Boxship scrapping hits record pace

Transportation

Wednesday, May 23, 2012
   The pace of containership scrapping is increasing this year, according to the maritime analyst Alphaliner.    “The number of containerships sent for demolition is surging, with 69 units for 124,000 TEUs scrapped so far this year, according to Alphaliner records, compared to only 85,000 TEUs, scrapped in the whole of 2011,” the analyst said. “Scrapping activity is expected to remain high for the rest of the year, with low earnings and a weak outlook for older, less efficient ...
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