A drop in dry cargo scrapping levels saw bulker newbuilding deliveries outpace ships heading to the breakers' beaches by three to one in the first half of 2017, according to new figures from Banchero Costa.
Scrapping levels have come off during the first half of this year, with a previous study from broker Edward McIlvaney highlighting the trend.
Today, Bancosta’s latest fleet update showed that just 700,000-dwt of dry cargo tonnage left the market in June, spanning a single capesize, two panamaxes, six supramaxes and four handysize vessels.
