ShippingWatch

Massive amount of scrappings in November

The amount of container ships sold for demolition in November was the higest monthly number since the summer 2009. The amount of ships sold for demolition makes November the third biggest month for scrapping ever registered, writes Clarksons.

The oversupply of container ships was eased a little in November, as 19 container ships, for a total of 38,822 teu, were sold for demolition, making November the biggest month for demolitions since the summer 2009, and the third biggest registered ever, according to Clarksons Container Intelligence Monthly.

"This brings total containership scrapping to 154 vessels of a combined 285,701 TEU in the first eleven months of 2012," writes the Clarksons analysts.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

MPC upgrades 2022 guidance after strong first half

MPC Container Ships reports continued advancement in Q2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.

Related articles

Latest news

See all jobs