Ship Scrapping To Set New Record
Ship scrapping appears set to hit record levels this year, according to shipbroker and services firm Clarksons. In its latest review of the demolition market, it says that after a slowing in the second half of 2015, ship scrapping “returned to a rapid pace” this year.
According to Clarksons, 457 vessels, with a combined deadweight of 25.8m tonnes, have been demolished this year as owners looked to “clean out” older tonnage. “The majority of this tonnage (262 ships) has been in the bulker sector, particularly in the larger sizes,” noted Clarksons, “while boxship scrapping has also been considerable, as earnings in these sectors continue to languish.”
According to the data of another London broker, Braemar ACM, 83 containerships, equating to 277,500 teu, have been sold for scrap in the year to date – 25 in the past 30 days alone, confirming the accelerating appetite for scrapping. https://gcaptain.com/ship-scrapping-to-set-new-record/
Ship scrapping appears set to hit record levels this year, according to shipbroker and services firm Clarksons. In its latest review of the demolition market, it says that after a slowing in the second half of 2015, ship scrapping “returned to a rapid pace” this year.
According to Clarksons, 457 vessels, with a combined deadweight of 25.8m tonnes, have been demolished this year as owners looked to “clean out” older tonnage. “The majority of this tonnage (262 ships) has been in the bulker sector, particularly in the larger sizes,” noted Clarksons, “while boxship scrapping has also been considerable, as earnings in these sectors continue to languish.”
According to the data of another London broker, Braemar ACM, 83 containerships, equating to 277,500 teu, have been sold for scrap in the year to date – 25 in the past 30 days alone, confirming the accelerating appetite for scrapping. https://gcaptain.com/ship-scrapping-to-set-new-record/