Falling demolition prices are putting much-needed tanker scrapping in jeopardy, according to Gibson Shipbrokers.
The UK company said the last two VLCCs sold for recycling achieved record prices, but sentiment is now weakening.
Buyers and brokers report fewer enquiries as levels come off summer peak
Falling demolition prices are putting much-needed tanker scrapping in jeopardy, according to Gibson Shipbrokers.
The UK company said the last two VLCCs sold for recycling achieved record prices, but sentiment is now weakening.