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Drewry does not expect an improvement in the freight market in 2013, predicting that the number of bulk shipping companies getting into financial difficulty will only rise over the course of the year. 'Demolitions in 2013 are expected to be above 36 million dwt, more than what was seen in 2012, and the average scrapping age will fall even further as middle-aged vessels struggle to find employment,' the report elaborates.