In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set …
The post Oil product tanker demolition on track to break 11-year record first appeared on Hellenic Shipping News Worldwide.