1.0UFL Grouphttps://ufreight.com/tcUFL Grouphttps://ufreight.com/tc/author/tung-ho/Neutralising the boxship orderbook would require scrapping every pre-2010 vessel - UFL Grouprich600338<blockquote class="wp-embedded-content" data-secret="kitQ9i0dEY"><a href="https://ufreight.com/tc/neutralising-the-boxship-orderbook-would-require-scrapping-every-pre-2010-vessel/">Neutralising the boxship orderbook would require scrapping every pre-2010 vessel</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://ufreight.com/tc/neutralising-the-boxship-orderbook-would-require-scrapping-every-pre-2010-vessel/embed/#?secret=kitQ9i0dEY" width="600" height="338" title="Neutralising the boxship orderbook would require scrapping every pre-2010 vessel — UFL Group" data-secret="kitQ9i0dEY" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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</script>https://ufreight.com/wp-content/uploads/2024/12/cargo-ship-miami-harbor.jpg902600Following our recent news article about overcapacity in the container shipping arena, we note that Peter Sand, chief analyst at Xeneta, told the Splash 247 website that it would be necessary to demolish all ships built in 2009 and before to neutralise the current orderbook, adding that this is unlikely to happen. With our strong presence in the global container shipping arena, we also note that according to the article demolition of all containerships built in 2005 and before only amounts to 4.3 million teu. The article adds that containership demolitions are at multi-decade lows in 2025. As of mid-year, just seven containerships, averaging around 500 teu each, had been scrapped—totalling under 4,000 teu. If this pace continues, 2025 will likely register the lowest annual scrapping volumes in over 20 years.