I have just researched the case and she is the second of the class to be scrapped, the India Rickmers / Hanjin Newport which was the first of 46 built by Jiangsu and slightly older went last November though maybe as par tof fallout from the Hanjin collapse. Other Chinese shipyards have built similar ships but only the Jiangsu ones being demolished. Th original contract price was around US$69 mn and Hammonia Grenada was fixed to CSAV for 5 years prob. around US$29000/day or US$9 mn per annum. After 5 years, on spot market she was fixed by COSCO for US$9250/day, then a longer term Maersk fix for prob. less. So maybe since entering service she has only achieved around US$48 mn in revenue though this may be questionable as CSAV who chartered her initially got into trouble and negotiated discounts from some shipowners. She finished with Maersk last November, and with her still swinging on the pick in Singapore early in Jan, and with the market now bleak for these old Panamax types, maybe the owners have decided to cut their losses. More to follow probably.
Cheers
Brent