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You are here: Home → Archive → 2010 → January → Weekly Edition 28th January 2010 → Downturn leads to upsurge for China demolition yards

Downturn leads to upsurge for China demolition yards

by Hui Ching-hoo — last modified Jan 29, 2010 12:40 PM

Record numbers of ships scrapped set to continue with China’s largest shipping lines outlining long-term plans to scale down carrying capacity, reports Hui Ching-hoo

EXCESSIVE tonnage in the global shipping market has revived ship recycling activities in China after the global downturn pushed the volume of vessels scrapped in the country to an all-time high last year.
The resurgence in ship demolition is expected...

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