Ship recycle

MSC Scraps Ships, But Overcapacity Remains

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...

https://mfame.guru/msc-scraps-ships-but-overcapacity-remains/

Global Merchant Fleet Surpassed $1trn This Month

The value of the global merchant fleet has surpassed $1trn this month on the back of surging secondhand prices in the containership and dry bulk segments, according to new research from Clarkson Research Services.

Secondhand Price Index

Clarksons’ overall secondhand price index has risen by 33% since September last year to a seven-year high. As of this morning, the global merchant fleet trading today is valued at $1.042trn, according to the world’s largest shipbroker.

It is in the container sector...

https://mfame.guru/global-merchant-fleet-surpassed-1trn-this-month/

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