A lack of tonnage is still plaguing the demolition market

A lack of tonnage is still plaguing the demolition market

A lack of tonnage has continued to plague the ship recycling market. In its latest weekly report, shipbroker Clarkson Platou Hellas said: “As we turn the page on another week, the story remains repetitive as there continues a lack of tonnage supply due to the ever-improving charter markets and second-hand values.

“We certainly feel like we are crawling slowly towards the summer months despite strong demand again from the end recyclers, as they seem to have come to the realisation that the year ahead will without doubt be challenging, as they battle for what little units will be proposed in the coming months.

“In addition, the pandemic is a changing situation that once again seems to be causing concern with ‘as-is’ deliveries, especially in Singapore. These further complications may result in more delivered type transactions going forward, to avoid the challenges caused by COVID-19 with more areas entering further restrictions.”

For more information visit www.clarksons.com

29th March 2021