Drewry: Scrapped ships have no real effect

Even though the number of scrapped container ships in 2014 has increased drastically, the combined effect on the overcapacity in the container fleet remains extremely modest.

Photo: Maersk Line

Even though the number of scrapped container ships has increased drastically in 2014, and is expected to keep rising throughout the rest of the year, the development will have a very limited impact on the current overcapacity of ships in relation to demand where the effect would otherwise be biggest, namely on the East-West trades.

All container ships scrapped this year remain under 6,000 teu, while the most significant overcapacity lies in the segment above 10,000 teu, where a majority of the vessels operate between Asia and Europe, says analyst agency Drewry on Monday in its Container Insight Weekly.

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

One alternative fuel may be particularly dangerous

In a new study – which Maersk, Shell, Euronav and MSC Ship Management, among others, are behind – the new alternative fuels are ranked based on how dangerous they are. The industry has to be careful with one of them, in particular.

Further reading

Related articles

Latest news

See all jobs