Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years.
A combination of strong demand following a series of market shocks and low order books have kept older ships operating for longer than usual.
During the first quarter of 2024, only two million deadweight tonnes (DWT) ship capacity were recycled. This marks the ninth consecutive quarter with recycling levels below three million DWT. The last time recycling was this low...
https://container-news.com/demand-shocks-drive-ship-recycling-to-lowest-level-in-20-years/