BIMCO: Ship recycling sinks to 20-year low

The recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years, BIMCO’s Filipe Gouveia has claimed. The decline reflects strong demand, following a series of market shocks, while low orderbooks have kept older ships operating for longer than usual.

Demolition data

The recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years, BIMCO’s Filipe Gouveia has claimed. The decline reflects strong demand, following a series of market shocks, while low orderbooks have kept older ships operating for longer than usual.

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