News / Boxship demolition sales disappoint analysts as charter market booms

Photo 78887651 © Bayazid Akter - Dreamstime.com

The number of ageing containerships being sold for scrap this year is well below analysts’ predictions, the dearth of demolition candidates being underpinned by a strong charter market rally that shows no sign of slowing.

According to Alphaliner data, with over a quarter of the year already gone, just 28 cellular vessels, with a capacity of 48,555 teu, have seen their final destinations the beaches and scrapyards of the Indian sub-continent and Turkey.

This compares with ...