News / MSC joins ship-scrapping spree, but overcapacity still a prospect

MSC Floriana Photo: VesselFinder

MSC is to scrap a containership for the first time in nearly four years, as demolitions in the sector continue to rise amid the lacklustre freight market.

Linerlytica reported yesterday that the 1986-built, 1,911 teu MSC Floriana, serving the Swiss-Italian liner giant’s intra-Mediterranean service, had been sold for $4.56m, or $520/ldt, for recycling in Alang, India.

Shipping databases show MSC acquired the MSC Floriana for $25m in September 1994, before selling it to Niki Shipping for an undisclosed price in December 2019 ...