Bulker demolition has surged in recent years as the market has weakened. While scrapping volumes are still significantly lower than deliveries, the rise in recycling has nonetheless slowed fleet growth somewhat. Given that the average age at which ships are scrapped has also trended downwards in recent years, this increase in demolition has con-tributed to a change in the bulker
Bulker demolition has surged in recent years as the market has weakened. While scrapping volumes are still significantly lower than deliveries, the rise in recycling has nonetheless slowed fleet growth somewhat. Given that the average age at which ships are scrapped has also trended downwards in recent years, this increase in demolition has con-tributed to a change in the bulker
