Author Topic: Boom time for scrapyards?  (Read 1442 times)

Offline ozzy76

  • Just can't stay away
  • ***
  • Posts: 76
    • View Profile
Boom time for scrapyards?
« on: October 26, 2013, 01:52:41 PM »
Tanker: Rates rally on demolition news - The onset of the largest demolition program in a decade will see a rallying of rates in the tanker market, according to E.A. Gibson Shipbrokers. Twenty-three very large crude carriers (VLCCs) are set to be demolished in the current calendar year, with similar scrappings expected up to 2016. Presently, rates are at a record low; figures from Clarkson's show average earnings this year for VLCCs hauling 2mn barrels of crude oil are at their lowest since records began in 1997.

 

SMF spam blocked by CleanTalk