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Drewry: Only half as many ships scrapped in 2015

Container carriers are scrapping significantly fewer ships in 2015 than last year, primarily due to lower scrap prices and periodical surges in demand. But scrapping does not alleviate overcapacity on the main routes anyway, writes Drewry.

The hard-pressed container shipping companies have significantly reduced their scrapping pace in 2015 when compared to the same period last year.

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CMA CGM expects sharp decline in freight rates

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