Ship recycling could increase by double over the next decade

Ship recycling industry expected to surge: Some 15k ships with a deadweight capacity of over 600 mn tons could be recycled by 2032, more than twice the amount recycled over the past decade, according to international shipping association BIMCO. The deadweight capacity of ships has been rising over the decades, which explains the increase of recycling practices, and which raises the possibility of recycling increasing again in the 2030s and 2040s.