MSC Scraps Ships, But Overcapacity Remains

Capt. John
Credits: Venti views/Unsplash
  • MSC is to scrap a containership for the first time in nearly four years, as demolitions in the sector continue to rise amid the lacklustre freight market.
  • VesselsValue said last month was the most active scrapping since July 2020, with all the box ships recycled so far being built in the 1990s.

MSC joins ship-scrapping spree, but overcapacity still a prospect, states a Loadstar news source.

1986-built, 1,911 teu MSC Floriana

Linerlytica reported yesterday that the...

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