Shipowners snookered by weak rates are well placed to continue demolition efforts, Clarksons says.
The world’s largest shipbroker counts 206.6m gross tons sent for scrap since the beginning of 2009 – but over 5% of the world fleet is in the demolition zone based on present dynamics, it calculates.
In a report, Trevor Crowe explains 8% of capesize bulkers and 6% of the panamax fleet are above the present average scrapping age in the sectors.
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