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17 August 2026

Sanctioned ships make up 58% of tanker scrapping deals this year

Downunder Voices Newsroom

Source reporting: Splash247

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Sanctioned ships make up 58% of tanker scrapping deals this year

Sanctioned ships are accounting for an extraordinary share of this year’s tanker recycling market, even as strong freight conditions keep overall demolition activity near historic lows. Clarksons Research reports that 26 sanctioned vessels totalling 2. 1m dwt have been sold for recycling so far in 2026, including 22 tankers of 1. 8m dwt. Those 22 ships represent …

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