Perfect storm brewing that could send flood of ships onto recycling beaches, says Dimitris Ayvatoglu

A top-tier Turkish ship recycler predicts a brewing perfect storm could result in a deluge of demolition-bound vessels.

Dimitris Ayvatoglu, Leyal Group’s head of business development, told the TradeWinds Ship Recycling Forum in Copenhagen on Tuesday that a trifecta of circumstances could improve the moribund sector that this year is forecast to recycle the lowest volume of tonnage in decades.