Scrapping of Older Ships Still Lagging Despite Urgent Need for More Decomissionings

The need to alleviate tonnage oversupply is still a major concern among ship owners. However, over the past few weeks, sales of older ships for scrap haven’t been exactly booming. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the mood in the sub-continent continued to amble along last week with only smaller …