Containership sector to boost lowest ship recycling volumes since 2007. Published by Lloyd's List on 29 June 2023. This article features insights from our Chairman Capt Uday, making it an engaging read!
Published: 30-06-2023


The global maritime industry is seeing a decline in ship recycling volumes, the lowest since 2007. But the containership industry offers hope as demand for container shipping surges. Shipping companies are recycling older vessels and acquiring newer, more efficient ones. This article explores the reasons for the decline in ship recycling, the state of the containership sector, and the factors driving increased dismantling of containerships.

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