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Drewry: More ships wil be scrapped, but is it enough?

Container carriers have launched serious efforts to scrap ships, with more vessels than ever being demolished this year. But a new analysis from Drewry asks if this is enough to give shipowners respite.

Container carriers were confronted with the severity of the global overcapacity situation when a new analysis from Drewry revealed that more vessels than ever before a total capacity of 450,000 teu   would be pulled out of the market this year and sent to the scrap heap.

Old container vessels are the primary victims. The research firm bases its predictions on an average vessel size of 3,000 teu and this means that about 150 old and medium-sized container vessels will leave the market or anchorage to be scrapped.

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