News / Older, gas-guzzling box ships bound for scrapyards as IMO 2020 looms

ID 78887806 © Bayazid Akter | Dreamstime.com

With the IMO 2020 low-sulphur fuel regulations looming, containership owners are keen to offload as many older gas-guzzling vessels as possible, with the current high scrapping rates providing added incentive.

According to London-headquartered shipbroker Braemar ACM, 12 vessels with a capacity of 36,000 teu have been sold for demolition in the past 30 days, taking the year-to-date number to 30, for 52,000 teu.

This compares with just 48 vessels for 88,000 teu sent to breakers’ yards last year.

Braemar ACM reports on three ...