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BULKERS HEAD FOR DEMOLITION AT A FRANTIC PACE.

Ships were sold for scrap in high numbers over the course of the past couple of weeks, most notably dry bulk carriers, which took the lead in this field from container ships, which were leading the foray up until recently.

In the latest weekly report, the world's leading ship buyer said that "several eye-catching market vessels were concluded this week, especially a couple of large LDT dry bulk vessels that were fixed at levels well above the market, as these owners perfectly timed and exploited a feverish demand for single skin capesize bulkers/VLOCs, particularly from a resurgent Bangladeshi market.

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Publication:Pakistan & Gulf Economist
Date:Jan 1, 2017
Words:131
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