Secondhand Prices Put a Damper on Tanker Demolitions -BIMCO

Home Community Industry News Secondhand Prices Put a Damper on Tanker Demolitions -BIMCO

  • This topic is empty.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • #4895
    Greensea Systems
    Keymaster

    The year 2021 has been tough on crude oil tanker freight rates across the board so far. Consequently, the industry buzz has been all about largescale scrapping of tankers, but so far, it has been all talk and very little walk, as the secondhand market has proved a much-preferred alternative, says industry group BIMCO.

    Although demolitions are up from the start of last year, only two shuttle tankers and two Aframax crude oil carriers (450,000 DWT) have been confirmed demolished in the first two months of 2021, according to data from Clarksons. This is down from the 1.1 million DWT of crude oil tanker capacity that left the market in December 2020.

    Read More

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.

Greensea Systems, Inc.

10 East Main Street :: PO Box 959 :: Richmond, VT 05477 :: USA
802.434.6080 :: info@greensea.com
www.greensea.com

Subscribe to our Briefing for News, Updates, and Product Enhancements

Subscribe to our Briefing for News, Updates, and Product Enhancements





    Holler Box