WebMar 11, 2024 · Tanker. The year 2024 has been tough on crude oil tanker freight rates across the board so far. Consequently, the industry buzz has been all about large scale scrapping of tankers, but so far, it has been all talk and very little walk, as the second-hand market has proved a much-preferred alternative. Although demolitions are up from the … WebMar 12, 2024 · TradeWinds has reported two product tankers sold for scrap in Bangladesh at firm prices as the ship-recycling market remained strong for these vessels. Brokers and cash buyers of ships for...
Weight of Freight: Floating storage release is key to tanker …
WebScrapping is higher for crude tankers and lowest for dry bulk tankers which signal that along with a lower order book for crude tankers, we have the support from scrapping activity in this vessel category. Why is Crude Tanker Fleet Seeing Higher Scrapping? WebOverall, it is expected to be another frantic finale to the year, as prices remain firm at historical levels at or above USD 600/LDT and tanker charter rates (for the most part) … simplisafe security system security system
Tanker Scrapping Continues to Dominate, As Prices Heat Up
WebNov 19, 2024 · Tanker scrapping picking up and expected to continue, MSI says. More tankers are forecast to be sent to the breakers in the coming months, with some … WebJan 21, 2024 · TANKER scrapping in 2024 is forecast to rise from a 23-year low as poor earnings, regulatory pressure, higher steel prices and the lack of floating storage close the … This copy is for your personal, non-commercial use. For high-quality copies … This copy is for your personal, non-commercial use. For high-quality copies … WebMay 6, 2024 · In addition to distress sales, tanker rate slumps usually see accelerated vessel scrapping. The current cycle is different. If rates are as low and steel prices are as high as … simplisafe security system installation help