The Viktoria Wulff becomes the youngest boxship to
date this year to have been sent for scrap. Just 10-years-old, the 4,546 teu
panamax is owned by Erste RHW Schiffahrts and flagged with Liberia.
Panamax boxships have been sent en masse for
scrapping this year as rates for this ship size in particular have faded away. Prior
to the Viktoria Wulff, the youngest boxships sent for recycling this year had
been 13 years-old. Clarksons Research shows the German owner managed to gain a
very decent $303 per ldt for the ship scrapping.
“This is surprising as the Eid holidays have meant
that it has been a very quiet week in the ship recycling sector. However, the
signs have been there for a while, as the lack of tonnage started to push rates
up and we have been moving towards a scenario where yards have emptied and are
open across the board in the Indian Sub-Continent. This would help create
healthy competition once again, which can only benefit owners,” Clarkson
Research said in its latest weekly report.
The broking outfit also noted that another
13-year-old vessel, the Hang Jun 5, owned by another German owner, Hammonia
Reederei, was also sold for recycling last week.
Source: splash
24/7. 19 September 2016
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