Container carriers are hesitant when it comes to scrapping ships at a time when new tonnage, and ultra large vessels especially, are pouring into the global fleet. A development that - according to analyst agency Alphaliner - will worsen the already increasing overcapacity of ships.
Scrapping of container ships in 2014 finished far below expectations voiced at the beginning of the year, and the extent of scrapping has been especially limited in the second half of the year.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.