Demolition Activity Still Far From Perfect to Have an Positive Impact on Freight Rates

Demolition activity in Southeast Asia has tumbled over the course of the past few weeks. As a result, tonnage overcapacity still remains to be addressed. In it latest weekly report, shipbroker Clarkson Platou Hellas said that “we witnessed yet another quiet and subdued market last week as the monsoon rains start to take their toll …