For the time being, elder vessels of 37.0m dwt were sent for demolition this year, much higher than the volume of 2010.
According to SSY, with the slipping conditions of bulker and tanker shipping market, the scrapping volume of 2011 is likely to break the record of 1985 and hit a new high.
As Clarkson estimate that the scrapping tonnage would reach 39.0m dwt till the end of the year.
BRS point out in its recently report the scrap of Capesize bulker reach up to 11,60m dwt, six times of the volume in 2009.