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Ship Recycling: Tonnage Availability Improves, But Few Takers on Hand

November 16, 2022


After a series of weeks with minimal to none activity, tonnage availability has finally began to filter through to the ship recycling market. However, not many scrapyards are willing takers. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “this week has shown how volatile the Recycling industry truly can be. We have finally seen some signs of tonnage availability with several Owners testing the water and seeking indications, however, unfortunately a significant fall in rates met with some stubborn resistance from the recyclers who are not prepared, as of yet, to offer those levels required by the Owners.

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