Dry cargo vessel recycling to stay muted as NYK offloads elderly post-panamax bulker
- Japan’s NYK has sold its 2001-built, geared, post-panamax bulk carrier Sage Sagittarius for recycling in Bangladesh
- The 105,700 dwt ship was the only vessel reported as sold for scrap in the past week
- According to Lloyd’s List Intelligence data more than 60 bulkers of a combined 3.8m dwt have been sold for scrap in 2025
In the broader recycling market, vessel supply remains thin amid strong freight rates, while cash buyer GMS reports falling demolition prices across the Indian subcontinent
