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Scrapping down 14pc with tankers slow to meet their breaker
来源:shippingazette 编辑:编辑部 发布:2023/09/06 16:46:56
SHIP scrapping has fallen 14 per cent so far this year, according to data from Athens-based Xclusiv Shipbrokers, reports Hellenic Shipping News Worldwide.
"Despite the fact that the demolition market is at almost similar levels one year ago, with prices in India, Pakistan and Bangladesh being seven per cent, 10 per cent and two per cent down, while in Turkey being roughly 30 per cent up, we have witnessed a significant drop in the total demolition volume compared to previous years," said the Xclusiv Shipbrokers weekly newsletter.
The number of tankers, bulkers, box ships and gas vessels has gone down for scrap is 129 ships, almost 14 per cent down compared to the same period of 2022, the lowest number in five years.
Although bulk and container segments witnessed a big increase in number of vessels sold for recycling, the tanker market volume of scrap is at its lowest since at least 2018.
The increase in number of container and bulk carrier vessels that went for scrap is in line with the consideration of the freight rates reduction in both markets, which inevitably have pushed owners to scrap their older units.
"Despite the fact that the demolition market is at almost similar levels one year ago, with prices in India, Pakistan and Bangladesh being seven per cent, 10 per cent and two per cent down, while in Turkey being roughly 30 per cent up, we have witnessed a significant drop in the total demolition volume compared to previous years," said the Xclusiv Shipbrokers weekly newsletter.
The number of tankers, bulkers, box ships and gas vessels has gone down for scrap is 129 ships, almost 14 per cent down compared to the same period of 2022, the lowest number in five years.
Although bulk and container segments witnessed a big increase in number of vessels sold for recycling, the tanker market volume of scrap is at its lowest since at least 2018.
The increase in number of container and bulk carrier vessels that went for scrap is in line with the consideration of the freight rates reduction in both markets, which inevitably have pushed owners to scrap their older units.