Boxship owners are in a hurry to demolish ships for fear that a second wave of coronavirus will shut the door on further deals.
Most of the vessels being sold for recycling comprise smaller feeder vessels up to 3,000 teu.
That is where rates are approaching record lows, which have driven some shipowners to throw in the towel.
The increase in boxship scrapping has been made possible by the easing of lockdown restrictions across the Indian subcontinent.
