BIMCO: 42% drop in ship recycling fueled by strong dry bulk market
NewsBIMCO: Between January and August 2024, the number of recycled ships dropped 42% y/y, the second lowest level in 16 years.
Dry bulk distances increase by 31% for Panama Canal routes
NewsPanama Canal transit limits slashed dry bulk transits by 74% and increased sailing distances by 31%, causing a 25% drop in cargo volume.
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