Containership demolition increasing, but scrap prices have fallen 25% this year

July 9, 2020 Mike Wackett

With the containership charter market in the doldrums, demolition sales have picked up, with reports of a number of vessel sales.
Among them is the 1998-built 9,600 teu Sine Maersk (pictured above), which has been sold to Turkish breakers and will become the largest containership ever sent for recycling.
According to vesselsvalue.com, the post-panamax ship has been at anchor off Aliaga, Turkey, since 29 June and is due to be handed over ...

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