Subscribe to RSS feed2009 demolitions smash through last year's levels
by
Obsidian
—
last modified
Feb 12, 2009 12:00 AM
As many as 66 dry bulk vessels totalling 2.5m dwt were sold for demolition in January, nearly half the level of ships scrapped during the whole of last year.
Around 124 bulk carriers totalling 5.3m dwt headed for the breakers' yards in India, Bangladesh and China last year.
Despite lower prices paid for demo tonnage, the plunge in dry bulk shipping rates has ensured an uninterrupted supply of over-age...
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