Greek shipowners have been the most active in the retirement of dry bulk tonnage, showed the data provided by VesselsValue.

A total of 4,984,500dwt was sent for scrap by Greek shipowners, equaling to 54 vessels, out of which 20 were Capesizes, 18 Handies and 16 Panamaxes.

Greece is followed by China in the second place with 4,025,500dwt sent for demolition or 71 bulk carriers. Chinese owners dismantled somewhat smaller vessels than their counterparts in Greece, with only 7 Capesizes, followed by 29 Handies, 17 Handymaxes, 17 Panamaxes and 1 Postpanamax.

Owners from Singapore have been the third busiest nation with respect to disposing of older tonnage, recording 1,460,000dwt. This equals to a total of 11 bulk carriers, 7 Capesizes, 3 Handies and 1 Panamax that were sent for dismantling.

The 2015 has been a very busy year with respect to dry bulk demolition activity, with the monthly average for the first six months in 2015 standing at 3.3m DWT.