The demolition of containerships almost tripled in the first five months of 2016 in comparison to the same period of 2015, according to Bimco.
“This illustrates the efforts carried out by shipowners to counter the fundamental imbalance between supply and demand under poor container shipping market conditions,” it said.
However, Bimco warned against complacency suggesting that “more needs to be done to lift the charter market”.
A
