Where Ageing Tankers Go
Last year saw a notable increase in tanker demolition, recording the second highest number of tankers (above 25,000 dwt) scrapped since 2020 on the back of depressed industry earnings. Activity was particularly robust in the Handy/MR segment, with over 50 tankers in this size group reported for demolition sales in 2021, whilst nearly 20 units have also been reported so far this year.
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