ShippingWatch

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.

Photo: Ajit Solanki/AP/Ritzau Scanpix

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