About 400 box ships heading for demolition after freight rate collapse

A high level of shipbreaking in the next two years will, however, not have a positive effect on capacity, according to one consultancy.
Photo: Amit Dave/Reuters/Ritzau Scanpix
Photo: Amit Dave/Reuters/Ritzau Scanpix

A large wave of scrap-ready ships are heading for demolition in South Asia after extraordinarily low shipbreaking levels during the pandemic.

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