LAST RITES OF PASSAGE
FIFTEEN months ago, the shipping industry could not have predicted the dramatic rise in demand for ship recycling that was just around the corner. Even in February when Anil Sharma, the president of leading cash buyer GMS, predicted 1,000 ships would be scrapped in 2009, many people thought it was a radical estimate.
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792