Hellenic Shipping News

High Tanker Demolition Activity Not Only Due to Market Demise, Says Analyst, While Newbuilding Ordering Activity is Picking Up Again

A series of reasons is behind the increased tanker demolition activity so far this year and it’s not just the market demise, or an aging fleet. In a recent note, Mcquilling Services LLC said that “the tanker demolition market has picked up the pace in …

High Tanker Demolition Activity Not Only Due to Market Demise, Says Analyst, While Newbuilding Ordering Activity is Picking Up Again Read More »

Tankers: Enough Scrap Candidates in the Market as Average Tanker Demolition Age is 22 Years Old Says Shipbroker

Oversupply of tonnage could soon be eradicated in the wet markets, if the current pace of demolition activity is maintained. In its latest weekly report, shipbroker Intermodal noted that “on the crude sector, a very anemic supply growth in 2014 helped …

Tankers: Enough Scrap Candidates in the Market as Average Tanker Demolition Age is 22 Years Old Says Shipbroker Read More »