News / Time to scrap younger containerships to help rebalance supply and demand

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Drewry has urged containership owners planning to scrap older vessels this year to “get a move on”.

The number of vessels scrapped last year fell to an eight-year low, adding to the overcapacity issues blighting the liner industry and the maritime consultant said: “It would certainly help the supply-demand balance if more at the top end of the age range were to be demolished.”

Noting that 85% of the current global cellular fleet is less than 15 years old and only 5% ...