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Latest From Ship Recycling
The appetite for tanker and dry bulk forward freight agreements has risen significantly off the back of geopolitical uncertainty and the pandemic, while scrapping prices for tankers are tipped to rebound
While the world boxship fleet grew little in 2020, new orders in the final days of the year are unlikely to upset the supply and demand balance for now
More than 90 vessels in excess of 34,000 dwt are forecast for scrapping in 2021, compared with only 25 last year, shipbroker says
Petter Heier from Norway’s Grieg Shipping sees encouraging signs of greater focus on environmental protection and yard worker safety. He calls for recycling issues to be addressed in newbuilding designs
The car carrier market looks set to improve later this year after its nadir in the middle of 2020. Wallenius Wilhelmsen is bringing nine of 16 ships out of cold layup. But coronavirus continues to cloud the future, with a return to normal far from certain.
About 30 very large ore carriers were sold over the course of the year, with many of these ships having been converted from very large crude carriers and being phased out from the fleet due to safety reasons
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