WebOct 21, 2024 · In September, Bimco forecast that crude tanker demolition volume would reach 7.5m dwt and product tanker scrapping would hit 1m dwt in 2024. Data from Clarksons Research shows that only 1.7m dwt ... WebAug 13, 2024 · A total of 131 tankers were scrapped, accounting for nearly half of all ships scrapped in H1 2024. “The increasing scrapping numbers are a direct result of exceptionally high scrapping rates,...
Tanker Sector Leads Demolition Surge in First 6 Months of 2024 ...
WebJan 26, 2024 · Tankers dominated the demolition market in 2024 with 301 vessels sold for scrap, accounting for 59% of all cargo vessels demolished. The comparatively low number … WebOct 14, 2024 · According to data from Charles R. Weber, tanker demolition rates picked up from $280/ldt in the week starting May 10 to $360/ldt in the week ending Sept. 20. Euronav CEO Hugo De Stoop told Platts he thinks the tanker market can adapt to the challenges of oversupply and weaker demand both in the near term and further out. shepherd lake ontario
Aggressive Tanker Scrapping - Why Now? Seeking Alpha
WebJan 11, 2024 · Newbuilding tankers scheduled for delivery in 2024 are nearly double the volumes scrapped in 2024, highlighting the urgency for ageing tonnage to be removed from the market to help bring supply and demand into balance A subscription is required to continue reading this content. Are you a subscriber? Sign in to continue reading. WebOct 27, 2024 · Kpler, collecting data on laden crude- and condensate-tanker capacity for ships stationary for 12 or more days, stated that global crude floating storage peaked at 190 million barrels on July 1 ... WebSep 8, 2024 · In the first eight months of 2024, shipowners sent 83 tankers for demolition amid depressed freight rates and elevated scrap prices. While Argus data shows tanker … shepherd lake idaho