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Boxship demolition sees significant fall


Demolition of container vessels has been seeing a slump towards the second half of the current year.


It has come down from 29 ships of 99,899 TEUs in January to only seven small vessels in June, according to BIMCO.


However, this is no surprise, says Mr Peter Sand, BIMCO analyst. "This is in line with our forecast that sees the second half of the year with continued fleet growth, low demolition activity and a slower demand growth than was seen in the first half," he says.


Source: Exim News Service - London, Sept. 12


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