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News / The ups and downs of container vessel scrapping as charter rates rise and fall

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Alphaliner recently downgraded its projection for containership demolitions this year after an improvement in charter hire rates coincided with a dip in steel scrap prices.

The combination encouraged some shipowners to defer some vessel recycling, it said. Hitherto scrapping was on track to pass last year’s all-time record of 650,000 ...

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