News / With scrapping rates on the up, containership owners weigh anchors in lay-up

© Joe Myerscough

The containership demolition market has started this year as it ended the last – with an abundance of candidates looking to take advantage of robust scrapping rates.

According to the latest report from shipbroker Braemar ACM, 35 container vessels, equating to 119,500 teu, have been scrapped in 2017 already; there were just nine, 27,000 teu, by the same time last year.

2016 was a record for containership demolition. Braemar estimates 658,000 teu scrapped, although previous reports have suggested that the figure was nearer to 700,000 teu.

The Indian ...