Vessel scrap value from LDT (lightweight) and prevailing $/LDT rates - the floor price on old ships.
Formula
$$ V = LDT \cdot r $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $LDT$ | Lightweight tonnage | LDT | tonnage cert |
| $r$ | Scrap rate | USD/LDT | cash buyer |
Sources
- GMS Weekly Price Report.