Demand boosts demolition rates, could lead to more scrappings.

Demand from ship recycling yards for more vintage tonnage, has already increased rates, which in turn, could lead to a rise in overall supply. In its latest weekly report, shipbroker Clarkson Platou Hellas said that "as the week moved at a snail's pace whilst the Far Eastern markets celebrated their Lunar holidays, price levels continued to jump northwards as the current supply of tonnage to the market gives no...