More old multipurpise vessels are set to be scrapped
As rates for multipurpose vessels have fallen by 39 percent since July 2022, owners send more old ships for scrapping, according to Drewry.
Declining rates for the multipurpose fleet since 2022 are now also causing more owners to send the most elderly part of the fleet for scrapping, Drewry writes in an analysis of the market for multipurpose vessels (MPVs).
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Special cargo rates tread water at solid level
For subscribers
