Vessel scrapping spree on the cards after EU recycling rule change
Older ships are no longer being categorised as ‘waste’ for the purpose of EU law, ...
A sharp increase in steel prices has prompted a new wave of vessel scrapping, bringing the supply-demand ratio in container shipping further into balance.
According to the latest report from London shipbroker Braemar ACM, containership scrapping this year has already reached 56, amounting to 185,500 teu. This compares with 16 ships (45,000 teu) in the same period of 2016.
Moreover, the delivery of newbuild tonnage has slowed considerably, with only 18 vessels, totalling 91,500 teu, having been delivered so far this year.
Over 2016, there were ...
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Comment on this article
Capt. Rana V
May 23, 2017 at 6:08 amWhats your take on offshore jack up rigs supply , demand and scrapping
Mahabub Hossain
September 13, 2017 at 9:02 amDear sir, Please give me the scrap ship price of CNF Chittagong, Bangladesh basis. it is very urgent.
Thanking you,
Mahabub Hossain
Surma Gas Trading Company
Dhaka, Bangladesh