Recycling market remains selective for older bulk carrier tonnage
Owners are weighing efficiency requirements against continued trading of older vessels.
Recycling activity for older bulk carriers has remained selective, with owners assessing the economics of continued trading against tightening efficiency expectations.
Cash buyers reported steady but unspectacular interest, with candidate vessels concentrated in the older Handysize and Panamax segments.
Analysts said recycling volumes tend to increase when earnings soften, making the current pace consistent with a reasonably firm freight market.
Yard capacity and regulatory standards at recycling facilities also remain a factor in owner decisions.
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