ShippingWatch

High scrap prices on ships prompt busy start to the year

Shipping lines have been busy scrapping vessels in the beginning of the year. This is especially tied to prices being at a six-month high, according to shipbroker.

Photo: Ajit Solanki/AP/Ritzau Scanpix

Scrap prices on ships are at their highest point in half a year, which has prompted several shipping lines to scrap vessels in the start of the year, according to shipbroker Simpson Spence Young (SSY).

"The start of 2020 has been very busy," the broker states in a new report.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs