Deutsche Bank: Bulk crisis will force carriers to scrap

The dry bulk industry is headed toward an even darker period, and the stage thus looks set for a significantly higher rate of ship scrapping in 2016 than last year, estimates Deutsche Bank in an analysis.

BY KATRINE GRØNVALD RAUN

It can be very briefly stated: A historical downturn requires a historical amount of scrapping. This is the assessment in a new analysis from Deutsche Bank's shipping analysts, who have taken stock of last year's shipbreaking rate and now looks ahead to this year's prospects.

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