Τaiwan’s Evergreen Marine Corporation and Shreyas Shipping & Logistics were among the ship owners which accounted for three boxship demolition sales last week, joining what appears to be the start of a recycling trend for container vessels.
Ship recycling is known to have an inverse relationship with the freight market—scrapping rises when freight demand weakens.
Few boxships were scrapped when freight rates were at record highs in the last two years, as operators continued trading elderly...
https://container-news.com/evergreen-shreyas-jumpstart-boxship-scrapping/
