Tanker scrapping on the rise as carriers await rally
636 ships were sold for scrapping in 2021, an increase of 15 percent compared to the year before, reveal figures by VesselsValue. Tanker operators spearheaded demolitions.
by DAG HOLMSTAD
The strained tanker market is probably one of the factors explaining why tanker carriers cleaned up their fleets and sold more than two and a half times as many tankers for scrapping compared to the previous year, reveal data on 2021’s shipbreaking provided by VesselsValue on behalf of ShippingWatch.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
![”Simply put, there is too much value at stake by consolidating operations in global supply chains […] to let these stay fragmented,” CEO of Flexport Dave Clark comments. | Foto: Lindsey Wasson/Reuters/Ritzau Scanpix](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/15443496/e5kdk4/ALTERNATES/schema-4_3/Clark.jpg)
.jpg&w=384&q=75)
