Global ship recycling yards face quietest market in months
- Global ship recycling sales dropped to their lowest level in a year during May as strong freight markets continued to encourage shipowners to keep older vessels in service
- Most recycling activity involved niche sector vessels, with limited transactions recorded in the containership and dry cargo sectors
Notable sales included the 42,300 dwt forest products carrier Grouse Arrow, marking the third vessel scrapped from the G2 Ocean fleet this year
