13-year-old container ship sold as scrap

The number of unemployed container ships has declined for the first time in months, reports Alphaliner. The main reason for this is that Panamax vessels nearing their end of life are being sold as scrap.

Photo: IMO

For the first time since July, the number of unemployed container ships has gone down. However, this development is not caused by a sudden growth in demand, but rather the fact that more vessels are sold for scrap, repairs and maintenance at shipyards, reports Alphaliner.

The idle container fleet has dropped to 306 vessels, around 1.3 million teu - down 70,000 teu in two weeks.

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