Bimco: Even more dry bulkers will be scrapped in 2016
The scrapping of dry bulk vessels gained momentum in 2015 in a year when the average age of ships sent to scrapping declined drastically in a historically weak market, notes Bimco. The big Capesize vessels in particular are being scrapped at a younger age.
BY DANIEL LOGAN BERG-MUNCH
2015 came and went as a historically weak year for the global dry bulk market, and the prospects for 2016 do not look much better for the suffering dry bulk players who across the board are watching their liquidity crumble and stocks plummet in the light of disappearing demand and a huge overcapacity of ships.
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