Ship recycling drought leaves record ageing fleet afloat
Splash 247 · Oct 11, 2026
Ship recycling has sunk into its longest sustained slump in more than half a century, just as the global merchant fleet accumulates an unprecedented amount of ageing tonnage. Clarksons Research calculates that just 273 ships of 5.5m gt, equivalent to around 8m dwt, were sold for demolition in the first nine months of 2026, 13% …
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