Overview Heading into March 2020 the recycling market had made significant ground and was looking strong. However, the COVID-19 pandemic hit hard and fast, crashing local steel plate prices and forcing tight restrictions, which in turn, for the first time led to yard lockdowns. The first 8 weeks of 2020 saw 67 vessels scrapped, this …

Bulkers Value Analysis The COVID-19 pandemic has had a dramatic effect on the Bulker sector causing a deterioration in rates, values and number of second-hand transactions.  Capesize Bulkers have been the worst affected, primarily as China is the major epicentre of Capesize trade. In the early part of the year, imports into China were near historical lows …