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Scrapping of tanker vessels hits 39-month high

Tanker lines demolished tankers for nearly two million dwt in September when VLCCs in particular were sent for scrapping. The highest level in 39 months, writes Bimco.

Photo: Henry Nicholls/Reuters/Ritzau Scanpix

The demolition of tankers hits the highest level in 39 months.

1.9 million dwt of capacity has been removed from the crude oil tanker market in September, the highest level in 39 months or three years, writes shipping association Bimco according to Bloomberg News.

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