2026-09-25 US West Coast
HCM-UWC 8,030 USD/FEU +0.07% Index 3,912 pts
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HCM-NEU 3,539 USD/FEU -9.15% Index 2,435 pts
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HCM-KOR 325 USD/FEU 0.00% Index 1,090 pts
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HCM-SEA 309 USD/FEU 0.00% Index 1,583 pts
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HCM-ANZ 4,736 USD/FEU +7.72% Index 7,494 pts
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HCM-SAM 8,191 USD/FEU -7.27% Index 5,118 pts
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2026-09-25 Global
VCFI Composite Rate 5,085 USD/FEU -1.01% VCFI Composite Index 3,537 pts -1.35%
2026-09-25 US West Coast
HCM-UWC 8,030 USD/FEU +0.07% Index 3,912 pts
2026-09-25 US East Coast
HCM-UEC 10,789 USD/FEU -0.06% Index 3,302 pts
2026-09-25 Northern Europe
HCM-NEU 3,539 USD/FEU -9.15% Index 2,435 pts
2026-09-25 Mediterranean
HCM-MED 4,042 USD/FEU -5.78% Index 2,208 pts
2026-09-25 China
HCM-CHN 89 USD/FEU +21.81% Index 1,042 pts
2026-09-25 Korea
HCM-KOR 325 USD/FEU 0.00% Index 1,090 pts
2026-09-25 Japan
HCM-JPN 503 USD/FEU +3.27% Index 1,624 pts
2026-09-25 Southeast Asia
HCM-SEA 309 USD/FEU 0.00% Index 1,583 pts
2026-09-25 Oceania
HCM-ANZ 4,736 USD/FEU +7.72% Index 7,494 pts
2026-09-25 Middle East
HCM-MEA Suspended
2026-09-25 South America
HCM-SAM 8,191 USD/FEU -7.27% Index 5,118 pts
2026-09-25 South Africa
HCM-ZAF 4,119 USD/FEU +2.98% Index 2,341 pts
2026-09-25 East & West Africa
HCM-EWA 4,637 USD/FEU -5.13% Index 1,181 pts
2026-09-25 Global
VCFI Composite Rate 5,085 USD/FEU -1.01% VCFI Composite Index 3,537 pts -1.35%
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Friday, 03/02/2023, 09:22 (GMT +7)

1305

World containership demolition volume falls to 17-year low in 2022

Only six dedicated container ships with a total capacity of 10,904 TEUs were sold to recyclers in 2022, the lowest level in 17 years since 2005.

Demolished container vessels

Demolished container vessels (Photo: Ship and Job)

 

World containership demolition volume in 2022 has fallen to a 17-year low, with only six fully cellular container ships with a total capacity of 10,904 TEUs sold to recyclers. This is the lowest level since 2005.

Demolition volume in 2022 is only 10,904 TEU, lower than the 16,500 TEU realized in 2021, an already poor year and a far cry from the nearly 200,000 TEU recycled two years earlier, in 2020. The record years were 2016 and 2017, with demolition volume reaching 655,000 TEU and 417,000 TEU respectively.

The main reason for the drop in demolition volume in 2022 is the highly profitable charter and freight market, which has spurred carriers and shipowners to continue trading their old vessels and limited demolition, despite the high purchase price of scrap ships.

According to Alphaliner forecast, the world containership demolition volume will increase dramatically in 2023 to 350,000 TEU.

 

World containership demolition volume in 2005-2022

World containership demolition volume in 2005-2022 (Source: Alphaliner)

 

Read more:

 

Source: Phaata.com (According to Alphaliner)

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