End-of-life registries scrap one in six ships
Comoros, St Kitts & Nevis and Palau comprise 0.3% of world’s tonnage over 5,000 dwt but scrapped just over a fifth of all tonnage over the last decade, Lloyd’s List Intelligence data show
Data indicates that ownership of elderly tonnage most likely to use end-of-life registries are connected to owners outside Europe
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