Tanker scrapping reportedly shot up while the disposal of bulk carriers diminished as the total deadweight tonnage of ships sold for demolition rose by five percent in the second quarter of this year from the first quarter.
Related News
22 Oct 2026
New Crewsure Energy Program Provides Employee Benefits for Offshore Workers
Crewsure Insurance Services Limited (Crewsure) has announced the launch of Crewsure Energy, a new program that brings together…
22 Oct 2026
Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports
Citi said on Thursday that near-term risks to oil prices remain skewed to the upside despite a recovery in Gulf crude exports…
22 Oct 2026
Greece, Egypt Discuss Extending EEZ Towards Cyprus
Greece and Egypt are discussing extending their Exclusive Economic Zone eastwards towards Cyprus after eastern Libya's parliament ratified a disputed
22 Oct 2026
Global Shipyard Orderbook Up 13%, China Dominates
"On 1 September 2026, the global shipyard order book reached an estimated 203.2m Compensated Gross Tonnage (CGT), up 13%…