The week in charts: Sky-high scrapping rates | Buoyant bulker FFA volumes | Relentless box charge
The Lloyd’s List weekly showing of the data and figures behind our coverage of the major shipping markets and analysis
High steel plate prices on the Indian subcontinent have driven ship recycling rates to their highest level in more than a decade, with boxships gaining premiums nearly double in value than at this time last year. Dry Bulk FFA volumes have also hit their own respective highs, while the latest box volume data shows that the strong demand sentiment was continued through May