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Dry Bulk Tankers and Gas Offshore

Ship recycling activity improves but no mass scrapping expected yet

  • Vessel cash buyers and brokers report a pickup in sales of ships for recycling
  • With all sectors experiencing strong freight rates or charter earnings, no significant upturn in scrapping is expected
  • Recycling prices appear to have stabilised as steel markets have benefited from local currency gains against the US dollar

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Still no signs of a significant downturn in earnings that could trigger a return to mass recycling of ships

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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