Biggest container ship ever to be scrapped

Historically weak container rates are reflected in the number of vessels being scrapped this year. More than 500 vessels will be demolished constituting the highest number in a decade. The largest container vessel ever has just been sold for scrapping.

Photo: PR-foto/Maersk Line

Extremely low rates and the expanded Panama Canal spurred container carriers to scrap ships this year like never before. According to a study from Clarksons, more than 500 container vessels will meet their fate and be scrapped this year, constituting the highest number of scrapped vessels in the past decade and according to some , ever.

The low rates logically make container shipping a weaker business, and the expanded Panama Canal has likewise made it less profitable to sail in the Panamax vessel series, perhaps even superfluous. Panamaxes were built based on the dimensions in the original canal before expansion on June 26th this year.

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