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Scrapping of ships seen doubling this year

But some owners, citing fewer new orders, say they prefer to wait as rates are expected to pick up from next year

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SCRAP yards are preparing for record numbers of freighters as shipping rates tumble to all-time lows.

London

SCRAP yards are preparing for record numbers of freighters as shipping rates tumble to all-time lows.

Owners may demolish 40 million deadweight tonnes of dry bulk carriers, more than double last year's total, according to Arctic Securities in Oslo. Rates to ship commodities

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