September 8th, 2017

Scrapping outlook

Revised down

Since July when the IMO relaxed its implementation timetable for Ballast Water Treatment initiative, owners and flag states have been digesting the implications. Some flag states have allowed owners who would otherwise have been disadvantaged by the relaxation to re-couple IOPPC renewal with DD cycle. All this is making it very difficult to judge the age at which vessels will chose to exit the trading fleet over the next five years.

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