Product tanker scrapping has risen to the highest level in over half a decade at the same time as the delivery of newbuildings has slumped to the lowest seen since 2012.
Data from Scorpio Tankers shows 35 product vessels going to the breakers this year.
This matches the figure seen in 2012 and is only marginally below the 42 record in 2010, the world’s largest product tanker owner says.
