Tanker Deliveries Are Soaring As Demolitions Hit Decade-Lows

Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before.

Drewry: Scrapping Boxship Candidates to Get Younger and Bigger

Amid a record year for containership demolitions in 2016, which helped suppress total fleet growth close to the rate for demand, shipping consultancy Drewry said that the scrapping candidates will get younger and bigger until the market recovers.

Majority of ship demolitions in Q3 landed in South Asian beaches

The beaches of South Asia received the majority of ships being sent for demolition during...