Scrapping of container vessels picks up speed in 2019

Only few container vessels ended up at scrapping yards in 2018. But in the first month of the new year, shipowners have already picked up the pace, according to a new report from shipbroker Braemar ACM.

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.

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