Maersk Line Scraps 8 Panamaxes

Maersk Line has sent eight of its Panamax containerships to be recycled in shipbreaking yards in India and China.

News ID: 70923

Date: 04 January 2017 - 10:42

According to MANA, In India, two vessels will be recycled by Shree Ram, and the remaining two vessels by Y.S. Investments.
The remaining four vessels will be recycled at Jiangyin Xiagang Changjiang Ship Recycling in China,
In the coming years, Maersk Line expects to recycle a larger number of vessels than in previous years as more vessels are coming to their economical end of life. With Maersk Line’s fleet of more than 600 vessels, owned and chartered, any decision to recycle depends on a broad set of variables – not least the state of the market, the company said.