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Only two Panamax bulkers demolished in 2018

20 December 2018

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.

BDI conducts the demolition activity

27 May 2016

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.