Demand Shocks Keeping Aging Fleet Afloat, Argue Shipowners

Ship recycling has fallen to its lowest level in 20 years, per a recent report by the Baltic and International Maritime Council (BIMCO). BIMCO — a trade group representing shipowners — states that capacity has been overtaxed by the Red Sea crisis, which has forced shipping lines to take a longer…#baltic #bimco #redsea #africa #russian #simonheaney #drewry #houthi #lunarnewyear #philipdamas
Source: Reuters: Health - Category: Consumer Health News Source Type: news