Container Ship Demolitions Dropped to Multi-Year Low in 2021: Alphaliner

Demolitions of aging container ships dropped last year to the lowest level in at least six years as high charter rates encouraged owners to keep ships operating, according to shipping intelligence provider Alphaliner.

Register Now An estimated 16,500 TEUs of container carrying capacity was scrapped in 2021, down from 194,500 TEUs in 2020 and 655,000 TEUs in 2016, Alphaliner estimates. In the second half of 2021, just four ships were sold for demolition globally, all of which had an individual capacity of less than 1,000 TEUs.

View entirety: S&P Global Platts