- Owners push a large number of less fuel-efficient vintage ships to scrapyards.
- The trend is expected to be sustained in the first half of this year.
- This could have a further downward impact on the freight market.
- 15 Capesize bulkers and VLOCs have already been sold for recycling this year as dry charter earnings suffer.
- IMO 2020 sulphur rules have impacted scrapping rates too as the new regulatory framework.
According to an article published in Splash247, the new IMO sulphur regulations,...
https://mfame.guru/imo-2020-and-covid-19-push-owners-towards-demolition/