Shippers and banks must put pressure on carriers to scrap ships more responsibly
The promotion of more environmentally friendly shipbreaking should come from large shippers and banks, as many shipowners ”don’t necessarily want to worry” about that side of their business, says Grieg Green’s new CEO to ShippingWatch.
As container carriers have seen massive income for the last two years thanks to a boom in consumption and sky-high rates, all ships have been put to use, and a significant part of the world’s box fleet have now reached a scrap-ready age.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.