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Tankers and Gas Ship Recycling Dry Bulk

Muted ship recycling market persists amid weak steel demand and currency pressures

  • Ship recycling activity remained subdued over the past week as strong freight markets and weak steel demand limited demolition candidates 
  • Notable sales included the aframax tanker Vigo to Bangladeshi recyclers following mechanical failure 
  • Medium range tanker Morality was sold to Indian buyers for $416 per ldt

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Despite a number of notable transactions overall tonnage availability remains thin

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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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