Significant increase in scrapping of container ships

High scrap prices and low rates have significantly increased the amount of container ships being scrapped within the past month, show new figures. "This should continue well into the next year," estimates shipbroker Braemar ACM to ShippingWatch.

by SIMON VALEUR

Container ship scrapping has increased towards the end of this year.

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The fleet of idle container ships may double
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Container fleet on track to grow more than 6 percent this year
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