Baltic Ice Conditions Reports
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Get the latest ice reports for the Baltic Sea region here.
2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An almost total halt in Panamax demolitions has been an important factor behind this fall, with demolition in every ship segment down.
The Baltic Dry Index (BDI)’s positive effect on capacity being removed from the fleet did not continue into Q2 2016, as capesize demolition came to a halt.
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.