More large tanker scrappings ahead, says VesselsValue
As the summer monsoon ends and ship scrapping season gets back into high gear, the number of large crude tankers that may be sent for recycling could rise significantly, according to VesselsValue. This in turn could lead to higher rates in the months ahead
The number of vessels with S&P value equal to scrap value is starting to rise again, suggesting more may be recycled soon
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