News / Boxship demolition market implodes as carriers seek out 'anything that floats'

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Despite a 30% spike in prices for scrap, just 1,300 teu of cellular tonnage was sold for demolition in the past 60 days as operators seek out and deploy every containership that can pass survey.

“The booming container charter market, with historically high charter rates, has been instrumental in keeping owners away from the demolition scene,” said Alphaliner.

Indeed, notwithstanding scrap buyers offering around $600 per ldt – which hard-pressed shipowners would have jumped at a year ago, particularly for their ageing ...