01-03-2017, 07:42 PM
This is what it is happening to RickmersMaritime. The banks are chasing them for $$$ and no one wants to buy their ships because it is cheap to build a new one which comes along with greater savings in fuel, carbon emission and etc. Hence to the scrap yard even though it is relatively 'new'. So one might see a lot of 'force' demolitions.....
Shipping slump: Why a vessel worth $60m was sold as scrap
http://www.bbc.com/news/business-38653546
Shipping slump: Why a vessel worth $60m was sold as scrap
http://www.bbc.com/news/business-38653546
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