Only 14 containerships for 9,857 teu have been scrapped so far this year, with no new scrap sales expected in December as the high charter rates are keeping older ships from the scrapyard. The full year scrapping rate in 2025 will be the 2nd lowest on record, only surpassing 2022 when just 3 ships for 2,848 teu were sent for demolition during the height of the COVID pandemic.
With over 1,690 ships for 4.40m TEU that are over 20 years old, the number of ships to be scrapped will need to accelera