Shipbreaking, 2015 record
2015, the year of Bangladesh, bulkers go for slaughter, the industry for purgatory
Tons and $
766 ships demolished in 2015, i.e. a 21% drop compared to 2014. The scrap tonnage was 7 million tons, it was 8 million tons in 2014. This has been the weakest year since 2010 for the demolition business. Turbulence in the Top 5: decline in Pakistan and Turkey, drop in India, collapse in China and boom in Bangladesh. With a 47% increase, it is taking the lead after 6 years of Indian reign. 2015 is the year of Bangladesh. The Top 5 absorbed 95% of the demolished ships.
