News / Hapag-Lloyd kicks off its ship demolition programme

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Hapag-Lloyd has sold three elderly ships for demolition, sticking to a plan outlined in last month’s earnings call.

Singapore’s Wirana Shipping Corp, which acquires old vessels for recycling, said on Monday that Hapag-Lloyd had sold two 1998-built ships, 2,800 teu Mississauga Express and 2,992 teu Ottawa Express, and 1996-built 2,330 teu Milan Express for a total of $17.27m.

Wirana said the ships would be recycled in Turkey and fetched a good scrap price due to the “good amount of spare parts” on ...