Freight rates dampen scrapping trend
Better-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
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Freight: 30m dwt of scrapping needed
With newbuilds arriving faster than owners are able to scrap their old carriers, the growing oversupply in the dry bulk shipping market is clear. Higher levels of ship scrapping...