Hammonia Grenada – Youngest Ever Boxship Sold for Scrap?

The 2010-built Hammonia Grenada has become the youngest containership sold for demolition, according to data provided by VesselsValue.

Alphaliner: Panamax Exodus Set to Continue

Over 100 more classic Panamaxes would need to be scrapped in the coming months to re-balance supply and demand, and reduce the total pool to less than 470 units, compared to 670 units four years ago, according to Alphaliner.

Drewry: Scrapping Boxship Candidates to Get Younger and Bigger

Amid a record year for containership demolitions in 2016, which helped suppress total fleet growth close to the rate for demand, shipping consultancy Drewry said that the scrapping candidates will get younger and bigger until the market recovers.

Maersk Admits to Duplicity in Vessel Recycling

Danish shipping giant Maersk Line has admitted that its own contracts from divestments “have not always guaranteed the intention” of the company’s recycling policy, according to Annette Stube, Head of Maersk Group Sustainability.