Bangladesh is the most popular recycling destination for Chinese-owned bulker tonnage. Photo: Naquib Hossain/Creative Commons

Deals for South Korean and Japanese-built bulkers come as recyclers express concerns over Chinese-built tonnage

15 April 2024 3:19 GMT

15 April 2024 3:19 GMT

Two Chinese shipowners have joined their compatriots in selling veteran bulk carriers for recycling in on an as-is basis.

The sales come as some brokers reports that Bangladeshi ship recyclers are adjusting their offers on Chinese-built and owned bulkers downwards due to discrepancies in the stated deadweight tonnage of vessels and what actually shows up on the beach at Chattogram.

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