Older tonnage could headed to scrapheap ahead of the IMO 2020

A sudden surge has been seen in scrapping enquiries after months of benign activity in the sector, although some reports continue to claim that the numbers of demolition enquiries were underwhelming.

In its report last week, GMS, the world’s largest cash buyer of ships, said that “after several weeks of all pervading negativity off of the back of slumping Bangladeshi steel plate prices, the rollercoaster nature of the international ship recycling markets was on full display this week, as prices…