Container carriers scrapping younger and bigger ships
The past two years have been remarkable in terms of scrapping, as shipowners in 2016 set a new record for tonnage scrapped. And the ships were younger and bigger, writes SeaIntel in a new analysis. But a shift could be underway.
While several of the biggest liner companies, such as MSC and CMA CGM, have in recent years signed orders for new, large vessels, the shipbreaking facilities have been working to get rid of end-of-life vessels.
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