The coronavirus crisis and environmental constraints have led to a steep increase in the number of pure car/truck carriers (PCTCs) being sold for demolition this year.
A TradeWinds analysis of data from VesselsValue shows 26 such ships were scrapped between early January and the end of October, a 117% increase from the same period last year.
That is the steepest demolition rate growth for any class of ship apart from cruiseships, which have been savagely hit by the Covid-19 pandemic.
