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Ship Scrapping: Demolition by Country of Breaking & Vessel Type 1985-2002 |
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2002 data based on figures for January-September inclusive. |
SOURCE: |
Informa's "Lloyd's Inactive Vessels" monthly. |
Bulk Shipping Demolitions vs. Freight Rates
| Year: |
Dry Bulk demolition |
BFI |
Tanker demolition |
VLCC 12-mth T/C rate |
VLCC scrap value |
| 1985 |
7.29 |
910 |
29.59 |
9100 |
4.6 |
| 1986 |
13.32 |
705 |
17.33 |
15800 |
4.78 |
| 1987 |
6.52 |
1035 |
9.09 |
12500 |
6.55 |
| 1988 |
1.31 |
1387 |
3.3 |
14200 |
9.61 |
| 1989 |
0.66 |
1550 |
2.35 |
17200 |
9.14 |
| 1990 |
0.76 |
1348 |
0.79 |
27900 |
6.83 |
| 1991 |
1.03 |
1595 |
2.78 |
26300 |
5.91 |
| 1992 |
3.11 |
1199 |
11.83 |
29000 |
4.81 |
| 1993 |
2.81 |
1398 |
15.32 |
23400 |
5.25 |
| 1994 |
4.40 |
1502 |
16.2 |
20200 |
5.8 |
| 1995 |
1.53 |
1957 |
12.49 |
25500 |
6.26 |
| 1996 |
7.00 |
1310 |
9.01 |
26300 |
6.41 |
| 1997 |
6.63 |
1316 |
5.23 |
33200 |
6.08 |
| 1998 |
11.67 |
931 |
7.56 |
31800 |
4.77 |
| 1999 |
9.14 |
1087 |
17.63 |
25000 |
4.22 |
| 2000 |
3.89 |
1608 |
14.06 |
39750 |
5.43 |
| 2001 |
6.80 |
1217 |
13.1 |
42500 |
6.52 |
| 2002 |
3.80 |
1058 |
13.37 |
24556 |
4.92 |
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Demolition figures in million dwt; T/C rates in US$/day, scrap values in US$ million. |
2002 data based on figures for January-November inclusive. |
SOURCES: Informa, SSY.
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