Wed, 20 Mar 2024 22:00:58 +0000
Since 2018 shipowners generally have been reluctant to sell older or less economical ships to breakers’ yards. During the past five years average annual recycling totals in the world merchant ship fleet were the smallest since an exceptional freight market boom, with associated reduced scrapping, ended almost sixteen years ago in 2008. Further emphasising how …
Full article: https://www.hellenicshippingnews.com/shipowners-jettison-the-scrapping-option/