By 2032, over 15,000 ships could be scrapped, the equivalent of 600 million DWT. This means a quarter of the world’s fleet, according to BIMCO. in its report, it forecasts a 100% increase in shipbreaking activities compared to the average of the last ten years.
In fact, the shipowners’ association reveals that 7,780 vessels with a total deadweight capacity of 285 million tonnes have been recycled in the last two five years. Most of these ships were built around the 1990s.
Over the next ten years, ships built in the year 2000 are expected to be scrapped and recycled. BIMCO’s forecast is based on historical data on the retirement age of ships. 50% of containerships, bulk carriers and oil tankers are decommissioned after 25 years’ service and 90% of vessels are scrapped after 30-35 years.
According to BIMCO, we are likely to see a sharp rise in demolitions this year due to the international environmentalist crackdown on Co2 emissions.
Translation by Giles Foster
