News / Containership demolition increasing, but scrap prices have fallen 25% this year

ID 50398915 © Vladimir Serebryanskiy | Dreamstime.com

With the containership charter market in the doldrums, demolition sales have picked up, with reports of a number of vessel sales.

Among them is the 1998-built 9,600 teu Sine Maersk (pictured above), which has been sold to Turkish breakers and will become the largest containership ever sent for recycling.

According to vesselsvalue.com, the post-panamax ship has been at anchor off Aliaga, Turkey, since 29 June and is due to be handed over to buyers today for an undisclosed price.

The online service lists ...