“Between January and August 2024, the number of recycled ships has dropped 42% y/y, the second lowest level in 16 years. The market has seen high freight rates and strong demand, delaying the recycling of older ships. On the supply side, the fleet has continued to grow slowly…<p><p>https://www.marinelink.com/news/bulk-carrier-scrapping-plummets-517183</p></p>