Maritime Intelligence
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The inflation monster, falling freight rates, and excess supply in the oil market have hit the shipbreaking sector. According to a report by MarineLink based on GMS data, scrap prices, which reached $600 at the beginning of 2024, are signaling alarm as they are projected to drop below the $400 mark by the end of 2025.
The inflation monster, falling freight rates, and excess supply in the oil market have hit the shipbreaking sector. According to a report by MarineLink based on GMS data, scrap prices, which reached $600 at the beginning of 2024, are signaling alarm as they are projected to drop below the $400 mark by the end of 2025.
