition. The company owner of the vessel Stolt Nielsen together with the operator Arab Shipbuilding and Repair Yard Company announced that the repair costs of the chemical tanker will be much higher than its actual price, so the best option in front of them is to scrap the vessel. The chemical tanker was tugged to the port of Asry, where was inspected by experts of the company owner and shipyard, who concerned about the full repair of the ship.
The chemical tanker Stolt Valor (IMO: 9274290) was built in Shimanami Shipyard Imabari, Japan in 2004. The vessel has length of 150.00 m, beam of 25.00 m and summer draft of 10.50 m. The summer deadweight of the ship is 25,269 DWT and the gross tonnage is 15,732 GRT.