Scrapping of container ships has once again picked up speed after activity dropped to a seven-year low in 2018.
In the first three weeks of 2019, 16 container vessels were sent to scrapping. This is a third of the total scrapped across the whole of 2018, when 53 container ships ended up at scrapping yards, shows a study from shipbroker Braemar ACM.
The picture seems similar when calculating by capacity. The study reports that the 16 container vessels have a total capacity of 32,000 teu, more than one-third of the total 94,500 teu scrapped last year.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.