Greeks are leading the way in scrapping bulk carriers, reports World Maritime News. The title of the WMN article, however, which states that they have scrapped the most "in 2015", is premature - after all, we are only in July 2015 which still leaves over half of Q3 and all of Q4. But the general trend does appear to be positive, as recently confirmed by BIMCO.

The Greeks are followed by the Chinese in tonnage scrapped; taken together, the two nations have caused the (timely) demise of 125 vessels, including 27 Capesizes. We are looking at approximately 9 million deadweight tons (DWT) out of commission between the two countries (according to BIMCO, the dry bulk DWT demolished in the first half of 2015, in total, worldwide, was 20 million DWT). That is certainly enough to make a dent in the market, but the order book for 2015 indicates that ca. 50 million DWT are to be delivered: