Liner oversupply problem being masked by Suez Canal diversions
The Red Sea crisis, driving extended voyage times around Africa, is creating simulated cargo demand ...
© Gordzam
By Mike Wackett
In the last 30 days, 23 container vessels have been sold for scrap – nearly half the number sent to breakers’ yards in the past year.
According to data supplied by shipbroker Braemar ACM, so far this year 52 containerships, equating to 94,000 teu, have been sold for demolition, compared with 141, for 398,500 teu, in the same period last year.
A rebound in charter rates, prompted by a shortage of tonnage in the smaller-sized sectors and a virtually non-existent orderbook, persuaded owners to reactivate many ...
Comment on this article