Analysts: 2012 is a phenomenal record year for scrapping

2012 is already a record high year for ship scrapping, writes the analysts at Intermodal, who expect the record to continue into 2013.

The amount of ships that have left the sea and gone to scrap is at a record high this year, and the high level will probably continue into 2013, according to the analysis bureau Intermodal.

“This year’s demolition statistical figures till end of October show that we are experiencing another superb and never before experienced record year. Even if we only “packed-in” this year’s 10 month data and presented them as annual figures, we would still be talking of a phenomenal year for the scrap industry. With yet another two months to go, this record number will likely be further increased,” writes the Intermodal analyst John N. Cotzias in the analysis.

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