Thursday, May 24, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Owners boost scrapping of container vessels

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.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…