Tuesday, 04/04/2023, 10:41 (GMT +7)
1257
Trade in old container ships for recycling around the world slows down
Ship recycling (Photo: MaritimeFairTrade)
The forecast of a wave of old container ships being sold for demolition is no longer the same. Shipping lines are intending to pursue market share despite the adjustment in freight rates, continuing to charter container ships.
This has pushed up charter rates and slowed down ship owners' demolition plans.
Clarksons' Shipping Intelligence Weekly reported that in all of March, only two container ships, the MSC Veronique 2,450 TEU built in 1989 and the Vasi Star 1,694 TEU built in 1996 by Vasi Shipping, were sold for scrap.
Meanwhile, five container ships were sold for demolition in February, while in January, Taiwanese shipping line - Wan Hai Lines - sold 10 old ships in a recycling transaction.
Clarksons commented: "The supply of tonnage to the ship recycling market has slowed considerably, with only a handful of units currently being circulated. However, there is speculation that some of these units will instead be sold on for further trading amid some improving shipping market conditions."
The world's largest shipping brokerage noted that last week, the Taiwanese shipping line - Evergreen Marine Corporation - offered for sale two 5,652 TEU ships, manufactured in 1999, Ever Unific and Ever Uberty.
“However, some reports suggest there are buyers interested in the vessels for further trading; it is yet to be seen if the ships will eventually make their way to a recycling yard.”
Buyers of recycling ships belonging to Global Marketing Systems cite falling scrap prices in the Indian subcontinent, as well as the Muslim holy month of Ramadan, are also behind the slowdown in ships being offered for demolition.
A recent report by Linerlytica, dated March 28, indicates that charter rates continue to increase rapidly as demand from shipping lines remains high. For example, the charter rate for a 6,500-TEU vessel is currently at $30,500/day, up from $28,000/day in early March.
Read more:
Source: Phaata.com (According to ContainerNews)
Phaata - Vietnam's First Global Logistics Marketplace
► Find Better Freight Rates & Logistics Services
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
_(4).webp)
.webp)
HOT PROMO
See more
99
LCL
1 Days
Freight cost
OPL LOGISTICS
420
Other
INTERLOG CORP - CÔNG TY CỔ PHẦN GIAO NHẬN TIẾP VẬN QUỐC TẾ
651
FCL
39 Days
Freight cost
Savino Del Bene
1487
FCL
2 Days
Freight cost
CÔNG TY TNHH PIO LOGISTICS
2176
FCL
31 Days
Freight cost
CÔNG TY TRÁCH NHIỆM HỮU HẠN DT LOGISTICS (VN)
Why do thousands of businesses trust Phaata?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find a price quickly/Send a RFQ
Compare multiple options
Contact for Further Consultation
Negotiating prices/services
Management & rating
Freight rates
Sea freight
- FCL
See more
85
5
Days Direct
- ₫47,633,400 / 40'HQ
ATLANTIC TRADING AND LOGISTIC CO.,LTD
102
31
Days Transit
- ₫203,765,100 / 40'HQ
CÔNG TY TNHH INTERNATIONAL LOGISTICS GLORY (VIỆT NAM)
144
174
10
Days Direct
- ₫34,666,530 / 20'GP
- ₫34,666,530 / 40'GP
- ₫34,666,530 / 40'HQ
CÔNG TY TNHH ORIENT DRAGON FREIGHT
153
30
Days Direct
- ₫140,597,919 / 20'GP
- ₫144,223,350 / 40'GP
- ₫144,223,350 / 40'HQ
- ₫144,223,350 / 45'HQ
VOLTRANS
Sea freight
- LCL
See more
137
217
3
Days Direct
- ₫0 /cbm
CHI NHÁNH THÀNH PHỒ HỒ CHÍ MINH - CÔNG TY TNHH HECNY SHIPPING VIỆT NAM
268
7
Days Direct
- Refund ₫261,590 /cbm
CÔNG TY TNHH VẬN TẢI VÀ TIẾP VẬN TOÀN CẦU
983
7
Days Direct
- ₫105,852 /cbm
Công ty Cổ phần vận tải xuyên đại dương OVC
3,505
4
Days Direct
- ₫26,463 /cbm
CÔNG TY TNHH IEC EXPRESS (VIỆT NAM)- CHI NHÁNH HÀ NỘI
Air freight
- General cargo
See more
1,943
10
Days Transit
- 264,630 ₫/kg
Phoenix Logistics Vietnam - chi nhánh TP. Hồ Chí Minh (Phoenix International Forwarding Vietnam )
3,133
1
Days Direct
- 185,241 ₫/kg
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ FASTRANS
6,435
5,991
8
Days Transit
- 224,936 ₫/kg
CÔNG TY TNHH SEA GLOBAL VIỆT NAM
3,272
1
Days Direct
- 502,797 ₫/kg
CÔNG TY TNHH VẬN TẢI QUỐC TẾ GIA PHÚ
Rail freight
- FCL
See more
189
5
Days Direct
- ₫44,987,100 / 40'HQ
- ₫44,987,100 / 45'HQ
CÔNG TY TNHH PHƯỚC TÁ
552
3
Days Direct
- ₫15,083,910 / 40'HQ
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
11,474
7
Days Direct
- ₫48,956,550 / 20'GP
Công ty TNHH T&M Forwarding
10,679
5
Days Direct
- ₫7,145,010 / 20'GP
ASIAN EXPRESS LINE VIETNAM ( AEL VIET NAM )
8,598
10
Days Direct
- ₫9,262,050 / 20'GP
CÔNG TY CỔ PHẦN LOGISTICS QUỐC TẾ V&T
Road freight
- FCL
See more
214
1
Day
- ₫28,000,000 / 20'GP
- ₫28,000,000 / 40'GP
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ VÀ KHO VẬN VIETTEL POST - TTC
359
4
Day
- ₫211,704 / 20'GP
CÔNG TY CỔ PHẦN KINH DOANH THƯƠNG MẠI VÀ DỊCH VỤ HỎA TỐC
43,602
1
Day
- ₫6,868,686 / 20'OT
- ₫6,868,686 / 40'OT
- ₫6,868,686 / 40'OT HQ
CÔNG TY TNHH LIÊN VẬN QUỐC TẾ SHINING OCEAN VIỆT NAM
101,343
2
Day
- ₫6,500,000 / 40'RF
- ₫6,500,000 / 40'RQ
- ₫6,500,000 / 45'RQ
CÔNG TY CP PROSHIP
Premium
171,312
1
Day
- ₫18,997,200 / 20'GP
- ₫18,997,200 / 40'GP
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI CON ONG
