Scrap buyer warns of potential "deluge" of decommissioned ships

There are signs that shipping companies will wait until the last possible moment to scrap their old, unprofitable ships once the new sulfur cap takes effect. This could prompt a flood wave of old vessels being sent to scrapyards, projects GMS.

by NIKLAS KRIGSLUND

The world's largest buyer of end-of-life ships, GMS, warns that a deluge of old ships could be headed for South Asian beaches.

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Up to 500 supply vessels ought to be scrapped
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