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Product tanker scrapping has already reached levels of 2019 and 2020

In the first four months of 2021, product tanker carriers have already sent as much tonnage for scrapping as during 2019 and 2020. If the trend continues, an 11-year-old record stands to be outdone, says Bimco.

Photo: PR / Norden

In just four months, product tanker carriers have already reached the total level of ships being sent for scrapping last year.

A low market has so far caused carriers to take 38 product tankers out of the merchant fleet this year, writes Bimco in an update.

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