Subscribe to RSS feed1,000 ships set to be scrapped
by
Obsidian
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last modified
Feb 26, 2009 12:00 AM
The world's largest cash buyer of ships says more than 1,000 ships will be scrapped this year as record numbers of bulk carriers, containerships and car carriers flood breakers' yards.
The next two years will probably be the busiest period we've ever seen, GMS president Anil Sharma told delegates at a London ship recycling conference.
Additional business will go to China, Turkey and elsewhere in Europe, as new entrants...
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