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VLCC Ship Recycling Tankers and Gas

Total very large crude carrier scrapping value could reach $1bn, says GMS chief executive

If the pace of VLCC recycling stays the same for the rest of the year, VLCC scrapping value may reach a record high, says GMS president and chief executive Anil Sharma. This is despite the financing requirement for scrap deals being higher nowadays

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Weak freight earnings, firm demolition rates and tightening environmental regulations are boosting recycle volume

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VLCC Ship Recycling Tankers and Gas
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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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