The last 23-year-old dry bulk giant has been scrapped

The last standard-sized Capesize vessel, more than 23 years old, has now been sold as scrap. But a young fleet and minor rate improvements mean that carriers' scrapping has reached a virtual standstill in the third quarter, reports Alphabulk.

This Capesize vessel is only used to illustrate the story. The K Line vessel has not been scrapped. | Photo: K Line

The last remaining Capesize vessel, more than 23 years old, has now left the dry bulk fleet.

This is evident after the carriers have been highly diligent in terms of sending end-of-life vessels to be scrapped, especially on the beaches in Bangladesh and Pakistan, during the first nine months of 2016.

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