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Boxship duo and ropax ferry exit fleet amid subdued recycling market

  • Ship recycling activity remains muted across most sectors due to limited tonnage availability
  • Boxship scrap sales in January included the fire-damaged 4,252 teu Wan Hai 503
  • CMA CGM subsidiary La Méridionale has sold the 33-year-old ropax Kalliste to Turkish ship recyclers

Ship recycling is expected to stay subdued until freight rate downturns significantly undermine older vessels’ commercial viability

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