Recycling in 2001 higher than for 2000

INTERTANKO has recorded a total of 15.8 mil dwt or 125 tankers reported recycled in 2001, 38 below 50,000 dwt, 29 50-120,000 dwt, 29 120-200,000 dwt and 29 VLCCs.

In dwt terms, recycling in 2001 was the highest since the record year 1985 when some 30 million dwt of tanker and combination tonnage was sold for recycling. However, the 2001 level was only up 1 million dwt over 2000 and in number terms more tankers were sold for demolition in 2000 (147) than in 2001 (125).

The average age for the tankers scrapped was some 26.4 years and 25.2 for the 29 VLCCs. In 2000 a total of 147 tankers of 14.8 million dwt (average age 26.7 years), including 26 VLCCs (average age 25.7 years) were recycled.

Ship-breakers in Bangladesh, China, India and Pakistan dominated the ship recycling market in 2001.

Click here for tanker recycling details/graphs 1990 – 2001