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Containers Ship Recycling Dry Bulk

Global ship recycling activity dips again as shipowners cling on to vintage vessels

  • Global ship recycling activity declined further in February, with just 21 merchant vessels of 452,400 gt sold for demolition
  • Bulk carriers made up the bulk of activity, chiefly provided by 1990s-built vessels approaching special surveys
  • India led the recycling market, purchasing nine vessels including a sanctioned panamax tanker

  • Analysis

Rising bunker costs and geopolitical factors could push more ageing ships toward demolition, though the timing remains highly uncertain

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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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