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Latest From Ship Recycling
The received wisdom that age restrictions should be placed on tankers to help generate environmental benefits has been questioned by a dissenting voice at Stena Bulk, whose chief executive argues that the shipping industry could cut its global emissions footprint by increasing the lifespan of vessels
Scrubber retrofits continue to take capacity out of the fleet but high charter rates hold back demolition
The prices being offered to shipowners for scrap has been consistently low throughout 2019. This has coincided with the build-up to the IMO 2020 rules. Poor prices and a changing shipping backdrop have led to a noticably low annual scrapping figure
Geopolitical tension and trade hostility were among the overriding themes of 2019; the Lloyd’s List Top 100 People seeks to add clarity to the narrative
Idle fleet hits new highs as ships return to yards for scrubbers, but supply still outweighs demand
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