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Dry Bulk Ship Recycling Asia Pacific

Converted VLOCs will soon be a distant memory

Once Vale eliminates its COAs, then converted very large ore carriers will soon be a distant memory, according to shipping association BIMCO. It sees 20 such vessels actively trading in the fleet as of end-April, from 51 in 2017.

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The fleet exit will have a limited impact on the overall capesize market, which has seen tonnage grow more than demand to transport iron ore

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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