Carriers

High earnings in shipping have vessel scrapping on the decline

The currently fine financials within container, dry bulk and tanker have made shipping companies scrap far fewer older vessels this year, according to a report by VesselsValue on behalf of ShippingWatch.
Photo: DNV GL / Kommissionens inspektionsrapport
Photo: DNV GL / Kommissionens inspektionsrapport
by DAG HOLMSTAD

Scrapping of older, end-of-life ships has decreased markedly in the first half of the year compared to the same period last year, according to a report by VesselsValue on behalf of ShippingWatch.

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