A veritable flood of Capesizes scrapped this year
The number of scrapped dry bulk vessels is already at this point three times bigger than in the full year 2014, reports the world's largest scrap buyer, GMS. Low steel prices force scrap prices down.
BY JOHANNES HARTKOPF-MIKKELSEN
With 90 Capesize vessels sold as scrap this year, more than three times as many of the biggest dry bulk vessels have been recycled at this point in 2015 than in all of 2014 in which 25 Capesizes were scrapped.
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:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Scrapping yards in Alang are shutting down
For subscribers
Bulk asset values plummet again
For subscribers
.jpg)
China extends lucrative scrapping subsidies by 2 years
For subscribers
.jpg&w=384&q=75)