Cement News tagged under: Cemineral
Freight rates dampen scrapping trend05 October 2018, Published under Cement NewsBetter-than-expected dry bulk freight rates have done little to encourage shipowners to scrap their older vessels, despite warnings of ongoing market volatility due to a lack of scrapping activity. The Baltic Dry Index (BDI) hit 1773 points in the first week of August, compared to 1250 in the opening week of June, making owners increasingly reluctant to ditch their older tonnage. According to a report by Allied Shipbroking, only three dry bulk vessels were scrapped in the latter half of Aug... |
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