BIMCO: Product tanker recycling drops 82% year-on-year to lowest on record
In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at product tanker recycling activity which dropped to its lowest level on record in 2023, partly due to strong earnings, second-hand values and a reduction in newbuilding deliveries.
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