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The last 23-year-old dry bulk giant has been scrapped

The last standard-sized Capesize vessel, more than 23 years old, has now been sold as scrap. But a young fleet and minor rate improvements mean that carriers' scrapping has reached a virtual standstill in the third quarter, reports Alphabulk.

This Capesize vessel is only used to illustrate the story. The K Line vessel has not been scrapped. Photo: K Line

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