As suffering owners continue to monitor tanker scrapping levels, one shipbroker has calculated the likely impact if the illicit trade in Iranian oil is halted.
Ship recycling is seen as key to relieving pressure on an over-tonnaged market.
Paris-based Barry Rogliano Salles (BRS) said that “considering the avalanche of deliveries, the importance of scrapping cannot be overstated as a method of halting the growth in tonnage lists worldwide”.
