NEW YORK — Shipowners scrapped the most container vessels in two years this month as they seek to revive cargo rates.
Vessels equivalent to 21,000 20-foot containers were scrapped, the most since November, 2009, according to Alphaliner, a Paris shipping-industry data provider. The dismantled ships were mostly those of maximum size to pass through the Panama Canal and included those as old as 19 years, Alphaliner said.
“Poor earnings prospects for such panamax ships will likely drive further demolition sales in 2012,” it said.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.