“We have already had over 25 sold so far this year and that is in two months so I think, potentially, we could hit 100 capesize vessels this year,” Clarksons demolition specialist Darren Lepper told delegates at the TradeWinds Ship Recycling Forum in Singapore.
Industry observers say the dry bulk sector needs to step up the pace of ship demolition this year if it wants to achieve a much-needed reduction in tonnage oversupply.
