High scrap prices and weak freight markets are reducing the economic life of ships which now depreciate to scrap value in their teens. High scrap prices should encourage owners to renew fleet. The single hull phase out led to the biggest boom ….
High scrap prices and weak freight markets are reducing the economic life of ships which now depreciate to scrap value in their teens. High scrap prices should encourage owners to renew fleet. The single hull phase out led to the biggest boom ….
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